The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. Bureau de Change Operators confirmed the parallel market rates to The PUNCH. An Abuja ...
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Feed SubscriptionPenCom Named Ethics, Integrity Compliant Agency
The National Pension Commission (PenCom) has secured the top position in the 2023 Ethics and Integrity Compliance Scorecard (EICS) among 50 regulatory agencies in Nigeria, in an assessment by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). PenCom ...
Read More »Nigerian Telecom Market Targets $11.43bn Value In 5 Years
With the current value of the Nigerian Telecom market at $9.09 billion, a new report has predicted that the market value would reach $11.43 by 2029. The report by market intelligence firm, Mordor Intelligence, revealed that the market is expected ...
Read More »Labour Decries Epileptic Power Supply
Labour and other stakeholders have cried out as more Nigerians are thrown into darkness 10 years after privatisation of Power Holding Company of Nigeria (PHCN). Expressing their worries over the sector’s inability to yield turnaround progress despite the over N7 ...
Read More »Dangote Cement, BUA Cement Propel Nigerian Stocks 3.93% Higher
Nigerian equities witnessed a strong rally on Tuesday, with the benchmark index surging 3.93% to close at 87,971.10 points. The positive performance was driven by gains in industrial heavyweights, particularly Dangote Cement, BUA Cement, and Zenith Bank, witnessing share value ...
Read More »Apple Overtakes Samsung As World’s Top Smartphone Seller, Ending 12-Year Dominance
In a historic shift, Apple’s iPhone has claimed the title of the world’s best-selling smartphone, breaking Samsung’s 12-year dominance at the top, as revealed by data from the International Data Corporation on Monday. The iPhone secured this position in 2023, ...
Read More »Detained Vessel: 23 Arrested, Tinubu Orders Probe, Hails Tantita
President Bola Ahmed Tinubu has ordered a probe into the arrest of an oil bunkering vessel, MT Kali, in the offshore location of the Anglo-Dutch energy giant, Shell Petroleum Development Company (SPDC) in Bayelsa State. The investigation team is headed ...
Read More »Equity Market Records Gains, Performance Indices Up 1.92%
The Nigerian Exchange Ltd. (NGX) began trading on a positive note on Monday as the All-Share Index rose strongly by 1.92 percent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, compared to 83,042.96 achieved on Friday. Also, investors ...
Read More »Nigeria Eyes Investment Boost At World Economic Forum
Nigeria’s delegation, led by Vice President Kashim Shettima, is poised to leverage the World Economic Forum (WEF) in Davos, Switzerland as a springboard for attracting foreign investment, the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has said. Over 52 Heads ...
Read More »NNPC Seeks Private Firms To Manage Port Harcourt Refinery
The Nigerian National Petroleum Company (NNPC) Limited is in the process of handing over the operations of the Port Harcourt oil refinery to private entities. Minister of State for Petroleum Resources, Heineken Lokpobiri, had announced the mechanical completion of the ...
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