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Lasaco Assurance raises ₦19.3bn in rights issue

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Cash outside banks drop to ₦4.92trn, lowest in months

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Lasaco Assurance raises ₦19.3bn in rights issue

Business

Nigeria, Netherlands deepen partnership on migration, human smuggling

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United Capital posts ₦24.8bn pre-tax profit in H1 2026

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Oil and Gas

Shell completes offshore FPSO’s maintenance

Shell Nigeria Exploration and Production Company Limited has announced the completion of the Turn Around Maintainance of its offshore Floating Production Storage and Offloading Vessel, titled: ‘Bonga’.   The company’s Media Relations Manager, Abimbola Essien-Nellson made this announcement in a statement on Monday.   According to the Tide, the completion of the mandatory overhaul of […]

M-Pesa
News

Vodacom, MultiChoice partner on app development

Vodacom Tanzania has announced a partnership with MultiChoice Tanzania’s DStv, allowing subscribers to access the digital television service through the M-Pesa app via the MyDStv App. The mobile operator acknowledged that it wants to turn M-Pesa into a Super App and ecosystem that other apps can operate and integrate into, much like the Google Play […]

Telkom
News

South Africa’s Telkom under pressure as shares plummets

South African company, Telkom is facing pressure on its profit margins as its share price falls by more than 30 percent over the last month. It was gathered that this was a result of poor results and the failure of telecommunication giant, MTN to take over the operator. The company had earlier warned its stakeholders […]

Kitack-Lim’s
Economy

World economy needs Nigeria – IMO

The Secretary-General of the International Maritime Organisation, Kitack Lim, has reiterated the importance of Nigeria to the growth of the world’s economy. This was disclosed through a press statement signed by the Assistant Director, Public Relations, Nigerian Maritime Administration and Safety Agency, Osagie Edward, in Lagos. Kitack, in his address at a ‘meet and greet’ reception […]

Tech

Egypt’s Grinta raise $9.5m for tech project

Egypt’s digital pharmaceutical platform, Grinta, has raised over $8 million Seed funding to facilitate the growth of its full-stack tech platform, team expansion and growth across the Egyptian market.   According to Techeconomy, the event was co-led by Raed Ventures and Nclude, with participation from investors including Silicon Valley-based Endeavor Catalyst and 500 Global, bringing […]

Banking

Access bank launches tech-modified agents’ kiosks

Access Bank commissioned and empowered Access Closa agents across Nigeria with Solar powered fiber kiosks.   According to a statement by the bank, the technologically modified kiosks are expected to support their business and boost the visibility of their locations.   This, the financial institution said, would help to provide more than banking services to […]

Aviation

Black Friday: Arik Air woos travellers with 15% discount

Arik Air has declared a Black Friday ticket sales offer in an effort to lower costs and encourage air travel among Nigerians. The airline stated that consumers will be able to receive a 15% discount on all tickets bought during the indicated time frame thanks to the sales offer. Sales for Black Friday 2022 tickets […]

featured News

Toyota unveils new all-electric SUV model

Automotive Manufacturer, Toyota, has unveiled a new all-electric SUV model. According to Techcrunch, the newly released model is designed with plant-based seating and an AI “personal” assistant as the automaker expands its “beyond zero” portfolio. The company has also revealed that it plans to launch 30 fully electric vehicles, including five under the bZ (“Beyond […]

Crypto featured

Binance unveils new investment platform

Crypto firm, Binance, has unveiled a new cryptocurrency investment called Binance Smart Chain to provide investors with a daily percentage dividend of 3%. The investment company stated that only consumers who participated in its presale were eligible for the three percent daily percentage. According to a statement made by the company, BSC Stake was an […]

Liang
Business

Nigeria: UK to fund women-owned businesses with $100m

The British High Commissioner to Nigeria, Ms Catriona Laing, Wednesday said the United Kingdom government has launched a $100 million program through the First Bank of Nigeria as direct funding to women-owned enterprises in Nigeria. Laing made this known at the ongoing Gender and Inclusion summit organised by the Policy Innovation Center, an initiative of […]

Crypto featured

Crypto turmoil not surprising, says ECB

The recent collapse of a major cryptocurrency exchange platform that has sent shockwaves through the largely unregulated sector is “not a surprise”, a top European Central Bank official said Wednesday. The popular FTX platform filed for bankruptcy in the United States last week with a reported $8-billion hole in its finances, sparking a confidence crisis […]

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