business
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Business News
Shareholders Okay Access Holdings Capital Raising Plan, N1.80 Dividend
By Aduragbemi Omiyale The capital raising plan of Access Holdings Plc was on Friday, April 19, 2024, approved by shareholders…
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Business News
Israel-Iran conflict triggers Bitcoin to temporary dip below $60,000
Bitcoin experienced a temporary dip below $60,000 on Friday morning after news broke that Israel had launched retaliatory missile strikes…
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Business News
Nigeria to become Africa’s fourth largest economy in 2024 – IMF
Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria,…
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Business News
French banking giant, BNP Paribas, to face lawsuit over Sudan genocide
French bank BNP Paribas was ordered by a US Judge to face a lawsuit accusing the French bank of aiding…
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Business News
Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
The Federal Government has set aside N16.1 billion monthly for the settlement of N1 trillion debts owed by state governments.…
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Business News
Customs reduces exchange rate for import duties payment by N91.1
The Nigeria Customs Service (NCS) has reduced the exchange rate for import duties collection from N1238.1 to the dollar to…
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Business News
Transcorp Power reports N28.772 billion pre-tax profit in Q1 2024
Transcorp Power Plc has reported a pre-tax profit of N28.772 billion for the Q1 ended March 31, 2024. This represents…
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Business News
NAFDAC raids popular supermarkets in Abuja, seizes counterfeit products worth N50 million
The National Agency for Food and Drug Administration and Control (NAFDAC) executed a series of raids across popular shopping outlets…
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Business News
Nigeria to Lose Africa’s Largest Economy Status, Drop to Fourth—IMF
By Adedapo Adesanya Nigeria is likely to lose its status as Africa’s largest economy and drop to fourth place this…
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Business News
Elon Musk threatens to suspend X accounts doing engagement farming
The owner of X, Elon Musk, has said he will suspend all accounts found to be doing engagement farming on…
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Business News
50.5% of Nigerian Children Engage in Economic Activities—NBS
By Adedapo Adesanya Data has shown that 50.5 per cent of Nigerian children, aged between 5 and 17, are engaged…
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Business News
UAE’s Travel & Tourism sector to expand, creating 23,500 jobs this year
The travel and tourism industry’s impact on the United Arab Emirates (UAE) economy is set to expand, with an addition…
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Business News
Wema Bank announces call for entries for its youth-focused hackathon, hackaholics 5.0
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the Call for…
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Business News
Nigeria Will Explore Advantages of Population, Technology—Shettima
The Vice President, Mr Kashim Shettima, has expressed optimism that Nigeria would become a major economic force in the world…
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Business News
President Tinubu establishes national education data system for all levels of education nationwide
President Bola Tinubu has approved system-wide policies aimed at enhancing learning, skill development, enrollment, and safeguarding the academic future of…
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Business News
Immigration Places Yahaya Bello on Seelist
By Adedapo Adesanya The Nigerian Immigration Service (NIS) has put the immediate past Governor of Kogi State, Mr Yahaya Bello,…
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Business News
Naira stays stronger at black market amid a mixed bag of U.S economic data
The Nigerian naira held its value against the US dollar in the black market, but it slightly declined in the…
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Business News
Ecobank Repays $500m Eurobond at Maturity
By Aduragbemi Omiyale The $500 million Eurobond issued to investors by Ecobank Transnational Incorporated in April 2019 has been redeemed…
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Business News
NBS 2022 report cites high prevalence of coercion in withholding wages by employers, others
The National Bureau of Statistics (NBS) reported that in 2022, the most prevalent form of forced labour is coercion in…
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Business News
FG will require N3.2 trillion to subsidise electricity in 2024 without tariff hike- NERC
The Federal Government asserts it needs approximately N3.2 trillion to subsidize electricity in 2024 should the current tariff hike be…
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