News

International Breweries Plc has allowed non-shareholders of the company to participate in its rights issue. A statement from the brewer, which is a part of AB InBev, the largest brewer...

Some members of the minority shareholders community have called for a probe of the management and directors of the failed Heritage Bank. The call was made in chats with The...

The United Nations Office for the Coordination of Humanitarian Affairs has said that humanitarian partners will need $4.7bn to assist 20.9 million vulnerable people in parts of Nigeria, Chad, and...

The Chartered Institute of Taxation of Nigeria (CITN) has observed that high inflation, weak naira, and policy tightening could threaten economic growth in 2024. Samuel Agbeluyi, President of CITN, highlighted...

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has refuted reports suggesting that the federal government has allocated N5.4 trillion for fuel subsidies in 2024. This...

Fidelity Bank has signed the necessary documentation to raise about N127.1bn from a public offer and rights issue to its existing shareholders to raise its capital base in line with...

Babajide Sanwo-Olu, the Lagos State Governor, has awarded N10 million to Olaniyi Olawale, the overall outstanding student at Lagos State University (LASU). The governor made the announcement on Thursday during...

Power distribution companies made a total of N292.71bn revenue in the first quarter of this year despite complaints of inadequate electricity supply by consumers and concerns about the huge indebtedness...

The Federal Government’s ban on the export of Liquefied Petroleum Gas, popularly called cooking gas, has led to a crash in the cost of the commodity from about N1,500 per...

The Nigerian Deposit Insurance Corporation (NDIC) has announced that it has begun paying depositors of the now-liquidated Heritage Bank. Bello Hassan, the NDIC's managing director, made this announcement during a...