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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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Trump mulls visa ban on Nigeria, 35 other countries

Trump mulls visa ban on Nigeria, 35 other countries

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White House orders review of SpaceX contracts amid Trump–Musk feud

White House orders review of SpaceX contracts amid Trump–Musk

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Donald Trump earns $600m from crypto, others in 2024

Donald Trump earns $600m from crypto, others in 2024

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OpenAI to maintain ties with Scale AI despite Meta’s acquisition

OpenAI to maintain ties with Scale AI despite Meta’s

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Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows
Tech

Microsoft hits $3trn cap, remains second most valuable company

Microsoft on Wednesday achieved a significant milestone as its stock market valuation surpassed the $3 trillion mark for the first time. This positioned Microsoft as the second most valuable company globally, trailing only behind Apple. Throughout the year, Microsoft and Apple have been engaged in a competitive battle for the top spot as the most […]

Otedola asks top First Bank official to resign over 'wasteful party'
Business featured

Forbes: African billionaires’ combined wealth hits $82.4bn

Forbes estimates that Africa’s wealthiest individuals have a combined net worth of $82.4 billion, and the return of Nigerian billionaire investor Femi Otedola to the list has boosted their fortunes. According to The Times, prior to Otedola’s return to Forbes as Nigeria’s fourth richest person with $1.2 billion, the combined wealth of Africa’s billionaires was […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote cement hits historic N10trn market capitalization

Dangote Cement’s market capitalization surpassed N10 trillion at the conclusion of trade on Monday, making it the first business to reach that milestone on the Nigerian Exchange. According to The PUNCH, it closed trading with a market capitalization of N10.098tn. In eight months of Tinubu’s administration, Nigeria’s stock market has led the world. Dangote Cement […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

Nigeria’s crude oil production hits 1.4mbd – OPEC

A report published by the Organization of Petroleum Exporting Countries, has revealed that Nigeria’s crude oil production will increase to 1.418 million barrels per day in December 2023. The PUNCH reported that Nigeria’s crude oil output grew by 100mb/d from 1.319mbpd in November, according to secondary sources cited by OPEC in its Monthly Oil Market Report for […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Business

Nigeria’s Inflation hits 28.92% amid food price hike

Nigeria’s headline inflation jumped by 0.72 per cent to 28.92 per cent in December 2023, up from 28.20 per cent in November 2023, according to a report released on Monday by the National Bureau of Statistics. This is the highest level of average cost of goods and services since 1997, when the late General Sani […]

Cadbury's $7m debt to stock conversion approved by shareholders
Business

NGX hits 4.24% as Cadbury Nigeria leads weekly gainers 

Cadbury Nigeria was the biggest gainer on the NGX for the week ending January 12, 2024. The Times reported that the All-Share Index rose 4.24% to close at 83,042.96 points, up 3,378.3 points from the previous week’s close of 79,664.66 points. The NGX All-Share Index hit a record-breaking 83,191.84 points on Tuesday, January 9, 2024, capping […]

BVN registration hits 60.2m as CBN deadline nears
News

BVN registration hits 60.2m as CBN deadline nears

The number of people who have registered for a Bank Verification Number has risen to 60.2 million as of January 10, 2024. This was disclosed in the most recent BVN registration data issued by the Nigeria Inter-Bank Settlement System. The BVN database reached at 59.9 million as of December 18, 2023. According to this, between late […]

Dangote refinery investors gain N1.2tn in two days
featured

Dangote to begin production as crude supply hits 6 million barrels

The Dangote Petroleum Refinery stated on Monday that it is ready to begin producing refined petroleum products after receiving the 6th batch of one million barrels of crude oil needed for the plant’s starting operations. According to The PUNCH, “Dangote refinery appears set to commence production of refined petroleum products with the receipt of the […]

Kuda hits N55.8trn transactions
News Tech

Kuda hits N55.8trn transactions

Nigerian neobank Kuda has done ₦55.8 trillion in transactions since its inception in August 2019, CEO Babs Ogundeyi disclosed in a New Year’s greeting to subscribers. While serving more than seven million clients, the bank, according to Ogundeyi, accomplished this milestone. “We are proud of the headway we made against all odds,” he said. Kuda, […]

Kaduna customs hits N16.3bn revenue in 2023
News

Kaduna customs hits N16.3bn revenue in 2023

The Nigeria Customs Service, Kaduna Command, increased revenue generation by 21.93% in 2023, earning a whopping N16.3 billion. This was revealed in a statement issued on Saturday by the command’s Public Relations Officer, Muhammad Aminu. He noted that the service generated N16.3 billion in revenue, a significant rise from the N13.4 billion recorded in 2022, […]

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