Fire Outbreak Causes Chaos at Murtala Muhammed Airport’s International Wing
Confusion and panic gripped the international wing of Murtala Muhammed Airport following a fire outbreak in one of the airport’s…
Day: September 6, 2023
PZ Cussons Offers to Buy Out Minority Shareholders of PZ Cussons Nigeria, Aims to De-List Amid FX Challenges
PZ Cussons, the soap maker, has announced its intention to acquire the remaining 26.73% stake held by minority shareholders in…
IT Software Management Startup Josys Raises $93 Million in Series B Round
1. Funding for IT Software Automation: Josys, a startup specializing in software-as-a-service (SaaS) solutions for automating corporate IT software application…
Wayflyer Secures $1 Billion Capital Injection from Neuberger Berman
E-commerce financing provider Wayflyer has successfully secured $1 billion in capital from investment management firm Neuberger Berman. This funding is…
IMF Recommends South Korea Maintain Restrictive Policies to Tackle Inflation and Strengthen Finances
The International Monetary Fund (IMF) has advised South Korea to retain its current restrictive monetary and fiscal policies to address…
G7 and Allies Pause Reviews of Russian Oil Price Cap Scheme
The G7 and its allies have halted their regular reviews of the Russian oil price cap scheme, despite Russian crude…
Nigerian Presidential Election Tribunal to Rule on Tinubu’s Victory
Nigeria’s presidential election tribunal is set to announce its decision on Wednesday regarding Bola Tinubu’s continued presidency, which was challenged…
African Development Bank Commits $25 Billion to Climate Finance by 2050
The President of the African Development Bank, Akinwunmi Adesina, has announced that the institution is committing to provide $25 billion…
UAE Announces $4.5 Billion Initiative to Boost Africa’s Clean Energy Potential
The COP28 President-Designate, Dr. Sultan Al Jaber, has unveiled a new initiative from the United Arab Emirates (UAE) that will…
Nigeria Holds $8.25 Billion Undisbursed World Bank Loan as of July 2023
Nigeria currently holds approximately $8.25 billion in undisbursed loans from the World Bank as of July 2023, according to data…
FMDQ Records Impressive Forex Turnover of $44 Billion in First Seven Months of 2023
According to the August edition of FMDQ Spotlight, the FMDQ (FMDQ Securities Exchange) reported an outstanding turnover of N22.98 trillion…
Oil Prices Inch Higher Amid Anticipation of Supply Tightening
Oil prices saw marginal gains, with Brent crude November futures rising by 3 cents to reach $88.58 a barrel, while…