Business

The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it closed last week.   At the Nigerian Autonomous ...

Finnish telecoms giant Nokia is to axe between 9,000 and 14,000 jobs by the end of 2026 to cut costs The announcement was made as the company reported a 20% drop in sales between July and September. The company blamed slowing demand ...

  Official: DANGOTE crashes Cement Price to 2410 naira. Dangote Cement Plc on Sunday announced the reduction of the price of its cement product to N2,410 perbag promo starting from Monday, October 2, 2023. It said the promo price reduction ...

The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price of N5, 000. This was disclosed ...

  FirstBank Sponsors The Africa International Trade Exhibition (A.I.T.E 2023), New York, Promotes Foreign Direct Investment In The Continent   First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, sponsored the Africa International Trade Exhibition (A.I.T.E ...

  Elon Musk suggests X will charge “small monthly fee” for all users Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number ...

  ‘12.5kg cooking gas price may hit N18,000 December’ Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal owners. The President, ...

The National Bureau of Statistics has revealed that Lagos State recorded the highest domestic debt in Q2 2023 with N996.44 billion, followed by Delta with N465.40 billion. Lagos has largest external debt in Nigeria – NBS The NBS disclosed this in its ...

  FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up ...

  U.S and China owe half of world’s $235tr debts The International Monetary Fund (IMF) yesterday announced that the United States (U.S.A) and China account for half of the world’s total indebtedness of $235 trillion, with both countries owing $117.5 ...

  iPhone 15: Things You Should Know About Apple’s Latest Release   Tech company, Apple, unveiled it’s latest iPhone product, the iPhone 15 today, September 12. This model will be unveiled at the company’s “Wanderlust” event in Cupertino, California, United ...

The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s new report. The number of loan apps with conditional approval declined to 38 from 40, and the number of apps ...

  The Nigerian Electricity Regulatory Commission, NERC, has raised the cost of electricity meters payable through the meter assets programme, MAP. The Commission, in an order issued on Tuesday, increased the price of single phase meters by N23,313.47 or 39.74 ...

  The Lagos Rail Mass Transit Blue Line System has begun its long-awaited commercial operations. The Lagos State Governor, Mr Babajide Sanwo-Olu, became the first passenger to ride on the train during its inaugural ride as operations began on Monday. ...

  Banks to embark on two-day nationwide strike starting from tomorrow Banks in Nigeria have issued a notice to embark on a two-day nationwide strike. The banks said financial services would be withdrawn on September 5 and 6, 2023. The ...

  The National Security Adviser, Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace. Ribadu confirmed this when he led a presidential delegation to inspect ...

  Google has supported the Federal Government with N1.2bn to create jobs The Vice President, Kashim Shettima, on Tuesday, received some executives of Google at the Presidential Villa, Abuja. Shettima also lauded the N1.2bn grant provided by the technology giant for the support ...

  FIRSTBANK COMMISSIONS ITS SECOND FULLY AUTOMATED SELF SERVICE BRANCH, UNVEILS ITS DIGITAL XPERIENCE CENTRE IN UNIVERSITY OF IBADAN The FirstBank Digital Xperience Centre (DXC) in the University of Ibadan (U.I) is the Bank’s second fully automated self-service centre. The ...

  Neymar has been pictured in an Al-Hilal kit for the first time as he seals his £78million switch from Paris Saint-Germain. The Brazilian was seen speaking to the Saudi club’s fans in a video on their social media pages where ...

  Dollar crashes to N790 at parallel market after Tinubu’s meeting with CBN Governor The dollar has crashed to between N805 to N790 at the parallel exchange market on Tuesday. It started a steady decline from N925 to N930 that ...

  AT ITS 11TH AGM, FBNHOLDINGS REASSURES SHAREHOLDERS OF SUSTAINED IMPROVEMENTS AND DIVIDENDS   The 11th Annual General Meeting (AGM) of FBN Holdings Plc (FBNHoldings), the parent company of Nigeria’s premier financial inclusion services provider, FirstBank, was held on Tuesday, ...

    Pastor Ashimolowo quits preaching after 40 years, begins real estate business   After preaching the Christianity gospel for over 40 years, veteran Pastor Matthew Ashimolowo, founder of Kingsway International Christian Centre, KICC, has chosen a new career real ...

  World Of Statistics Releases World Richest Men Ranking The CEO of Twitter, Elon Musk, continues to hold the top spot on a list of the richest individuals in the world. This was disclosed by the World of Statistics in ...

  FIRSTBANK GRADUATES THE FOURTH SET OF PARTICIPANTS IN ITS SENIOR MANAGEMENT DEVELOPMENT PROGRAMME (SMDP)   The SMDP is an intensive skill development programme structured to enhance core leadership and business competencies of selected senior management staff within the Bank ...

  The Nigerian Postal Service (NIPOST) has raided unlicensed and illegal courier and logistics operators in Katsina State, sealing some of their offices and impounding some motorcycles. The general manager, Courier and Logistics Regulatory Department (CLRD) of the NIPOST, Mr. Dotun ...