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NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

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Nigeria’s oil demand to decline by 61% – AA Holdings

The Chairman of AA Holdings, Austin Avuru, has said that there would be a 61% decline in the global market demand for Nigerian crude oil by 2060. According to The Punch, this statement was made during the pre-conference workshop of the Nigerian Association of Petroleum Explorationists 2023 conference, which was held in Lagos recently and had as its […]

MTN launches microinsurance arm 'Cover by MoMo' in Uganda
News

MTN raises N52.89bn through commercial papers

  MTN Nigeria successfully raised N52.89 billion through its Series 8 & 9 Commercial Paper issuance, part of its N250 billion Commercial Paper Issuance Programme. The completion of the CPs was disclosed in a filing with the Nigerian Exchange Limited after last Thursday’s announcement. The fully subscribed offer included 182-day commercial papers with a 14% […]

NGX halts trading of delisted-GSK shares
Business

GSK shareholders express concern over N1.274bn unclaimed dividends

GlaxoSmithKline Consumer Nigeria Plc’s unclaimed dividend of N1.274 billion has alarmed shareholders following the company’s delisting from the Nigerian Exchange Limited and termination of operations in the country. According to The Punch, after more than 50 years of operation, GSK declared in August that it would cease operations in Nigeria and switch to a distributor-led […]

Oil and Gas

Oil sector gained zero foreign investment in Q2 – NBS

National Bureau of Statistics has stated that the country’s oil and gas industry failed to draw any foreign investment for the first time in Q2 2021 despite the worldwide push for cleaner energy. According to the NBS’s “Nigeria Capital Importation Q2” report, between January and June, the Federal Government was unable to persuade IOCs to make […]

How Nigeria's economic reforms affected MTN - CEO
News

How Nigeria’s economic reforms affected MTN – CEO

By Christian George   The Chief Executive Officer of MTN, Ralph Mupita, said that the economic reforms in Nigeria are a shock to the company. The telecom boss, in an interview on Bloomberg Television aired on Thursday, stressed that it might take the company more time to recover from the pain. He expressed optimism that […]

White House leads TikTok acquisition deal
News Tech

TikTok moves to revamp creator fund

TikTok has updated its creator funds to allow creators to make more than 20 times what they made before with its new Creativity Programme. For chattier TikTokers, this is fantastic news, but for other creators, TikTok’s rewards have never really been that helpful in the first place. On December 16, TikTok’s Creator Programme will replace […]

Unions reject plans to revisit ports, harbour bill
Business

Unions reject plans to revisit ports, harbour bill

Members of the Senior Staff Association of Statutory Corporations and Government-owned Companies, as well as the Maritime Workers Union of Nigeria, are against the National Assembly’s plan to review the Ports and Harbour Bill. According to The Punch, it was announced at a joint news conference held in Lagos recently by the two unions. Remember […]

Spain to partner Nigeria on marine security
News

Spain to partner Nigeria on marine security

The Spanish Navy has reaffirmed that it will work with the Nigerian Navy to address maritime insecurity in the Gulf of Guinea. The Punch reported that the Spanish ambassador to Nigeria, Juan Jell, made this statement on Monday night in Apapa, Lagos, during the warship Bam Tornado’s welcome party. According to Jell, the exercise was a component […]

MeCure Industries lists on NGX
Business

MeCure Industries lists on NGX

MeCure Industries Plc listed on the Nigerian Exchange Limited and has revealed plans to raise capital through an Initial Public Offering. The Punch revealed that this was said during the Facts Behind the Listing presentation on Wednesday at the NGX. The Senior Vice President and Chief Financial Officer, Ifedamola Oluwasegun, stated, “Today, we are listing by introduction, […]

featured

Why stocks may yield higher profits than cryptocurrencies – Stockholders

Stockholders in the capital market have said that the equities market can deliver greater returns for young Nigerians than bitcoin and foreign exchange trading. According to The Punch, this information was revealed at the “Deepening Financial Inclusion in the Retail Investor Ecosystem” NGX Regulation Retail Investor Workshop. Speakers at the event made the point that youths may […]

Court jails Grand Theft Auto VI hacker for life
Business

Grand Theft Auto trailer to be released December

Alex Omenye Take-Two Interactive Software, the company behind “Grand Theft Auto has announced that a trailer for the newest game in the popular videogame series will be released early next month after years of anticipation. The “Grand Theft Auto VI” teaser will be released over ten years after the release of its predecessor and in […]

Old, new naira notes remain legal tender - CBN
featured

Old, new naira notes remain legal tender – CBN

  The Central Bank of Nigeria has directed all its branches across the country to maintain a steady supply of both old and redesigned banknotes in different denominations to commercial banks. This decision was communicated through a statement signed by the Director of Corporate Communications, Isa AbdulMumin, at the central bank, and posted on its […]

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