Tag: business

New data from the Department of Education shows that international student enrolments in Australia surpassed one million for the first time in the year 2024. A total of 1,018,799 enrolments were recorded, marking an increase of 128,447 from the previous year, Macrobusiness informs. This growth is attributed to both universities and Vocational Education and Training…

Telecommunications group, Airtel Africa has announced the commencement of a second share buyback, which would see the company return $100 million to its shareholders. The company announced this on Monday via a statement published on the Nigeria Exchange Group, (NGX) website. This followed the conclusion of an initial $100 million share buyback, which the company…

NNPC Limited, Nigeria’s premier energy company, has officially joined the Oil and Gas Methane Partnership (OGMP) 2.0, solidifying its commitment to environmental sustainability. The announcement was made via a statement shared on X (formerly Twitter) on Monday. This landmark move aligns with NNPC’s strategic goal of achieving net zero methane intensity by 2030, emphasizing its…

The African Development Bank’s Sustainable Energy Fund for Africa has ramped up its development drive on the continent with its recent $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund and $10 million equity investment in the Persistent Africa Climate Venture Builder Fund (ACV Fund). The investment with the ARM-Harith Successor Infrastructure…

Penny stocks have continued to show resilience and growth in 2024. As of the close of trading on Friday, December 13, 2024, 23 of these low-cost shares, often valued below N5.00, recorded year-to-date (YTD) gains above Nigeria’s November 2024 inflation rate. The top ten standout performers include Tantalizers Plc, RT Briscoe, Veritas Assurance, Cornerstone Insurance,…

Metaplanet, a publicly listed Japanese company has increased its Bitcoin holding by acquiring fresh 620 BTC worth $60.6 million. The Tokyo-based company joins the growing list of firms acquiring Bitcoin on a large scale and holding strategic reserves of the leading crypto asset. Metaplanet revealed the fresh development in a financial statement shared via its…

The Federal Ministry of Interior has  declared December 25, 26, 2024, and January 1, 2025, as public holidays to mark this year’s Christmas, Boxing Day, and New Year celebration. This was announced in a statement signed by the ministry’s Permanent Secretary, Dr. Magdalene Ajani. The Minister of Interior, Dr. Olubunmi Tunji-Ojo, on behalf of the Federal…

Chile’s Job Seeker Visa (Visa SUJE) is now accepting applications for 2025, offering professionals from around the world the chance to explore employment opportunities in the country. The visa allows foreign workers to stay in Chile for six months while seeking a job. This program continues to support skilled workers, addressing labour shortages in various…

Culled from remarks by Aigboje Aig-Imoukhuede CFR, Chairman, Access Holdings & Coronation Group  Gazelles. Camels. Elephants. In the language of venture capital, we have a full menagerie to describe a startup’s growth progression. However, in the past decade, the ultimate aspiration remains the unicorn: privately held companies valued at over $1 billion. Globally, there are…

Saipem, in partnership with two Nigerian companies, KOA Oil & Gas and AVEON Offshore, has secured an offshore contract valued at approximately $1 billion from Shell Nigeria Exploration and Production Company Limited (SNEPCo). This collaboration marks a critical step forward in the Bonga North Project, a deepwater oil and gas initiative located 130 kilometers off…

Nigeria’s inflation rate surged for the third consecutive month in November to reach 34.6%, the highest level in over 28 years, according to data from the statistics agency. The inflation has been exacerbated by recent floods in the country’s northern regions, which have caused prices of staple foods like yam, corn, and rice to soar.…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reassured Nigerians that there is sufficient fuel supply in the country and urged citizens to avoid panic buying. This was announced by IPMAN Publicity Secretary, Mr. Ukadike Chinedu in a statement on Sunday, in Abuja, where he highlighted that there was no cause for alarm regarding…

Canadians, including newcomers and temporary residents, will soon see a new round of payments from the Canada Revenue Agency (CRA) starting in January 2025. These payments are aimed at helping individuals and families with rising living costs. Immigration News Canada (INC) reports that the government has rolled out five key benefit programs, and knowing how…

As the holiday season draws near, Nigerians are grappling with a record-high transport inflation rate of 30.54% in November 2024, according to the Consumer Price Index report by the National Bureau of Statistics (NBS). This figure, the highest recorded this year, underlines the escalating cost of transportation for individuals and businesses alike. Transport inflation has…

Elon Musk’s microblogging platform, X, has jerked up the subscription price for its Premium+ plan globally, with users in Nigeria seeing one of the highest increments of 51%. According to X, the Premium+ subscription, which completely removes ads for users, among other features, will now cost Nigerian users N34,000 per month, up from N22,550. The…

A new political group, primarily comprised of northern elements allegedly sidelined within the All Progressives Congress (APC), is poised to emerge as the main opposition to President Bola Tinubu’s administration in 2025. This prediction is outlined in a recent SBM Intelligence report titled “The Year Ahead – Caught in Currents”, released on December 20, 2024.…

Prince Daniel, the Director of Mai Martaba, has explained how the film got nominated as Nigeria’s Official Submission for the 2025 Oscars. Prince Daniel is a prominent figure in the Nigerian film industry and social causes who has won multiple awards, including at the African Film Festival (TAFF) in the United States while earning nominations…

Penny stocks have continued to show resilience and growth in 2024. As of the close of trading on Friday, December 13, 2024, 23 of these low-cost shares, often valued below N5.00, recorded year-to-date (YTD) gains above Nigeria’s November 2024 inflation rate. The top ten standout performers include Tantalizers Plc, RT Briscoe, Veritas Assurance, Cornerstone Insurance,…

By Dipo Olowookere The Nigerian Exchange (NGX) Limited recorded 1.76 per cent week-on-week growth last week on the back of a continued buying interest. The demand for Nigerian stocks has continued to grow as a result of renewed investor confidence in the domestic equity market because of its resilience amid challenging macroeconomic environment. Last Monday,…

Managing resources efficiently is essential for businesses aiming to maintain a competitive edge. Rising energy costs, fluctuating commercial gas prices, and increasing business electricity tariffs can significantly impact profitability. A successful energy management strategy helps companies control business energy bills, optimise usage, and implement energy-efficient measures. Utility Bidder has shown how proactive energy management can…