Naira Sees Mixed Fortunes in Official Exchange Rate
On February 26, 2024, the Nigerian Naira witnessed a notable appreciation against the US dollar, with the official exchange rate…
Month: February 2024
FBN Holdings Emerges as Nigeria’s Most Capitalized Bank
On Monday, February 25th, 2024, FBN Holdings, Nigeria’s oldest bank, achieved the distinction of becoming the most capitalized bank in…
Mark Zuckerberg Discusses AI with Japanese Prime Minister
Mark Zuckerberg, the CEO of Meta Platforms, engaged in discussions about artificial intelligence (AI) with Japanese Prime Minister Fumio Kishida…
Bitcoin Tops $57 000 as Large Players Enter Market
Bitcoin reached a two-year high on Tuesday, driven by indications of significant investments from major players in the cryptocurrency market.…
Russia Implements Six-Month Ban on Gasoline Exports
In a bid to stabilize prices amidst rising demand from consumers and farmers, Russia has announced a six-month ban on…
CEO of Air Peace Limited Reveals Reasons for Choosing Gatwick Airport
Allen Onyema, the Chairman and CEO of Air Peace Limited, revealed that the airline opted for Gatwick Airport to operate…
Leatherback Set to Expand Internationally After EFCC’s Probing
Leatherback, a financial services technology company, is set to expand internationally with offices in the United Kingdom (UK), Nigeria, Ethiopia,…
Price of Foreign Rice Surges to N88,000, Experts Traces Cause
The cost of a 50kg bag of foreign rice has skyrocketed to over N88,000 in major stores across Nigeria, marking…
Companies in China Abandon Plans for IPOs over Tight Scrutiny
Companies have rushed to abandon their plans for initial public offerings (IPOs) in China this year due to the tightening…
Meta to set up team to counter disinformation, AI abuse in EU elections
Meta, the parent company of Facebook, announced plans to establish a team dedicated to addressing disinformation and the misuse of…
UK Regulators Warn Fundamental issues with Housebuilding
The Competition and Markets Authority (CMA) in Britain highlighted fundamental problems within the housebuilding market, hindering the construction of more…
US Investors Reduce Expectations Over Fed Rate Cut in 2024
A sell-off in the U.S. government bond market is gaining momentum, fueled by a robust economy that diminishes expectations for…
Downturn in US Refining Activity Tightens Diesel Supply
In recent weeks, a downturn in U.S. refining activity and disruptions to global trade have led to a tightening of…
CBN Pegs Payment of Cash Dollar at $500
The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying…
Tinubu Holds Emergency Meeting with Dangote, Elemelu and Others Over Econom
Nigerian President Bola Ahmed Tinubu took proactive steps to address the escalating economic challenges facing the nation by convening a…
Dangote, Tony Elemelu, Others Join Economic Advisory Committee
President Bola Tinubu inaugurated an Economic Advisory Committee on Sunday, consisting of prominent figures in the economic sector such as…
Geometric Power Plant in Aba Gets Commissioned by Pres. Tinubu Today
Today, February 26, 2024, marks a historic moment for Aba as President Bola Tinubu commissions the Geometric power plant, the…
European Union Commences 4-Day Working Visit to Nigeria
The Council of European Union’s Africa Working Party (COAFR) has commenced its first-ever four-day working visit to Nigeria, arriving in…
AVA Global Asset Launches 20bn Fund for Infrastructure Development
Ava Global Asset Managers Limited, a member of the AVA Capital Group, is launching a N20 billion fund as part…
NAPPS Decries Multiple Taxation by FG- Samira Jibril
Samira Jibril, the president of the National Association of Proprietors of Private Schools (NAPPS), expressed concern over the burden of…
Poverty Level Increases in Nigeria Despite High GDP Rate- Experts
The rise in the price of goods and commodities in Nigeria, despite the Gross Domestic Product (GDP) rising above 3…
NLC Raises Concern Over Alledged Violence Against Members
Comrade Joe Ajaero, the President of the Nigeria Labour Congress (NLC), has raised concerns about the federal government’s alleged plans…
Ava Global Asset Reveals 20bn Insurance, Enhances Infrastructure
Ava Global Asset Managers Limited has disclosed the issuance of N20 billion under its N200 billion Infrastructure Fund (IF) program,…
Uphold Regulations, EFCC Chairman Urges Bank CEOs
Mr. Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has emphasized the importance of adherence to…
Exchange Rate Fluctuates, Naira hits N1,900 and Rebounds to N1,354 Against USDT
In the past twenty-four hours, the Binance cryptocurrency platform encountered significant turbulence as the exchange rate between the naira and…
Neuralink’s Brain-Chip Patient Controls Computer Mouse with Thoughts
Elon Musk, the founder of Neuralink, announced that the first human patient implanted with a brain-chip from the startup has…
Ghana Cocoa Board CEO Advocates Higher Prices to Combat Cocoa Smuggling
Joseph Boahen Aidoo, CEO of the Ghana Cocoa Board (COCOBOD), affirmed the organization’s dedication to offering cocoa farmers competitive prices…
Foxconn Founder Terry Gou Resurfaces at Company’s Event
Terry Gou, the billionaire founder of Foxconn, made a high-profile appearance at the company’s 50th anniversary celebration, marking his first…
$240 Million Diversion at Zee Entertainment Enterprises
India’s market regulator has uncovered a preliminary finding suggesting that 20 billion rupees ($240 million) has been diverted from Zee…
London’s BT Tower Sold for $347 Million, Set to Transform into Hotel
BT Group has agreed to sell London’s iconic BT Tower to MCR Hotels for £275 million ($347 million), paving the…