Business

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THE Central Bank of Nigeria (‘CBN’) has granted Airtel Mobile Commerce Nigeria Ltd, a subsidiary of Airtel Africa, a full super-agent license. This license, according to the telecommunications giant, allows it to create an agency network servicing the customers of licensed Nigerian banks, payment service banks and licensed mobile money operators in Nigeria. This final […]

The Federal Government of Nigeria has recorded a N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from the Central Bank of Nigeria’s (CBN) economic report for the fourth quarter of 2021. The report stated, “Federation receipts in the fourth quarter of 2021 declined, following shortfalls in oil revenue. At N2.84tn, provisional […]

MTN Nigeria Communications Plc on Monday announced it has issued N127 billion series 1 &2 commercial paper under its registered N150 billion commercial paper programme. The company made this announcement in a public notice signed by Uto Ukpanah, Company Secretary, MTN Nigeria, on Monday. According to the statement, the issuance comprises two tenors. A 184-day Series […]

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 17 basis point. The NGX ASI closed at 48,543.36 points, to reflect a growth of 0.17% from the previous trading day and a Year-to-Date (YTD) return of 13.64%. Meanwhile, the market capitalization grew by N45.13 billion. […]

Twitter on Monday accepted Elon Musk’s offer to buy the company for roughly $44 billion. This comes as the Tesla earlier this month offered to buy Twitter for $43 billion in cash after acquiring a 9.2% stake in the company. Twitter’s board of directors previously “unanimously adopted a limited duration shareholder rights plan” after the unsolicited offer […]

Unilever Nigeria Plc has released its Q1 2022 results revealing a profit of N1.80 billion, from a loss of N492 million in the corresponding period of 2021. The period in review witnessed a persistent increase in prices of goods and services, thereby resulting in inflationary pressures that affected both consumers and producers. Despite the double-digit […]

At least 100 people have been allegedly burnt to death on Friday night after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area of Imo State. The inferno which was reported to have thrown the community into panic also affected 6 vehicles which were razed as well. According to Punch, a […]

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 49 basis point. The NGX ASI closed at 48,459.65 points, to reflect a growth of 0.49% from the previous trading day and a Year-to-Date (YTD) return of 13.44%. Meanwhile, the market capitalization grew by N127.11 billion. […]

One of Nigeria’s leading cement manufacturing companies, Lafarge Africa, grew profit after tax by 92.2 percent year-on-year to N17.558 billion in the first quarter (Q1) ended March 31, 2021. Lafarge disclosed this in its unaudited financial statement obtained by Investors King. The company’s profit before tax jumped by 68.1% from N12.772 billion in Q1 2021 to […]

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 18 basis point. The NGX ASI closed at 48,223.86 points, to reflect a growth of 0.18% from the previous trading day and a Year-to-Date (YTD) return of 12.89%. Meanwhile, the market capitalization grew by N45.91 billion. […]


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