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Tag: Nigeria

Business

Worst performing African currencies against US dollar in 2023 – Report

African currencies have recently suffered significant losses, particularly against the celebrated US dollar. AMBusiness reported that the depreciation has generated concerns about some African countries’ economic stability, affecting trade balances, inflation rates, and residents’ purchasing power. Here are the African currencies that will perform the poorest against the US dollar in 2023: Countries such as Nigeria, Kenya, […]

NGX to draw in more investors - CEO
Business

NGX, PenCom collaborate to boost pension funds in equity market

The Nigerian Exchange Limited has announced that its collaboration with the National Pension Commission will increase the involvement of Pension Fund Administrators in the equity market via the NGX Pension Broad Index. The Acting CEO of Nigerian Exchange Limited, Mr. Jude Chiemeka, noted in a news release that the NGX Pension Broad Index has performed well since its […]

Top five safest countries to travel in 2024
News

Top five safest countries to travel in 2024

Iceland has emerged as the safest country to travel to in 2024 in a new report from International SOS— which provides travelers with priceless information on medical and travel security risks. International SOS projects which countries are the safest, which are the riskiest, and what problems travelers will have in the upcoming year in its […]

IPMAN threatens strike over Soludo's taxation
Oil and Gas

Most marketers can’t afford petrol trucks, IPMAN laments

The Independent Petroleum Marketers Association of Nigeria has stated that its members are unable to purchase 45,000 gallons of petrol due to President Bola Tinubu’s removal of fuel subsidies. According to The PUNCH, the National Ex-officio of IPMAN and former Chairman of the association in Ogun State, Surajudeen Bada, revealed in an interview that oil marketers currently […]

Nigeria’s biggest syringe manufacturer shuts down
News

Nigeria’s biggest syringe manufacturer shuts down

The Akwa Ibom State-based Jubilee Syringe Manufacturing Company has ceased operations and announced a temporary layoff. According to the company, “unforeseen circumstances affecting our business operations” are the reason for the decision. In 2017, the company was commissioned by former Vice President Yemi Osinbajo, which is thought to be the biggest syringe-manufacturing enterprise in Africa. […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

No plans to increase fuel price – NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of Premium Motor Spirit, commonly known as petrol. This was announced in a statement on X which was signed by the company’s chief corporate communications officer, Olufemi Soneye, as it warned motorists against panic buying. The statement came […]

NGX Group reports N5.2bn after tax
Business

NGX shareholders gain over N2trn in five days

Alex Omenye In five trading days, from December 27, 2023, to January 3, 2024, the value of stocks listed on the NGX increased by around N2.063 trillion. This increase was accompanied by a 5.11% increase in the NGX All-Share Index. Starting on December 27 at 73,768.64 points, this increasing trend reached a closing value of […]

Aviation

Most punctual African airlines in 2023 – Report

Cirium’s yearly assessment of the world’s top global airlines for on-time performance has revealed that South Africa’s Safair and Kenya Airways were among the most punctual airlines in the Middle East and Africa region in 2023. AMBusiness reports that Safair ranked second on the list with an excellent on-time arrival percentage of 92.36%, while Kenya […]

S'African billionaire dethrones Dangote as Africa’s richest man
Business featured News

S’African billionaire dethrones Dangote as Africa’s richest man

Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a list released by Forbes Magazine. Nigerian billionaires; Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine In the list, the Forbes Daily billionaires ranking […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
News Tech

US state files appeal after court halts TikTok ban

Montana on Tuesday, said that it will be appealing a U.S. judge’s ruling from November, which had stopped the state’s ban on the use of the TikTok short-video sharing app. The state of Montana is appealing the decision to the Ninth Circuit U.S. Court of Appeals, according to a notification filed by Attorney General Austin […]

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