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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

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BOI supports Women-owned businesses with $6.02m
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BOI extends RAPID funding application deadline for MSMEs

The Bank of Industry has extended the deadline for submitting applications for the Rural Area Program for Investment and Development for Micro Small and Medium Enterprises and Community groups in rural areas until June 12. This disclosure was made via the official X handle of the bank, stating that the deadline was extended to afford […]

FG suspends Nigeria Air until further notice
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FG suspends Nigeria Air until further notice

The Federal Government has indefinitely suspended the Air Nigeria Airline project, Minister of Aviation and Aerospace, Festus Keyamo, announced during a ministerial briefing marking the first year of the Tinubu administration on Monday. Keyamo clarified, “It remains suspended and it was never truly Air Nigeria. It was only labeled Air Nigeria. It was Ethiopian Airlines […]

VFD Group has released its financial statements for the first quarter of 2024, showcasing significant improvements in key financial metrics.
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VFD Group reports N3bn in pre-tax profits Q1 2024

Leading proprietary investment company, VFD Group has released its financial statements for the first quarter of 2024, showcasing significant improvements in key financial metrics. The company reported a revenue of N15.3 billion, a substantial increase from N6.6 billion in the same period in 2023, indicating a positive trend in its income generation capabilities. Net investment […]

AfDB launches new country strategy to boost agriculture in Nigeria
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Nigeria set to benefit from AfDB’s $1.3trn funding

The African Development Bank has highlighted that African countries require $1.3 trillion annually to achieve sustainable development by 2030. This announcement was detailed in a statement published on the AfDB website on Friday. This comes alongside AfDB’s recent announcement of a $1.44 billion investment in Nigeria. Disclosed at the Investment Summit 2024 held in Lafia […]

Musk to resign from Trump govt amid backlash, Tesla shares crash
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Musk AI startup xAI raises $6b, now valued at $24b

Elon Musk’s AI startup, xAI, has raised $6 billion in a Series B funding round, boosting its post-money valuation to $24 billion. This is as investors place significant bets on emerging competitors to companies like OpenAI in the escalating AI race. The funding round attracted major investors, including Andreessen Horowitz and Sequoia Capital, according to […]

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Togo, other international consumers owe Nigeria $51m for electricity — FG

The Federal Government disclosed in the latest industry statistics that international consumers did not remit about $51,26 million to Nigeria for electricity exported from Nigeria between 2023 and power users. In addition, in 2023 Nigeria’s electricity sector did not receive about N7.61 billion from another group of customers categorized as bilateral consumers, according to The […]

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FG to eliminate house ownership obstacles for Nigerians

The Minister of Housing and Urban Development, Ahmed Dangiwa, has affirmed his resolution to eliminate obstacles impeding mass home ownership in the country. This was disclosed in a statement by Dangiwa during the unveiling ceremony for the Renewed Hope Housing Delivery Portal held at ministry headquarters in Abuja recently, according to The Punch. Dangiwa stated […]

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FCMB seeks to raise N150bn for recapitalization in Sept

The Management of First City Monument Bank plans to raise N150 billion in capital between now and September 2024. This was disclosed by the Chief Executive Officer of FCMB Group Plc, Ladi Balogun at the sidelines of the company’s Annual General Meeting in Lagos, according to Nairametrics. Balogun said the company had come up with […]

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NNPCL boss wins most outstanding energy icon award

The Group Chief Executive Officer of NNPC Ltd., Mele Kyari has won the Champion Newspapers’ 2023 Most Outstanding Energy Icon of the Year award. This was disclosed by the Chief Corporate Communications Officer of NNPC Ltd, Olufemi Soneye via his official X handle on Saturday. Kyari was conferred with the honour during the newspaper’s annual […]

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FX demand drops by $9bn I. 12 months – CBN

Data from the Central Bank of Nigeria shows that demand for foreign exchange fell by 42 per cent year-on-year by individuals and companies engaged in importation and other forex-related activities. The analysis showed that in 2023, 19 sectors and services received 21.12 billion dollars of foreign exchange allocations from the total sector’s currency use. The […]

Business

NAHCO projects N100bn revenue in five years

Nigerian Aviation Handling Company Plc has set a revenue projection of N100bn in the next five years. This was disclosed by the Group Chairman of the company, Dr Seinde Fadeni, on the sideline of its Annual General Meeting held in Lagos on Saturday, according to The Punch. The company stated that to create new jobs […]

FG unveils plan to revamp cooperative sector, targets $1trn economy
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Naira exposure to forces of demand, supply suicidal – Stockbrokers

The Chartered Institute of Stockbrokers has raised concerns about the impact on companies with a major foreign exchange component, which are posting losses or substantial decreases in profits as a result of recently implemented market reform. This was disclosed in a statement by the CIS President and Chairman of the Council, Mr. Oluropo Dada, at […]

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