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Naira Steadies as Volume of US Dollar Traded Dips The naira rate was little changed on Friday in the official market as demand for US dollar was met with adequate FX supply. According to data from the FMDQ Securities Exchange platform where official daily spot rate are quoted, exchange rate closed lower at N1485.53 per […]

PETAN Partners Abia Govt. to Own, Operate Upstream Assets The Petroleum Technology Association of Nigeria (PETAN) is planning to partner with the Abia State Government on a Joint Venture (JV) model to own and operate upstream assets in the state. Dr Innocent Akuvue, Publicity Secretary of PETAN, disclosed this in a statement on Friday in […]

NESG, CBN Host Dialogue with Private Sector Leaders The Nigerian Economic Summit Group (NESG) in collaboration with the Central Bank of Nigeria convened a dialogue with private sector business leaders’ midweek as part of initiatives to foster meaningful interactions between public-sector policymakers and private-sector business leaders. In a statement, the economic summit group said the […]

Ultimate Health Recapitalises to N1bn In keeping with the provisions of the National Health Insurance Authority (NHIA) Act 2022, Ultimate Health Management Services, a HMO, has recapitalised from N400 million to one billion Naira. The Chairman of the Board of Directors, Angela Ajala, disclosed this on Friday in Abuja during the organisation’s 13th Annual General […]

Equities Investors Lose N57bn as FBNH, Fidelity Bank Retreat The Nigerian Exchange, NGX, shrank by about N57 billion on Friday due to late hour selloffs in FBN Holdings and Fidelity Bank. The two banking names had drove intraday rally following renewed demand by some investors. Their respective share price retreated thereafter as major selloffs cloud […]

Cybersecurity Expert Shares Important Tips on How Stay Ahead of Scammers Unauthorized bank transfers. Identity theft. Fooled by deep fakes. No one is too old, too young or too poor to escape being targeted by thieves. “Cybercrime affects everyone, and the threats are constantly changing,” warns trusted cybersecurity expert Greg Schaffer. “Criminals know that accessing […]

Coronation Merchant Bank Grows Gross Earnings by 62% in 2023 Coronation Merchant Bank Ltd. on Friday said that its gross earnings grew to N61.6 billion for the year ended Dec. 31, 2023. The figure represents 62 per cent growth when compared to N37.9 billion recorded in 2022. Mr Babatunde Folawiyo, Chairman, Coronation Merchant Bank, said […]

Experts Harp on Harnessing Untapped Potentials in Renewable Energy to Boost Economy Experts in renewable energy have harped on the need to fully harness the available potentials in the sector to boost the nation’s economy. They said this at the Techfine Partners’ training to commemorate the 10th anniversary of Nexgen Energy and Allied Services, in […]

Standard Chartered to Launch Bitcoin, Ether Trading Desk Standard Chartered has revealed plan to enter the spot crypto trading market as the bank readies its trading desk for the emerging asset class. The new London-based crypto trading desk, which will be part of Standard Chartered’s FX trading unit, will trade bitcoin and ether, the world’s […]

Nigeria Customs Generates N249b Within 5 Months in Rivers The Nigeria Customs Service, Area 2 Command, Onne in Rivers, said it has generated more than N249 billion as at May, 2024 representing 40.3 per cent of its current annual revenue target. Comptroller of the command, Muhammed Babandede, made the disclosure while briefing newsmen at Onne. […]

The U.S. Supreme Court on Friday said the constitutional rights of U.S. citizens are not violated when the government bars their non-citizen spouses from entering the country without explanation. The court in a 6-3 decision, opens new tab said Sandra Munoz, a U.S. citizen and civil rights lawyer, cannot challenge the U.S. Department of State’s […]Read More

The Nigerian National Petroleum Company Limited (NNPCL) Group Chief Executive Officer (GCEO), Malam Mele Kyari, has assured assurance the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project will be delivered in the end of the first quarter of 2025. A statement by the NNPCL Chief Corporate Communications Officer, Mr Olufemi Soneye, noted that Kyari said major segments of […]