Business News
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Medical Tourism: Kwara State approves N906.7m seed fund for state’s university teaching hospital
The Kwara State Executive Council, North Central Nigeria, has approved the establishment of a teaching hospital with a N906.7 million…
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FAAC revenue rises by 20.04% as FG, States and LGAs share N1.08 trillion in November
The total distributable revenue between the federal, state and local governments increased by 20.04% to N1.08 trillion in October. This…
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Forex traders defy inflation as Naira appreciates to N889.86/$1 at the official market
The naira strengthened against the U.S. dollar at both the official and the parallel market. This is despite that Nigeria’s…
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NLC calls the World Bank a problem in Nigeria over N750/liter fuel pump price suggestion
The Nigeria Labor Congress has said that the World Bank is one of Nigeria’s problems over the former’s call for…
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Lagos State Government to subsidize drugs as health palliatives for residents
Governor Babajide Sanwo-Olu of Lagos State has pledged to provide health palliatives for residents by subsidizing drugs to enhance their…
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Mining engineers without registration with Mining Council will not be recognised- Dele Alake
The Federal Government has pledged to enhance professionalism within Nigeria’s extractive industry by eliminating quackery in the mining sector. …
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TETFUND inaugurates N1bn project at Bauchi State University
The Tertiary Education Trust Fund (TETFUND) has officially unveiled a Central Library Complex at Bauchi State University, Gadau, with a…
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World Bank approves $750 million DARES clean energy project in Nigeria
On Thursday, December 14, the World Bank approved the $750 million Distributed Access through Renewable Energy Scale-up (DARES) project in Nigeria.…
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IMF urges Central Banks around the globe not to rush to join Fed policy pivot
Central banks around the world shouldn’t rush to relax their fight against inflation even with the Federal Reserve signalling its…
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Konga launches authorised Online Store for Apple products
Konga today announced that it will launch a new online store in Nigeria on December 15, 2023. Customers will now…
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Dangote Cement marks Host Community Day with multi-million-naira empowerment programmes
Dangote Cement Plc, Ibese Plant, has marked its 2023 Host Community Day in a grand style with the unveiling of…
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Worldbank launches accelerator for youth entrepreneurs in water solutions
The World Bank has launched a youth innovation challenge/accelerator program for youths focused on water solutions for a changing climate.…
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itel Launches itel P55T Smartphone with Android 14 Go Edition and Long-Lasting Battery
itel Launches itel P55T Smartphone with Android 14 Go Edition and Long-Lasting Battery itel, a global leader in affordable and…
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A call for environmental justice: Amplifying Africa’s voice in the global climate discourse
In the heart of the Arabian desert, where dreams rise from the sands, the United Arab Emirates welcomed the world…
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Yuletide: Households to pay more for rice, other items as food inflation rises to 32.84%
Nigerian households are expected to spend more of their December income on food items such as rice, bread, yam, vegetables,…
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Presidency says Nigerian energy companies are expecting $13.5 billion in 12 months
The presidency has disclosed that energy companies in Nigeria are expecting investments worth $13.5 billion within the next 12 months.…
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NGX Extends Rally by 0.22% as Infinity Trust Closes as Best-Performing Stock
By Dipo Olowookere Infinity Trust Mortgage Bank ended Thursday’s trading session as the best-performing stock on the floor of the…
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OPay reacts as concerns mount over weak KYC, account impersonation
Fintech company, OPay, has reacted to the viral video showing how people could open an OPay account in another person’s…
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Nigerian Unlisted Securities Market Closes Flat
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed in a stalemate on Thursday after the major performance indicators…
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Inflation rate rises to 28.20% for November as Nigerians enter yuletide season
In November 2023, the overall inflation rate rose to 28.20%, surpassing the October 2023 rate of 27.33%. This indicates a…
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