June 05
Nigeria: Stock Market Maintains Prof-Taking Momentum, Drops By N38bn
The Nigerian stock market yesterday saw a negative close for the second trading day in the month of June 2024 as market capitalisation went down by N38 billion. Read more »
Nigeria: Radix Pension Plans Expansion of Market Share
Radix Pension Managers, has said that its target was to be listed among the big ten pension fund administrators in the next five years. Read more »
Nigeria: Nigerian Navy @68 and Naval Dockyard's Contribution to Its Fleet Renewal
Just last week, the Nigerian Navy clocked 68 and it was commemorated with a beehive of activities including the inauguration of projects at the Naval Dockyard Limited, NDL, the… Read more »
Nigeria: Ibedc Appoints Agoha Md
The management of Ibadan Electricity Distribution Company (IBEDC), has named Mr. Francis Agoha, as its new Acting Managing Director. Read more »
June 06
Nigeria: Govt Restores Power Supply to North-East Months After Terrorists' Attack On Infrastructure
The federal government yesterday announced the restoration of electricity supply to the North-east, months after suspected terrorists attacked key transmission infrastructure in… Read more »
June 05
Nigeria: Peter Obi - Revocation of Heritage Bank's Licence Will Hurt Confidence in Banking System
Former Anambra Governor and the presidential candidate of the Labour Party in the last general election, Peter Obi, yesterday, said that the Central Bank of Nigeria's (CBN)… Read more »
Nigeria: Petroleum Training Institute Matriculates 1,793 Students
The Petroleum Training Institute (PTI), Effurun, Delta State has matriculated 1,793 students for its 2023/2024 academic session. Read more »
June 04
Nigeria: One Killed, 30 Trapped in Niger Collapsed Mine
One person has been confirmed dead in a Mine collapse in Galkogo village in the Shiroro local government area of Niger state. Read more »
Nigeria: On New Minimum Wage, Tinubu Directs Edun to Come Up With Cost Implications in 48 Hours
President Bola Tinubu on Tuesday directed the Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, to, within two days, come up with the cost implications… Read more »
June 03
Nigeria: Liquidity Challenges - Banks, Others' Borrowing From CBN Up 436 Percent to N53.7trn
Kayode Tokede Read more »
Nigeria: Lokpobiri - FG Will Continue to Rely On Pti for Manpower Devt in Oil Sector
*Institute matriculates 1,793 students Read more »
Nigeria: Wale Edun - Economic Stabilisation Package Underway to Support Businesses
*Says Tinubu has achieved relative economic stability Read more »
Nigeria: Stanbic IBTC Insurance Receives NAICOM's Approval for 2023 Fs
In a significant stride towards international financial reporting standards, Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has emerged as the first insurance… Read more »
Nigeria: Ptd Invites Labour Ministry, DSS to Conduct Its National Delegates' Conference
One of the elders of the Petroleum Tanker Drivers (PTD) Branch of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in Port Harcourt Zone, Joseph Dagogo-Jack has… Read more »
Nigeria: Financial Sector Will Witness More Islamic Banking, Says CBN
The Central Bank of Nigeria (CBN) has revealed that the financial sector will witness more Islamic banking. Read more »
Nigeria: Gencos Urge FG to Offset N3.5tn Owed Them, Say Debts Inhibiting Operations
Power Generation Companies (Gencos) operating in the country have called on the federal government to pay the accumulated N3.7 trillion owed them for their services. Read more »
Nigeria: Geregu, Siemens Partner to Raise Nigerian Firm's Overall Power Generation Capacity to 1,200mw
Nigeria's foremost power generation solutions provider, Geregu Power Plc and Siemens Energy have signed a Memorandum of Understanding (MoU) to jointly develop solutions for… Read more »
Nigeria: Ntumba - Our Cutting-Edge Savings Application Aims At Mitigating Negative Impact of Inflation
Acting CEO of Baobab Microfinance Bank, Eric Ntumba, in this interview with select journalists in Lagos, discusses the bank's digital savings offering, the Jollof+ app, how Nigeria… Read more »
Nigeria: Zenith Bank Named Most Sustainable Bank in Nigeria in the International Banker Awards 2024
Zenith Bank Plc has been named the "Most Sustainable Bank, Nigeria" in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Read more »
Nigeria: Haastrup - Prolonged Closure of Marine Bridge Affecting Cargo Evacuation From Apapa Port
The prolonged closure of a section of the outbound lane of Marine Bridge in Apapa, Lagos is slowing down the evacuation of goods cleared from the Lagos Port Complex Apapa, Chairman… Read more »
Africa: Ukwuoma - Financial Barrier Hindering Adoption of Solar Innovation in Africa
Ifeanyi Ukwuoma is the Chief Executive Officer of Powerfull Technology Limited .In this interview, he talks about how the organization is driving the expansion of solar adoption… Read more »
Nigeria: Minimum Wage - Senate Finance Committee Chair Begs Labour to Suspend Strike
The Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa, has pleaded with the leadership of the organised labour in the country to call off the ongoing strike and… Read more »
June 04
Nigeria: Presidential Tax Reforms Committee Seeks to Slash FIRS, Customs' Revenue Collection Costs to 1 Percent
Chairman, Presidential Committee on Tax Policy and Fiscal Reforms, Mr. Taiwo Oyedele, yesterday, said the committee had proposed the reduction of revenue collection costs to one… Read more »
Nigeria: Cardoso Seeks Routine Disclosure of Debt Portfolios, Borrowing Activities to Build Trust
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities. Read more »
Nigeria: Dangote Eyes $30 Billion in Total Revenue From His Businesses By End of 2024
Founder of the Dangote Group and Africa's richest person, Alhaji Aliko Dangote, has disclosed that by the end of 2024 he expects the total revenue from his businesses to hit over a… Read more »