NLC rejects new tariff hike for Band A customers
The Nigeria Labour Congress has expressed concern about the recent increase in the tariff payable by Band A users from N206.80 to…
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CNG will be 40% cheaper than petrol, say NNPCL
The Nigerian National Petroleum Company Limited has revealed on Thursday that the use of Compressed Natural Gas in automobiles is 40 per…
Fidelity Bank plan issuing additional N78.35bn worth of shares
Fidelity Bank will issue an additional 8.2 billion shares, valued at approximately N78.35 billion, in anticipation of an oversubscription to its joint…
Tolaram announce Ladoja as MD/CEO of Lagos Free Zone
The board of directors of Tolaram has chosen Adesuwa Ladoja as the Managing Director/Chief Executive Officer of the Lagos Free Zone Company,…
Agbara Industrial Hub now on national grid to boost manufacturing — FG
The Federal Government has announced that the Agbara Industrial Hub has been connected to the national grid, representing a substantial advance in…
NGX ranked best performing stock market in Africa H1 2024
The Nigerian Exchange was Africa’s best-performing stock market in the first half of 2024, with a 33.81% increase in its All-Share Index.…
Afrexim bank warns $30bn GDP drop if Nigeria divests fossil fuels
The African Export-Import Bank has cautioned that divesting from fossil fuels could lower Nigeria’s overall GDP by much to $30 billion. According…
African tech funding declines to $780m, lowest in four years
African tech startups in the first half of the year ended June 30, 2024, secured $780 million in funding, marking the lowest…
Nigerians kick as KuCoin announces 7.5% VAT charges
Crypto traders in Nigeria have spoken out against KuCoin’s plans to charge Nigerian users of the site 7.5% Value Added Tax (VAT)…
Afreximbank approves $25bn share capital raise to propel continent’s growth
The African Export-Import Bank shareholders have authorized an increase in the permissible share capital from $5 billion to $25 billion. This was…
NOVA Bank transitions to national commercial bank with Lagos opening
NOVA Bank, formerly known as NOVA Merchant Bank, has officially begun operations as a National Commercial Bank as it opened its first…
Naira declines to N1,520/$ in parallel market
The Naira on Wednesday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. According to FMDQ…