The NDIC has taken over 46 microfinance banks whose licenses were revoked by the CBN. Learn about the liquidation process and depositor payment. Read More: https://punchng.com/ndic-takes-over-46-delicensed-microfinance-banks/
Category: Business
Equities market sheds N2.39tn in July opening session
The Nigerian equities market opened July with a N2.39tn loss, driven by selling pressure on major stocks. Stay updated on market trends and investor sentim Read More: https://punchng.com/equities-market-sheds-n2-39tn-in-july-opening-session/
Rocket Lab continues buying spree by acquiring satellite company Iridium
The all-stock deal values Iridium at $8 billion and gives Rocket Lab even more firepower to compete against Amazon and SpaceX.
Osinbajo seeks innovative financing for Africa’s healthcare systems
Former VP Osinbajo and stakeholders advocate innovative healthcare financing models to address Africa’s funding challenges and expand access to care. Read More: https://punchng.com/osinbajo-seeks-innovative-financing-for-africas-healthcare-systems/
Artificial food seasonings flood Nigerian markets as cardiovascular diseases surge
Artificial food seasonings are flooding Nigerian markets with little regulation. Discover how their excessive consumption is linked to surging cardiovascul Read More: https://punchng.com/artificial-food-seasonings-flood-nigerian-markets-as-cardiovascular-diseases-surge/
Police rule out terrorism, explosives in Lagos market blast
Lagos police confirm Mushin market blast was a mechanical explosion, ruling out terrorism or explosives. Learn more about the incident. Read More: https://punchng.com/police-rule-out-terrorism-explosives-in-lagos-market-blast/
TCN restores power to Lagos after grid disturbance
The Transmission Company of Nigeria (TCN) has restored bulk power supply to Lagos following a national grid disturbance. Learn more about the Lagos power r Read More: https://punchng.com/tcn-restores-power-to-lagos-after-grid-disturbance/
Bose thinks it can be a media company for some reason
The history books are littered with the corpses of corporate record labels started by companies that had no business being in the music industry. Bose thinks it can be the exception to the rule. It…
Tinubu orders Abuja land allocation for Abdulsalami Abubakar centre
President Tinubu directs allocation of land in Abuja for the Abdulsalami Abubakar African Resource Centre, pledging federal funding for its construction. Read More: https://punchng.com/tinubu-orders-abuja-land-allocation-for-abdulsalami-abubakar-centre/
Mistral is rumored to be raising €3B at €20B valuation
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.