Friday, 29th March 2024
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Business News

4 days ago
Nigerian banks have always sought opportunities for offshore expansion to boost their revenue and attract investment. Lately, though, the drive for global opportunities to hedge domestic risks has intensified. In 2023, three foremost banks, as part of their expansionary initiatives, took bold steps that are expected to unlock value for them in the international market.
4 days ago
Joint efforts are ongoing by the Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) to curb financial crimes in the banking sector of the economy.
4 days ago
The Chartered Institute of Bankers of Nigeria, Dr Kenneth Opara, has stated that the private sector plays a pivotal role in climate change, especially in unlocking new growth opportunities, job creation and sustainable agriculture.
4 days ago
The financial technology (Fintech) sub-sector is said to have received over $1 billion in the last two years, tripling the industry's total figure and accounting for more than one-third of the $2.7 billion invested in African fintech since July 2021.
24 Mar
Foremost gender equity advocacy group in Nigeria, the Women in Energy Network (WIEN), has expressed delight at the Oil and Gas Companies Executive Order 2024 signed by President Bola Ahmed Tinubu.
24 Mar
The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.
24 Mar
The Federal Government has suspended the 25 per cent import duty penalty usually imposed on improperly imported vehicles. The Nigeria Customs Service (NCS), under the directives of the Minister of Finance and Coordinating Minister of the Economy..
24 Mar
There are increasing Fintechs adopting Artificial Intelligence (AI) technologies for content creation in Nigeria, a report by Africa Fintech Summit (AFTS) has revealed.
24 Mar
The Economic and Financial Crimes Commission, (EFCC) and the Nigeria Deposit Insurance Corporation, (NDIC) have strengthened collaboration to promote transparency in the banking sector.
24 Mar
TEON Engine, the innovative Nigerian arm of Precise Platforms is shattering outdated traditional marketing strategies with its intelligent, data-driven solutions.
23 Mar
For the new leadership of the National Association of Nigerian Students (NANS), its familiarisation visit to the Arc. Sonny Echono-led Tertiary Education Trust Fund (TETFund) was akin to using one proverbial stone to kill several birds.
22 Mar
Shares of social media company Reddit soared nearly 50 percent on the New York Stock Exchange Thursday in a buoyant market debut that raised hopes about the IPO market.
3 hours ago
Tokyo markets closed higher on Friday after the Dow and S&P 500 hit new highs on Wall Street, while investors awaited US economic data due later in the day.
6 hours ago
Disconnected Subscribers Identification Module (SIM) cards as a result of unverified National Identification Number (NIN) may hit 50 million from the second phase of the disconnection of unlinked SIMs to NIN exercise, which begins today, March 29.
6 hours ago
The Central Bank of Nigeria (CBN) has auctioned N1.64 trillion worth of treasury bills.
6 hours ago
In lieu of the increase in passenger traffic this season, Bi-Courtney Aviation Services Limited (BASL) has assured safety, security, and better customer experience for travellers using the Murtala Muhammed Airport Terminal Two (MMA2) facility in Lagos.
6 hours ago
Amidst several challenges confronting the power sector, including limited access to critical resources, the Minister of Power, Adebayo Adelabu, has unveiled plans to liaise with the Central Bank of Nigeria (CBN)...
6 hours ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) yesterday affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees.
6 hours ago
Nigeria’s Terms of Trade (ToT), for all commodities, recorded a decline of 0.22 percentage points in the fourth quarter of 2023.
6 hours ago
Succour may be on the way for power generation in the country due to the collaboration between Daystar Power and Rocky Mountain Institute (RMI).
6 hours ago
Heirs Technologies has expressed readiness to make Nigeria a leading Business Process Outsourcing (BPO) destination in Africa.
6 hours ago
African Prudential Plc has declared N900 million dividends translating to 45 kobo per share due to every shareholders of the company for the 2023 financial year.