Story Highlights The Nigerian Exchange Group (NGX) conducted a significant downsizing shortly after its annual general meeting in Lagos, officially terminating 25 employees, contrary to earlier...
The Nigerian Exchange Group (NGX) has relieved some staff members of their jobs days after its annual general meeting (AGM) which was held in Lagos. Multiple...
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03%, from N1,463.3/$ to...
The Federal Government is committed to promoting sustainable air travel through the strategic use of satellite technology. Mr. Festus Keyamo, Minister of Aviation and Aerospace Technology,...
The Alternative Bank in collaboration with TotalEnergies announced a ground-breaking partnership to bring essential banking services directly to underserved communities across the country through their innovative...
In partnership with Good morning ☀️ TechCabal is launching a podcast we hope will enhance conversations and improve insight into the people in the ecosystem. Please...
This week started on a bearish note in the Nigerian Exchange (NGX), which posted a 0.89% decline to close today with an All-Share Index of 98,703.68...
An investment banking executive has died after allegedly working a 120-hour-a-week shift on a deal in the Financial Institution Group (FIG) sector. According to Trading View,...
Investors of Airtel Africa Plc, one of the major telecommunications companies quoted on the Nigerian Exchange Group Plc (NGX), recorded a loss of about N826 billion...
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja will today, Tuesday, hear and possibly determine the case against Multichoice Nigeria, a major pay-TV operator,...
Dr. Ikenna Okezie is Chief Executive Officer and co-founder of Somatus, a $2.5 billion market leader in value-based kidney care. His healthcare start-up is based in...
The Bitcoin Network has processed its one billionth transaction marking a significant milestone in the 15 years of the network’s existence. According to CoinTelegraph, a bitcoin...
The Katsina State Government has allocated the sum of N3.77 billion between June 2023 and April 2024 in a bid to strengthen healthcare services within its...
The Federal High Court sitting in Abuja, on Monday, adjourned an amended money-laundering charge instituted by the Economic and Financial Crimes Commission (EFCC) against a nephew...
President of the Africa Fintech Network (AFN), Dr. Segun Aina, has said that some of the regulatory issues facing fintechs in Nigeria are due to the...
The Apapa Command of the Nigeria Customs Service (NCS) has achieved a major feat by generating a staggering N672.1 billion in revenue between January and April...
The Central Bank of Nigeria (CBN) has ordered banks to enact the process of deduction of cyber security levy to be administered by the office of...
The federal government has dismissed reports that the federal government is collaborating with other countries to set up a foreign military base in Nigeria. The Minister...
Following a recent pronouncement by Dr. Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development, concerning significant structures situated on the Lekki-Epe axis,...
Following a recent pronouncement by Dr. Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development, concerning significant structures situated on the Lekki-Epe axis,...
Cross Border Trade between the Democratic Republic of Congo (DRC) and Rwanda has significantly increased despite the two countries being embroiled in political tensions that might...
Global oil giant, Shell Plc, has opted to sell off its majority stake in a South African downstream subsidiary following an extensive evaluation of its operations...
UAC of Nigeria Plc (UACN) and Chemical and Allied Products Plc (CAP), have refuted the alleged media report on the potential acquisition by UAC of shares...
The Federal High Court Abuja has ordered Qatar Airways to enter defense in a suit filed by an ex-lawmaker, Honorable Chukwuemeka Ujam, who seeks N30 million...
The Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is advocating for a new cryptocurrency measure that aims to remove the...
Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. This is...
Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. This is...
The Nigerian Electricity Regulatory Commission (NERC) has confirmed the approval of 8.1% electricity tarif rate cut for customers under Band A category for all power distribution...
Nigeria’s third wealthiest individual and Chairman of BUA Group, Abdulsamad Rabiu, has seen his net worth climb by $4.3 billion in about five years. This is...
Plateau State has unveiled a drugs and commodities warehouse valued at N590 million as part of the moves to combat the scourge of counterfeit drugs. This...
The Union Oak Farms & Industries Limited has asked the Federal High Court, Abuja, to set aside its interim order allowing the Asset Management Corporation of...
Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018...
The Lagos State Government has temporarily shut down The Bay Lounge in Lekki over environmental violations, citing non-compliance with the state’s environmental protection directives. The announcement...
The Ikeja Electricity Distribution Company (IE) announced that it has incorporated 19 new Band A feeders into its network following the recent decrease in electricity rates...
The Debt Management Office (DMO) has opened the subscription offer for May FGN savings bonds, priced at N1,000 per unit. The two-year savings bond maturing on...
UPDC Real Estate Investment Trust (REIT) has released its unaudited financial results for Q1 2024. The REIT disclosed a notable net income of N789.5 million, indicating...
In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at...
The Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, has thrown his weight behind plans by telecommunications operators in Nigeria to increase their...
Nigeria has officially signed the Establishment Agreement for the Fund for Export Development in Africa (FEDA), an impactful investment platform managed by the African Export-Import Bank...
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings,...
The president of the Democratic Republic of Congo, Felix Tshisekedi, recently explained why the Eastern influence is outshining the Western influence in Africa rating Russia and...
To mark the 90th anniversary of the British Council holding later in the year, the Council has announced a three-year research partnership with the Institute for...
The Lagos State government has revealed that 80% of buildings around the Ibeju Lekki and Epe corridor do not have government approval. This was made known...
Shareholders of Presco Plc will receive a total dividend of N26.300 billion for the financial year ended December 2023, representing a total dividend of N26.30 kobo...
Paramount Global has started negotiation discussions with industry giants, Sony and Apollo Global Management, over acquisition deals. According to reports by the New York Times on...
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh. In a circular signed...
The latest report from cybersecurity firm Sophos revealed that ransom payments by companies globally hit with ransomware increased by 500% in 2023. According to the “State...
Fidelity Bank released its unaudited financial results for Q1 2024, showing pre-tax profit rose 120.14% to N39.497 billion. In just three months, the bank has already...
Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat for the development...
Data from the National Pension Commission (PenCom) have revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended 31st March 2024. This...
The cost of tomatoes and peppers could increase in Lagos as the Tomato Crates Dealers Association of Nigeria threatens to cut the supply of tomatoes to...
Ethereum has recorded a significant surge in new wallet creations, adding a staggering 267,000 new wallets to the platform. This recent influx marks the highest number...
Dr. Richard Montgomery, the British High Commissioner to Nigeria, stated that although some international students are prohibited from bringing dependents, those enrolled in PhD programs are...
Operatives of the National Drug Law Enforcement Agency (NDLEA) have smashed an international drug syndicate with operations spanning Nigeria, South Africa, and Thailand. The agency’s two-week...
Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), the umbrella body of players in the cryptocurrency industry, has blamed the rise of peer-to-peer (P2P) crypto trading...
In partnership with Good morning ☀️ The second edition of TechCabal’s Moonshot Conference is set for October 9–11, 2024, at the Eko Convention Centre, Lagos, Nigeria....
The British High Commissioner to Nigeria, Richard Montgomery, has said that trade relations between Nigeria and the United Kingdom (UK) currently stands at about £7 billion....
In April, the global benchmark for food commodity prices ticked upwards, as declines in sugar and dairy products were outweighed by increase in meat prices, vegetable...
The United States Government through its regulatory agencies have clamped down on top cryptocurrency projects within the space of two years as it struggles to understand...
The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, has said that the state government will commence enforcement actions to dismantle more than 100...
Ben Murray-Bruce, a former senator representing Bayelsa East from 2015 to 2019 and founder of the Silverbird Group, has stated that the Lagos-Calabar coastal highway will...
A growing number of Nigerian residents are raising concerns following clampdown on crypto assets via the financial industry Following the classification of cryptocurrency trading as a...
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that the number of dependents accompanying students from Nigeria studying in the United Kingdom (UK) surged...
Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria (CBN) in the second half of...
Tokunbo Wahab, the Lagos State Commissioner of Environment and Water Resources, has clarified that developers of the properties demolished in Mende Villa in Mende on Saturday...
The Democratic Republic of the Congo (DRC) has protested the role of multinationals like Apple in fueling conflict in the country by patronizing Illegally gotten Minerals...
In Lagos, Nigeria’s economic capital and most populous state, residents are grappling with a significant housing crisis. The city, known for its robust economy and high...
The Economic Financial Crime Commission (EFCC) has refuted claims that it published a list of former governors currently under investigation for N2.187 trillion alleged corruption by...
Nigerian young resident population now feels more mistrust and bewilderment, because of the FG’s recent attack against Nigeria’s crypto industry A crackdown on peer-to-peer (P2P) cryptocurrency...
In today’s interconnected world, the power of a passport extends far beyond its physical pages. It represents freedom, global mobility, and opportunities for its holders. The...
Software giant, Microsoft, has rolled out passkeys for all consumer accounts, enabling users to drop passwords to access the company’s accounts. The company noted that the...
The Federal Government has mandated system operators in the Nigerian power industry to supply not more than 6% of total available grid generation per hour to...
The African Development Bank (AfDB) is targeting 200,000 jobs from the special agro processing zone (SAPZ) project in Anambra State. Dr. Chuma Ezedinma, Agricultural Economist with...
The Nigerian government recently launched the Outsource to Nigeria Initiative (OTNI) to tap into the global outsourcing market, which generated nearly $350 billion in revenue in...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
The Federal High Court, Abuja, has adjourned a suit alleging that the Ethiopian government lacks budgetary allocation to cater for the feeding and welfare of detained...
“Anybody still in the bread-making business is doing so because he cannot find any other thing to do and wants to save capital. There is no...
Nigeria’s credit to the private sector has seen a sharp decline of approximately N9.65 trillion from February to March 2024. This decline underlines the Central Bank...
As part of Transnational Corporation Plc’s proposed share reconstruction, the total number of issued ordinary shares of the company will be reduced by consolidating the issued...
Linkedin, a business and employment-focused social media platform. The platform has made three key predictions for the future of recruiting based on Gen AI’s promise to...
Zenith Bank Plc, one of Nigeria’s leading banks, released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a...
Nollywood veteran, Shan George, has cried out in a desperate plea for help following an alleged bank fraud which saw the disappearance of N3.6 million from...
During the 63rd Annual General Meeting (AGM), Temi Popoola, NGX Group GMD/CEO, outlined strategies to drive listings, tackle delistings and other market challenges, emphasizing the importance...
The second edition of the Innovate Pitch and Grant concluded triumphantly, with two Nigerian entrepreneurs clinching the top spots. OneGrid Energies which is a Start-up that...
The Federal Government has introduced key initiatives aimed at expediting the eradication of malaria in Nigeria. The Coordinating Minister of Health and Social Welfare, Prof....
The global concrete and cement market size is estimated to grow by $469.01 billion from 2023 to 2027, according to Technavio market research report. This growth is expected to occur...
A growing number of Nigerian residents are raising concerns following clampdown on crypto assets via the financial industry Following the classification of cryptocurrency trading as a...
The crypto market turned green as Bitcoin rebounded strongly on Saturday morning sparking hopes that the worst of the meltdown might be over BTC surged almost...
Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS). However,...
Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS). However,...
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) bank swaps. This disclosure underscores ongoing...
The Federal Government has pledged to expedite the passage of a legislative bill to boost the local automotive industry. This assurance was given by the President’s...
Enhancing healthcare systems significantly boosts both life quality and expectancy. By facilitating timely detection and treatment of health issues, access to healthcare services safeguards individuals while...
Medical professionals from Nigeria who are planning to relocate to the United Kingdom to pursue their career have to consider some factors before making the big...
Medical professionals from Nigeria who are planning to relocate to the United Kingdom to pursue their career have to consider some factors before making the big...
UBA has released its unaudited financial statements for Q1 2024, with the group posting a pre-tax profit of N156.3 billion, marking a 155% year-on-year increase from...
Global credit ratings agency, Fitch, has revised Nigeria’s long-term credit default rating upward from stable to positive on the back of reforms in the foreign exchange market,...