Again, national grid collapses
The national grid on Thursday collapsed, making it the second time in space of two days. The national grid collapsed on Tuesday, the 10th of such incidents this year. With…
Equities rise as traders weigh Trump’s second coming
Major stock markets mostly rose Thursday following Donald Trump's election win that is set to see the returning president unveil United States tax cuts and import tariffs. The dollar…
Nissan cuts 9,000 jobs, slashes sales forecast
Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation". The company reported…
TotalEnergies plans investments in Nigeria’s oil sector
The President and CEO of TotalEnergies, Patrick Pouyanne, has announced the company's readiness to invest billions of dollars in Nigeria’s oil sector, confirming its participation in the country’s ongoing oil…
UBA seeks approval for planned rights issue
United Bank for Africa has formally requested approval from the Nigerian Exchange Limited for its planned rights issue. In a market bulletin issued on Tuesday and signed by Head of…
Zenith Bank completes IT migration, promises improved service delivery
Zenith Bank Plc has announced the successful completion of its IT migration, positioning itself with a robust technology infrastructure in the banking industry. This was disclosed by the Group Managing…
Experts advocates awareness campaign to curb cybercrimes
The Information Security Society of Africa Nigeria has called for the development of a national awareness campaign to address the growing cyber threats in the country. This was disclosed by…
CBN unveils guidelines for FX deposit scheme
The Central Bank of Nigeria has released official guidelines for banks on the implementation of the free foreign exchange deposit window recently announced by the Federal Government. The guidelines, which…
Discos hike meter prices, consumers kick
Power distribution companies in Nigeria have implemented a second price hike on various electricity meter models within just four months, sparking outrage among consumers. The new price increases have been…
Tax bills can’t affect revenue agencies – FIRS
The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has refuted claims that the four tax bills currently before the National Assembly pose a threat to the operations of…
Oil marketers drag Dangote to court for opposing fuel importation
Three oil companies, Matrix Petroleum Services Limited, A.A. Rano Limited, and AYM Shafa Limited, have approached the Federal High Court in Abuja with a legal request to prevent the Nigeria…
Stock surge to record highs after Trump’s victory
United States stocks surged to record highs on Wednesday following Donald Trump's surprising victory in the 2024 presidential election. The win fueled optimism among investors, who anticipated pro-business policies like…
