Business

NNPCL targets four FIDs by 2025, posts N5.89tn

  • 12th June 2025

FCCPC unveils taskforce to combat counterfeit products nationwide 

  • 12th June 2025

Mauritius firm to acquire 26% stake in Nigerian

  • 9th June 2025
Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

UK regulator partner Nvidia to allow banks experiment

  • 9th June 2025

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Banking

Femi Otedola named First Bank Holdings chair

Nigerian billionaire, and entrepreneur Femi Otedola, has been appointed as the new chairman of the board of directors for the First Bank of Nigeria Holdings. The decision, announced after a recent board meeting, saw Otedola taking over from the outgoing Chairman, Alhaji Ahmad Abdullahi. This move comes amid Otedola’s recent excitement about rejoining the Forbes […]

First time passport applicants still need to come for biometrics in the office - NIS
Business

First time passport applicants still need to come for biometrics in the office – NIS

The Nigerian Immigration Service has stated that people who are applying for passports for the first time still have to go to a passport office to get their biometrics captured. This was stated by the Comptroller General of the Nigerian Immigration Service, Wura-Ola Adepoju, during an interview with Channels Television. She however stated that from […]

Business

CBN to host first MPC meeting under Yemi Cardoso

The Central Bank of Nigeria will hold its inaugural Monetary Policy Committee meeting on February 26th and 27th. Nairametrics reported that this is according to a preliminary MPC meeting calendar signed by the CBN’s Director of MPD. According to the document, the bank will host its second MPC meeting on March 25th and 26th, 2024. More […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap

A hospitality subsidiary of Transnational Corporation Plc, Transcorp Hotels Plc, is Nigeria’s first hospitality organization to cross the N1 trillion market capitalization threshold, admitting it to the SWOOTs (Stocks Worth Over One Trillion) club. Transcorp Hotels Plc (TRANSCOHOT) gained 7.24% at the NGX on Wednesday, January 10, 2023, to close at a share price of N100, bringing […]

NGX to draw in more investors - CEO
Business

NGX reports first loss of N638bn in new year

The Nigerian Exchange Limited’s market capitalization fell for the first time in the new year. The market’s eight-day surge came to an end on Wednesday, when the market cap fell by around N638 billion to close at N44.885 trillion. This comes just one day after the market cap surpassed N45 trillion. Although the All-Share Index, […]

Zanzibar to build first seven-star hotel in East Africa
Business

Zanzibar to build first seven-star hotel in East Africa

Zanzibar hopes to raise the bar for African hospitality by constructing a seven-star hotel. According to a Tanzanian publication, The Citizen, this is also part of its aim to strengthen tourism, its core sector. The hotel will be constructed on a tiny island. The Montuli would be the name of the ambitious seven-star deluxe hotel, […]

NGX to draw in more investors - CEO
Business

Nigerian stocks rise 6.54% in first week of 2024

The Nigerian Exchange Limited ended the first week of 2024 on a high note, backed by continued investor faith in listed companies. The Times reported that this momentum has implanted hope for a possibly positive market in 2024, propelling the All-Share index to a 6.54% gain to close at 79,664.66 points. Similarly, all other indexes […]

AG Mortgage completes first tranche of N2bn fundraising
Business

AG Mortgage completes first tranche of N2bn fundraising

A major primary mortgage institution licensed by the Central Bank of Nigeria, AG Mortgage Bank PLC, has announced that the first tranche of its N2 billion Tier 2 capital issuance has been completed. According to The PUNCH, this was accomplished through the use of its Special Purpose Vehicle, AG Funding SPV Limited. The bank statement revealed that […]

Equity market maintains positive trend with N673bn gain
Business

Equity investors make N666bn on first trading day

The Nigerian Exchange Limited’s market capitalization increased by 1.63 percent on Tuesday, the first day of trading in the New Year, adding nearly N666 billion to investors’ wealth even as the market reached new highs. The PUNCH reported that the market capitalization reached a new high of N41.583tn at the close of trade, while the All-Share […]

El Salvador moves Bitcoin to offline vault
Crypto News

Bitcoin surges to $45,000 first time since April 2022

With hope surrounding the potential licensing of exchange-traded spot bitcoin funds, the world’s largest cryptocurrency kicked off the New Year with a bang as Bitcoin surged beyond $45,000 on Tuesday for the first time since April 2022. With its highest year performance since 2020, Bitcoin gained 156% last year and reached a 21-month high of […]

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