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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

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  • 7th May 2025
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Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

GPUs are the ‘currency’ for AI researchers – Nvidia

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Speculative FX demands cause of weak naira - CBN

NIMC releases revised price list for NIN services

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FAAN diverts two Kano-bound aircraft to Lagos over runway light outage

FAAN unveils modern domestic cargo facility in Lagos 

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Amazon plans stand-alone app for payments in India

Amazon enters quantum race with launch of Ocelot chip

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Crypto

Five things to know about the $DAVIDO meme coin

Alex Omenye Nigeria’s Afrobeat superstar, David Adeleke, popularly known as Davido, announced the launch of his cryptocurrency token, “Timeless Davido” ($DAVIDO), on Wednesday. This memecoin, inspired by the artist himself, joins a growing trend of celebrity-themed tokens in the crypto market. Davido shared the news on his X handle, with the official Solana account acknowledging […]

Crypto

Global cryptocurrency ownership surges to 562 million

Global adoption of cryptocurrencies has risen to 562 million, marking a 34% increase from 2023. The significant growth shows the growing reach of digital assets which are now owned by about 6.8% of the world population., according to Nairametrics. Triple A’s report revealed that there are now 562 million cryptocurrency owners worldwide, providing a detailed […]

ExxonMobil vacates Lagos office, opts for smaller space
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ExxonMobil vacates Lagos office, opts for smaller space

ExxonMobil is vacating its expansive offices in Lagos as its 33-year lease expires on Friday, Reuters reported on Friday. This move is part of the oil giant’s broader strategy to reduce its operations in Nigeria. In a similar trend, oil companies such as Shell, TotalEnergies, and Eni have attempted to exit Nigeria’s oil-rich Niger Delta […]

News

Top five banks in Q1 2024 based on pre-tax profit

Banks have continued to record impressive financial results in the first quarter of 2024, after a strong year in 2023. For instance, in the first quarter of 2024, GTCO achieved the highest profit ever recorded in the banking industry. A collective sum of N1.58 trillion in pre-tax profit was announced by eleven banks in their […]

World Bank bans Nigerian companies, CEO over fraudulent practices
News

FG secures $500m world bank loan for power distribution

The federal government has secured a $500 million loan from the World Bank aimed at improving power distribution in Nigeria’s electricity sector. This development comes in the wake of last month’s tariff increase for top consumers across the country. The Bureau of Public Enterprise announced on Thursday that the World Bank had approved the loan […]

NCC directs telecoms to audit billing systems
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NCC targets 50% quality service improvement in 2024

Nigerian Communication Commission stated that it is working towards achieving a 50% improvement in the quality of service in the telecommunications industry by year’s end. In a statement signed by its Director of Public Affairs, Reuben Mouka, the Commission highlighted the telecom regulator’s activities in the first year of President Bola Tinubu’s administration, according to […]

Banking

CIBN, ACAMB plan to boost customer satisfaction

The Chartered Institute of Bankers of Nigeria and the Association of Corporate Affairs Managers of Banks are prepared to enhance customer experience in the banking industry. This was disclosed at the third ACAMB Stakeholders Conference 2024 held in Lagos on Thursday with the theme ‘Building Bridges: Collaborative Solutions for a Trusted Banking and Financial Services […]

News

NNPC, ExxonMobil resolve dispute over assets divestment

The Nigerian National Petroleum Company Limited and ExxonMobil have made progress in resolving the dispute over the sale of ExxonMobil’s asset to Seplat Energy, potentially leading to Nigeria increasing its daily crude oil output by 480,000 barrels. The NNPCL officially announced on Thursday that it has reached a settlement agreement with ExxonMobil companies operating in […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG receives $500m W’Bank loan for power distribution

The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector. This was disclosed by the Bureau of Public Enterprises announced on Thursday, according to The Punch. The power distribution companies in Nigeria have faced significant criticism for being the most vulnerable aspect of the nation’s power value chain, mainly […]

News

Job cuts loom as ExxonMobil scales down Nigeria operations

Exxon Mobil is scaling down its operations in Nigeria as it moves to reduce its office space in Lagos while curtailing activities in Nigeria. Exxon has moved out of its enormous Lagos offices and opted for a more compact location. Similar reductions are expected in other Nigerian cities where the company is active, according to […]

News

Huggies diaper maker to announce closure of Ikorodu production facility

The renowned manufacturer of Huggies diapers and Kotex sanitary pads, Kimberly-Clark is set to announce the imminent shutdown of its production facility in Ikorodu, Lagos State. This move comes just two years after the company invested $100 million to restart operations in Nigeria. The decision to close the plant follows a period of suboptimal production, […]

Uncategorized

Pinterest expands creator fund to include founders

Pinterest on Wednesday announced the evolution of its Creator Inclusion Fund, now rebranded as the Pinterest Inclusion Fund. In collaboration with Shopify’s Build Black and Build Native programs, this expanded initiative will allow small business owners from underrepresented backgrounds to apply for support. Previously, the fund was accessible only to traditional content creators. This new […]

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