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PZ to exit Africa amid plunge in revenue

PZ Cussons Plc has announced that it has started a strategic assessment of its business in Africa, with a view of exiting the continent, which is particularly attributed to economic challenges in Nigeria such as inflation and the devaluation of the naira, which has significantly impacted the company’s sales and operations, resulting in a 48 […]

Bankers oppose removal of retained earnings in CBN terms
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CBN’s moves to stabilise naira commendable – Osun cleric

The aggressive policies introduced by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to stabilise the naira have been commended by the Diocesan Bishop of Ife, Rt Rev. Olubinmi Akinlade. This disclosure was made by Akinlade in a statement on Tuesday ahead of the first session of the 12th synod of the Diocese […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
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Fuel scarcity hits Abuja, five other states as queues return

There were Long queues as many filling stations were closed in Abuja and about five other states on Wednesday as a result of scarcity of Premium Motor Spirit, also known as petrol. Thousands of commuters in the Federal Capital Territory, Nasarawa, Niger, Gombe, Sokoto, and Anambra states, due to the scarcity of PMS were left […]

US seeks three-year jail term for ex-Binance CEO
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US seeks three-year jail term for ex-Binance CEO

The U.S. prosecutors are seeking a three-year prison sentence for Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange. This comes after Zhao pleaded guilty to violating laws against money laundering. Prosecutors argue that a longer sentence than the recommended 18 months would reflect the seriousness of his violations and […]

We're going nowhere, TikTok CEO reacts to US ban
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We’re going nowhere, TikTok CEO reacts to US ban

TikTok’s CEO expressed confidence on Wednesday that the company would overcome a legal challenge against newly enacted legislation signed into law by President Joe Biden, which aims to ban the popular short video app used by 170 million Americans. In a video posted shortly after Biden signed the bill, CEO Shou Zi Chew reassured users, […]

FilmHouse co-founder Moses Babatope to launch new media company
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FilmHouse co-founder Moses Babatope to launch new media company

Co-founder of Filmhouse Group and former Managing Director of FilmOne, Moses Babatope, is gearing up to unveil a new media and entertainment venture. The announcement of this venture was made in a statement on Wednesday. Addressing rumors of a non-compete agreement with his former companies, Babatope clarified that such claims were false. “There are rumors […]

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NBTI generates over 22,000 direct employment opportunities – DG

The National Board for Technology Incubation has said it generated over 22,000 direct employment opportunities through its community incubation centers nationwide since its establishment in 2005. This was disclosed by the Director-General of NBTI Dr. Uchenna Chukwu in an interview in Abuja on Wednesday, according to nairametrics. Chukwu pointed out that through its community incubation […]

Nigeria Exchange in decline two weeks in a row
News

Stock market loses N673bn after 119.24 points drop

The Nigerian Stock Exchange closed on a bearish note as selloffs overtook buying activities. The All Share Index dropped by 1,190.24 points to settle at 98,121.30, indicating widespread investor pessimism compared with its previous level of 99,311.54, according to the NGX group. The market capitalisation also declined by about N673 billion, compared to the previous […]

TikTok removes more Universal Music songs as conflict worsens
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TikTok under fire as US mandates sale within a year

Alex Omenye President Biden took action on Wednesday by signing a law aimed at prohibiting Chinese-owned TikTok unless it undergoes a sale within a year. This move represents the most significant threat yet to the future of the video-streaming app in the United States, escalating tensions in America’s tech conflict with China. However, immediate disruptions […]

EFCC investigating Sirika's Nigerian Air deal – Keyamo
Aviation

Keyamo inaugurates committee to enhance aviation safety

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, on Tuesday inaugurated the National Executive Safety Committee to boost safety in Nigeria’s aviation sector. This was disclosed in a statement via post on the official X handle by the Nigeria Civil Aviation Authority on Wednesday. In the statement, the Committee was established in accordance […]

News

Multichoice Nigeria hikes DStv, GOtv subscription prices

Multichoice Nigeria, a Pay-TV operator, has announced a hike in the price of its DStv and GOtv packages This follows the initial price review implemented on May 1, 2023. The latest price hike shows that the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while […]

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