NGX Slumps as Investors React to Aggressive Rate Hike The Nigerian Exchange (NGX) slumped on Tuesday as equities investors reacted negatively to aggressive interest rate hikes by the Central Bank.…
No Weekly FX Sales to Bureau De Change – CBN The Central Bank of Nigeria (CBN) has denied a move to return to weekly forex sales to Bureau De Change…
Removal of Petroleum Subsidy Challenging but for Long Term Energy Security – Tinubu President Bola Tinubu on Tuesday said the decision to remove petroleum subsidy was a challenging one, but…
CBN Hikes Interest Rate by 4% The Monetary Policy Committee (CBN) of the Central Bank of Nigeria (CBN) increased the benchmark interest rate by 4% at the end of the…
UMG Buys Majority Stake in Mavin Records Universal Music Group (UMG) has purchased a majority stake in Mavin Global, a record label founded by Don Jazzy. Mr Lucian Grainge, Chief…
NGX Down Midday over Big Banks Stock Selloffs The Nigerian Exchange (NGX) equities market capitalisation is trending downward during the intraday trading session as a raft of selling rallies hit…
CSL Predicts 100bps Rate Hike as MPC Concludes Meeting CSL Stockbrokers Limited said the monetary policy committee of the Central Bank of Nigeria (CBN) is likely to satisfy its hawkish…
Oil Prices Increase as China Boosts Crude Buying Oil prices edged higher in the global commodities market amid expectations of stronger spot crude purchases in China and a stronger physical…
TotalEnergies, Shell, Chevron Double Down on African Oil, Gas Leading IOCs are affirming their commitment to African oil and gas – a positive indication for service providers, drilling contractors and…
The Nigerian Communications Commission (NCC) has confirmed that it has directed telecom operators to block subscribers who have not linked their National Identification Numbers (NIN) to their SIM on or…
The Minister of the Federal Capital Territory, Nyesom Wike and the Commissioner of Police in the FCT have been summoned by the senate over rising insecurity. They will be briefing…
Presidential spokesman, Bayo Onanuga has said that cryptocurrency trading website Binance will destroy Nigeria’s economy if not checked. Appearing on Channels Televisions Politics Today programme on Wednesday, February 28, Onanuga…
A Nigerian man, Fred, has asked men to marry women they can physically abuse. The post Make sure you marry a woman you can physically abuse – Nigerian man tells…
The Nigeria Customs Service has revealed how much its Apapa Area Command makes hourly and daily. In a tweet the agency shared, the NCS said it makes N198,802,021 million per…
Actor Etim Effiong has said that he has a high libido and can have sex every day. Etim Effiong said this while responding to a question on how many times…
The Association of Table Waters Producers (ATWAP) has said that the price of pure water may be sold for N100 per one due to the high cost of production materials.…
The Moretele Magistrates Court in South Africa has sentenced a 24-year-old man, Nkateko Masha to a 15-year jail term, with 5 years suspended, for murdering his 17-year-old girlfriend, Gontse Malatji.…
40 crude oil wells have been discovered by the Nigerian Army 6 Division, Port Harcourt, in Rumuekpe community, Emohua local government area of Rivers state. The uncovered wells which are…
Nigerias Department of State Security detained at least two Binance employees on Monday night, Feb. 26, in Abuja in connection with investigations into the crypto exchanges operations in the country.…
President Bola Tinubu will depart Lagos State and embark on a two-day official visit to the State of Qatar on Thursday. The media aide to the President, Ajuri Ngelale, in…