The International Monetary Fund (IMF) says the critical mineral deposits in sub-Saharan Africa (SSA) can boost the region’s Gross Domestic Product by 12% in 2050. This...
A female student at the University of Abuja, Murjanatu Zubairu, has tragically passed away in a car accident on the Lugbe – Airport Road in Abuja....
Tech giant, Google, has announced the opening of applications for the 8th cohort of its Google for Startups Accelerator Africa program. According to a statement from...
Shareholders of Nigerian Exchange Group (NGX) Plc have given their approval for the group’s initiative to raise capital of up to N10 billion naira through a...
Only 20% of Nigerian bank employees implicated in fraudulent activities were dismissed in 2023, indicating a lenient stance towards internal malpractices. An analysis of reports on...
Nigerian banks lost a total of N2.09 billion to frauds in Q4 2023 with mobile emerging as the top channel through which the largest amount was...
MTN Nigeria experienced significant financial strain due to a continued depreciation of the naira, reporting a net foreign exchange loss of N656.3 billion in Q1 2024,...
Coca-Cola Co. is preparing for listings on two stock exchanges, after previously deferring such plans. According to a report by Bloomberg, the beverage giant is contemplating...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the initiation of a new bid round for marginal oil fields in Nigeria in 2024. This round...
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Nigerian Customs Service duty collection by N163. Hence, the latest exchange rate for...
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Nigerian Customs Service duty collection by N163. Hence, the latest exchange rate for...
In partnership with Good morning ☀️ Before we get to today’s edition, here’s a reminder that we launched The Big Daily last week, it’s TC Daily...
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja has restrained Multichoice Nigeria, a prominent Pay-TV operator, from increasing the prices of its DStv and...
The Registrar of the Joint Admissions and Matriculation Board (JAMB), Ishaq Oloyede, officially unveiled the results of the 2024 Unified Tertiary Matriculation Examination (UTME) during a...
LinkedIn is currently offering free soft skills courses, open to everyone, including students and working professionals. The aim of this initiative is to align with LinkedIn’s...
The Nigerian economy’s heavy reliance on oil revenues has made it particularly vulnerable to international market dynamics, leading to currency depreciation and a disparity between official...
The Cryptocurrency industry could hit 1 billion users by the end of 2025 according to Bitcoin Analyst Willy Woo. According to CoinTelegraph, Willy Woo took to...
The trial of A. OluwaSesan, indicted in a computer-related theft case involving $87,883,904, has been adjourned by the Federal Capital Territory High Court, Abuja. The Inspector...
An oil and gas expert says the current petrol pricing does not reflect market realities, noting that this is the major cause of the current fuel...
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This marked a 2.20% rise from the...
The revenue collection efficiency of 11 electricity distribution companies (Discos) reached 85.82% in February 2024, according to a report by the Nigeria Electricity Regulatory Commission (NERC)....
The Board of Directors of Seplat Energy has announced the appointment of Mrs Eleanor Adaralegbe as Executive Director effective May 1, 2024. She will also be the Chief...
The Abuja Electricity Distribution Company (AEDC) has clarified the ongoing power outage affecting parts of Abuja, attributing it to technical faults on several feeders in the...
The Central Bank of Nigeria (CBN), under Yemi Cardoso, has increased the monetary policy rate (MPR) by 600 basis points so far, from 18.75% to 24.75%...
One year has elapsed since former President Mohammadu Buhari approved the postponement of the 2023 population and housing census. The suspension was disclosed in a press...
The demolition of structures at Landmark Beach Resort in Oniru, Victoria Island, kicked off today, April 29, 2024, as a result of its encroachment on the...
In Canada, over one million foreign students are primarily restricted to low-wage, part-time jobs. This is due to youth unemployment figures in Canada currently hovering near...
The National Film and Video Censors Board (NFVCB) has reported that it processed and categorized 274 films from Nigeria’s film industry in the first quarter of...
Daniel Ek, the co-founder of Spotify Technology SA, has opted to sell off a portion of his shares in the audio-streaming giant after gross margin grew...
The Central Bank of Nigeria (CBN) has directed four fintech companies to stop onboarding new customers until further notice. The four fintechs include OPay, Palmpay, Kuda...
MTN Nigeria Communications Limited has asked the Federal High Court, Abuja, to strike out the alleged copyright infringement case instituted against it by the Nigerian Copyright...
Oil marketers have blamed the fresh scarcity of Premium Motor Spirit (PMS) otherwise known as petrol, which is currently being experienced in some parts of the...
The Nigeria Customs Service (NCS) announced that it generated N498.07 billion in revenue for March 2024, amounting to an average hourly revenue of approximately N669.45 million...
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
ChatGPT maker, OpenAI, has signed a partnership deal with the UK’s Financial Times (FT) to allow the AI company to use its content to train AI...
The United States Congress has made proposals to extend the African Growth and Opportunity Act (AGOA) to all 54 African countries and also extend it to...
Nairametrics held its monthly economic webinar on Saturday with the theme “Exploring Solutions for Nigeria’s Energy Sector.” The webinar, which was hosted by Samuel Oyekanmi, included...
FMDQ Group Plc has announced the appointment of Mr. Muhammad Sani Abdullahi as the Group Chairman of the Board, effective Friday, April 26, 2024. The Group in a...
Fuel scarcity in the state and other major cities has led to higher fares and longer waits for Lagos residents dependent on public transportation for work...
Fuel scarcity continues to worsen in Lagos, Ogun State, Abuja, and some other parts of the country despite claims by the Nigeria National Petroleum Corporation (NNPC)...
The operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a male passenger attempting to smuggle 4,000 tramadol pills through the Muhammad Murtala International...
In the past one year, the price of food items especially staple foods has increased significantly. It has been adjudged that the increase in food prices...
Premium Pension is one of the first set of Pension Fund Administrators (PFA) licensed by the National Pension Commission (PenCom) in December 2005. The company ended...
Between 2021 and 2023, about 15 firms have been delisted from the Nigerian Exchange Limited (NGX) due to varying reasons ranging from breach of regulatory requirements...
Microsoft founder, Bill Gates, has said he is working with the Federal Government to develop what he described as a ‘one-identity’ technological platform that can integrate...
Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from...
The Federal Government has begun the design of the Badagry-Sokoto Coastal Highway project, according to Minister of Works, David Umahi. He said this during an inspection...
The naira regained strength against the haven currency over the weekend, breaking below the N1,300 resistance level at the parallel market, to settle at N1270-75 against...
Africa stands as a hub of growing cities and untapped potential, showcasing a wealth narrative driven by aspiration. With 135,200 millionaires, 342 centi-millionaires, and 21 billionaires...
Recent dividend announcements by major Nigerian banks have highlighted a complex interplay between shareholder returns and Central Bank of Nigeria (CBN)’s recapitalization requirements. Despite the CBN’s...
The National Agency for Food and Drug Administration and Control (NAFDAC) has declared that Nido infant milk formula, alleged to contain sugar or honey. is not...
The Indian passport ranks as the second cheapest worldwide, maintaining its distinction as the most cost-effective in terms of “cost per year” of validity. This is...
The Ministry of Works has announced that compensation for property owners affected by demolitions along the Lagos-Calabar Coastal Highway corridor will begin shortly. This update was...
In partnership with Good morning ☀️ We’re trying something new in TC Daily. We’re introducing a new column called Techxperts Talk where bi-weekly—every other Monday—we’ll share...
A Danish shipping and logistics company, A.P Moller-Maersk, has pledged a $600 million investment to expand existing port infrastructure to accommodate more container shipping services in...
The Industrial Training Fund (ITF) has announced that the screening of artisans for the Skill-Up Artisans program will take place between the 29th of April and...
Nigeria’s President Bola Tinubu says his administration removed petrol subsidy to put Nigeria on the path of economic growth. Tinubu highlighted this during a high-level panel...
An experienced market analyst has sounded a note of warning that Bitcoin could soon drop to as low as $59,000 as the crypto reaches its cycle...
Dubai is resuming the construction of a new passenger terminal at Al Maktoum International Airport in anticipation of a surge in visitor numbers, following a hiatus...
Dr. Adamu Abdullahi, Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has disclosed that Multichoice submitted a four-page letter detailing the...
The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has confirmed that the troubled Abuja Chinese supermarket, sealed...
The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has confirmed that the troubled Abuja Chinese supermarket, sealed...
The Nigerian Communications Commission (NCC) has advised players in the telecom sector to embrace infrastructure sharing to reduce costs and improve service delivery. The Executive Vice-Chairman...
Nigerian Breweries is seeking to convert part of its liabilities into equities. This is according to the resolutions from the group’s Annual General Meeting (AGM) held...
The exchange rate for cargo clearance has dropped below official and parallel market rates to N1,164.84/$, according to the latest update on the Nigeria Customs Service’s...
For working-class Nigerians, surviving the monthly onslaught of inflation is tough. Before the International Labor Organization’s new definition of unemployment, Nigeria’s unemployed constituted nearly 40% of...
The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited, citing the company’s inability to account for...
The Presidential Compressed Natural Gas Initiative (P-CNGi) has announced plans to provide certain incentives, subsidies and instalment payments for CNG vehicles across the country from May...
The founder and CEO of Paga, Tayo Oviosu, has said that telecommunications operators in Nigeria will have to crash the cost of data to accelerate financial...
In March 2024, the average fare for Okada transportation per drop in Nigeria saw a modest year-on-year increase of 2.15%, reaching N472.16, up from N462.21 recorded...
All Nigerian states have signed their 2024 approved budgets into law. Amidst a sector still reeling from the aftershocks of the COVID-19 pandemic, exacerbated by a...
This year, about 2,781 billionaires are scattered across the globe, yet they are residentially clustered within a handful of select cities. According to Forbes’ latest World’s...
This year, about 2,781 billionaires are scattered across the globe, yet they are residentially clustered within a handful of select cities. According to Forbes’ latest World’s...
The Federal Government has started the demolition of a segment of some beaches in Lagos, specifically the Mami Chula Beach Lifestyle section, to facilitate the construction...
One person has lost his life, six others injured and six vehicles burnt in a gas tanker explosion. Naija News gathered that the incident happened at...
The African Export-Import Bank (Afreximbank) and Access Bank are nearing the finalization of a funding agreement with the Lagos State Government to complete Phase 2 of...
A Professor of Energy and Electricity Law, at the University of Lagos (UNILAG), Prof. Yemi Oke has said that the amended electricity act signed into law...
Mr. Olabode Sowunmi, CEO of Cabtree Limited and Chairman of the Hydrogen and New Energy Committee of the Nigerian Gas Association, has issued an appeal to...
When the new tariff hike was announced by the Nigerian Electricity Regulatory Commission (NERC) on April 3rd, it was met with harsh resistance but most importantly confusion...
The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on Saturday, according to information obtained by...
Mr. Olabode Sowunmi, CEO of Cabtree Limited and Chairman of the Hydrogen and New Energy Committee of the Nigerian Gas Association, has announced the need for...
There are critical success factors in implementing an efficient transmission of power in Nigeria, which include decentralizing the power sector and improving the grid system. These...
The Acting Director, of the Banking Supervision Department of the Central Bank of Nigeria (CBN), Dr Adetona Adedeji, has affirmed the bank’s decision to prioritize combating...
Resident doctors at the Delta State University Teaching Hospital (DELSUTH) have initiated a one-week warning strike in a bid to draw attention to what they’ve described...
Nigeria needs to take actions to maximize gains from the gas sector, such as aligning the energy mix with the country’s competitive advantage, withdrawing subsidies, and...
The Oyo State Government has set aside N691.3 million to invest in any future rights issuances by Wema Bank Plc. The announcement was made in a...
The Federal Ministry of Industry, Trade and Investment (FMITI) recently launched a $10 billion Nigeria Diaspora Fund, urging eligible firms to indicate interest in providing services...
As part of the resolutions at its Annual General Meeting (AGM), the board of Nigerian Breweries Plc has received shareholders’ approval for a N600 billion rights...
Delta Air Lines, one of the leading carriers in the United States, is preparing to relaunch its daily service from John Fitzgerald Kennedy (JFK) Airport in...
Foreign portfolio inflows into Nigeria’s Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period...
President Bola Tinubu of the Federal Republic of Nigeria has authorized the appointment of two Chief Executive Officers for two agencies. According to a statement released...
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Telecommunication operator, Airtel Nigeria increased its share of the market to 29% to maintain its position as the second-largest network operator in the country. The telco...
CWG PLC (formerly known as Computer Warehouse Group), a leading provider of integrated IT solutions in the Middle East and Africa, is pleased to announce its...
President Bola Tinubu has announced the appointment of Mr. Jim Ovia, CFR, a banker and entrepreneur, as the Chairman of the Board of the Nigerian Education...
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase. According to...
Following a brief uptick on April 25, 2024, the NGX resumed its downward trajectory on Friday, April 26, concluding the week with minimal movement. The...