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Dangote Cement Plc has made history by becoming the first Nigerian company to attain a market capitalization of N10.095 trillion, with its shares surging by 9.99% to close at N592.60. This remarkable achievement in the equities market reflects the company’s…
Johann Rupert’s Net Worth Surges by $800 Million in One Day: Richemont’s Impressive Performance. Johann Rupert, South Africa’s wealthiest individual, experienced a remarkable $800 million increase in his net worth within a single day, driven by the stellar performance…
The National Identity Management Commission (NIMC) has recently announced a temporary suspension of Front-End Partners (FEPs) from participating in National Identification Number (NIN) enrolments. This significant development was disclosed by Abisoye Coker-Odusote, the Director-General of NIMC, during a comprehensive four-day…
The Central Bank of Nigeria (CBN) is gearing up for its inaugural Monetary Policy Committee (MPC) meeting scheduled for February 26th and 27th, as outlined in the tentative MPC meeting calendar for 2024 signed by the Director of MPD. The…
In a noteworthy development, the National Assembly has augmented the proposed 2024 budget for the dormant Ajaokuta Steel Company, elevating the allocation from N4.45 billion to N5.18 billion. This increase of N730 million is aimed at rejuvenating the inactive steel…
In a recent statement during the KPMG Arise TV Budget Day program, Senator Atiku Bagudu, the Minister of Budget and Economic Planning, emphasized Nigeria’s goal to attract a minimum of $100 billion in investments by 2050, with a significant focus…
Mike Adenuga’s Net Worth Soars to $7.4 Billion, Securing Nigeria’s Second Richest Position. Renowned telecom tycoon and oil magnate, Mike Adenuga, has reclaimed his status as Nigeria’s second-richest individual, boasting a substantial net worth of $7.4 billion. This impressive…
Nigeria for Women Project: Federal Government Expands $100 Million World Bank Initiative to Boost Rural Empowerment. The Federal Government is set to broaden the impact of the Nigeria for Women Project (NFWP) in partnership with the World Bank, aiming to…
Global Crude Oil Prices Surge to $79 as Geopolitical Tensions Escalate. In a significant development, Brent crude oil prices experienced a notable 2.3% surge, reaching $79 per barrel on January 12, 2024. A comprehensive analysis by financebobo at 01:54…
In a strategic move to rejuvenate the Ajaokuta Light Steel mill, the Federal Government is set to raise approximately N35 billion through local financing. This announcement was made by the Minister of Steel Development, Mr. Shuaibu Audu, following a crucial…
Introduction: The Nigerian National Petroleum Company Limited (NNPCL) has made headlines by achieving its highest profit in 45 years, reporting an impressive N2.548 trillion for the year 2022. This milestone, highlighted in the company’s 2022 Financial Performance Report, signifies a…
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, recently revealed that the organization fell short of its revenue target for 2023, reaching 87% of the projected N3.68 trillion. Despite facing a challenging operational environment, the NCS achieved a…