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Twitter Allows Publishers to Charge Fee Per Article Elon Musk, Chief Executive Officer of microblogging company, Twitter, said on Saturday that the social media platform will allow media publishers to charge users on a per article basis with one click starting from May, 2023. The move is among efforts to turn the space to market […]

Zenith Bank Boosts Gross Earnings by 41% in Q1 Zenith Bank Plc.’s gross earnings spiked by 41% year on year in the first quarter of 2023, according to detail from its unaudited financial statement. In the period, gross earnings increased from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023, according to its […]

Nigeria Imports 350m Litres of Ethanol Annually, Says CEO The Chief Executive Officer (CEO) of D-Hap Integrated Service Limited, Chief Ndubueze Enekwa, said that Nigeria imports over 350 million litres of ethanol, worth about US$ 476 million annually. Enekwa made the statement in Enugu on Saturday while briefing newsmen that D-Hap is the only ethanol […]

Naira Gains as CBN Rallies FX Intervention The exchange rate at the Investors’ and Exporters’ foreign exchange (FX) market settled at N462 in April amidst negative movement in external reserves. In April, the activity level in the official Window declined 48.9% to $1.5 billion from $2.8 billion in the previous month, according to foreign exchange […]

Yield Plunges after CBN Refinanced T-Bills at Lower Rates Trading activities in the Treasury bills secondary market ended on a bullish note on Friday as the buoyant system liquidity spurred demand for T-bills at the last two trading sessions of the week, just after the apex bank primary market received flurry of subscriptions. Thus, the […]

Sudan: FG says AirPeace, NAF Begins Evacuation of Stranded Nigerians The Federal Government on Friday said the Nigeria Airforce (NAF C-130H) plane and Airpeace plane have been cleared to fly Egyptian airspace for the evacuation of Nigerians stranded in Sudan. This followed the outbreak of war between the Sudanese armed forces and para-military Rapid Support […]

NGX Gains as Earnings Season Tempers Sell-Side Fury The equities segment of the Nigerian Exchange (NGX) recorded about N521 billion in gains in the local bourse over improved sentiments, stockbrokers’ records show. The local bourse was upbeat, and closed positively on all four trading sessions amidst corporate earnings releases, halting sell-side investors’ persistent shares selling. […]

APLE Electric, Kano, Kaduna DisCos Suspended for Breach of Market Rules – TCN The Transmission Company of Nigeria (TCN) has announced the suspension of three electricity distribution companies for by the Market Operator (MO) for breach of market rules. The affected companies are APLE Electric Limited, Kano and Kaduna Electricity Distribution Companies. Mrs Ndidi Mbah, […]

Buhari Approves Postponement of 2023 Census President Muhammadu Buhari has approved the postponement of the 2023 National Population and Housing Census earlier scheduled for between May 3 and May 7. The Minister of Information and Culture, Alhaji Lai Mohammed, in Abuja that the exercise was postponed to a date to be determined by the incoming […]

The Association of Resident Doctors of Nigeria (NARD) has given the Federal government two weeks to address long-standing issues or face “industrial disharmony.” NARD gave the warning in a communique it issued at the end of its extraordinary National Executive Council meeting on Saturday, April 29 in Abeokuta, Ogun State. The president and secretary-general of […]

The National Population Commission (NPC) on Saturday, said the major decision to postpone the 2023 census exercise was to allow adequate participation of the incoming administration. It said there was a need for the new administration to be abreast of the processes used in the collection of the census data. The Commission’s Director of Public […]

The revalidation was done after the swift intervention of the Minister of Labour and Employment, Sen. Chris Ngige on Saturday in Abuja, upon getting the information through the media that the Federal Government disapproved of the NLC using the Eagle Square for the annual May Day parade, for reasons bordering on the preparation of the […]