Fidelity Bank launch N127bn capital raise
Fidelity Bank Plc launched its N127.10 billion rights issue and public offer on Thursday, becoming the first bank to go public after…
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FG begins N2.7tn subsidy debt probe
The federal government has commenced the scheduled audit of the N2.7 trillion gasoline subsidy claim made by the Nigerian National Petroleum Company…
FG to initiate electricity offences tribunal
The Federal Government said that it was finalizing the process of establishing an electricity offences tribunal with an appeal system to quickly…
Stakeholders worry over imposed NMDPRA $2,000 registration fee
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has placed a $2,000 registration fee on indigenous shipowners, raising concerns among maritime stakeholders.…
Free trade zones can generate over N11tn – Experts
Experts say that the country’s Free Trade Zones have the potential to contribute more than N11.11 trillion in remittances to the Federation…
Nigeria’s fiscal framework not appealling for mining investment – KPMG
KMPG, an international auditing and consulting firm has stated in a report that the current fiscal frameworks, which include tax policies in…
NADDC seeks partnership with banks to bridge $1trn funding gap
The Director-General of the National Automotive Design and Development Council, Joseph Osanipin has said that discussions with development banks and other partners…
Otedola reclaims position as First Bank’s largest shareholder with 9.41% stake
The chairman of FBN Holdings and a billionaire from Nigeria, Femi Otedola, has reclaimed his position as First Bank’s largest shareholder. He…
Tapswap postpones token allocation indefinitely
The popular tap-to-earn app powered by the TON Blockchain, Tapswap, has announced an indefinite postponement of token allocation to its users. The…
OpenAI rival, Anthropic unveils ‘most powerful AI yet’
Anthropic, an OpenAI rival, unveiled Claude 3.5 Sonnet, its most potent AI model to date, on Thursday. Claude is among the chatbots…
Aviation fuels will triple to 1.9bn liters in 2024 – IATA
The International Air Transport Association has said that the production of Sustainable Aviation Fuels is expected to triple to 1.9 billion liters…
Workers withdrawal from pension contributions rise 87.6% in Q1 2024
The number of workers who made withdrawals from their voluntary contributions under their pension savings in response to the severe hardship in…