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N130bn Sukuk listed on NGX, FMDQ - DMO
Business

N130bn Sukuk listed on NGX, FMDQ – DMO

The Presidency’s Debt Management Office announced the listing of N130 billion in sovereign sukuk on the Nigerian Exchange and FMDQ on August 8, 2023. This information was provided in a statement from the debt management office. The successful oversubscription of the N100 billion launched in November 2022 led to the listing of this security. This […]

IFRS17: AXA Mansard revenue rise by 12%
Business

IFRS17: AXA Mansard revenue rise by 12%

Due to the implementation of the IFRS17 and IFRS9 accounting standards, AXA Mansard Insurance plc, a part of the AXA Group, reported a 12% increase in revenue for the second quarter ended June 30, 2023. A new accounting standard was implemented on January 1, 2023. As a result of the change in accounting standards, gross earned […]

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

NCC confirms MAFAB 5G launch, debunks contrary reports

The Nigerian Communications Commission has stated that MAFAB Communications, its second 5G licensee, has rolled out 5G service, in contrast to allegations that the company has not launched 2 years after it was granted a license. Stakeholders are worried that the company, which had a media launch in January this year, has not been able […]

Aradel Holdings, two others increase NASD OTC bourse by 1.13%
Business

NASD OTC bourse rises by 4.27% to N1.12 trn

The market capitalization of the NASD Over-the-Counter Securities Exchange increased by 4.27 percent on Wednesday, August 2, reaching a record high. According to Business Post, the NASD OTC bourse’s value surged during the session by N45.88 billion to N1.120 trillion from N1.074 trillion the previous day as the NASD unlisted securities index increased by 33.17 points to […]

Hacker group Anonymous Sudan hits Nigeria with cyberattacks
News Tech

Hacker group Anonymous Sudan hits Nigeria with cyberattacks

The well-known hacktivist collective Anonymous Sudan has taken notice of Nigeria’s recent engagement in the political crisis in nearby Niger. The organisation has admitted that it was behind a string of Distributed Denial of Service (DDoS) assaults on the nation’s digital infrastructure. The National Information Technology Development Agency (NITDA), a government organisation, verified this claim. […]

X: How verified Twitter users can hide blue tick
Tech

X: How verified Twitter users can hide blue tick

Following the evolution of X, formerly Twitter’s features, users can now exercise greater control over their profile visibility by concealing the iconic blue verification tick. Exclusive to Twitter Blue subscribers, this new option enables individuals to manage the presence of the blue checkmark on their profile and posts. By following a few simple steps, users […]

10 things to know about capital market investment
Economy

Stock market gains N41bn – Report

By Christian George     The stock market recovered on Wednesday with a N41 billion gain after five uninterrupted sessions of losses.   The overall capitalization rose by N41 billion on investor interests in NASCON Allied Industries and 30 others.   The All-Share Index gained 75.16 points, representing a gain of 0.12 per cent to […]

Laptop dealers struggle amidst high costs, low demand
Business

India bans foreign importation of laptops, tablets

In the bid to bolster local manufacturing, the Indian government has swiftly imposed restrictions on imports of laptops, tablets, and personal computers, as announced in a notice on Thursday. This move signifies a resolute effort to stimulate domestic production, with the notice stating, “Their import would be allowed against a valid license for restricted imports.” […]

AMCON’s new DG will improve debt recovery, says commentator
Business

350 debtors owe AMCON N3.95tr – MD

The Asset Management firm of Nigeria announced that 350 of its top creditors owe the firm N3.95 trillion.  According to The Nation, the Managing Director, Ahmed Kuru made this statement as he claimed that the judiciary’s assistance was necessary for the debt recovery, which came in the form of cash and asset sales. He was speaking […]

NERC makes N5.63bn in 2023 Q3
Electricity

NERC gives condition for DisCos to pay consumers

The Nigerian Electricity Regulatory Commission has made a case for electricity consumers who get poor service delivery from their Distribution Companies.   It said that electricity consumers can get compensation for poor service delivery when the distribution company they are connected to fails to provide 90 per cent of electricity hours due to them in […]

Addidas cuts expected loss as Yeezy demands soar
Uncategorized

Addidas cuts expected loss as Yeezy demands soar

Sportswear giant, Adidas, has projected a minor dip in 2023 sales, outperforming earlier forecasts. The brand attributed this positive shift to the release of its coveted Yeezy shoes, which not only invigorated the market but also curtailed anticipated losses for the year. This upgraded outlook comes on the heels of a remarkable 40% surge in […]

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