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Tag: Nigeria

Manufacturers warn price hikes to persist without solutions
Business

Manufacturers urge FG to clear $7bn debt

The Manufacturers Association of Nigeria has requested the Federal Government to resolve the present $7 billion Forex backlog. The PUNCH reported that MAN has stated that 2024 may not be a good year for manufacturers and that the first six months of the year will be difficult for industry players. The association’s Director-General announced this in […]

NAFDAC cuts licensing fees by 65%
Business

NAFDAC cuts licensing fees by 65%

The National Agency for Food and Drug Administration and Control reported that the processing fee for renewing registration for domestically manufactured items has been cut by 65% to N44,200. According to the News Agency of Nigeria, the agency’s Director-General, Mojisola Adeyeye, revealed the information in a statement published by NAFDAC media consultant, Olusayo Akintola, in […]

FBNH, GTCO join NGX banking index
Business

FBNH, GTCO join NGX banking index

The Nigerian Exchange Limited reviewed the indexes and added some banking stocks to the Banking Index, including FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc. The PUNCH reported that according to a corporate announcement made by the exchange on Tuesday, the equities of Jaiz Bank, Unity Bank, Wema Bank, […]

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 […]

Zuckerberg now richer than Buffett with $7bn - Report
Business

Zuckerberg now richer than Buffett with $7bn – Report

The Forbes Billionaire Index shows that Meta’s founder, Mark Zuckerberg, has surpassed the famed businessman Warren Buffett in terms of wealth by $7 billion. Zuckerberg now has a net worth of $125 billion, while Buffett ranks seventh with a net worth of $118 billion. This rise has also moved Zuckerberg ahead of Microsoft co-founder Bill […]

Polo Luxury promotes Rolex brand in Nigeria
Business

Polo Luxury promotes Rolex brand in Nigeria

A luxury goods company, Polo Luxury, has stated that it is happy to be developing the Rolex brand in Nigeria in a way that benefits both Polo and its partners. The PUNCH reported that Polo, which sells high-end watch and jewelery brands, said in a statement on Tuesday that the Managing Director of Polo Limited, John Obayuwana, […]

Firm provides training support to SMEs
Business

Firm provides training support to SMEs

Stage Africa Media & Advisory has established Small Business Saturday, an initiative to empower and support entrepreneurs across Nigeria. The PUNCH reported that Stage Africa Media and Advisory said in a statement on Tuesday that the project, which is a quarterly strategy session, will provide business owners with important tools, strategic counsel, and invaluable insights […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
News

Nigerian Stock Exchange begins 2024 on positive note

The Nigerian Stock Exchange started on a positive note as the All-Share Index broke beyond the 75,000 barrier. The closing value of the All-Share Index was 75,990.88 points, an increase of 1,217.11 points or 1.63%. The market capitalization closed at N41.583 trillion on the first trading day of the year, with equities up N663 billion. […]

Australia fines Telegram $640K for delayed response on online safety
News Tech

Telegram updates call feature

Telegram has updated its call feature promising better calls with a redesigned feature that consumes less battery life. Along with these improvements, the update adds new animations and upgrades to the app’s bot platform. According to the platform, calls have been updated with dynamic backdrops that alter according to whether the call is ringing, active, […]

Airtel Africa CEO Ogunsanya retires, names Taldar successor
Business

Airtel Africa CEO Ogunsanya retires, names Taldar successor

Airtel Africa stated on Tuesday that Chief Executive Officer Olusegun ‘Segun’ Ogunsanya will retire on July 1, 2024, and has thus, appointed Sunil Taldar as his successor. According to Business Day, Taldar, who joined Airtel Africa as Director Transformation in October 2023, will begin the transition to CEO with Ogunsanya. Following the transition phase, Taldar will […]

Lagos ranked 8th African city with best healthcare
News

Lagos ranked 8th African city with best healthcare

Numbeo, a research firm focusing on data that centers around quality of life has ranked Lagos as the 8th city with the best healthcare system in Africa. In the list, Numbeo uses an elaborate algorithm to arrive at ranked Cape Town in South Africa first, Pretoria second, and Nairobi third. Modern, high-tech hospitals are starting […]

Meta lowers prices for Quest 3 headsets
News Tech

Meta lowers prices for Quest 3 headsets

Meta is permanently lowering the price of its Quest 2 headset by $50, just months after launching its Quest 3 headset. There is a $249 price reduction for the 128GB version and a $299 price reduction for the 256GB version. Notably, since Black Friday, the headset has been available for increased rates. Meta, however, has […]

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