Airbus Enhances Production Capabilities for A321XLR in Hamburg
Airbus has inaugurated a new automated A321XLR aircraft equipment installation hangar in Hamburg, a move aimed at…
Yearly Archives
2023
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…
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…
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…
Bank-Owned Brokers Outperform Standalone Counterparts in Profits
Bank-owned stockbrokers and investment banks, supported by alternative revenue streams, have outperformed…
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…
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…
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…
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…
Nigeria Secures $14 Billion Pledges from Indian Investors, Eyes Economic…
Nigerian President Bola Tinubu has garnered pledges of nearly $14 billion from Indian investors, signaling a…
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…
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…
Nigerian Postal Service Unveils Commemorative Stamp for Pan African Postal Union…
The Nigerian Postal Service (NIPOST) has introduced a commemorative stamp valued at N255 to mark the launch of the…
Nigerian Government Increases Pre-paid Electricity Meter Prices Amid Public…
The Federal Government of Nigeria has announced a rise in the prices of single-phase and three-phase pre-paid…
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,…
President Tinubu Advocates $10 Billion Annual Investment for Nigeria’s…
During the Africa Climate Summit held in Kenya, President Bola Tinubu emphasized the need for an annual investment…
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…
PZ Cussons Offers to Buy Out Minority Shareholders of PZ Cussons Nigeria, Aims to…
PZ Cussons, the soap maker, has announced its intention to acquire the remaining 26.73% stake held by minority…
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…
Wayflyer Secures $1 Billion Capital Injection from Neuberger Berman
E-commerce financing provider Wayflyer has successfully secured $1 billion in capital from investment management…
IMF Recommends South Korea Maintain Restrictive Policies to Tackle Inflation and…
The International Monetary Fund (IMF) has advised South Korea to retain its current restrictive monetary and…
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…
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…
UAE Announces $4.5 Billion Initiative to Boost Africa’s Clean Energy…
The COP28 President-Designate, Dr. Sultan Al Jaber, has unveiled a new initiative from the United Arab Emirates…
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,…
FMDQ Records Impressive Forex Turnover of $44 Billion in First Seven Months of…
According to the August edition of FMDQ Spotlight, the FMDQ (FMDQ Securities Exchange) reported an outstanding…
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…
Nigeria’s External Reserves Experience Marginal Uptick in August 2023″
In August 2023, Nigeria's external reserves saw a slight increase of $1.87 million, attributed to the Central Bank…
Nigeria Aims to Submit 2024 Budget to Parliament by October End
The Ministry of Budget and Economic Planning has revealed plans to present the 2024 budget to the House of…