Business
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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 … 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
Gold Hits All-Time High Amid Geopolitical Tensions and Rate Cut Bets
The price of gold surged to an all-time high on Monday. Gold futures for April delivery rose by 1.4 percent to reach an impressive $2,125.65 per ounce, while … Continue Reading
Nigeria Vows to Boost Investor Confidence and Combat Corruption: President tinubu’s Assurances at Nigeria-Qatar Business Forum
President Bola Tinubu delivered a resounding message of commitment to international investors at the Nigeria-Qatar Business and Investment Forum held in Doha on Sunday.
Assuring the global business community of Nigeria’s readiness for serious business, President Tinubu pledged decisive … Continue Reading
Nyesom Wike to Commission Africa’s Largest Water Park in Abuja
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced plans to commission Africa’s largest Water Park in Abuja, Nigeria’s capital.
The declaration came during a courtesy … Continue Reading