Business News
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Critical infrastructure: CBN invests N236.87 billion in 9mobile and Mafab
Two telecommunications operators, Emerging Markets Telecommunication Services Limited (EMTS) trading as 9mobile and Mafab Communications have received a total of…
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Elon Musk surpasses Jeff Bezos again as richest person in the U.S.
Tesla founder, Elon Musk is the wealthiest person in America again, after surpassing Amazon’s Jeff Bezos, who had briefly held…
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FG raises N475.67 billion in March bond auction over rising rates rally
The Federal Government has raised N475.67 billion in its March bond auction, capitalising on the current rally in rising rates. …
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IOM partners with Japan to build 9 healthcare facilities in Adamawa
The International Organization for Migration (IOM), in partnership with the Japan International Cooperation Agency (JICA), says it will build nine…
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Inside CBN’s N10 trillion intervention where N193 billion loans have been declared lost
The Central Bank of Nigeria’s Intervention Funds Programme, estimated at N10.3 trillion, has achieved a repayment rate of 75.8%. The…
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Naira closes below the N1,600/$1 at official market
The official market observed a modest increase in the value of the Naira against the dollar, concluding at N1,597.24 to…
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Lagos, FHA collaborate to provide affordable housing for Lagos residents, Nigerians in diaspora
The Lagos State Government and the Federal Housing Authority (FHA) have assured of its determination to synergize and collaborate to…
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Shareholders lose N239 billion in one day, as market declines by 0.4%
The NGX started the week on a bearish note as the All-Share Index declined by 0.4%, losing 421.91 points to…
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Stanbic IBTC transforms education landscape with adoption of four schools
Stanbic IBTC, a leading financial service provider in Nigeria and a member of the Standard Bank Group, took a step…
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FG launches 20-member committee for Nigeria digital in health initiative
The Federal Government has inaugurated a 20-man committee tasked with implementing the Nigeria Digital in Health Initiative (NDHI). Led by…
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Undersea cable cuts: NCC says services are 90% restored
The Nigerian Communications Commission (NCC) has that telecom operators have now restored up to 90% of voice and data services…
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Finance expert Dave Ramsey says Bitcoin value is based on “thin air”
Personal finance expert Dave Ramsey has sided with Warren Buffet on the authenticity of Cryptocurrencies saying the value of Bitcoin…
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Appeal court says FRSC officials can operate on all roads in Abuja
The Federal Road Safety Commission (FRSC) won a case at the Court of Appeal, Abuja on Monday after Justice Okong…
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FG collaborates with U.S firm to outsource 50,000 talent in marketing, customer service, admin, others
The Minister of Industry Trade and Investment, Dr. Doris Anite announced that the collaboration between the Federal Government and the…
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When speed meets tech: Infinix redefines fast charging with the brand-new NOTE 40 Series
Introducing the World to its All-Round FastCharge 2.0 and HyperSpeed Lab for the first time Infinix, a trendy tech brand…
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CBN Intervention: N2.1 trillion loan from banks’ Differentiated CRR remain unpaid since 2018
The Central Bank of Nigeria (CBN) has N2.126 trillion in unpaid funds from its intervention program, which were sourced from the…
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Naira Devaluation: Pension funds decline by $18.9 billion in one year
The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in…
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Deloitte mulls biggest restructuring in decade to cut costs amid market slowdown
Deloitte has embarked on its most extensive revamp of global operations in ten years, driven by the imperative to trim…
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CBN N10.3 trillion intervention fund: Nigeria’s health sector gets mere 1% allocation
The Central Bank of Nigeria has allocated N141.64 billion out of the over N10.3 trillion intervention funds to the health…
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Abia State to get $125 million from Islamic Development Bank for roads
The Islamic Development Bank (IsDB) has earmarked $125 million to facilitate the Abia State Integrated Infrastructure Development Project. This strategic…
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