Tag: Finance

Top ten best passports in Africa
Business

Top ten best passports in Africa

Alex Omenye Nigerian passport has emerged the 50th strongest passport in world with regard to its relevance, access to countries and strength globally. The Nigerian passport was placed 95th in the world in the most recent Henley Passport Index report of 2024, in addition to being “the 50th strongest passport in Africa.” As stated in […]

Nigeria, Germany partner on SME growth
Business

SMEDAN to acquire N6bn motorcycles, tricycles

The Small and Medium Enterprises Development Agency of Nigeria would spend N6.2 billion on motorbikes and tricycles as part of empowerment projects for Nigerian youths and women in 2024. The PUNCH reported that this is despite the fact that 12 state governments and the Federal Capital Territory have completely or partially prohibited motorcycle activities. According […]

FG's 10-man panel to investigate airlines over fare hike
Aviation

NCAA estimates N8bn for local, foreign trips

The Nigeria Civil Aviation Authority has said that it will spend N8.3 billion on transportation and travel in 2024. The PUNCH reported that the agency announced this in the recently filed Government-Owned Enterprises budget proposal to President Bola Tinubu. The NCAA regulates aviation in Nigeria and has gained autonomy after the National Assembly passed the Civil […]

Agribusiness shareholders to raise N5bn capital
Business

Agribusiness shareholders to raise N5bn capital

Ellah Lakes Plc’s shareholders have approved a plan to raise approximately N5 billion in stock. The PUNCH reported that the shareholders gave their consent at the company’s latest Annual General Meeting. Resolutions from the AGM were submitted to the Nigerian Exchange Limited on Thursday. “That, the Board of Directors be and is hereby authorized to raise up to […]

Ex-finance minister Agunloye freed from prison
News

Ex-finance minister Agunloye freed from prison

By Christian George Former Minister of Power and Steel, Olu Agunloye, has reportedly regained his freedom from Kuje Prisons after fulfilling bail conditions. This was made known by the spokesperson for the Federal Capital Territory Command of the Nigerian Correctional Service, Adamu Duza, in a release. Duza stated that the former minister regained his freedom […]

FG relocates FAAN headquarters from Abuja to Lagos
Aviation

FG relocates FAAN headquarters from Abuja to Lagos

The federal government has announced the relocation of the Federal Airport Authority of Nigeria from Abuja to Lagos. FAAN’s managing director and chief executive officer, Olubunmi Kuku, stated this in a circular dated January 15, 2024. According to Kuku, the Minister of Aviation and Aerospace, Festus Keyamo, gave the order to relocate the headquarters to Lagos. In […]

Top 10 billionaires in the world 
featured

Top 10 billionaires in the world 

The Forbes Real – Time Billionaires list has revealed that Elon Musk is the world’s wealthiest person as of 18 January 2024, with a staggering net worth of over $227 billion. He is the CEO of a number of companies, including electric car manufacturer Tesla and space exploration company SpaceX and his recently purchased Twitter now known […]

Equity market loses N92bn as stocks tumbles
featured

Nigeria’s stock market crosses 90,000 mark

Nigeria’s stock market is now the greatest in the world, according to a strong close on Wednesday that helped it overcome Argentina, which it trailed last week. BusinessDay reported that the Nigerian Exchange Limited All Share Index climbed 2.38 per cent on Wednesday, reaching the 90,000 mark as bulls dominated trading. The market is up 20.45 per […]

Oil and Gas

No plan to leave Nigeria – Shell

Shell Plc has dismissed reports that it may leave Nigeria after selling its onshore business in the Niger Delta. Recall that Shell said on Tuesday that it has “reached an agreement to sell its oil business in the Niger Delta, the Shell Petroleum Development Company of Nigeria Limited” to Renaissance Africa Energy. The announcement sparked a […]

Samsung sees US trade deal as boost amid Tesla chip order
Tech

Samsung embeds AI features in Galaxy S24 smartphones

The latest high-end smartphones from Samsung Electronics, which were launched on Wednesday, will have many AI features. The AI features which are from Google also include simultaneous translation of phone conversations into other languages, the company said. According to data source International Data Corporation, Apple overtook Samsung in 2023 smartphone shipments and opened a new […]

Google releases AI multisearch feature
Tech

Google releases AI multisearch feature

Google on Wednesday, launched an AI-powered tool in the US that lets users use their phones to concurrently search with text and images. At the Samsung Electronics Unpacked event, the Alphabet-owned company said that users of smartphones including the Pixel 8, Pixel 8 Pro, and the new Samsung Galaxy S24 series will be able to […]

Top 10 African countries with highest fuel price in 2024
Oil and Gas

Top 10 African countries with highest fuel price in 2024

A significant increase has hit the prices of fuel across the globe, especially in Nigeria following the removal fuel subsidy, which marked the beginning of the Bola Tinubu era in 2023. Since then, Nigerians have experienced a surge in the price of petroleum motor spirit from about N198/N200 per liter to over N1300 per liter. […]