Spotlight
Multichoice blames economy as DStv subscribers in Nigeria decline by 18%
African Pay-TV operator, Multichoice Group, has blamed Nigeria's harsh economic condition as active DStv subscribers in the country declined by...
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Nigeria’s crude oil production in May falls to 1.25 million bpd – OPEC
Nigeria’s average crude oil production in May fell to 1.25 million barrels daily in May from 1.28 million bpd recorded...
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Nigerians withdraw N14.2 billion from pension funds as job losses spike
The National Pension Commission (PenCom) has approved the disbursement of N14.2 billion to 8,651 Nigerians who experienced temporary job loss...
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Why Tolaram’s N104 billion acquisition of Guinness Nigeria is a game changer
On June 11, 2024, Diageo announced it had entered a deal to sell its 58.02% stake in Guinness Nigeria Plc...
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Unregistered loan apps in Nigeria shift to APK as FCCPC delists 47 from Play Store
Several unregistered loan apps have continued operating in the country through Android Package Kit (APK) amid the ongoing clampdown by...
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Naira trades within narrow range as FX turnover surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover surged by 138.67% on the Nigerian Autonomous Foreign...
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Tolaram to acquire majority shares in Guinness Nigeria as Diageo exits
In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness...
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High interest rates, surging non-performing loans threaten loan app business in Nigeria
The digital lending space in Nigeria is currently in dire strait as both the lenders and the borrowers are lamenting...
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Nigeria’s money supply rebounds to historic N96.97 trillion in April 2024, defying MPC’s tightening measures
Nigeria’s money supply (M3) has surged to a new peak of N96.97 trillion in April 2024, reflecting a significant recovery...
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Nigeria’s motorcycle imports surge by 204% in Q1 2024 on weak naira, India overtakes China as top supplier
Data from the National Bureau of Statistics reveal Nigeria recorded N117.4 billion as import cost for motorcycles in the first...
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