TikTok removes 1.4m Nigerian user’s videos in Q3 2023
The short video platform owned by Bytedance, TikTok, has reported that during the third quarter of this year, it deleted 1.4 million videos…
Business
African Alliance reports N7.11bn gross premium income
African Alliance Insurance Plc’s gross premium income increased to N7.11 billion at the end of the December 2022 fiscal period, up from…
Funke Akindele’s movie rakes over N60m in less than 48hrs
The well-known Nollywood producer and actress, Funke Akindele, has reached a noteworthy milestone with her latest film, “A Tribe Called Judah,” as…
VFD, Mecure’s listing add N179bn to NGX market capitalization
The three freshly listed equities on the NGX have contributed approximately N179 billion to the exchange’s market capitalization in 2023. Mecure Industries…
MTN Nigeria raises N72.1bn via Commercial Paper issuance
MTN Nigeria Communications Plc has concluded series 10 commercial paper issue as part of its expanded N250 billion commercial paper issuance strategy.…
NOMAP, Nasarawa collaborate on electricity projects
The Nasarawa State Government has partnered with the Nigeria Off-Grid Market Acceleration Program in order to ensure the swift development and implementation of…
Inflation hits 28.20% in November – NBS
The total rate of inflation increased to 28.20% in November 2023, above the rate of 27.33% in October 2023. This suggests a…
Imo state approves N592bn 2024 budget
The Imo State House of Assembly has given its approval to the state’s N592 billion fiscal year 2024 appropriations bill. The bill…
SEC closes down firm over illegal investments
The Securities Exchange Commission has claimed that due to unlawful investment and other capital market operations, it has closed Ready Finance Investors Limited’s locations.…
IMF seeks tougher crypto regulations
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has emphasized the importance of comprehensive regulation in the cryptocurrency area in order to…
Customs made 70% revenue from Lagos – Comptroller-General
Seventy percent of the Nigeria Customs Service’s revenue came from Lagos State, according to Comptroller General Adewale Adeniyi. The Punch reported that he…
Inflation, exchange rate to drop in 2024 – CBN
The Governor of the Central Bank of Nigeria, Yemi Cardoso, has remarked that rising inflation and exchange rates are projected to drop…