Shell Opted for Shorter Prelude LNG Maintenance Over Year-Long Fix – Sources
Shell considered shutting down its Prelude liquefied natural gas (LNG) facility in Australia for a year to address persistent operational…
Day: September 7, 2023
China’s Economic Woes Pose Risk to Japan’s Fragile Recovery
Policymakers in Tokyo are concerned that China’s ongoing economic challenges could negatively impact Japan’s tenuous recovery. This risk is particularly…
U.N. Chief Warns of “Great Fracture” in Global Economic Systems
U.N. Secretary-General António Guterres has cautioned about the risk of a “great fracture” in the world’s economic and financial systems.…
Bank-Owned Brokers Outperform Standalone Counterparts in Profits
Bank-owned stockbrokers and investment banks, supported by alternative revenue streams, have outperformed standalone rivals in terms of profits. SBG Securities,…
KCB Group to Infuse $100 Million into KCB Bank Kenya for Recapitalization
KCB Group, a major financial institution, is planning to inject $100 million (approximately Sh14.5 billion) into KCB Bank Kenya. This…
MetaMask Adds Cash-Out Feature, Allowing Users to Convert Crypto to Fiat
MetaMask, the largest self-custodial internet-connected wallet with over 22 million users, has introduced a cash-out feature that enables users to…
500 Global Closes $143M for Largest Southeast Asia Early-Stage Fund
500 Global, a venture firm and seed accelerator, has successfully closed a $143 million financing round for its biggest Southeast…
Shell Executive Notes Significant, Though High, Reduction in Global LNG Prices
Steve Hill, the Executive Vice President at Shell, acknowledged a significant but still historically high reduction in liquefied natural gas…
Nigeria Secures $14 Billion Pledges from Indian Investors, Eyes Economic Cooperation Pact
Nigerian President Bola Tinubu has garnered pledges of nearly $14 billion from Indian investors, signaling a growing economic cooperation between…
G20 to Grant Permanent Membership to African Union
The G20, a grouping of major world economies, has reportedly agreed to grant permanent membership to the African Union, according…
Nigerian Minister Pledges to Review Land Use Act in Collaboration with World Bank
The Nigerian Minister of Housing and Urban Development, Mr. Ahmed Musa Dangiwa, has affirmed his commitment to collaborating with stakeholders…
Nigerian Postal Service Unveils Commemorative Stamp for Pan African Postal Union Tower Launch
The Nigerian Postal Service (NIPOST) has introduced a commemorative stamp valued at N255 to mark the launch of the Pan…
Nigerian Government Increases Pre-paid Electricity Meter Prices Amid Public Discontent
The Federal Government of Nigeria has announced a rise in the prices of single-phase and three-phase pre-paid electricity meters, effective…
Tribunal Upholds Bola Tinubu’s Presidential Victory; Dismisses Petitions
The Presidential Election Petition Tribunal has validated Bola Tinubu’s victory in Nigeria’s February election, dismissing the petitions filed by Atiku…
President Tinubu Advocates $10 Billion Annual Investment for Nigeria’s Energy Transition Plan
During the Africa Climate Summit held in Kenya, President Bola Tinubu emphasized the need for an annual investment of $10…