Category: News

Equity market loses N92bn as stocks tumbles

The Nigerian equity market suffered a loss of N92.32 billion on Tuesday, driven by dips...

Guinness share price jumps 8% amid proposed Toklaram takeover

Guinness Nigeria’s share price closed at N54.80 on Monday, up approximately 8.41% from its opening...

Nigerians paid N1.43tn in value added tax in Q1 2024 – NBS

Nigerians paid N1.43 trillion in value-added tax in the first three months of 2024, up...

Banks, others probed for data breach

The Nigeria Data Protection Commission has said that investigations are presently being conducted into over...

Dangote Refinery shifts petrol production to mid July

Dangote Refinery has advanced the production date of premium motor spirit, also known as petrol,...

Diageo to sell majority stake in Guinness Nigeria

The foreign majority shareholder in Guinness Nigeria Plc, Diageo, has agreed to sell its 58.02%...

SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses

The Small and Medium Enterprises Development Agency of Nigeria and Sterling Bank Ltd. have launched...

Ex-Robots engineers enhance humanoid robot with facial expressions

Engineers in the Ex-Robots factory located in the northeastern coastal city of Dalian are pushing...

Elon Musk threatens to ban iPhones over Apple’s OpenAI integration

Elon Musk issued a stern warning about banning iPhones from all his companies following Apple’s...

FG spent $2.2bn to service debt in five months – CBN

The Central Bank of Nigeria has revealed that Nigeria’s debt servicing cost approximately N2.2 billion...

Banks’ loan from CBN declines 10.6% to N10.9trn

Bank borrowing from the Central Bank of Nigeria decreased by 10.6 per cent month on...

Recapitalisation of banks will promote capital market, says ASHON chair

The Chairman of the Association of Securities Dealing Houses of Nigeria, Sam Onukwue has stated...