Nasarawa shuts Lafia tomato market over sanitation concerns
The Nasarawa State Government has ordered the immediate closure of the popular Lafia Tomato Market over alleged poor sanitation and public health…
market
Senate summons CBN governor over naira decline
The Senate, through its Committee on Banking, Insurance, and other Financial Institutions, called upon Central Bank of Nigeria Governor Olayemi Cardoso before…
CBN moves to curb FX circulation, naira hoarding
The Central Bank of Nigeria has issued a circular aimed at addressing suspected cases of excessive foreign currency speculation and hoarding by…
Bolt expands into Zimbabwe
Estonian e-taxi company, Bolt has expanded its services in Harare, Zimbabwe. As part of the move, Bolt is waiving commissions from drivers…
Wema Bank profit rises by 105%
Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH…
Market capitalization falls N857bn due to sell-offs
The Nigerian Exchange’s market capitalization fell for the second time this year, losing N857 billion to close at N56,425 trillion due to…
How Edo IGR rose by 40% to N62bn in 2023 – Panel
Edo State’s Internally Generated Revenue increased by more over 40% to N62 billion in 2023, from N45 billion the previous year. According…
Wattpad lays off staff in restructuring move
Toronto-based storytelling platform, Wattpad owned by Naver’s Webtoon Entertainment, underwent a recent workforce reduction, cutting approximately 15% of its staff, or around…
Top ten most downloaded apps in 2023
Meta’s Instagram has remained the most downloaded app in the world across Google’s Play Store, and Apple App Store, overtaking TikTok for…
CBN clears $64.44m forex backlog for airlines
Bisola David The Central Bank of Nigeria has announced that it has fulfilled its commitment by clearing a $64.44 million backlog of foreign…
Egypt leads Africa in foreign direct investment
Bisola David The United Nations Conference on Trade and Development World Investment Report 2023, has revealed that Egypt experienced a tremendous increase in FDI,…
IMF lowers 2024 growth projections for Nigeria
The International Monetary Fund reduced its October prediction of 3.1% for Nigeria’s GDP growth in 2024 to 3.0, which is a 0.1%…