Category: Business
Economist challenges Tinubu’s claims on N30trn debt clearance in Independencs Day speech
In his Independence Day speech, one of the things President Bola Ahmed Tinubu said among others is that his administration has cleared the N30 trillio [...]
Dangote Granite Mines disburses scholarships to students in Ijebu-Igbo host communities, expresses commitment to promoting education in Nigeria
As part of its social investment programme aimed at promoting educational development in its host communities, Dangote Granite Mines Limited has award [...]
Nigeria @64: Glo salutes resilience of Nigerians
Globacom, digital solutions provider, has congratulated Nigerians on the country's 64th Independence anniversary celebration.
In a statement in Lagos [...]
ExxonMobil unveils $10 billion investment plan in Nigeria
The Federal government on Thursday said ExxonMobil has proposed a $10 billion investment in Nigeria’s deep-water oil operation.
The investment was [...]
Otedola increases stake in FBN Holdings with acquisition of more shares at N16bn
Billionaire businessman and investor, Femi Otedola has further increased his stake in FBN Holdings to 13.15 percent with the acquisition of additional [...]
FG tightens economic hardship on citizens as CBN increases interest rate to 27.25%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, f [...]
Fidelity Bank stock record over 20% growth following combined offer
Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a rema [...]
How Abdulsalami Abubakar almost denied Nigeria $280m telecoms deal – Obasanjo
Former President Olusegun Obasanjo has revealed how former military Head of State, Gen. Abdulsalami Abubakar (retd) almost denied Nigeria a $280 milli [...]
FG signs MoU with Russian company for rehabilitation, completion, operation of Ajaokuta steel plant, NIOMCO
Nigeria has signed a memorandum of understanding (MoU) with the builders of Ajaokuta steel plant, Messrs Tyazhpromexport (TPE), for the rehabilitation [...]
Naira among 10 worst performing currencies globally
Nigeria’s local currency, the naira, is among the 10 worst-performing currencies in the world.
Out of the 10 worst-performing currencies, five [...]