VFD Group reports N3bn in pre-tax profits Q1 2024
Leading proprietary investment company, VFD Group has released its financial statements for the first quarter of 2024, showcasing significant improvements in key…
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Nigeria set to benefit from AfDB’s $1.3trn funding
The African Development Bank has highlighted that African countries require $1.3 trillion annually to achieve sustainable development by 2030. This announcement was…
Musk AI startup xAI raises $6b, now valued at $24b
Elon Musk’s AI startup, xAI, has raised $6 billion in a Series B funding round, boosting its post-money valuation to $24 billion.…
Togo, other international consumers owe Nigeria $51m for electricity — FG
The Federal Government disclosed in the latest industry statistics that international consumers did not remit about $51,26 million to Nigeria for electricity…
FG to eliminate house ownership obstacles for Nigerians
The Minister of Housing and Urban Development, Ahmed Dangiwa, has affirmed his resolution to eliminate obstacles impeding mass home ownership in the…
FCMB seeks to raise N150bn for recapitalization in Sept
The Management of First City Monument Bank plans to raise N150 billion in capital between now and September 2024. This was disclosed…
NNPCL boss wins most outstanding energy icon award
The Group Chief Executive Officer of NNPC Ltd., Mele Kyari has won the Champion Newspapers’ 2023 Most Outstanding Energy Icon of the…
Naira exposure to forces of demand, supply suicidal – Stockbrokers
The Chartered Institute of Stockbrokers has raised concerns about the impact on companies with a major foreign exchange component, which are posting…
Naira exposure to forces of demand, supply suicidal – Stockbrokers
The Chartered Institute of Stockbrokers has raised concerns about the impact on companies with a major foreign exchange component, which are posting…
Nigerian Education Loan Fund addresses student complaints on loan application
The Nigerian Education Loan Fund has responded to recent complaints from students facing challenges while applying on the Student Loan Application portal.…
TotalEnergies announces $600m investment in Congo, sidelines Nigeria
French oil major TotalEnergies has announced a $600 million investment deal in the Republic of Congo, just days after its CEO revealed…
Tech titan Jensen Huang surpasses Walton family in wealth
Nvidia Corp’s co-founder, Jensen Huang, has surpassed each member of Walmart’s founding Walton family in terms of personal wealth, highlighting the growing…