Nigeria’s stock market lost momentum for the first time since the suspension of former Governor of the Central Bank of Nigeria, Godwin Emefiele, as investors chose to take profit following the recent two-day rally.
Access Corporation saw much of its shares sold as the share value dropped N1.45 or 9.24 per cent, from N15.70 to N14.25.
Cornerstone Insurance topped the laggards list, as its share…
Eagle Aromatic Schnapps has unveiled a new campaign themed “Journey with authentic prayers” to promote hard work and dedication among Nigerians.
The company’s Head of Marketing, Mobolaji Alalade, said that the initiative was a follow-up to the relaunch of the brand…
The Lagos Chamber of Commerce and Industry has said that it will not relent on its mandate to advocate for the interest of Nigeria’s Organised Private Sector.
The President of the chamber, Michael Olawale-Cole, stated this on Wednesday during a flag-off of activities to…
The Bank of Industry says its key capital-raising transactions from the international financial market, which fueled its financial performance in 2022, have been recognised with local and international awards.The bank, in a statement, said its total assets had grown by 248 per cent between 2016 and 2022, reaching N1.71tn by the end of 2021 and closing at N2.38tn as of December 2022.
For these…
FG and Oando sign a Memorandum of Understanding to promote access to renewable energy
June 15, 2023
The Federal Government has signed a Memorandum of Understanding with Oando Clean Energy Limited to boost the deployment of sustainable renewable energy access across the country.
Represented by the Rural Electrification Agency, the government announced on Monday that the MoU…
TikTok’s nascent venture into online shopping is paying off, with its e-commerce affiliate gaining a substantial market share in Southeast Asia just a year after its launch, a report said Thursday.
TikTok Shop capitalised on the legions of users of the popular…
The private sector and economists are supporting the Central Bank of Nigeria as the naira depreciates to 664/$
June 15, 2023
The Central Bank of Nigeria has directed Deposit Money Banks to remove the rate cap on the naira at the official Investors and Exporters’ Window of the foreign exchange market, to allow for a free float of the national currency against the dollar and other global currencies.
This came barely two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, and less…
The President, Bola Tinubu signed the Data Protection Bill into law on Monday 12th June 2023, the Nigeria Data Protection Bureau has disclosed.
According to the bureau, about 500,000 jobs are expected to be created through the training of Data Protection Officers and…
The Federal Government, on Wednesday, announced that an inter-ministerial committee had been set up to fine-tune the Student Loan bill that was signed recently by President Bola Tinubu.
The committee, which will meet on Tuesday, is expected to work together and ensure that…
Music streaming giant Spotify was on Tuesday fined 58 million kronor ($5.4 million) for not properly informing users on how data is collected on them was being used, Swedish authorities said.
Spotify said it planned to appeal the decision.
The Swedish Authority for Privacy Protection (IMY) said it had reviewed “how Spotify handles customers’ right of access to their personal…