BREAKING: Nigerian Stock Exchange Losses N27bn As Investors Await Presidential Tribunal Judgement

Nigerian equities declined at the end of Wednesday’s trading session as Investors await the outcome of the Presidential Election Petitions Tribunal (PEPT) judgment. The verdict of the PEPT, which would determine whether... Read more »

Anambra Investment Summit Beckons The World

By Paul Nwosu The concerted drive by Anambra State Governor, Prof Charles Chukwuma Soludo, CFR, to turn Anambra State into a liveable and prosperous megacity will move into high gear at the... Read more »

Nigerian Stocks Clinches Highest Level Ever

Nigerian stocks on Tuesday attained their summit level as the all-share index, which measures the overall performance of equities, climbed 0.5 per cent to 66,490.3 basis points on the back of a... Read more »

BREAKING: Major Pharmeceutical Company Shuts Down Operations In Nigeria

Pharmeceutical company, GlaxoSmithKline Consumer Nigeria Plc said it has concluded arrangements to shut down its operations in Nigeria. The company said it informed GSK Consumer Nigeria of its strategic intent to cease... Read more »

Zenith Bank retains Position as Best Commercial Bank in Nigeria for a Third Time

For a third year running, Zenith Bank Plc has been named the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2023. The bank also emerged as the Best Corporate... Read more »

Naira Float: MTN Sufferers N131bn Loss Over CBN’s Forex Policy Within Six Months

Leading mobile network provider, MTN, has suffered a foreign exchange loss of N131.4 billion between January and June 2023. This was contained in a recently released MTN 2023 second-quarter (Q2) report. The... Read more »

Zenith Bank Re-appoints Dame Adaora Umeoji as Deputy Managing Director

The Board of Zenith Bank Plc has announced the re-appointment of Dame (Dr) Adaora Umeoji, OON as the Deputy Managing Director (DMD) of the bank. Gists9ja reports that the re-engagement is effective... Read more »

MTN, Airtel Calls, Data Revenues Rose To N731.94Bn In Q1 – Report

Telecommunication subscribers in Nigeria spent N731.94bn on calls and data services on MTN and Airtel’s network in the first three months of 2023. This was a 15.42 per cent increase from the... Read more »

Twitter Has Lost Half Of Its Advertising Revenue – Elon Musk Opens Up

Twitter owner Elon Musk has said the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. “We’re still negative cash flow, due to... Read more »

Elon Musk Unveils XAI To Rival OpenAI, Google

Elon Musk on Wednesday launched his own artificial intelligence company, xAI, as he seeks to compete with OpenAI, the creator of ChatGPT – a program he accuses of being politically biased and... Read more »