Nigerian Stock Market Gains N314 Billion
On Wednesday, September 18, 2024, Nigeria's equity market continued its upward trend, adding N314 billion to investors' portfolios. The market capitalization rose from N56.133...
World Bank to Approve $1.7 Billion Loan for Nigeria
Nigeria is set to receive a $1.7 billion loan from the World Bank, with final approval expected on September 26, 2024. This loan, part...
PZ Cussons Considers Leaving Nigeria and Other African Countries
Another Multinational Company May Exit Africa. PZ Cussons, a British consumer goods company, is thinking about leaving Africa. They are the makers of popular...
Nigerian Breweries Receives Lifeline From Heineken Amid Financial Restructuring
Nigerian Breweries PLC, a leading brewery company in Nigeria, has recently received a crucial lifeline from its parent company, Heineken, as part of its...
Naira Faces Pressure in Black Market as U.S. Dollar Strengthens
The Nigerian naira is facing significant pressure in the black market, trading at N1,660 per U.S. dollar, despite recent actions by the U.S. Federal...
FG to Audit All PPP Projects, Ensure Compliance with Insurance Requirements
The Federal Government has announced plans to conduct an audit of all public-private partnership (PPP) projects to evaluate their performance and ensure compliance with...
Shettima Envisions Nigeria as Global Hub for Halal Economy
Vice President Kashim Shettima has expressed strong confidence that Nigeria will emerge as the leading hub for opportunities in the global halal economy.
His statement...
Foreign Companies in Nigeria Pay N2.55 Trillion in Taxes
In the first six months of 2024, foreign companies operating in Nigeria, including Google, Facebook, and Netflix, paid a whopping N2.55 trillion in taxes...
CashAfrica Aims to Revolutionize Payments with Tap-to-Pay Technology in Nigeria
CashAfrica, a Nigerian fintech startup, is on a mission to change how people pay by promoting contactless payments. Although digital payments have grown rapidly...
Record Profit: Nigerian Banks’ Dividend Grows by 74%
Shareholders of three major Nigerian banks, Zenith Bank Plc, Guaranty Trust Holding Company Plc (GTCO), and Stanbic IBTC Holdings Plc, are set to receive...