The Abuja Chamber of Commerce and Industry (ACCI) has advised the Abuja Municipal Area Council (AMAC) and other government bodies against alleged plans to impose N100,000 levy on bakery and other businesses. Dr Al-Mujtaba Abubakar, ACCI President, in a statement on Thursday in Abuja called the attention of the Abuja area council to the current…
Bitcoin extended gains past $32,000, continuing a rebound after erasing most of its gains for the year. The latest leg up came in as Elon Musk, Jack Dorsey and Cathie Wood spoke during a panel on the future of Bitcoin. The largest digital currency rose more than 8% to about $32,270 as of 2:27 p.m….
Saudi Aramco confirmed that some company files were leaked after hackers reportedly demanded a $50 million ransom from the world’s most-valuable oil producer. “Aramco recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors,” the Middle Eastern oil major said Wednesday in an email. “We confirm that…
Nigeria is poised to boost its non-oil exports leveraging the Economic Community of West African States (ECOWAS) Trade Promotion Organisations (TPOs) Network. The network, which was recently inaugurated, is geared towards increasing the volume of trade within the region. Mr Segun Awolowo, the Executive Director of the Nigerian Export Promotion Council, NEPC, is also the inaugural President…
By Emmanuel Udodinma The President of Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Ide John Udeagbala, has called on Nigerians to reflect and imbibe the exemplary virtues shown by Prophet Ibrahim, while also felicitating with Muslims as they celebrate this year’s Eid al-Kabir. Udeagbala, who gave the advice in his Sallah…
Transaction on the Nigerian stock market closed on a positive note ahead of the Eid-el-Kabir celebration with a marginal growth of 0.01 per cent. Specifically, the All-Share Index rose by 5.47 per cent to close at 37,952.65 against 37,947.18 achieved on Friday. Similarly, the market capitalisation rose by two billion naira or 0.01 per cent…
The Central Bank of Nigeria (CBN) has partnered with some cyber security stakeholders to launch a new cyber awareness campaign tagged ‘# NoGoFallMaga’. The News Agency of Nigeria (NAN) reports that the initiative was launched in collaboration with Committee of Chief Information Security Officers of the Nigeria Financial Industry (CCISONFI) and Cybersafe Foundation (CSF). Mr…
Robinhood Markets Inc. is seeking a valuation of $35 billion in its initial public offering, just short of the highest analyst projections, as the free trading app advances toward a debut likely to draw in buyers from its own novice investor base. The company at the center of this year’s meme stock frenzy will market…
The Nigerian Communications Commission (NCC), says it is yet to renew Airtel’s Mobile Operating License. Dr Ikechukwu Adinde, NCC’s Director of Public Affairs, made this known in a statement on Sunday, in Abuja. According to him, the attention of the NCC was drawn to a recent statement on an online publication, credited to the Managing…