The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy in the light of the ongoing reforms as...
The Nigerian National Petroleum Company Limited (NNPC) has filed a motion to discontinue its legal action against several subsidiaries of Mobil Nigeria as part of the...
The Nigerian Senate has approved a supplementary budget of N98.5 billion for the Federal Capital Territory (FCT) for 2024 on Tuesday. Together with a N1.2 trillion...
Following the restriction from the Central Bank of Nigeria on onboarding new customers, PalmPay is thrilled to announce that onboarding has resumed on its mobile app...
The African Development Bank (AfDB) has pledged its support for the 2024 Climate Action Africa Forum (CAAF24) Deal Room, taking place from June 19 to 20,...
The United Bank for Africa (UBA) has released its achievement over the years as it kicked off celebration of its 75th anniversary on Monday while it...
Nigerian independent energy company,Seplat Energy Plc has announced the commissioning of its ANOH gas processing plant valued at $650 million. The President of the Federal Republic...
The African Development Bank Group (AfDB) pledged $2 billion over 10 years towards clean cooking solutions in Africa, being a major step along the road to...
In April 2024, the headline inflation rate rose to 33.69%, up from 33.20% in March 2024, marking an increase of 0.49% points. Comparing year-on-year data, the...
In response to the growing demand for business aircraft in Africa, charter operator, VistaJet, has made inroads into Africa’s private jet operations and restated commitment to...
The 5G market is projected to grow from a size of $17.30 billion in 2023 to reach $115.81 billion by 2030, at a compound annual growth...
The fortune of equity investors in Nigeria tumbled last week after the nation’s domestic bourse reversed previous gains to close the week in the red. Specifically,...
United Bank for Africa Plc (UBA), Africa’s Global Bank, released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across...
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5% cybersecurity levy on all electronic transactions within the country excluding 16...
Amidst prevalent economic headwinds in the country, the Nigeria equities market has rebounded to brake free of the shackles of profit-taking as the bulls successfully staged...
Teleoms and digital communications company, MTN Nigeria has reduced its outstanding Letters of Credit (LC) obligation by 41.58% in the first quarter of 2024 in a...
Transnational Corporation Plc, Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024....
The FCMB Group has reported a profit before tax of N104.4 billion for the full-year ended December 31, 2023, a 186% year-on-year (YoY) increase compared to...
The financial performance of MTN Nigeria defied positive metrics of commercial momentum seen in its operation in the first quarter of 2024. Instead of posting profit,...
Telecoms operators in Nigeria have cried out over various bottlenecks confronting the $75.6 billion worth industry, tasking the federal government to come to their aid. A...