Nigeria’s inflation to decrease to 29.5% by 2024 year-end – PwC
Nigeria’s inflation is expected to slightly decrease to 29.5% by the end of this year, according to consulting firm PwC. This was…
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NGX fines companies N76.8m for financial statements default
Alex Omenye The Nigerian Exchange Limited has imposed fines totaling N76.8 million on nine listed companies for failing to submit their audited…
Otedola raises stakes to 11.64% in FBN holdings
The Chairman of FBN Holdings, Femi Tedola has raised his ownership stake in the business once more, solidifying his status as the…
All SIM cards used in Nigeria are locally produced – NCC
The Nigerian Communications Commission has said that 100 per cent of SIM cards in the country are made locally. This was disclosed…
FG electricity plan faces hurdle as estimated billing customers rise by 10%
AlexOmenye The Federal Government’s plan to eliminate estimated billing by the end of 2024 faces significant challenges, as evidenced by a recent…
Nigeria spent $15.55bn in servicing debts between 2019-2024 – CBN
The Federal Government has spent $15.55bn on debt servicing between 2019 and 2024, the latest data from the Central Bank of Nigeria…
Stakeholders lament rise in food price amid N1.25tn agric budget
The high prices of food items in the market amid its availability do not speak well of the over N1.25tn federal budget…
Stockbrokers propose tech adoption for bank recapitalisation
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to use innovative technologies throughout the bank recapitalisation process to…
Caverton Offshore loss rises to N12bn
Caverton Offshore Support Group Plc’s after-tax loss increased by 146.79 percent to N12.75 billion at the end of December 2023, up from…
Extortion at airports beyond aviation ministry control – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that the issue of passenger extortion by government agencies at the…
Electricity users hit 1.78% to 12m in Q1 2024 – NBS
The overall number of billing consumers was 12.33 million in Q1’24, up 1.78 per cent from 12.12 million in the fourth quarter…
Dangote accuse IOCs of oil price manipulation, sabotage
The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin has accused International Oil Companies in Nigeria of actively…