Category: News

NOVA Bank transitions to national commercial bank with Lagos opening

NOVA Bank, formerly known as NOVA Merchant Bank, has officially begun operations as a National...

Naira declines to N1,520/$ in parallel market

The Naira on Wednesday depreciated in the parallel market to N1,520 per dollar from N1,515...

CBN’s bank recapitalization may not boost GDP — Analysts

The Central Bank of Nigeria’s continuous process of increasing the capital base of Deposit Money...

NCDMB won’t approve oil service providers without capacity – Secretary

The Nigerian Content Development and Monitoring Board has stated that it will not license oil...

NPA can repay $700m port rehabilitation loan – MD

The Nigerian Ports Authority has stated that it can readily repay the $700 million loan...

74 contractors bid for Abuja street light maintenance contract

A total of 74 contractors have submitted bids to maintain and install street lights in...

Meta’s Threads hits 175m monthly users amid challenges

CEO of Meta Platforms, Mark Zuckerberg, announced on Wednesday that Threads, the company’s social media...

Astro: Amazon halts $2,349 security robot for business, targets households

Amazon has announced that it will discontinue its Astro for Business security robot aimed at...

Jeff Bezos plans $5bn Amazon share sale

Jeff Bezos, founder and executive chair of Amazon, intends to sell nearly $5 billion worth...

Oando seals assets acquisition deal with Agip

The Federal Government announced the completion of oil asset transactions including the Nigerian Agip Oil...

 Industrial Medical Gases Nigeria Plc announce Aminu Ado as chairman

The Board of Directors of Industrial & Medical Gases Nigeria Plc has announced Mr. Aminu...

Nigerians spent ₦16tn on generators, fuel in 2023 – Power minister

The Federal Government has said Nigerians spent N16.5 trillion in 2023 on fuel, petrol, and...