Business
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Nigeria’s Crude Oil Earnings Surge by N449.93bn Over Two Months
Recent data analysis reveals a significant uptick in Nigeria’s crude oil earnings, showcasing a robust performance for the Federal Government. According to reports, earnings from crude oil soared by approximately N449.93 billion during the months of December 2023 and January … Continue Reading
Central Bank of Nigeria Mandates Financial Institutions to Submit Monthly Financial Returns or Face Sanctions
The Central Bank of Nigeria (CBN) has issued a stern directive to Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs), mandating them to submit their financial returns monthly through the FinA application. Failure to … Continue Reading
MTN Nigeria Foundation Invests N600 Million to Empower Female Entrepreneurs
The MTN Nigeria Foundation has launched the second phase of its Y’ellopreneur initiative, with an investment of N600 million. The initiative aims to address the gender inequality prevalent in Nigeria, where female unemployment stood at 35.2 percent in 2020.… Continue Reading
LAPO Microfinance Bank Rewards Customers with N5 Million in Xpress Savings Promo
LAPO Microfinance Bank has concluded its season two of the Xpress Savings Promo, with a total of 101 customers walking away with cash prizes totaling N5 million. The promo, which ran for three months, saw an impressive influx of deposits, … Continue Reading
Minister of Finance Attributes Rising Inflation to N22.7 Trillion Printing by CBN
The Minister of Finance, Olawale Edun, has attributed the current economic challenges facing Nigeria, including rising inflation and economic hardship, to the printing of N22.7 trillion by the Central Bank of Nigeria (CBN) under the government of former President … Continue Reading
MDaaS Global Raises $3 Million to Expand Healthcare Network Across Nigeria
Health tech startup MDaaS Global has secured $3 million in pre-Series A funding. The investment, targeted at expanding its offerings, marks a milestone for the startup as it seeks to leverage technology to provide accessible and high-quality healthcare services across … Continue Reading
Binance Ceases NGN Services in Nigeria Amid Regulatory Disputes
Binance, a prominent global cryptocurrency exchange, has announced the termination of all services involving the Nigerian naira (NGN) in Nigeria. The decision comes amidst ongoing regulatory disputes with the Nigerian government and accusations of forex market manipulation and illicit fund … Continue Reading
Nigeria Customs Seizes Truckload of Beans Worth N61.4 Million
The Seme Area Command of the Nigeria Customs Service (NCS) has intercepted a truckload containing 400 bags of beans valued at N61.4 million, as part of its ongoing efforts to combat smuggling activities.
In a statement released on the Service’s … Continue Reading
Transcorp Power Plc Targets Over N500 Billion Annual Revenue Growth by 2031
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has set ambitious targets for its future growth trajectory. The company, which recently listed its shares on the Main Board of the Nigerian Exchange (NGX), aims to … Continue Reading
Jeff Bezos Beats Elon Musk, Reclaims Title as World’s Richest Person with $200 Billion Net Worth
Amazon founder Jeff Bezos has ascended once again to the coveted position of the world’s wealthiest individual. According to the latest data from the Bloomberg Billionaires Index, Bezos boasts a staggering net worth of $200 billion, solidifying his status as … Continue Reading