In a strategic move to strengthen its financial sector, China is merging two of its largest state-owned brokerages, Guotai Junan Securities Co. and Haitong Securities Co., to create a financial powerh...
Dangote Refinery, one of Africa's largest industrial projects, is currently undergoing test runs for the production of Premium Motor Spirit (PMS), commonly known as petrol. According to a report by Re...
Yesterday, it was reported that the Central Bank of Nigeria (CBN) had increased the exchange rate used to calculate tariffs and import duties collected at airports and seaports.This development comes ...
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the...
Notore Chemical Industries Plc, one of Africa's biggest and leading fertiliser and agro-allied companies, recently announced that its total revenue was N21.55 billion for the fiscal year ending Decemb...
Elon Musk, the owner of X, formerly known as Twitter, recently revealed that all users who subscribe to its premium version of the social network will soon be able to access Grok. Grok, a chatbot deve...
NASCON Allied Industries announced that it gained more market share even as its profit after tax (PAT) rose by 151% to N13.73 billion for the financial year ended December 31, 2023.NASCON also reporte...
Last month, the major shareholder of PZ Cussons Holdings announced plans to buy out other shareholders, but this was pending regulatory approvals. On Tuesday this week, the Securities and Exchange Com...
The Central Bank of Nigeria (CBN) has adjusted the Custom duties at the nation's seaports and airports from N1,617.96/$1 to N1,593.41/$1, a 1.5% reduction.Analysts stated that the reduction in Customs...
Notore Chemical Industries recently announced Mr Femi Agbaje as the new chairman of the company's board of directors. This development comes three years after the seat was kept vacant after former Nig...