Nigeria’s exports sector threatened as 4,817 containers are trapped at Lagos port
•616 export containers abandoned •Maersk shipping to evacuate 1,900 by tomorrow — APM Terminal The drive by the government to raise its non-oil revenue may...
Category : Business
FCMB to raise N150bn in additional capital
The FCMB Group has revealed that it would be seeking shareholders’ approval to raise about N150bn in additional capital. This was disclosed in its notice...
Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial...
DSTv hike: Tribunal orders substituted service of interim order on MultiChoice
A Competition and Consumer Protection Tribunal, sitting in Abuja, has ordered an application for substituted service of interim order to be served on Multi-Choice Nigeria...
MTN posts N575bn pre-tax loss in Q1, blames inflation, naira devaluation
MTN Nigeria Plc has reported a pre-tax loss of N575.69 billion in its operations for the first quarter of 2024, citing inflation and naira devaluation...
Customers panic as CBN bans Opay, Palmpay, others’ new accounts
Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the...
Dangote Sugar, CAP drag equity market to N154bn loss
Investors lost N154bn on Monday on the back of the decline suffered by Dangote Sugar, Secure Electronic Technology, CAP and 17 other stocks. Bearish trading...
Breaking: Tribunal stops MultiChoice from increasing DStv, Gotv subscription rates
A Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday, restrained Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and...
Nestle Scandal: NIDO Infant Formula Not Registered In Nigeria, Says NAFDAC [
“Nestle, the worlds largest consumer goods company, adds sugar and honey to infant milk and cereal products sold in many poorer countries, contrary to international...
Why Naira depreciated by 23% in 4 days — Currency dealers, analysts
A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central...