Forex Crunch Hits Airlines: Capacity Reduced By 42%
The capacity of local airlines operating in the nation’s aviation sector has reduced from over 89 to 52 in the last year, representing a...
FBNHoldings Undertakes N150bn Rights Issue To Strengthen Capital Base
FBN Holdings Plc. (FBNH) has announced the signing ceremony to commence the Rights Issue offering of 5,982,548,799 ordinary shares of 50 kobo each at...
Why We Suspended Subscription Price Hike for Nigerian Users – Starlink
Starlink, Elon Musk’s satellite internet service, has temporarily paused its recent price hike for Nigerian subscribers.
This decision follows Starlink’s nearly doubled increase in monthly...
Nigerian Stock Market Rises 0.25% Amid Strong Gains
The Nigerian Exchange Limited (NGX) trading concluded on a bullish note, with the All-Share Index (ASI) increasing by 0.25% to close at 99,189.95 basis...
Nigeria Officially Becomes A BRICS Partner Country
Nigeria has joined the BRICS as a partner country, alongside 12 other nations, further strengthening its economic ties with the intergovernmental bloc. Algeria, Belarus,...
Why We Want NCC Approval To Deactivate Banks’ USSD Services — Telcos
Nigeria's telecommunications operators are considering the deactivation of Unstructured Supplementary Service Data (USSD) services for banks due to a staggering outstanding debt that has...
MTN Nigeria Will Shut Down if Tariffs not Increased, CEO, Karl Toriola Warns
MTN Nigeria, the largest telecom operator in the country, has raised alarms over a potential shutdown if tariffs are not increased to address rising...
FG Approves ExxonMobil’s $1.3bn Asset Sale To Seplat
The federal government has announced the approval of ExxonMobil’s $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant...
Cardoso Advocates for Youth Devt, Collaboration with Economic Associations
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, reaffirmed the Bank's commitment to nurturing the next generation of leaders in...
We’ve Discovered Oil in Niger Delta — NNPC, Chevron
The NNPC Limited and Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has achieved a significant milestone with the successful drilling of the Meji NW-1...