Business

Dangote says FG naira demand may stall N1,100/$ rate

Dangote says FG naira demand may stall N1,100/$ rate

Chairman of the Dangote Group, Aliko Dangote, has projected that the naira could strengthen to as low as N1,100 to…
Peter Obi faults N10bn presidential villa solar plan, cites grid neglect 

Peter Obi faults N10bn presidential villa solar plan, cites grid neglect 

Former presidential candidate Peter Obi has criticised plans to power the Aso Rock Presidential Villa with solar energy, warning that…
NITDA issues advisory on Microsoft Office zero-day vulnerability

NITDA issues advisory on Microsoft Office zero-day vulnerability

The National Information Technology Development Agency (NITDA) has issued an advisory warning users and organizations in Nigeria about a high-severity…
Naira strengthens against British Pound to N1,806/£1 

Naira strengthens against British Pound to N1,806/£1 

Latest price action showed the Nigerian naira strengthened against the British pound amid rising interest in naira-denominated assets and weak…
FG approves N5 billion relief for Kano Singer Market fire victims 

FG approves N5 billion relief for Kano Singer Market fire victims 

The Federal Government has approved N5 billion as an intervention fund for traders affected by the fire outbreak that devastated…
AI Ventures Accelerator offers $10,000 for women-led African startups 

AI Ventures Accelerator offers $10,000 for women-led African startups 

African startups led by young women have been invited to apply for the AI Ventures Accelerator, a programme where selected…
Electric vehicles gain traction in Nigeria despite limited charging infrastructure

Electric vehicles gain traction in Nigeria despite limited charging infrastructure

Electric vehicles are proving dependable for Nigerian city drivers, delivering predictable range and lower maintenance needs even as public charging…
Oando seeks NGX approval to list 4.4 billion Rights Issue shares 

Oando seeks NGX approval to list 4.4 billion Rights Issue shares 

Oando Plc has applied to the Nigerian Exchange for approval to list a rights issue of 4,415,867,342 ordinary shares of…
Nigeria Customs clarifies CBN sets rates for cargo clearance 

Nigeria Customs clarifies CBN sets rates for cargo clearance 

The Nigeria Customs Service has clarified that it does not set cargo clearance rates, saying the Central Bank of Nigeria…
Federal Mortgage Bank targets N750bn recapitalisation to boost housing finance

Federal Mortgage Bank targets N750bn recapitalisation to boost housing finance

The Federal Mortgage Bank of Nigeria (FMBN) is aiming to strengthen its capital base to N750 billion as part of…
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