Tuesday, June 16, 2026
Business
Meta set to lay off employees in Africa, Europe, Asia
Meta, the parent company of Facebook, Threads, WhatsApp, and Instagram, is scheduled to implement another round of layoffs across its...
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Oando Plc expands African upstream portfolio with oil block bid win in Angola
Oando Plc (NGX OANDO) has expanded its African upstream portfolio with a successful bid for oil block in Angola. In...
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Transcorp Power’s profit surge by 165%, to pay ₦3.50 dividend
Transcorp Power Plc (NGX: TRANSPOWER) has reported a 165% surge in profit after tax in 2024, as its Board of...
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Air Sierra Leone commences flight operations to Lagos
Sierra Leone’s new flag carrier, Air Sierra Leone, has commenced flight operations from Freetown to Lagos, Nigeria, as part of...
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Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.
Stanbic IBTC Holdings has launched its N148.7 billion Rights Issue on the Nigeria Exchange NGX e-offering platform, NGX Invest. Presented...
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ICPC sues El-Rufai’s former adviser, Jimi Lawal, for money laundering
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged Jimi Lawal, a former senior adviser to ex-Kaduna...
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CBN fines nine banks 150 million Naira each for failing to dispense cash
The Central Bank of Nigeria (CBN) has fined nine banks a total of N1.35 billion for failing to make Naira...
Read moreCBN and SEC approves FCMB Group’s rights offer of N147 billion.
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved FCMB Group's rights offer of...
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Nigeria renews $2 billion currency swap deal with China to boost bilateral trade
China and Nigeria have renewed a currency swap agreement worth 15 billion yuan (approximately $2 billion) aimed at enhancing trade...
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Starlink raises subscription price to N75,000 as telcos proposes a tariff hike
Starlink has once again increased its standard subscription price to N75,000, following indications that the Nigerian Communications Commission (NCC) is...
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