Business

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Investors lost N189bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 0.7 per cent to close at 49,695.12 and N26.805tn last week. All other indices finished lower with the exception of NGX Insurance, […]

The Securities and Exchange Commission (SEC) says operationalising crowdfunding will accelerate the country’s financial inclusion agenda and boost Micro, Small and Medium Enterprises (MSMEs). SEC executive commissioner, operations, Dayo Obisan, in a statement on Sunday, said crowdfunding could also increase the quantum of investible funds by unlocking the untapped capital in the economy. He said […]

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has identified five malicious Google Chrome Extensions that surreptitiously track online browser’s activities and steal their data. According to NCC-CSIRT, the five malicious extensions which the McAfee Mobile Research Team earlier discovered are Netflix Party with 800,000 downloads, Netflix Party 2 with 300,000 downloads, Full […]

Following the  death of Queen Elizabeth II on Thursday, September 8, the Bank of England has said its banknotes featuring the image of the monarch remained legal tender The Statement reads; “Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender. A further announcement regarding existing Bank of England […]

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that increasing oil theft is forcing its members to lose jobs in Nigeria’s oil servicing industry. This was disclosed by PENGASSAN President, Mr Festus Osifo, who made the call on Wednesday, in Abuja at a news conference heralding its new Advocacy Programme […]

The Federal Executive Council (FEC) has approved the signing of a Bilateral Air Services Agreement (BASA) between Kuwait and Nigeria. This was disclosed by Hadi Sirika, the Aviation minister on Wednesday shortly after the FEC meeting in Abuja. The minister noted that the signing will be done in line with the provisions of the International […]

According to the Minister of Aviation, Senator Hadi Sirika, federal government has directed the Nigeria Civil Aviation Authority (NCAA) to sanction international airlines said to be refusing to sell tickets in naira. He announced this on Wednesday while fielding questions after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the […]

MTN Nigeria said Tuesday it is in the process of issuing a new note in the form of commercial paper in order to raise N23 billion towards meeting some obligations falling due in the short term. It gives the country’s subsidiary of Johannesburg-based wireless operator MTN Group the enablement “to diversify its financing options” with […]

According to Hanke’s Currency Watchlist, Nigeria’s currency the Naira, has been ranked the  11th worst-performing currency against the US dollar, The data shows that as of September 2, 2022, the Naira had lost 48.87% of its value against the US dollars compared to its value in January 2020. The data also reveals that the Zimbabwean […]

The Federal Government has suspended its planned implementation of 5% excise duty on telecommunications services. The suspension was announced by the Minister of Communications and Digital Economy, Isa Pantami, on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja. The Minister who had earlier rejected […]


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