Category: NEWS

Key highlights Nigeria spent N89.3 trillion on imports from 2018-2022, accounting for 48.21% of total trade and representing a surplus of N6.7 trillion for total exports. The highest import expenses…

Key highlights  Bitcoin outperformed Nigeria’s equity market in Q1 2023, with a 67% YTD return and a market value of $549 billion, leading to renewed interest in the digital currency…

Key Highlights The European Union has updated the Data Act with refined rules regarding crypto, including the requirement for smart contract creators to add a “kill switch” as an added…

Key Highlights 18% interest rate is the highest among BRICS and N-11 High-interest rate makes the cost of borrowing high for Nigerian firms to compete favorably with peers N-11 countries…

Management of the pan-African cement manufacturer, Dangote Cement Plc has revealed that once the shareholders at the AGM slated for April 13, 2023, approve the proposal, the shareholders whose names…

Key highlights The NMDPRA has issued new guidelines for stakeholders in the oil and gas industry. The guidelines were drafted in line with the provisions of the Petroleum Industry Act…

Key highlights Accenture cuts 19,000 jobs worldwide The company took this action to streamline its operations and transform non-billable corporate functions to reduce costs. Accenture’s competitors in the consulting industry…

Key highlights  Stakeholders in Nigeria’s telecom are worried that the declining foreign investments in the industry may affect the country’s broadband plan.  A major factor identified as discouraging investments is…

Key highlights: Claims represented a 31.2 per cent Quarter-on-Quarter growth from the previous quarter. They attributed the growth to rising awareness, market expansion and consumer confidence. NAICOm said six companies…

Key highlights: Nigerian Air will commence operations before May 29th. FG said it is taking necessary measures to overcome the hurdles (lingering court case) introduced by the indigenous airlines that…