The group managing director of Afrinvest, Ike Chioke has said that recapitalisation of banks in Nigeria will strengthen the banking sector and provide enough capital to boost the economy. Chioke made this known during the Sunrise Daily show on Channels Television on Friday morning. He stated that the recapitalisation is necessary for […]

The revenue of United Capital Plc, a financial and investment services company in Nigeria, has surged to the highest in at least eight years, data compiled by BusinessDay shows. According to the company’s latest financial statement, its revenue rose by 70.9 percent to N45.8 billion last year from N26.8 billion […]

Nigeria’s lingering foreign exchange challenge, which has driven up the prices of vehicles of all categories in the country, is changing consumer preferences in the brand-new car market. Some individual car users and companies are now embracing Chinese brands for new car needs because they are less expensive than those […]

Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies. The NNPC Ltd, which is the sole importer of petrol into the country, has been reliant […]

Sell-offs in the shares of Tier-one banks on Thursday contributed to a 0.32 per cent decline in the Nigerian Exchange Ltd. (NGX) market indices. Specifically, losses in the share prices of FBN Holdings, Access Corporation, Guaranty Trust Holding Company (GTCO), Zenith Bank and StanbicIBTC Bank, among others, dragged down the […]

The Naira has maintained its level of appreciation against the United States currency across foreign exchange (FX) markets, as dollar supply at the official market increased on Wednesday. The local currency strengthened by 1.25 percent as the dollar was quoted at N1,262.85 on Wednesday, stronger than N1,278.58 quoted on Tuesday at the Nigerian Autonomous […]

Air Peace Airline has announced that due to the overwhelming demand and interest on its London route, the airline has decided to increase the capacity on the capacity on the route. “This means that more seats are now available. Air Peace would like to thank the Nigerian population both in […]

The combined wealth of Aliko Dangote and Abdulsamad Rabiu declined by $3.8 billion in one year, according to Forbes World’s Billionaires List 2024. Forbes’ wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed to be a billionaire. The value of individuals’ public holdings are […]

Top ten crypto billionaires in 2024 The crypto winter has officially come to an end, marking a significant turnaround for the cryptocurrency market. Bitcoin, the flagship cryptocurrency, has experienced an impressive surge, more than doubling in value over the past 12 months. In March, it reached an all-time high of […]

The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The Comptroller General (C-G) of NCS, Adewale Adeniyi, said this while briefing newsmen on its activities in the first quarter of 2024, on Wednesday in Abuja. “The total revenue collected during this […]