Spotify, the world’s most popular audio streaming subscription service, and Universal Music Group (UMG), the world leader in music-based entertainment, today announced a new, multi-year global license agreement that further aligns the companies’ efforts to foster groundbreaking new features providing value for artists and great experiences for music fans. With …
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A report by the Centre for Affordable Housing Finance in Nigeria has revealed that the homeownership rate in the country is estimated at 25 per cent of the total population, implying that 75 per cent of the nearly 200 million people in Nigeria live in either rented apartments or are …
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Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective January 1, 2021. The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje, its …
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The Managing Director/CEO, Century Power Generation Ltd, Dr. Chukwueloka Umeh has said that the total deregulation of the power sector will motivate investors to put money into all areas of the broken value-chain which will ensure that consumers enjoy quality power supply. Dr. Umeh who was speaking at a virtual …
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The monetary policy committee of the Central Bank of Nigeria (CBN) has announced its decision to retain the monetary policy rate (MPR) at 12.5 percent. Godwin Emefiele, governor of the apex bank, announced the committee’s decision on Thursday at the end of the committee’s meeting. Cash reserve ratio (CRR) was …
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Nigeria’s naira continued on a low path against the dollar on Friday as it exchanged N470/$1 on Friday. However, on the officially recognized NAFEX market, the forex turnover dropped by 63.7% while the exchange rate depreciated for a third consecutive trading day closing at N388.50/$1. According to Nairametric, at the …
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Nigerian telecommunications operator, Globacom has slashed international call tariffs by as much as 55%. The company has said this is a move to help Nigerians better connect with friends and family abroad in these difficult times. Glo made this known in a press statement issued in Lagos on Tuesday, they …
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The country’s foreign reserves fell by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, the latest figures from the Central Bank of Nigeria showed on Thursday. The CBN, in its February monthly report, entitled ‘Gross external reserves,’ said the reserves stood at $36.6bn at the end of …
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In an official signing ceremony in Abuja yesterday, Bulk Buyers Connect unveiled it’s brand ambassador. Bulk Buyers Connect was created to support very busy professionals, business men and women who need a trusted online platform to shop for their regular family groceries without having to visit the markets at very …
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Nigeria, Africa’s top oil producer, generated $206.06bn in revenue from crude oil exports in the last five years, the Organisation of Petroleum Exporting Countries has said. OPEC, in its 2020 Annual Statistical Bulletin released on Monday, said the country’s oil export revenue fell to $45.11bn in 2019 from $54.51bn in …
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