Due to a 0.01 percent decline in market indicators, Monday’s transactions on the Nigerian stock market ended negatively. The market capitalization decreased by N3 billion to close at N30.391 trillion, according to the News Agency of Nigeria (NAN), from an opening value of N30.394 trillion. As compared to Friday’s closing value of 55,794.51, the All-Share Read More…
The Coca-Cola Foundation says it is supporting Nigerian businesswomen with a $10,000 grant to acquire digital skills. This is contained in a statement signed by Mr Segun Olabode, Analyst at Precise platform and made available to the newsmen on Sunday in Lagos. According to the statement, Wivesroundtable Foundation has announced the relaunch of its Digital Read More…
Nigerian startups affected US regulators were reportedly considering “material action” on Sunday to safeguard Silicon Valley Bank (SVB) deposits and minimise any broader financial ramifications from its abrupt demise, according to sources with knowledge of the matter. The fall of startup-focused lender SVB Financial Group on Friday was studied by Biden administration officials over the Read More…
Nigeria’s overall goods trade, according to the National Bureau of Statistics (NBS), was worth N11,722.44 billion in the fourth quarter of 2022. The NBS Foreign Trade in Goods Statistics Report for Q4 2022, which was released on Friday in Abuja, supports this. According to the NBS, overall exports were N6,359.61 billion while total imports were Read More…
Meta Platforms Inc. on Monday said it will continue to release its artificial intelligence tools to approved researchers despite claims on online message boards that its latest large language model had leaked to unauthorised users. “While the model is not accessible to all, and some have tried to circumvent the approval process, we believe the Read More…
Mr. Oluseyi Oyefeso has been appointed as the Executive Director of Retail Banking, South by First Bank of Nigeria Ltd. His appointment, which became effective on March 2, 2023, was said to be subject to Central Bank of Nigeria (CBN) approval in a statement released on Monday in Lagos. Previous to his appointment, Oyefeso held Read More…
Nigerians have been urged to adopt insurance-backed savings programmes by Ms. Alero Ladipo, Executive Head, Marketing and Customer Experience, Old Mutual Nigeria. In a statement released on Monday in Lagos, Ladipo stated that this was crucial in light of the current global socio-economic volatility, uncertainties, complexity, and ambiguities (VUCA). She said that in the face Read More…
A thorough understanding of Nigeria’s population, according to United Bank for Africa (UBA) Plc Chairman Mr. Tony Elumelu, will aid in accelerating economic growth and development. Elumelu, who is also the Chairman of Heirs Holdings Group and Transnational Corporation (Transcorp) Plc, was speaking on Monday in Abuja during a donor engagement over Nigeria’s 2023 Housing Read More…
In order to proceed with the blocked sale of its shallow water oil production activities in Nigeria, Exxon Mobil Corp hopes to obtain the government’s approval, a top Exxon executive told Reuters. Exxon Global Upstream President Liam Mallon announced this ahead of the CERAweek energy conference by S&P Global, which will begin on Monday in Read More…
An economic agenda for the new administration has been established by the Centre for the Promotion of Private Enterprises (CPPE) with the goal of restoring investor confidence and repositioning the Nigerian economy. In a statement released on Sunday in Lagos, the founder of the CPPE, Dr. Muda Yusuf, said that Nigeria’s current political transition gave Read More…
