Business
Africa Energy Bank Set to Begin Operations in Abuja
Africa Energy Bank (AEB), headquartered in Abuja to oversee and support energy development and projects across Africa is set to kickoff in January 2025.
1 November 2024
Business
Business
MTN Nigeria Declares Q3 2024 Profit After String of Losses
MTN Nigeria bounces back with a Q3 profit of N4.13 billion, supported by resilient data and service revenue despite naira devaluation
31 October 2024
Business
Petrol Marketers Are Boycotting Our Products -Dangote
Dangote laments marketers unwillingness to procure products from his refinery despite biting fuel shortages
30 October 2024
Business
Moniepoint Secures $110 Million Investment to Expand Across Africa
Moniepoint raises $110 million in funding from ADP III and top investors to expand African operations and drive financial inclusion
29 October 2024
Business
Financial Experts Laud Proposed 25% Income Tax On Wealthy Nigerians
Financial experts back Nigeria’s proposed 25% income tax for the wealthiest, calling it a key step toward economic recovery and fairer wealth distribution
28 October 2024
Business
Guinness Nigeria Records 111% Revenue Growth in Q1 2024, Despite Challenges from Inflation
Guinness Nigeria posts a 111% revenue growth in Q1 2024, driven by strong product demand and strategic consumer engagement
26 October 2024
Business
Non-Performing Loans in Nigerian Banks Hit 5.1% – World Bank
The World Bank’s latest report reveals Nigerian banks’ non-performing loans have reached 5.1%, surpassing the prudential benchmark
25 October 2024
Business
Nigeria’s Fiscal Deficit Widens as Debt Service Strains Revenue Gains
Nigeria’s fiscal deficit reaches N4.3trn in Q2 2024, driven by surging debt service costs and recurrent expenditures, despite increased revenue from exchange rate gains and improved tax efficiency.
24 October 2024
Business
IMF Projects Slowdown in Nigeria’s Economic Growth for 2024
IMF projects a slowdown in Nigeria’s economic growth due to the impact of heavy floods and drop in oil production.
23 October 2024
Business
FG Approves ExxonMobil, Seplat $1.2b Divestment Deal
Following a two year wait FG finally approves ExxonMobil’s $1.2 billion onshore assests sale to Seplat Energy.
22 October 2024
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