Business
UBA to raise N239.4bln via right issues – Elumelu
The Group Chairman of United Bank for Africa, Tony Elumelu, has announced that the bank has issued 6,839,884,274 ordinary shares of 50 kobo...
Nigeria’s Domestic Debt Reaches N66.957trn in H1 2024
Nigeria’s domestic debt stock has surged to N66.957 trillion in the first half of 2024, representing an 8.74 percent increase from N61.578 trillion...
China’s imports from Nigeria soar to $15.1bln, 36.1% increase
China’s imports from Nigeria have reached an all-time high of $15.1 billion (approximately N25.7 trillion) between January and September 2024, representing a 36.1...
Bitcoin Surges to New High on Trump’s Presidential Victory
The price of bitcoin has skyrocketed to a record high of $75,345, driven by investor optimism following Donald Trump’s victory in the U.S....
Polaris Bank wins “Best Mobile App” award at Digital Jurist Awards 2024
For its commitment to digital innovation and excellence, Polaris Bank has again been recognized and was awarded the prestigious “Best Mobile App” award...
SanDisk extreme portable SSD: A must-have for Nigerian remote workers, freelancers
Julius Babarinde As the Nigerian work environment continues to evolve, remote work and freelancing have become popular for many professionals seeking flexibility and...
Media capacity-building: Polaris Bank trains 5,000 Nigerian journalists in 10 years
As part of its media capacity-building initiative, Polaris Bank Limited, Nigeria’s leading digital retail commercial bank, has empowered more than 5,000 journalists across...
Nigeria to issue diaspora bond in US, targets $1bln monthly remittances
Nigeria is planning to issue a diaspora bond in the United States next year, aiming to secure monthly remittance inflows of $1 billion....
System upgrade: FirstBank enhances supplier’s platform, guarantees uninterrupted, seamless services
FirstBank has reacted to a misleading report circulating in the media regarding its system upgrade. It said the upgrade has helped in transitioning...
Reps to CBN: Withdraw old naira notes before December 31 deadline
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500, and...
US-Nigeria trade relationship hits $10bln mark
The United States and Nigeria have achieved a remarkable milestone in their trade relationship, with the total value now standing at $10 billion...
NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range
NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant step towards promoting cleaner and affordable energy solutions in Nigeria, sensitizing...
Aliko Dangote’s wealth soars to $28bln as his oil refinery comes on stream
Aliko Dangote, Africa’s richest man, has seen his wealth more than double to $28 billion following the long-awaited opening of his Nigerian oil...
Naira Defies Global Trends, Appreciates 5.7% Against Dollar
The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent against the US dollar at the official market, despite the dollar...
Naira appreciates 4.49% against the dollar, closing at N1,561.76
The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing at N1,561.76 in the official Investor and Exporter (I&E) window. This...
Nigeria’s foreign investment surges by 152% in Q2 of 2024
Nigeria’s foreign investments, also known as capital importation, have seen a significant boost in the second quarter of 2024, rising by 152.81 percent...
