CAC extends deadline for filing annual reports to April
The Corporate Affairs Commission has approved an extension of time for corporations to file annual returns, moving the deadline from January 1,…
Business
Dangote ranks second best performing Sub-Saharan African company
Dangote Group has emerged as the second-best performing company in Sub-Saharan Africa in 2023. In a report compiled by African Financials, the…
NGX sees record gains as market cap surpasses N40trn
The All-Share Index increased by 0.99% to close at 74,502.58 points, a new all-time high for the NGX, which posted gains today…
Petrobras returns to Africa, acquires blocks in Sao Tome and Principe
The Brazilian oil giant, Petrobras, has returned to the African oil and gas market by purchasing three exploration blocks on the island…
eNaira transactions rise 284% in August – CBN
The Central Bank of Nigeria has recorded a 284.6% rise in the transaction volume of its digital currency, eNaira, for August 2023.…
Emefiele: TTB’s Lemo, others risk shares forfeiture, CBN investigator warns
The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria, Jim Obazee, has insisted that the Titan Trust Bank Chairman, Tunde…
2023: Companies that exited Nigeria amid economic challenges
Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes…
Insecurity, economic hardship to worsen in six states – W’Bank
The World Bank predicts that persistent insecurity, armed conflict, and declining livelihoods will continue to impact local government areas in Borno, Kaduna,…
IGR to provide N300bn of Enugu’s N521bn 2024 budget – Mbah
The Enugu State Governor, Peter Mbah, has stated that the state is going to generate N300 billion of its N521.5 billion budget for 2024…
MSMEs decry rising NAFDAC testing costs
Wilson Adekumola The Micro, Small and Medium Entrepreneur have bemoaned the excessive charges of testing and stringent processes local businesses face to…
Nigeria’s external reserves dip by $4.28bn in 2023 – Report
Nigeria’s external reserves have been reduced by 11.55 percent ($4.28 billion) year to date, as the naira continues to plummet against the…
Global financial institutions slash 60,000 jobs in 2023 – Report
Global financial institutions reduced their workforce by around 60,000 people in 2023. The Times reported that this is one of the most…