Tag: Nigeria

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 […]

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 […]

Investors pump N198tn into fixed-income market
Business

Investors pump N198tn into fixed-income market

Investment in the Fixed Income and Currency market resisted the country’s prevalent economic climate in 2023, with investors splashing N196.79tn on short to medium-term securities on the FMDQ platform in 10 months. The PUNCH examined data received from the FMDQ platform and discovered that investment increased by 8.9 percent, or N16.07 trillion, compared to N180.72 […]

Dangote refinery receives one million crude barrels
Oil and Gas

Dangote refinery receives one million crude barrels

The Nigeria National Petroleum Corporation Limited delivered the fourth shipment of one million barrels of bonny light crude oil to the Dangote Petroleum Refinery on Monday. The PUNCH reported that according to a statement from the $20 billion enterprise, the fifth crude oil cargo is expected soon. The plant had previously received three shipments of […]

FCMB raises ₦147.5bn in oversubscribed public offer
Business

FCMB Capital Markets receives award for corporate bonds

The Nigerian Exchange Limited has named FCMB Capital Markets Limited, an affiliate of FCMB Group Plc’s Investment Banking division, the ‘Issuing House with the Highest Number of Listed Debt Issuances’, popularly known as Corporate Bonds. The PUNCH reported that the prize was presented to the company during the annual NGX Made of Africa Awards, which were […]

Bill for tax crimes commission passes second reading
Business

Delta fixes annual tax returns deadline for March

Delta State employers and self-employed persons have been allowed until January 31, and March 31, 2024, respectively, to voluntarily file their yearly tax returns for the year 2023 in accordance with the Personal Income Tax Act of 2004, as amended. According to The PUNCH, this was said in a statement published on Monday by the Executive […]

Open Visa Index ranks top 2023 performers
News

Open Visa Index ranks top 2023 performers

African Visa Openness Index has ranked Benin, The Gambia, Rwanda, Seychelles, and Nigeria as the top five performers for 2023. Based on the Africa Visa Openness Index, the countries continue to be a representation of transparency and cooperation in the evolving African cooperation scene. Over the course of 2016, the average score of the top […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Transportation

Over 160,000 benefited from Tinubu’s transport subsidy – Alake

The Chairman of the Presidential Committee on the Implementation of President Bola Ahmed Tinubu’s End of Year Transportation Subsidy Program, Mr. Dele Alake, has revealed that over 160,000 people had benefited from the program, which expires on January 4, 2024. The Minister of Solid Mineral Development, Mr. Dele Alake, revealed this today in a post on his official […]

Nigerian startups owe $415m 10-year debt – Report
featured News Tech

Nigerian startups owe $415m 10-year debt – Report

Briter Bridges, a research and market intelligence company which focuses on developing nations, has stated that approximately $415 million has been borrowed by Nigerian digital entrepreneurs over the past ten years. According to the report “Debt Financing in Africa’s Innovative Ecosystem,” between 2014 and 2023, African startups as a whole borrowed a total of $2.1 […]

Economic hardship: Senator advises Tinubu to hold national stakeholders meeting
Business

Tinubu promises improvement in power, oil sectors in 2024

President Bola Ahmed Tinubu has pledged to improve the power and oil sectors by 2024. He claimed that the continuing work in the power and oil sectors would be delivered soon during his New Year’s Day address to Nigerians on January 1, 2024. According to him, his administration has been trying to improve service delivery […]

Vitafoam shareholders okay N1.95m dividend
Business

Vitafoam breaks five-year record with 2023 N52bn revenue

Vitafoam Nigeria Plc has recorded the most money from its operations this year, than in the last five years. The PUNCH reported that according to the Consolidated and Separate Financial Statements for the year ended 30 September 2023, which were released on the Nigerian Exchange Limited, the foam producer earned N52.986 billion in revenue, a […]