Month: February 2024

QNET Denies Involvement in Illegal Activities QNET, an e-commerce company on Wednesday dissociated itself from individuals illegally using the company’s name to defraud people. The Regional General Manager of QNET…

Reps to Investigate Banks’ Non-Compliance with 24hrs FX Sell Down The House of Representatives is to investigate non-compliance by banks and financial institutions with the Central Bank of Nigeria (CBN)…

FG to Spend N200m on Indigent Cancer Patients The Minister of State for Health, Dr Tunji Alausa, says N200 million has been earmarked for the treatment of indigent cancer patients…

FG Distributes Agro-inputs, Fertiliser to Anambra Farmers The Federal Ministry of Agriculture and Food Security (FMAFS), on Wednesday distributed plant seedlings, fertiliser, herbicide and poultry feeds to 250 farmers in…

Oil Mixed on US Slower Output Growth Oil prices were mixed as the US lowered output expectations and a less-than-projected rise in crude stockpiles amidst hopes of a ceasefire in…

NGX Slumps as Investors Eye High Yield in Debt Market The Nigerian Exchange (NGX) equities market capitalisation slumped further on Wednesday as investors shifted attention to fixed interest securities. The…

Nigeria: Production Commences at Akpo West Field –TotalEnergies TotalEnergies has announced the commencement of production, another tie-back project at Apo West Field, Nigeria, according to an official statement. According to…

Wema Bank Names Kazaure, Opeke as New Board Members Wema Bank Plc has announced the appointments of Mr Yusuf Zubair Kazaure as Non-Executive Director and Segun Opeke as Executive Director…

Sub-Saharan Africa’s GDP to Hit US$4.5 Trillion Euromonitor International has forecast that Sub-Saharan Africa’s gross domestic product (GDP) will double by 2040 from the 2022 figure of USD 2 trillion…