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Why Nigerian insurance is one of the lowest globally - CPPE

Declining oil output threat to Nigeria’s N18tn revenue projections – Expert

The founder of the Centre for the Promotion of Private Enterprise and immediate Past Director General of the Lagos Chamber of Commerce and Industry, Dr. Muda Yusuf has stated that the country’s projected revenue of approximately N18 trillion for the 2024 budget appears under threat due to declining oil output and growing debt. Yusuf stated […]

monwubukepdnlimited-com
13th July 2024
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Jumia narrows losses, posts stronger Q2 revenue growth

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Jumia’s shares rise to 55% as investor confidence grows

The Pan-African e-commerce giant, Jumia, has experienced a remarkable 55% surge in its share price over the past five days, closing trading at $12.08 on Friday compared to $8.46 just a week ago. This surge has lifted Jumia’s market value to $1.32 billion, signaling a resurgence in investor confidence after a turbulent period since its […]

aomenyepdnlimited-com
13th July 2024
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FG deducts N256.5bn for gas projects in six months

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FG grant $21m contract to meter 187 oil stations

The Federal Executive Council announced the award of a $21 million contract for the metering of 187 crude oil flow stations throughout Nigeria in order to accurately account for the country’s production and exports. It further reported that the council awarded another contract for the deployment of software that would allow the government to track […]

monwubukepdnlimited-com
13th July 2024
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Nigeria Exchange in decline two weeks in a row

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SEC approves NGX digital investment platform

Securities and Exchange Commission has approved the Nigerian Exchange Group’s Invest, a digital platform meant to facilitate public offerings and rights issues in the capital market. NGX in a statement noted that the platform, was live, promising an efficient, convenient, and seamless experience for managing primary market transactions, according to The Punch. It stated that […]

monwubukepdnlimited-com
13th July 2024
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News

UNDP set up HerAfCFTA initiative with $1m seed investment

The United Nations Development Programme established the HerAfCFTA program in Nigeria with a $1 million seed investment to promote women’s empowerment within the African Continental Free Trade Area. The program, which was just inaugurated in Lagos, seeks to increase women’s engagement in trade and economic activities while supporting gender equality and inclusive economic growth across […]

monwubukepdnlimited-com
13th July 2024
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News

SMEDAN, NIPOST partner to lower logistics costs for SMEs

The Small and Medium Enterprises Development Agency of Nigeria has stated that it is collaborating with the Nigeria Postal Service to drive down the cost of logistics for SMEs in the country. This was disclosed by the Director General of SMEDAN, Mr. Charles Odii via his X handle after a meeting with the Postmaster General […]

monwubukepdnlimited-com
12th July 2024
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60% Public officers employed via bribery, nepotism 2020/2023 – NBS

The National Bureau of Statistics has said at least 60% of public sector personnel were employed through nepotism, bribery, or both between 2020 and 2023. This disclosure was made by NBS in the “Corruption in Nigeria: Patterns and Trends” report, which was based on a survey conducted with the United Nations Office on Drugs and […]

monwubukepdnlimited-com
12th July 2024
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Electricity News

Geregu Power declares N30.2b profit, up by 145% in 6 months

Geregu Power Plc reported a pre-tax profit of N30.2 billion in the first half of 2024, up 145% year on year from N12.3 billion in the same period of 2023. This was disclosed by the company in the unaudited report filed with NGX on Friday. Profit after tax for the period under review also rose […]

monwubukepdnlimited-com
12th July 2024
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CBN warns public against fake contracts, grants, intervention fund scams

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CBN boost the FX market with $122.67m sales to BDCs

The Central Bank of Nigeria has made an important step towards stabilizing the foreign exchange market by selling $122.67 million to 46 authorized dealers. This measure is intended to promote market stability and reduce volatility, since the exchange rate closed on Thursday at N1,554.65/$1, its lowest level since March 2024, according to Nairametric. This is […]

monwubukepdnlimited-com
12th July 2024
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Dangote Refinery loses N32.5bn after petrol price cut

News Oil and Gas

Dangote Refinery purchases additional 5m barrel of crude oil – Report

Dangote Refinery is ramping up crude oil production with a purchase of an additional 5 million barrels from the United States of America, according to data from Bloomberg. The data show that the refinery bought 5 million barrels of WTI Midland for delivery in August and September. Additionally, the oil company also proposed a tender […]

monwubukepdnlimited-com
12th July 2024
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News

Samsung launches smart ring that tracks sleep, movements

Samsung has taken a pioneering step in wearable technology by unveiling the Galaxy Ring, marking the debut of a smart ring among tech giants. Announced alongside the new Galaxy Watch Ultra, the South Korean company introduced the Galaxy Ring on Tuesday, set to launch later this month. Priced at £400, the Galaxy Ring boasts a […]

aomenyepdnlimited-com
12th July 2024
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294 Views

Meta introduces message summaries to WhatsApp

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WhatsApp launches new authentication feature for businesses in India

WhatsApp has introduced a new feature allowing businesses in India to send authentication and login codes through its API to users, starting from July 1st. This functionality, which Meta (formerly Facebook) previously rolled out for merchants in other regions last year, has now expanded to Malaysia in June and India in July. The move comes […]

aomenyepdnlimited-com
12th July 2024
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271 Views

NNPC raises alarm over Nigeria’s growing energy skills

CBN calls for wider adoption of digital payment

EFCC charges two over alleged unlawful supply of

FG urges banks, fintechs to bridge $14.8bn gender

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Declining oil output threat to Nigeria’s N18tn revenue projections – Expert

Jumia’s shares rise to 55% as investor confidence grows

FG grant $21m contract to meter 187 oil stations

SEC approves NGX digital investment platform

UNDP set up HerAfCFTA initiative with $1m seed investment

SMEDAN, NIPOST partner to lower logistics costs for SMEs

60% Public officers employed via bribery, nepotism 2020/2023 – NBS

Geregu Power declares N30.2b profit, up by 145% in 6 months

CBN boost the FX market with $122.67m sales to BDCs

Dangote Refinery purchases additional 5m barrel of crude oil – Report

Samsung launches smart ring that tracks sleep, movements

WhatsApp launches new authentication feature for businesses in India

NNPC raises alarm over Nigeria’s growing energy skills.

CBN calls for wider adoption of digital payment.

I earn ₦503,000 monthly, permanent secretaries get ₦900,000.

Microsoft warns Africa risks becoming AI consumer

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