Transaction at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.59 per cent increase. Also, the All-Share Index also went up by 1,643.79 points or 1.59 per cent to settle at...
BUSINESS
The Central Bank of Niger , has removed allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). This is according to a circular signed by Dr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN, addressed to IMTOs and the general public....
Bank customers resident in the Federal Capital Territory (FCT) have decried the continuous fall of the naira to the dollar. According to them, their purchasing power have reduced drastically. The News Agency of Nigeria (NAN) reports that one dollar to Naira exchange rate at the parallel market is...
By JONATHAN MUNEMO – Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 African countries over the past decade. As a result, some are experiencing a bad combination of high...
By BARBARA KALU, Port Harcourt – Niger Delta Development Commission (NDDC), says it will revive its 180 tonnes per day Rice Mill at Elele Alimini in Emohua Local Government Area of Rivers State, as part of its efforts to ensure food security in the region. The NDDC Executive Director,...
By OLA MUDOPE, Lagos – In view of the recent downtime experienced on the e-tax portal, the Lagos State Internal Revenue Service (LIRS) has extended the filing of employers’ annual tax returns by 1 (one) week starting from February 1 to February 7, 2024. The Executive Chairman of...
FBN Holdings Plc on Wednesday appointed Mr Olufemi Otedola as its new Chairman, Board of Directors. The Holdings announced this in a notification signed by the Company’s Secretary, Mr Adewale Arogundade, and sent to the Nigerian Exchange Ltd. (NGX) in Lagos. The appointment was a fall-out of the...
The National Bureau of Statistics (NBS), has said the national average Cost of a Healthy Diet was ₦703 in October 2023. The Statistician-General of the Federation, and Chief Executive Officer of the NBS, Mr Adeyemi Adeniran, said this at the unveiling of “The Cost of a Healthy Diet...
The Akwa Ibom Command of the Nigeria Security and Civil Defence Corps (NSCDC), has arrested six persons in connection with alleged illegal dealing in petroleum products and impersonation. Its Commandant, Mr Eluyemi Eluwade, who addressed a news conference on Wednesday in Uyo, said that the suspects were arrested...
Meet NOSA AIKODON, a Software Engineer and Machine Learning Researcher currently affiliated with the Liverpool John Moores University Research Center. Aikodon is passionately dedicating his career to researching the application of AI in the healthcare sector. In this interview with [Innocent Solomon], he generously shares insights into his journey,...
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, attended the inauguration of Temile Development Company Ltd.’s 23,000 cubic metres ultramodern Liquefied Petroleum Gas (LPG) Carrier – ‘Alfred Temile 10’. The inauguration held at the Hyundai Mipo Dockyard in Ulsan, South Korea and was...
In the dynamic landscape of digital marketing, staying ahead of the curve is imperative for businesses aiming to thrive. As we step into 2024, the intersection of technology, consumer behavior, and market dynamics is giving rise to trends that are reshaping the way we approach digital marketing. In...
The International Monetary Fund (IMF) on Tuesday said that it has improved its forecast for global economic growth in the coming year. However, raising its expectations to 3.1 per cent from an earlier forecast of 2.9 per cent in October. The IMF expects growth of 3.2 per cent...
By CALLISTUS OFFOR, Abuja – Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest telecommunications statistical indicators released by the Nigerian Communications Commission (NCC). According to the Commission’s Director, Public Affairs, Dr. Reuben Muoka, the...
…felicitates Temile Devt. Company on acquisition of LPG carrier The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of NNPC Ltd, Mr...
Elon Musk said that his neurotech startup Neuralink implanted its device in a human for the first time on Sunday. The patient is “recovering well,” Musk said on X, formerly Twitter. “Initial results show promising neuron spike detection.” Neuralink’s first product is called Telepathy, he said. The company...
By BARBARA KALU, Port Harcourt – Vice Chancellor of the Niger Delta University (NDU), Professor Allen Agih, has solicited the cooperation and support of the Niger Delta Development Commission (NDDC), in training Niger Deltans in Information and Communication Technology (ICT). Professor Agih, who made the appeal when the NDDC...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) says it has released 500 million dollars to various sectors in its determination to address the backlog of verified foreign exchange transactions. The Acting CBN Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, said this in a statement on...
L The Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest global assessment. The EITI’s Deputy Executive Director, Mr Bady Baldé , made this known when he led an EITI delegation to the Group Chief...
By JOY ADARA, Abuja – The Nigeria Civil Authority (NCAA) has suspended the permit of Mattini Airline Services Ltd pending completion of investigations into the runway excursion involving a Challenger CL 601 aircraft, operated by the firm. Recalled that a private jet operated by the airline which had departed...