Electronic Filing System by SEC to Cut Listing Time. The Securities and Exchange Commission (SEC) has introduced various initiatives to improve the efficiency of the Nigerian capital market, aiming to reduce the time to market for companies. These initiatives include…
Military Demobilizes Swamp-Stuck Tanks in Zamfara. The Defence Headquarters (DHQ) debunked a viral video falsely claiming that 150 people kidnapped in Sokoto State were killed due to an inability to pay ransom. Major General Edward Buba clarified that the video…
Foreign Trade via LC Payments in Nigeria Falls to $319.9m. Nigeria’s foreign trade payments through Letters of Credit (LC) fell by 65% year-on-year to $319.9 million in the first seven months of 2024, down from $912.3 million in the same…
Fuel Shortages Continue Amid Economic Strain. Nigeria is facing an ongoing petrol shortage due to a $6 billion debt to suppliers, high foreign exchange rates, and limited liquidity. The situation has driven up the landing cost of petrol to over…
Amaechi Stands by Decision to Join APC Former Minister of Transportation, Rotimi Amaechi, has strongly refuted reports circulating on social media suggesting that he regrets joining the All Progressives Congress (APC). The rumors, allegedly based on comments by the APC…
WazirX Customers May Not Recover Full Funds. Customers of WazirX, the Indian cryptocurrency exchange hit by a $234 million hack in July, face an uncertain recovery of their funds. A legal adviser revealed that at least 43% of the funds…
Validus Gets $50M to Boost Indonesian SMEs. Validus, a digital lending platform based in Singapore, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. This funding will support the financial inclusion of micro, small,…
New Mac Mini May Abandon USB-A Ports. Apple’s next Mac mini is set to drop USB-A ports, as reported by Bloomberg’s Mark Gurman. The updated Mac mini will feature the new M4 chip and offer five USB-C ports, along with…
Eniola Bolaji, 18, Clinches Nigeria’s First Medal at 2024 Paralympics in Paris. Eniola Mariam Bolaji has etched her name in history as the first African athlete to secure a medal in Para-Badminton at the Paralympics. The 18-year-old Nigerian earned a…
Report: Over 1 in 4 Nigerian Men Are Raising Non-Biological Children. Smart DNA has released its comprehensive 2024 report on DNA testing trends in Nigeria, covering the period from July 2023 to June 2024. The report reveals significant insights into…
Eguavoen Selects Assistants for 2025 AFCON Qualifier. Super Eagles caretaker coach, Augustine Eguavoen, has selected his assistant coaches from the Nigeria Professional Football League (NPFL) in preparation for the 2025 AFCON qualifiers against Benin and Rwanda. Eguavoen has appointed Fidelis…
Falconets Edge Korea 1-0 with Sabastine’s Winning Goal. In a tightly contested match at the Estadio Metropolitano de Techo, Nigeria’s Falconets secured a 1-0 victory over Korea Republic in their opening game of the 2024 FIFA U20 Women’s World Cup.…
Salah Shocks Fans: “This is My Last Season at Liverpool” Liverpool’s Mohamed Salah has made a significant and unexpected announcement following his team’s dominant 3-0 victory over Manchester United. Salah, who played a pivotal role in the victory, revealed that…
N2.5trn Loan Squeezes Consumer Goods Firms Amid High Interest Rates. The Nigerian manufacturing industry, especially consumer goods manufacturers, is under immense pressure due to high-interest rates and operational costs. These companies have turned to bank loans to manage cash flow…
Enugu LG Poll: Ganduje Threatens Lawsuit Against ENSIEC Over APC Split. The National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Ganduje, has issued a stern warning to the Enugu State Independent Electoral Commission (ENSIEC), threatening legal action over…