Thursday, March 20, 2025
Out of 10 listed Nigerian banks, United Bank for Africa (UBA) Plc, Access Holdings Plc and FBN Holdings were the most liquid banks in the first quarter of 2024, BusinessDay analysis has revealed. The cumulative cash and cash equivalents of UBA, Access Holdings Plc, FBN Holdings, Guaranty Trust Holding Company, Zenith Bank, Stanbic IBTC […]
Flutterwave has laid off 24 staff members (3 percent of its workforce) in a team reorganisation move. This is as the payment company announced that it is doubling down on its core business, enterprise payments and remittance segment, Send App. “As a result, we have rebuilt the teams to more […]
https://www.youtube.com/watch?v=CV3B-amFPVw Nigerian Government has spent $16 billion and failed to deliver these projects. a country abundant in natural resources and human capital, has long been plagued by the phenomenon of abandoned projects. Despite ambitious plans and substantial investments, many initiatives have been left incomplete, leading to significant financial losses and […]
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused the International Oil Companies (IOCs) in Nigeria of plotting to cripple its operations. Edwin said the IOCs are deliberately frustrating the refinery’s efforts to buy local crude by jerking up the high premium price above the […]
Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the Minister of Solid Minerals Development, Dele Alake disclosed on Sunday. He said the sales have delivered a $5m increase in Nigeria’s foreign reserves, 70 plus kilograms of gold refined to the London Bullion Market […]
The delivery date for the completion of the $700m Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as the Nigerian National Petroleum Company Limited announced its readiness to complete the facility. On February 28, 2024, The PUNCH reported that the Federal Government had […]
Virgin Atlantic has fired a female pilot First Officer Danica Theuma who found a way to work for two airlines at once, without the other airline knowing about it. Specifically, the pilot reportedly worked for both KM Malta Airlines and Virgin Atlantic at the same time (with the former being […]
The Confederation of African Football (CAF) has announced the new dates for the 2025 Africa Cup of Nations (AFCON), which will be held in Morocco. CAF President Patrice Motsepe confirmed that the tournament will run from December 21, 2025, to January 18, 2026. “I am confident that the CAF AFCON Morocco 2025 will […]
Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in southern Bayelsa state, the company said. Aiteo, which runs a joint venture with state oil company NNPC Ltd, had said the leak was reported […]
In two months, Nigerians will begin utilising the services of the proposed three-in-one identity card, the National Identity Management Commission has confirmed. It said the single multipurpose card combining multiple functions of identity, financial and social services will be made available to citizens across the country by August this year. A […]