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Customs uncovers 399 firearms, rifle parts at Tin Can

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FG spent ₦3.14trn servicing domestic debt in Q1 —

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CAC registers 330,000 small enterprises
Business

CAC extends deadline for filing annual reports to April

The Corporate Affairs Commission has approved an extension of time for corporations to file annual returns, moving the deadline from January 1, 2024 to April 1, 2024. This was revealed in a message obtained on the commission’s official X feed on Thursday, December 28, 2023. Earlier in November, the commission said that it will remove 91,843 […]

Dangote Sugar loses N172bn in forex, ends 2023 with N108.9bn loss
Business News

Dangote ranks second best performing Sub-Saharan African company

Dangote Group has emerged as the second-best performing company in Sub-Saharan Africa in 2023. In a report compiled by African Financials, the business consultancy firm, South Africa’s MTN Group, Dangote, and other companies have been extraordinary all year round as they stand as the top 30 companies in Sub-Saharan Africa, aside from South Africa. Except […]

Electricity

Nigeria’s Transmission Company receives seven new transformers

The Transmission Company of Nigeria stated on Thursday that it has received an additional seven power transformers to supplement Lagos’ electricity supply. Arise News reported that according to TCN’s General Manager, Public Affairs, Ndidi Mbah,  the new transformers would significantly boost the government-owned entity’s delivery capability. “The Akangba 330/132kV transmission substation recently received seven new power […]

New year: Banks to close early on Friday
Banking

New year: Banks to close early on Friday

Juliet Buna Financial institutions have said customers have been 8 am and 1pm or 3pm, depending on the bank, to do their transactions on Friday. This is against the usual 8 am and 4 pm work schedule. The development is hinged on the upcoming New Year celebration. Consequently, the banks have directed their customers to […]

Binance opens crypto trading to Syrians after US lifts sanctions
News Tech

India blocks Binance, nine other over ‘illegal’ operations

Nine international cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, are allegedly operating “illegally” in India without abiding by the local anti-money laundering act has been blocked in India. The Financial Intelligence Unit, an Indian government agency that monitors financial transactions, said on Thursday and requested that the IT Ministry block their websites. All nine […]

Nigeria to develop cNGN Stablecoin in 2024 - Report
Crypto featured

ICYMI: Nigeria to develop cNGN Stablecoin in 2024 – Report

Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency trading through official channels. The new stablecoin cNGN is being developed by a consortium of Nigerian banks, fintechs, and blockchain businesses and will be consistent with the regulations set by the stakeholders and controlled Naira […]

NGX Group reports N5.2bn after tax
Business

NGX sees record gains as market cap surpasses N40trn

The All-Share Index increased by 0.99% to close at 74,502.58 points, a new all-time high for the NGX, which posted gains today after posting losses yesterday. Equities gained N402 billion as the market capitalization closed at N40.769 trillion, up from N40.367 trillion yesterday. MTN Nigeria and Dangote Cement lead the market gainers with 4.58% and […]

Tinder introduces exclusive $499 monthly sub for elite users
News Tech

Tinder introduces exclusive $499 monthly sub for elite users

Dating platform, Tinder has made a $499 monthly subscription option is now available to users, but only if they are invited and successfully complete the application procedure. Users of Tinder SELECT are rewarded with benefits that go beyond what the typical swiper gets. Users can see and be seen by the “most sought after profiles” […]

Baidu denies data breach allegations after exec's daughter's leak
News Tech

Baidu AI bot hits 100m users

More than 100 million people have signed up for Baidu’s ChatGPT-like Ernie Bot, according to Wang Haifeng, the Chinese internet giant’s chief technology officer, announced on Thursday. The search engine giant revealed the user base milestone during a deep learning summit in Beijing, following the public launch of Ernie Bot in August. A partial debut […]

eNaira transactions rise 284% in August - CBN
Business

eNaira transactions rise 284% in August – CBN

The Central Bank of Nigeria has recorded a 284.6% rise in the transaction volume of its digital currency, eNaira, for August 2023. Nairametrics reported that the central bank said this in its Monthly Economic Report for August 2023 where it also stated that the eNaira hit N9.78 billion in August. Although the monthly eNaira increase was […]

The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria, Jim Obazee, has insisted that the Titan Trust
Business

Emefiele: TTB’s Lemo, others risk shares forfeiture, CBN investigator warns

The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria, Jim Obazee, has insisted that the Titan Trust Bank Chairman, Tunde Lemo and the bank’s two major investors appear before it today to prove that their acquisition of Union Bank of Nigeria, followed due process or risk losing the financial institution to the Federal Government. […]

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