Elon Musk’s Starlink goes live in Nigeria
SpaceX’s Starlink is now live in Nigeria, according to the company. The Elon Musk-owned firm confirmed this in a tweet on Monday, stating that Nigeria was the first African country…Read More
Court Remands Lagos Autodealer Ogbonna Over Wife’s Death
An Ebute Meta Magistrates’ Court in Lagos on Tuesday ordered the remand of an auto dealer Ikechukwu Daryl Ogbonna over the death of his wife, Abimbola Martins-Ogbonna. Magistrate Adebayo Kafayat…Read MoreFCMB Boosts Profit by 56% to N32.6 Billion
FCMB Boosts Profit by 56% to N32.6 Billion It is a good start to the year as FCMB Group Plc bolstered its earnings performance in the financial year 2022 despite…Read MoreJaiz Bank Grows Profit by 42% in 2022
Jaiz Bank Grows Profit by 42% in 2022 Nigeria’s premier Islamic lender, Jaiz Bank Plc, grew its distributable profit by 41.56% in the financial year 2022 amidst a tough economic…Read MoreNo Basis for Current Fuel Scarcity, Says PENGASSAN
No Basis for Current Fuel Scarcity, Says PENGASSAN The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that there was no basis for the current scarcity…Read MoreFG Inaugurates Additional Passport Office in Lagos
FG Inaugurates Additional Passport Office in Lagos The Federal Government on Monday inaugurated another Passport office in Alimosho, Lagos, as part of its strategy to make passport administration seamless for…Read MoreNaira Challenges Raise Possibility of Materials Devaluation – Report
Naira Challenges Raise Possibility of Materials Devaluation – Report The Nigerian naira remains under pressure, raising the possibility of a material devaluation following the presidential election in February 2023, Fitch…Read MoreNGX Pops as Investors Take Position in Zenith, Airtel, Geregu
NGX Pops as Investors Take Position in Zenith, Airtel, Geregu The equities segment of the Nigerian Exchange pops on Monday as investors take positions in mid and large-cap companies amidst…Read MoreUBA Names Abiola Bawuah First Female Chief Executive
UBA Names Abiola Bawuah First Female Chief Executive The Board of Directors of the United Bank for Africa Plc (UBA) has appointed Mrs Abiola Bawuah as the Chief Executive Officer…Read MoreIMF Reaches $74.6m Staff-level Agreement with Cameroon
IMF Reaches $74.6m Staff-level Agreement with Cameroon The International Monetary Fund and Cameroon have reached a staff-level agreement that will give the country access to around $74.6 million once the…Read MoreWorld Bank Commits $200m to Vocational Education in Nigeria
World Bank Commits $200m to Vocational Education in Nigeria World Bank’s Senior Education Specialist in Nigeria, Mr Tunde Adekola, says the bank has committed 200 million dollars to the advancement…Read MoreGhana Hikes Prime Interest Rate to 28%
Ghana Hikes Prime Interest Rate to 28% Bank of Ghana on Monday raised its prime interest rate by 100 basis points to 28% amidst the ongoing economic crisis triggered by…Read More
