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Economic hardship: Senator advises Tinubu to hold national stakeholders meeting
Economy

Economic hardship: Senator advises Tinubu to hold national stakeholders meeting

A lawmaker from Osun Central, Senator Ajagunnla Olubiyi Fadeyi, has advised President Bola Tinubu to call an urgent national stakeholders engagement forum to discuss long-term solutions to the country’s severe challenges, as the cost of living crisis worsens amid rising levels of insecurity. The Punch stated that Fadeyi expressed her appreciation to the President for […]

MPC to raise interest rates on Monday despite high inflation - Analysts
Business

MPC to raise interest rates on Monday despite high inflation – Analysts

Meristem Research analysts predict that the newly created Monetary Policy Committee would raise the Monetary Policy Rate during its meeting on Monday and Tuesday. According to BusinessDay, the experts stated in Meristem’s macroeconomics report that the MPC would be concentrating on discussing a~ number of topics, such as evaluating the disinflation patterns seen in developed […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin holder Micro Strategy loses $440K to hackers

By Alex Omenye MicroStrategy Inc., recognized as the largest publicly traded corporate holder of Bitcoin, experienced a security breach, resulting in a loss of $440,000 for unsuspecting users. The incident, currently under scrutiny by crypto security analysts, unfolded when an adept attacker strategically posted and subsequently deleted content on MicroStrategy’s X page. The deceptive post […]

Why affordable housing can't be realistic in Nigeria - Developers
Business

Why affordable housing can’t be realistic in Nigeria – Developers

By Melvin Onwubuke Developers have proposed better regulations to citizens access to land in the housing sector. This follows a media briefing in real estate/reporter’s workshop held recently in Abuja tagged “Promoting Real Estate Investment Through Informed Media Alliance and Sustained Professionalism” as reported by The Punch. Segun Abolaji, the Managing Director of Leisure Estate […]

UK job vacancies drop 15% year over year in January - Report
News

UK job vacancies drop 15% year over year in January – Report

Employment opportunities in the UK decreased by 15% in January compared to the same month last year according to data released by employment data company, Adunza. According to Reuters, the report revealed that British companies posted the fewest job advertisements in over three years last month, with a 15% decrease from the same month a […]

Developers lament price surge, failing revenue
Real Estate

Developers lament price surge, failing revenue

Developers are worried about how growing building material costs may affect their bottom line. The PUNCH stated that, during the launching of Kingsize Place in Oregun-Ikeja, Lagos on Saturday, they voiced their concerns. Developers are facing difficulties due to the growing cost of construction materials, according to CEO of Hontar Projects, Deji Fasunwon. He stated, […]

BUA Foods record revenue, profit growth despite challenges
Business

BUA Foods record revenue, profit growth despite challenges

BUA Foods Plc reported a notable rise in revenue that drove profit and most likely affected the return to shareholders despite macroeconomic constraints. According to ThisDay, the company hasn’t disclosed a dividend payment to shareholders yet. In its unaudited result and account for the full year ended December 31, 2023, the food company, which produces […]

Ministry of Housing collaborates with surveyors on data
Housing

Ministry of Housing collaborates with surveyors on data

By Melvin Onwubuke The Federal Ministry of Housing and Urban Development has announced, that it will partner with the Nigerian Institute of Surveyors on geographical data gathering. This was contained in a statement, signed by the Housing Minister, Ahmed Dangiwa , when visited by members of the Surveyors Institute recently in Abuja, according to The […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Telecommunications

Nigeria’s 5G subscription hits 2.3m

By Alex Omenye   Nigerian Communications Commission, the number of 5G subscriptions in the country experienced a significant uptick, reaching 2.3 million in December 2023, according to data from the Nigerian Communications Commission. Despite this growth, it represents just 1.04% of the total active telephone subscriptions, which stood at 124.7 million by the end of […]

Uber support Nigerian vehicle-financing startup Moove
Tech

Uber support Nigerian vehicle-financing startup Moove

Uber Technologies Inc. is currently in discussions to support African vehicle-financing startup Moove in a potential funding round reaching up to $100 million, according to a report by Bloomberg. Established in 2020 by British-born Nigerian entrepreneurs Ladi Delano and Jide Odunsi, Moove is a global mobility fintech born in Africa. It specializes in providing revenue-based […]

FG targets 1,268MW from new hydropower plants
News

FG targets 1,268MW from new hydropower plants

Melvin Onwubuke The Federal Government from concessions and development of eight brown and green field projects, is expecting 1,268 megawatts of power, constructed through public-private partnership. The power projects have already been given to concessionaires, while the Federal Executive Council has also approved the concession of another power project as The Punch reported. It was […]

Business

Climate Foundation, NESG partner to pilot energy transition plan

By Melvin Onwubuke The African Climate Foundation and National Economic Summit Group are partnering to provide, private sector support for Nigeria’s energy transition plan. This was disclosed on Saturday at a workshop tagged “Private Sector Stakeholders Engagement Towards a Successful Nigeria’s Energy Transition,” according to Daily Trust. The focus was to strengthen the public – […]

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