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Bitcoin hits $30,000 as Crypto investors' confidence surges
featured

Bitcoin hits $30,000 as Crypto investors’ confidence surges

The crypto market is finally experiencing a much-needed resurgence following weeks of pressure and consecutive interest rate hikes from the US. On Thursday, June 22, Bitcoin made a significant profit of five percent, reaching a price point of $30,248. This breakthrough marks the first time in weeks that the leading cryptocurrency has managed to break […]

NAHCO Director acquires additional shares worth N9.8m
Uncategorized

NAHCO’s profit jumps by 315% to N3.8bn

Profit Before Tax for the Nigerian Aviation Handling Company, NAHCO Plc, in its 2022 fiscal year was N3.8 billion, up 315 percent from N925 million in the prior year. Vanguard reported that the ground-handling aviation company also saw a 63% increase in revenue, from N10.2 billion the year before to N16.7 billion. Speaking during the company’s Annual General […]

Africa to receive bulk of Bill Gates $200bn funds
News

Why migration is good for Nigerian professionals- Bill Gates

Co-founder of Microsoft and philanthropist, Bill Gates,  commented on the recent rise in the number of young Nigerian professionals leaving the country in search of better opportunities and said that the japa syndrome is good and healthy for Nigeria. According to The Times, on Wednesday, June 21, 2023, Bill Gates revealed this in response to a […]

Foreign travellers to price tickets N770/$1 from N663/$1
News

Foreign travellers to price tickets N770/$1 from N663/$1

      There are compelling indications that global airfares, particularly on Nigerian routes, may experience a significant increase as the International Air Transport Association has set the exchange rate of $1 to N770 on Wednesday. The protracted inability of international airlines to repatriate their ticket sales for a significant duration has been a contributing […]

Flutterwave’s non-code platform Disha temporarily shuts down
Business

Flutterwave partners Audiomack to expand opportunities for African artists

Flutterwave, Africa’s top payments technology firm, is happy to announce a strategic relationship with Audiomack, the infinite music-streaming and discovery platform. According to Nairametrics, with the help of this partnership, Audiomack can charge its users and artists for access to additional features and premium music experiences. With a significant presence in virtually all 54 African […]

FGN Bonds' value decreases by 93.2% to N183bn
Business

FGN Bonds’ value decreases by 93.2% to N183bn

In the first five months of this year, the value of listed Federal Government of Nigeria bonds on the Nigerian Exchange Limited has dropped dramatically by 93.2 percent to N183 billion from N2.7 trillion in the same period of 2022. According to Vanguard, the results from the Exchange show that the majority of the bonds listed on […]

NBC, UNILAG partner on sustainable plastic waste management
Business

NBC, UNILAG partner on sustainable plastic waste management

The University of Lagos and Nigerian Bottling Company Ltd. on Tuesday officially launched the Green Eco Hub initiative at the university’s Campus in Yaba, Lagos. The Punch reported that the project entails the setup and operation of four drop-off locations for the collection of post-consumer PET bottles for recycling, a sustainability learning center to educate and raise […]

NEITI to release old data, says global body
featured

Subsidy: NEITI faults fuel consumption data, begins investigation

The Nigeria Extractive Industries Transparency Initiative has stated that the high PMS consumption data being given by some government entities were false and that research to ascertain Nigeria’s actual fuel consumption had been launched. The Punch reported that the Executive Secretary of NEITI, Ogbonnaya Orji, said this on Tuesday in Abuja while speaking to the press on the sidelines of […]

FG owes N100bn electricity bill debt - Distributors
Electricity

Kwara electricity consumers owe over N50bn – IBEDC

By Wilson Adekumola   The consumers in Kwara State was reportedly owing Ibadan Electriciry Distribution Company the sum of N50 billion naira.   The company’s Lead Media Relations, Mrs Busolami Tunwase, made this known while speaking with journalists during a stakeholders meeting on Tuesday in Ilorin, the state capital.   Tunwase disclosed that the market […]

Airport security makes five arrests daily - FAAN
Aviation

FAAN, Enugu govt partner to turn airport into aviation hub

The Federal Airport Authority of Nigeria has partnered with the Enugu State Government led by Governor Peter Mbah, to transform the Akanu Ibiam International Airport into an Aviation hub for tourism in the state. The agency made this known on Monday in a statement, as it shared pictures from their visit to the Governor, presenting […]

Nigeria has best return on investments, Tinubu tells Indian investors
Economy

FG to boost economy with Cassava Bioethanol project

President Bola Tinubu as well as the Nigerian government is implementing additional measures such as the Cassava Bioethanol project to increase economic output. Nairametrics reported that the upcoming introduction of regional awareness and sensitization workshops intended to strategically implement the cassava bioethanol project will be held in each of the six geographical regions of the country, with Enugu State […]

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