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14

NLC labels FG’s 35% salary increase mischievous, demands N615,000 living wage

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The National President of the National Labour Congress (NLC), Joe Ajaero, has described the federal government increase of civil servants by 35% as mischievous, insisting that the minimum wage should not be below N615,000

13

FCMB Group to seek shareholders’ approval for N150 billion capital raise

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The Group will also seek shareholders’ endorsement for the increase of the Company's issued share capital from N9,901,355,390.50 divided into 19,802,710,781 ordinary shares of 50k each to N19,802,710,781.00 divided into 39,605,421,562…

Jeroid makes history as first Nigerian crypto company to receive ISO Certification

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Jeroid, a prominent Nigerian cryptocurrency trading platform, has garnered the esteemed International Standard Organization (ISO) certification.

FCMB’s Pre-tax profit surges by 193% in Q1 2024

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FCMB Group Plc released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N31.344 billion, marking a significant 193% increase year-on-year

12

Lagos-Calabar Highway: Landmark has no claim to 250-metre shoreline – Umahi

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The Minister of Works, Sen. David Umahi has stated that Landmark Africa has no claim to the 250metres shoreline which is part the Right-of-Way for the Lagos-Calabar coastal highway being built by the federal government.

Bitcoin drops below $60K, down 13% in April

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Bitcoin’s price broke below the 60K mark after falling over the past five days, hitting a low of $59.1K at the time of writing.

Bitcoin drops below $62,000 as Hong Kong ETFs disappoint

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Bitcoin drops Below $62,000 as Hong Kong ETFs Disappoint pulling in only $11 million from expected $100 million

Fidelity Bank: Improved share price as growth indicator

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When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1…

Dada emerges 13th president of Chartered Institute of Stockbrokers

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Under the new change of baton, the Institute’s 2nd Vice President, Mrs. Fiona Ahimie, has also emerged as the 1st, Vice President.

Coastal Highway Project: Landmark’s six-year investment demolished in six hours

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Landmark Africa, owner of Landmark Beach on Victoria Island, responded to the demolition of parts of its property for the Lagos-Calabar Coastal Highway project, stating that six years of investment was destroyed in just six hours.

Nigerian digital Bank, Kredi Bank, signs Deyemi as its first brand ambassador

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Kredi, a full-service digital bank that helps Nigerians spend, save, invest, borrow, and “banktheinKredibleway” has announced award-winning Nollywood actor, Deyemi Okanlawon as its first brand ambassador.

BuuPass acquires QuickBus, eyes Nigerian, South African expansion

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BuuPass, Kenya’s digital intercity multimodal travel solutions provider, has finalized its acquisition of QuickBus, a major player in the bus ticketing service industry in Nigeria and South Africa.

11

Naira trades at April low as U.S dollar near six month high

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The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of a Federal Reserve meeting kept traders largely biased towards the greenback.

Contract of service: Court upholds First Bank’s disengagement of ex-deputy manager

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The National Industrial Court has refused to hold the First Bank of Nigeria wrongly dismissed its staff.

34.3% of employed Nigerians are poor due to low-skilled, low-paid jobs – Report

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About 34.3% of Nigerian workers, aged 15 and older, are working poor, living below the poverty line despite being employed.

10

FG approves 25%-35% salary increase for civil servants in Nigeria

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The Federal Government has approved an increase in salaries across various salary structures in a move aimed at boosting the welfare of civil servants.

Multichoice ignores court order, proceeds with DStv, GOtv rate hikes

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Multichoice Nigeria, a popular Pay TV provider, has proceeded with the upward adjustment of its prices for DStv and GOtv subscribers, despite a recent court ruling prohibiting the company from raising rates.

Access Holdings blows past N30 trillion in total assets in first quarter of 2024

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Access Holdings has maintained its position as Nigeria's largest banking group, with assets reaching N32.6 trillion as of March 31, 2024.

09

Beyond fintechs, Nigeria needs more health startups – Cavista ED

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The Executive Director of Cavista Technology, Mr Bamidele Odufuye, has said that Nigeria needs more tech startups focusing on health solutions, having recorded successes in fintechs and other similar areas.

Shareholders of Transcorp Hotels approve N2.05 billion dividend

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Shareholders of Transcorp Hotels Plc have endorsed the recommendation of the board of directors for a dividend of N2.05 billion for the financial year ending December 31, 2023.

Dangote Sugar Plc eyes end to sugar importation in 2028

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The Chairman of Dangote Sugar Plc, Alhaji Aliko Dangote, says the company plans to end the importation of sugar in the next four years going by efforts in its backward integration policy.

Top 10 countries where Nigerian bank customers were defrauded in 2023

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The Nigeria Inter-Bank Settlement System (NIBSS) 2023 Annual Fraud Landscape reveals an alarming trend in international fraud activities targeting Nigerian banks' customers.

Multichoice: DStv package prices in Nigeria, South Africa, and Kenya compared

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Earlier in March, the PayTV operator had announced a price increase in its home country, South Africa, and Kenya, and the new prices have taken effect from April 1, 2024.

08

Only UK’s top-performing universities should sponsor international students – Report

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A new report from the think-tank, Onward, has proposed a radical overhaul of the UK’s higher education system. 

07

FG inaugurates Port Harcourt-Aba rail project as train service commences

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The Federal Government has inaugurated a 6.2 kilometer (KM) Port Harcourt – Aba railway project, marking the start of train operations between Abia and Rivers states. The Minister of Transportation, Sen. Saidu Alkali, made the declaration…

01

After raising hopes, Naira depreciates against the dollar by 5.8% in April

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The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate represents a 5.8% depreciation from the month’s opening rate of N1,309.39 and a…

Tuesday, Apr 30

23

Binance founder, Changpeng Zhao, sentenced to 120-day prison term

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Binance founder, Changpeng Zhao, has been handed a four-month prison sentence due to lapses that enabled cybercriminals and terrorist organizations to operate freely on the globe's leading cryptocurrency exchange.

21

BUA Foods hits pre-tax profit of N62.4 billion in Q1 2024, as FX losses hit N27.3 billion

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BUA Foods has posted a profit before tax of N62.4 billion in Q1 2024, representing a 36% year-on-year increase from the N45.9 billion pre-tax profit posted in Q1 2023.

20

FG declares May 1 public holiday for Workers Day

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The Federal Government has announced that Wednesday, May 1, will be a public holiday to celebrate Workers' Day this year.

Lagos State Government disburses N849.6 million to scholarships and bursaries for tertiary students

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The Lagos State Government has disbursed a total sum of N849,555,000 in scholarships and bursaries to 10,066 students enrolled in its tertiary institutions.