Business World John Mahama Proposes 24-Hour Economy in Ghana February 21, 2024 Ekemini Uba John Dramani Mahama, the flag bearer of the National Democratic Congress (NDC), unveiled his plan for a 24-hour economy initiative aimed at facilitating businesses to operate three shifts per day.…
Business Finance World Rio Tinto Reports 12% Decline in Annual Earnings February 21, 2024 Ekemini Uba Rio Tinto disclosed a 12% decrease in annual earnings on Wednesday, amounting to $11.8 billion for 2023, down from $13.4 billion the previous year. The decline, attributed mostly to lower…
Asia Stock World Japanese Stocks Stage Comeback February 21, 2024 Ekemini Uba The Nikkei’s surge towards a record high symbolizes Japanese stocks’ resurgence in global portfolios, marking a significant turnaround after decades of stagnation. With the Nikkei up 50% in just over…
Business Investing Local Tinubu Aims to Boost Economy with $10 Billion Injection February 21, 2024 Ekemini Uba President Bola Tinubu announced plans to secure $10 billion to bolster foreign exchange liquidity, stabilize the naira, and foster economic growth. Speaking at the public wealth management conference in Abuja…
Business Local Nigeria Customs Service to Distribute Seized Food Items February 21, 2024 Ekemini Uba The Nigeria Customs Service announced plans to directly distribute seized food items to Nigerians as a response to the country’s food security challenges and the skyrocketing prices of essential food…
Breaking Business Local Hafsat Bakari Appointed CEO of Nigerian Financial Intelligence Unit February 21, 2024 Ekemini Uba President Bola Tinubu has appointed Hafsat Bakari as the Chief Executive Officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU). The announcement was made by Ajuri Ngelale, the presidential spokesperson,…
Business Local Cement Manufacturers Exploit Nigerians Amidst Exchange Rate- Minister February 21, 2024 Ekemini Uba Arc. Musa Dangiwa, the Minister of Housing and Urban Development, voiced concerns over cement manufacturers exploiting fluctuating foreign exchange rates to substantially hike cement prices, exacerbating Nigeria’s economic challenges. The…
Breaking Business Local NARTO Suspends Nationwide Strike February 21, 2024 Ekemini Uba The Nigerian Association of Road Transport Owners (NARTO) has decided to halt its plans for a nationwide strike and instructed its members to resume operations immediately. This decision follows a…
Business Local Red Cross Supports 5000 Households with Cash, Food, Others February 21, 2024 Ekemini Uba In response to the escalating hunger crisis in Nigeria, the Nigerian Red Cross Society (NRCS) has escalated its efforts to assist vulnerable families across affected states. Already, approximately 5,000 households…
Breaking Business Local Geometric Power Plant in Aba to be Commissioned Feb 26 February 21, 2024 Ekemini Uba The commissioning of the 181-megawatt Geometric Power plant in Aba, Abia State, originally slated for February 24, has been rescheduled to February 26, 2024. The announcement came from the company’s…
Business Commodities Local People Can No Longer Afford Beer- CEO February 20, 2024 Ekemini Uba Hans Essaadi, the Chief Executive Officer of Nigerian Breweries Plc, voiced concerns about the deteriorating economic conditions in Nigeria, stating that citizens are finding it increasingly difficult to afford beer.…
Breaking Local Nigeria Implements 30-Second Biometric Clearance Gates at International Airports February 20, 2024 Ekemini Uba In line with international standards and best practices, the Nigerian federal government has introduced 30-second biometric clearance gates at all international airports nationwide, managed by the Nigeria Immigration Service (NIS).…
Business Commodities Local Ministry of Power, Aso Villa, Others Faces Power Outage Over Debt February 20, 2024 Ekemini Uba The Abuja Electricity Distribution Company (AEDC) has revealed that a total of 86 ministries, agencies, and departments of the government collectively owe the company a staggering sum of N47 billion.…
Business Local Naira Devaluation Triggers EFCC’s Raid on BDC Operators February 20, 2024 Ekemini Uba The Nigerian naira continued its downward trajectory against the United States dollar on Monday, causing distress among citizens as both the official and parallel foreign exchange markets witnessed significant depreciation.…
Local Wema Bank Partners with NYSC, Launch New Program February 20, 2024 Ekemini Uba Wema Bank has joined forces with the National Youth Service Corps (NYSC) to introduce the NYSC-ALAT Accelerator Programme, unveiled during the signing of a Memorandum of Understanding ceremony in Abuja.…
Business Local Pension Fund Administrators Report Positive Returns February 20, 2024 Ekemini Uba Seventeen Pension Fund Administrators (PFAs) in Nigeria achieved an average return of 2.81% in January 2024, marking positive returns across the four retirement savings accounts tracked by Nairalytics, the research…
Breaking Business Local Protests Emerge in Ibadan Over Economic Hardships February 20, 2024 Ekemini Uba Residents of Ibadan, Oyo State, took to the streets on Monday to express their grievances regarding the economic challenges prevailing in the nation. Originating from the Mokola area of Ibadan,…
Asia World China Expands Security Partnership with Hungary Beyond Trade February 20, 2024 Ekemini Uba In a recent meeting with Hungarian Prime Minister Viktor Orban, China extended its support to Hungary on public security matters, surpassing their traditional trade and investment ties. This move comes…
World Yulia Navalnaya Joins EU Ministers to Condemn Putin’s Regime February 20, 2024 Ekemini Uba Yulia Navalnaya, widow of Alexei Navalny, a vocal opponent of Russian President Vladimir Putin who tragically passed away in an Arctic prison, will participate in discussions with EU foreign ministers…
Local India To Ease Farmer Protests with Support Prices for Pulse, Corn, Others February 20, 2024 Ekemini Uba In a bid to resolve tensions with protesting farmers, India has announced guaranteed support prices for pulses, corn, and cotton, according to Trade Minister Piyush Goyal. The move comes after…
World Rio Tinto Faces Investor Scrutiny Over Water Practices February 20, 2024 Ekemini Uba Global mining giant Rio Tinto, previously embroiled in controversy for destroying an ancient Indigenous site in Australia in 2020, now encounters fresh scrutiny from investors and lenders regarding its water…
Asia Business World Super Micro Computer Inc Faces Varied Analyst Sentiment February 20, 2024 Ekemini Uba Despite recent fluctuations, Super Micro Computer Inc (SMCI.O) confronts diverse analyst sentiments as reflected in the latest data from LSEG. The median price target for the stock stands at $635.29,…
Asia Business Trade World Japan Pledges Bilateral Treaties with Ukrainian Prime Minister February 20, 2024 Ekemini Uba In a diplomatic move, Japan welcomed Ukrainian Prime Minister Denys Shmyhal in Tokyo on Monday to discuss Ukraine’s reconstruction efforts amidst the ongoing conflict. Prime Minister Fumio Kishida affirmed Japan’s…
Asia Business World European and Global Markets Overview- Wayne Cole February 20, 2024 Ekemini Uba Despite high expectations, China’s market comeback post-holiday has been rather subdued, with stocks showing only modest gains thus far. While tourism revenues surged by 47% during the Lunar New Year…
Local Analysis of Nvidia’s Earnings Report and Impact on the Market February 20, 2024 Ekemini Uba Wednesday’s earnings report from chipmaker Nvidia (.NVDA) is anticipated to serve as a critical assessment for one of the market’s leading names, especially amidst the fervor surrounding artificial intelligence (AI)…
Business Commodities Local House Committee Urges Urgent Reconstruction of Nigerian Ports February 15, 2024 Ekemini Uba The House of Representatives Committee on Ports and Harbours, led by Chairman Nnolim Nnaji, has called upon the Federal Government to take immediate action in reconstructing key ports across the…
Energy Local Power Outages Affect 14 Communities in Ogun State February 15, 2024 Ekemini Uba Over 14 communities in Ogun State are grappling with power outages attributed to technical faults in power installations, according to the Ibadan Electricity Distribution Company (IBEDC). The spokesperson, Busolami Tunwase,…
Business Finance Local FG Plans to Raise N2.5 Trillion Through Bonds- DMO February 15, 2024 Ekemini Uba the Federal Government, through the Debt Management Office (DMO), aims to raise N2.5 trillion in its second FGN bonds auction of the year. The offerings, detailed in a circular released…
Business Commodities Local Oil Marketers Ready to Lower Fuel Prices February 15, 2024 Ekemini Uba Independent oil marketers in Nigeria have expressed their willingness to sell premium motor spirit (PMS), commonly known as fuel, at rates lower than those offered at Nigerian National Petroleum Company…
Finance Finance Local Stock Trade Naira Depreciates as FX Market Witnesses Decline in Dollar Supply February 15, 2024 Ekemini Uba The foreign exchange (FX) market in Nigeria experienced a notable 56.58% decrease in dollar supply on Wednesday, following a surge in liquidity just two days prior, attributed to interventions by…
