The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the recent scarcity of fuel in some regions of the country to logistical problems impacting the...
The Federal Government, through the Ministry of Aviation and Aerospace Development, has authorized Messrs NAEBI Dynamic Concept Limited to exclusively collect helicopter landing fees at all...
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a 101% year-on-year increase from the N406.7...
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery. The...
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market. This represents a decrease of 8.28% or an N120...
Guinness Nigeria Plc has released its unaudited financial statement for the nine-month period ending March 31, 2024, revealing a loss after tax of N61.7 billion. The...
Counting for a triumphant burst of progress, Palremit has obtained its crypto license from the Polish government. This is a significant milestone that will enable Palremit...
The federal government has signed an agreement called the Aso Accord with state governments and private sector stakeholders to make financial services affordable and accessible to...
In 2023, Nigeria’s banking sector witnessed a substantial increase in lending activities amid interest rate hikes, reflecting both the resilience of the economy and strategic efforts to support...
On Thursday, the Nigerian Stock Exchange (NSE) witnessed a modest uptick in its principal indicators, with the NGX All-Share Index (ASI) climbing by 48 points to...
Energy and other commodity prices are projected to become significant deflationary factors in the forthcoming years, according to the World Bank. This trend may pose challenges...
Dangote Sugar Refinery has announced the suspension of its proposed merger with Dangote Rice Limited and Nascon Allied Industries plc for the time being. The company...
Billionaire founder of Meta, Mark Zuckerberg has said that Threads, the social networking app competing with X(formerly Twitter), has surpassed 150 million monthly active users, up...
The average cost of making jollof rice across major cities in Nigeria nearly hit the N17,000 mark as of March 2024. The SBM Jollof Index for...
The White House is contemplating granting temporary legal status and work permits to illegal immigrants who are married to American citizens. This is as a result...
Lafarge Africa Plc., a leading innovative and sustainable building solutions company, has launched a revolutionary innovative and first of its kind water resistant cement in Nigeria...
The Lagos State Water Corporation (LWC) has dismissed 391 ‘redundant’ employees as part of its ongoing effort to reorganize the company’s structure in the face of...
The Federal Airports Authority of Nigeria (FAAN) has launched an investigation into a fire incident that occurred on Thursday at the E54 bridge of the Murtala...
The Governor of Lagos State, Babajide Sanwo-Olu, has said his administration has been paying an additional N35,000 wage allowance to workers in the state since the...
At least 118 prison inmates escaped from a prison facility in Suleja, Niger state close to the Nigerian capital after heavy rains on Wednesday night damaged...
The Lagos State Government, on Thursday, closed Oniru Market in Eti Osa due to violations of environmental regulations. Tokunbo Wahab, the Commissioner of Environment and Water...
In a groundbreaking move that reaffirmed its status as a trailblazer in the fintech industry, Fast Credit has announced the successful payout of Series 4 of...
The price of Bitcoin fell below $64,000 on Thursday morning with over $209 million in crypto-bullish positions wiped off as the market slumped overnight. According to...
Nigeria and 15 other countries have received a boost with a $36.5 million injection of funds to combat trachoma. Dr. Joy Shu’aibu, the Country Director for...
What’s driving this phenomenal performance on the NGX? Nairametrics lists the brilliant minds behind the companies making waves on the NGX. These visionary CEOs are navigating...
Uganda’s Ministry of Finance recently disclosed that gold trade in Uganda is back at the top becoming Uganda’s major export. This declaration was based on data...
British International Investment (BII), the UK’s development finance institution and impact investor, today announced the signing of a $100 million risk-sharing facility with Citi Group to support the trade...
Unilever Group Plc experienced a sales boost in the first quarter, surpassing expectations, as CEO Hein Schumacher drives forward with the company’s turnaround strategy and consumers...
President Bola Tinubu recently approved the launch of the first phase of the Consumer Credit Scheme in Nigeria, a programme designed to offer credit facilities to...
The High Commission of Canada in Nigeria has announced its annual call for proposals for the Canada Fund for Local Initiatives (CFLI) to support small-scale, high-impact...
The National Council on Privatisation (NCP) on Wednesday, announced it is considering merging the Bank of Agriculture with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd....
Telecommunication operators in Nigeria have said that their services are overdue for price increments as they have not implemented any upward price adjustment in the last...
Despite a decline in Tesla’s revenue, Elon Musk, the former world’s richest man, saw his net worth increase by $9.8 billion in just one day, bringing...
Some of Nigeria’s leading companies incurred a combined forex loss of N1.8 trillion in the financial year 2023. This is according to information contained in the...
Dana Air has announced that it is processing refunds for flights affected by its recent temporary suspension. The Nigeria Civil Aviation Authority (NCAA) imposed the suspension...
The Federal Government has revoked 924 inactive mining licenses, alleging that miners have facilitated a black market for acquiring mining titles. The revoked licenses comprise 528...
Capital market operators have said that implementation of the Nigerian capital market master plan must be paramount for the new Director General of the Securities and...
Fidelity Bank has shown resilience in its financial performance but now faces a critical test: navigating the challenging terrain of the new Central Bank of Nigeria...
Digital money lenders, popularly known as loan app companies, are playing significant roles in extending credit facilities to the informal sector. While there are now hundreds...
In partnership with Happy pre-Friday ☀️ In Q1 2024, investment in African startups took a nosedive, plunging by approximately 45.6% compared to Q1 2023. On the...
Since the start of April 2024, the Nigerian stock market has been on a bearish run, with the All-Share Index (ASI) declining by 6.16% and the...
The World Health Organisation (WHO) has revealed plans to kickstart vaccination against Human Papilloma Virus (HPV) in Kogi State, beginning on May 27. Dr Muktar Toyosi,...
Subscriptions for 5G connectivity maintained a steady increase, reaching 1.24% of the country’s total connections as of March this year. This is according to the latest...
The National Association of Academic Technologists (NAAT) has proposed a minimum wage of N350,000 for workers in Nigeria. Mr. Ibeji Nwokoma, President of NAAT, announced this...
The daughter of a former President, Customary Court of Appeal, Abuja, Justice Moses Bello(late), Ann Eniyamire has asked the Federal Capital Territory High Court in Bwari,...
Ann Eniyamire, the daughter of the late Justice Moses Bello, former President of the Customary Court of Appeal in Abuja, has petitioned the Federal Capital Territory...
TikTok faces an uncertain fate in the U.S. once again. A bill including a deadline for TikTok parent company Bytedance to divest within nine months or...
The Central Bank of Nigeria (CBN) conducted a successful treasury bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities....
The Central Bank of Nigeria (CBN) conducted a successful treasury bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities....
The National Board for Technology Incubation (NBTI) has generated over 22,000 direct employment opportunities through its community incubation centers nationwide since its inception in 2005. This...
The Nigerian Stock Exchange (NGX) closed on a bearish note as selloffs overtook buying activities. The All-Share Index dipped by 1,190.24 points to settle at 98,121.30,...
Multichoice Nigeria, a prominent Pay-TV operator, has once again announced a price increase for its DStv and GOtv packages, this time by at least 25%. This...
Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair. This...
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), Simbi Wabote, have...
Veritasi Homes PLC, a leading real estate development company in Nigeria, recently announced the Veritasi Homes PLC Investment Expo 2024. The expo is scheduled for Saturday,...
The Registrar, Joint Admission and Matriculation Board (JAMB), Prof Ishaq Oloyede, has indicated that no fewer than 1.94 million candidates are expected to sit for the...
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, on Tuesday inaugurated the National Executive Safety Committee (NESC) to enhance safety in Nigeria’s aviation sector....
The Economic and Financial Crimes Commission (EFCC) says it has frozen over 300 accounts on suspicion of being linked to illicit forex trading which would have...
The Board Stanbic IBTC Plc will seek shareholders’ approval to establish a Debt Issuance Programme of up to ₦400 billion to issue diverse debt securities through...
The co-founder of Filmhouse Group and former Managing Director of FilmOne, Moses Babatope, is set to launch a new media and entertainment company. News of the...
The co-founder of Filmhouse Group and former Managing Director of FilmOne, Moses Babatope, is set to launch a new media and entertainment company. News of the...
The United States Department of Justice (DOJ) has recommended that the founder and former chief executive of Binance, Changpeng “CZ” Zhao, should spend three years in...
A devastating auto crash along the Umuahia-Ikot Ekpene Road in Akwa Ibom State has left four friends dead on Sunday night, April 22, 2024. Among the...
Veritasi Homes PLC, a leading real estate development company in Nigeria, today announced the launch of Assetize, a new venture designed to revolutionise real estate investment...
Kenya emerged as the third most preferred African country for immigrants seeking high-paying jobs as indicated by a report that highlights what draws foreign investors to...
Google has shifted its plan to phase out third-party cookies in the Chrome browser to 2025, citing the need to give regulators some time. The company...
The World Health Organization (WHO) has issued a warning, indicating that non-communicable diseases (NCDs) are poised to become the leading cause of mortality in Africa by...
Soap maker, PZ Cussons has announced it will review its business operations in Nigeria geared towards reducing risk and maximising shareholder value. This was disclosed in...
The U.S. skilled labor market is experiencing a gap in the availability of construction workers, plumbers, welders, and skilled trades. According to research from McKinsey &...
Old Mutual bought out Oceanic Life from Ecobank in 2013, which marked their entry into Nigeria. They entered the Nigerian market to build Nigeria’s most valuable...
The Philippines Security and Exchange Commission (SEC) has ordered Apple and Google to remove Binance app from their respective App stores for users in the Philippines....
The Federal Government has approved N25 billion funding for 8,800 health facilities nationwide in a bid to combat maternal mortality and improve newborn survival rates. Coordinating...
The Chief Executive Officer of Sparkle, a digital bank, Mr. Uzoma Dozie, has said that African traditional banks are doing far better than fintechs in terms...
The Economic and Financial Crimes Commission (EFCC) says it will prosecute a former Minister of Aviation, Hadi Sirika, over alleged money laundering, contract fraud in the ministry...
Tesla Inc. is set to enact significant job cuts, affecting more than 6,000 employees across its operations in Texas and California, aligning with CEO Elon Musk’s...
The Federal Government of Nigeria has introduced a new initiative for the 2024 MSME Week celebrations to acknowledge and incentivize innovative and resilient entrepreneurs who have...
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said that the anti-graft agency recovered over N120 billion since his assumed office...
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Ondo state to the state’s electricity regulatory bureau. This was disclosed...
After releasing the FY 2022 financial statements, Oando Plc has issued a press statement to address its net loss of N81.2 billion incurred in 2022, citing...
Today, in a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister...
Spot foreign exchange (FX) market turnover in March 2024 stood at $12.61 billion (N19.29 trillion), representing a month-on-month (MoM) increase of 47.66% ($4.07 billion) from what...
In partnership with Good morning ☀️ If you’re interested in business, politics, culture, and technology, Big Cabal Media has something new for you. Subscribe now to...
Amid the rising food inflation in Nigeria, rice prices are dropping in major markets, falling by 20-30 percent within two months. This is a relief for...
Nigeria’s official exchange rate fell to a month to date low of N1,300/$1 on Tuesday April 23, 2024 according to data from the FMDQ, where the...
Nigeria incurred a debt service of $3.5 billion for its external loans in the fiscal year ended 2023 according to data from the Central Bank of...
French authorities announced on Tuesday that five individuals, including a child, tragically lost their lives while attempting to cross the English Channel from France to the...
The Federal High Court, Abuja, on Tuesday, fixed May 17, 2024, to rule on the bail application of a detained Binance executive, Tigran Gambaryan, amid the...
The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM), request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited...
A new report by Save the Children has projected that one in every six children which is 15 million in Nigeria will go hungry during the...
Leadway Pensure, one of Nigeria’s leading pension fund administrators, has concluded the 2023 financial year, recording a 25% annual fund growth, exceeding its financial targets set...
The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has kicked off the...
The Chief Executive Officer, Nigeria Economic Summit Group (NESG), Tayo Aduloju has revealed that the Lagos Free Zone – the first private Special Economic Zone (SEZ)...
A Dana Air aircraft flying from Abuja to Lagos, departing at about 8:25 am on Tuesday, skidded off the runway at Murtala Muhammed Airport in Lagos. ...
Microsoft Corp. and the Coca-Cola Company have announced a five-year strategic partnership to align Coca-Cola’s core technology strategy systemwide, enable the adoption of leading-edge technology, and...
The NGX concluded its trading day in the red, with a dominant selling trend that surpassed buying interest. The All-Share Index fell by 353.51 points, ending...
The Federal Government has commenced the unbundling process for the 11 electricity distribution companies (DisCos) along state lines for better efficiency. This was made known by...
Following a trending video of a student, Namtira Bwala, getting bullied by Maryam Hassan, Lead British School has been shut down for three days. Owing to...
Eko Electricity Distribution Company (EKEDC), has said it recorded the lowest Aggregated Technical, Commercial, and Collection losses (ATC&C) in the history of the company. The “Technical”...
CapitalSage Technology Limited, an integrated digital financial services group and owner of CBN-licensed Kolomoni Microfinance Bank and ERCAS, announced another successful repayment of its fourth commercial...