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Finance ministry demands legal basis for N680m NAICOM

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NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

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NITDA urges regulatory collaboration to support emerging technologies

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Finance ministry demands legal basis for N680m NAICOM charges

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Netizens react as Lagosians storm Tinubu's home for Christmas
News

Netizens react as Lagosians storm Tinubu’s home for Christmas

Some Lagosians have surrounded President Bola Ahmed Tinubu’s residence in Ikoyi, Lagos State, for Christmas. According to a video shared by BusinessDay, many Nigerians were captured sitting and standing in front of Tinubu’s residence. This happened at a time when people are struggling financially coupled with the hike in price of foods this holiday season. The video […]

Apple halts sale of smartwatches in US
News Tech

Apple halts sale of smartwatches in US

Apple has ceased sales of its latest Apple Watch models in the United States following President Joe Biden’s decision not to enact an emergency measure to allow the continued sale of the popular smartwatch. The decision came as President Biden did not act by the end of Christmas Day to overturn a ruling by the […]

Libya's stock exchange resumes trading after nine-year closure
Business

Libya’s stock exchange resumes trading after nine-year closure

Libya’s Stock Exchange started trading on Monday at a facility in the capital Tripoli, after being closed for more than nine years due to the political and security situation. Arise News reported that the he prime minister of the Government of National Unity, Abdulhamid al-Dbeibah, and the market’s chairman of the board of directors, Bashir […]

Emefiele: Titan Bank chairman, others summoned by CBN investigator
Banking News

Emefiele: Titan Bank chairman, others summoned by CBN investigator

The Special Investigator from the Central Bank of Nigeria, Jim Obazee, has summoned the chairman of Titan Trust Bank, Babatunde Lemo, for an inquiry related to TTB’s acquisition of Union Bank of Nigeria Plc. “Please, refer to your discussion with the Special Investigator earlier today regarding the offensive defence that your good self issued in […]

Ethiopia defaults on $1bn bond repayment
Business News

Ethiopia defaults on $1bn bond repayment

Ethiopia has defaulted on a $1 billion bond, failing to make a $33 million interest payment after the expiry of a grace period on Monday. Situated in the Horn of Africa, the country was due to pay this interest amount on December 11. However, as Finance Minister Ahmed Shide explained on state TV on Thursday, […]

'Russia's Google' Yandex delays restructuring to 2024
News Tech

‘Russia’s Google’ Yandex delays restructuring to 2024

The anticipated restructuring of Yandex, a Nasdaq-listed Russian technology company often dubbed “Russia’s Google,” is likely to be delayed until early 2024, Reuters reported. Yandex, a standout among Russian corporations with its potential for global expansion, faced significant challenges following Russia’s military action in Ukraine in February 2022. For over a year, Yandex has been […]

Travel agencies back FCCPC investigation into excessive airfares
Aviation

Travel agencies back FCCPC investigation into excessive airfares

The President of the National Association of Nigeria Travel Agencies, Mrs. Susan Akporiaye, has welcomed the announcement by the Federal Competition and Consumer Protection Commission to probe Nigeria’s ballooning airfare regime. Arise News reported that the NANTA leadership claimed in a statement that in recent times, and in response to the complaints of the Nigerian travelling […]

Loan apps: FCCPC to address rising debt with new policy
Business featured

Loan apps: FCCPC to address rising debt with new policy

The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework to address Nigerians’ growing reliance on digital money lenders, often known as loan apps. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, revealed this on Monday while appearing on a TVC live program. Irukera stated that debt to DMLs has become […]

Abuja Chamber urges FG, states to harmonize tax policies
Business

Abuja Chamber urges FG, states to harmonize tax policies

The Abuja Chamber of Commerce and Industry called on the federal and state governments on Monday to streamline the numerous tax systems in place in their respective domains. The PUNCH reported that ACCI’s newly elected President, Chief Emeka Obegolu, SAN, made the call in Abuja while sending the chamber’s greetings to Christians in Nigeria on the occasion of […]

Crypto

WFE demands tougher crypto trading regulations

The World Federation of Exchanges has stated that Crypto-Asset Trading Platforms should be subject to the same stringent regulations as existing regulated exchanges. According to The PUNCH, that was revealed in the exchange’s most recent study, titled “Good Markets for Good Outcomes: The Role of Governance in the World’s Exchanges.” The Central Bank of Nigeria […]

FG's 1,068 oil projects to generate $22.8bn investments
Oil and Gas

Oil & gas emerge best indexes on NGX – Report

In terms of year-to-date returns on the Nigerian Exchange Limited, the Growth Board and Oil & Gas were the top-performing indices as of Christmas. The PUNCH reported that other indices with outstanding returns include the banking index, NGX-AFR Bank Value Index (106.47%), the NGX AFR Div Yield Index (122.78%), and the NGX MERI Value Index […]

Christmas: Transcorp, Dangote, UBA top best performing stock
Investment News

Christmas: Transcorp, Dangote, UBA top best performing stock

On Christmas day, investors in the Nigerian Stock Exchange have navigated an economic landscape rife with challenges and opportunities to gain on the stocks they acquired. These top ten best-performing stocks, characterized by stability and excluding the usual volatility associated with penny stocks, have acted as guiding stars, leading investors to lucrative havens. Presented by […]

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