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China Property Firm Evergrande Shares Plunge By 87%

Shares of the world’s most indebted property developer China Evergrande Group plunged as much as 87% on its open on Monday, trading for the...

Elumelu Calls For More Investment In Nigeria’s Power Sector

Tony Elumelu, founder of the Tony Elumelu Foundation (TEF), has called for more investments in Nigeria’s power sector. He spoke on Sunday in Abuja at...

Nigeria Losing $7.2m Monthly To Illegal Crude Oil Connection- NNPCL

The Nigerian National Petroleum Company Limited (NNPCL), said the country loses an average of $7.2 million monthly from illegal crude oil connections. The oil firm...

FCMB is a Low Beta, High Performance Stock

…as digital revenue hits N22.15 bn First City Monument Bank Group or FCMB Group Plc has more attributes than strong stock performance and low Beta....

Nigeria Loses 400,000 Barrels Of Crude Oil Daily- Ribadu

The National Security Adviser (NSA), Malam Nuhu Ribadu, said Nigeria loses 400,000 barrels of crude oil daily to local and international thieves. Ribadu disclosed this...

NDLEA Arrests South African Drug Trafficker In Abuja

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a South African drug trafficker man for attempting to export methamphetamine at the...

MTN Nigeria, Airtel Africa Rising OPEX May Crimp Earnings Growth

MTN Nigeria Plc and Airtel Africa Plc are beset by stagnating margins, brought on by a combined N1.21 trillion in operating expense (OPEX) in...

Nigeria’s Telecom Industry Attracted $399m Foreign Investment- NCC Report

Nigeria's telecom industry generated $399.9 million as foreign direct investment (FDI) in 2022, according to data from the Nigerian Communications Commission (NCC). This figure represents...

SpaceX Launches Latest Crew to International Space Station

SpaceX launched its latest crew of four astronauts to orbit early Saturday morning, sending them en route to the International Space Station for a six-month...

Uganda President Bans Imports of Used Clothing To Boost Local Textile Industries

Uganda's President Yoweri Museveni has banned the importation of used clothing into the east African country, saying it stifles the development of local textile...

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