Oil price falls to $72 a barrel — first time since December 2021
Oil price fell on Wednesday to $72 a barrel for the first time in more than one year. Brent crude, the global oil benchmark, fell over 5 percent to $72.39…
MTN Nigeria allots N665m incentive shares to 120,359 retail investors
MTN Nigeria Communications Plc has announced the allotment of incentive shares to qualified shareholders. In a signed statement on Wednesday, Uto Ukpanah, company secretary of MTN Nigeria Communications, said the…
Namix Wears Launches ‘Sinu-Albulugh’ Puberty Box
Namix Wears, a modest fashion brand for female Muslims in Nigeria has launched a new product called ‘Sinul-Albulugh’ Puberty Box specially designed for the girl child. ‘Sinul-Albulugh’ is an innovative…
Verification: Why Facebook, Instagram users will pay monthly
Meta platform users will soon be able to follow in Twitter denizens’ footsteps in affixing a blue badge to their profiles as a token of authenticity and boosting their posts…
MTN Nigeria to allot free shares to investors
MTN Nigeria Communications Plc is concluding arrangements to allot free shares to shareholders who bought into the company during its December 2021 public offer for sale. In a regulatory filing…
New Naira notes flood banks, ATMs
In compliance with the Central Bank of Nigeria (CBN)’s directive to all commercial banks in Nigeria to start dispensing the new naira notes to customers in earnest, most of the…
CBN’s credit card takes off
ACREDIT card designed by the Central Bank of Nigeria (CBN) for domestic use has been scheduled for deployment, it was learnt yesterday. The card is expected to compete with other…
Musk Faces US Fraud Trial Over Tesla Tweet
The CEO of electric car giant Tesla, Elon Musk, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request…
5 Most Lucrative Businesses In Nigeria For 2023
Conceptualising a business idea in Nigeria and subsequently starting it, can be likened to a goldmine that offers an opportunity for people to tap into better livelihood and gives more…
Airtel completes deal for acquisition 5G spectrum
Airtel Africa says its Nigerian subsidiary, Airtel Nigeria, has acquired fourth-generation (4G) and fifth-generation (5G) spectrums from the Nigerian Communications Commission (NCC) for a cumulative price of $316.7 million. Simon…
Naira appreciates to N740/$ at parallel market
The naira, on Wednesday morning, appreciated to N740 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure signifies a N10…
Netflix to end password sharing in 2023
Netflix is set end to password sharing among multiple users as from the first quarter of 2023. The move will require subscribers to pay extra charges for additional members to…
Facebook Agrees To Pay $725m To Settle Privacy Suit
Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users’ private…
Naira falls to all-time low despite 181.62% liquidity increase
Naira on Wednesday fell to all-time low of N456.33 per dollar despite increased liquidity at the official market. Foreign exchange (FX) activity levels, which is reflected in the daily turnover…
BREAKING: CBN Increases Cash Withdrawal Limit
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. The…