Egypt Secures IMF Support Package, Reduce Budget Deficit
Egypt has embarked on significant initiatives aimed at decreasing its budget deficit, including the sale of real estate assets and…
Month: March 2024
Senegalese Opposition Coalition Unveils Campaign Platform
A Senegalese opposition coalition, supported by the influential figure Ousmane Sonko, launched its presidential campaign platform on Saturday, outlining ambitious…
Central African States Lift Sanctions, Reintegrate Gabon into Regional Bloc
The Economic Community of Central African States (ECCAS) decided to lift sanctions on Gabon and reintegrate it into the regional…
Chinese Regulators Urge Financial Support for China Vanke
Chinese regulators have reportedly convened meetings with financial institutions to address the challenges faced by state-backed property developer China Vanke.…
Yen Strengthens Against Dollar Despite BOJ Policy Shift
The yen saw gains against the dollar on Monday amidst indications that the Bank of Japan (BOJ) may exit negative…
Australia Poised for Interest Rate Cuts- Macquarie Group CEO
Macquarie Group CEO, Shemara Wikramanayake, forecasts that Australia’s economy is primed for interest rate reductions in 2024, aiming for a…
Nvidia is Sued by Authors Over AI use of Copyrighted Works
Nvidia, renowned for its chips powering artificial intelligence, faces legal action from three authors who claim the company used their…
Governors Assures Action on Food Crisis and Economic Hardship
The Nigeria Governors’ Forum (NGF) comprising governors from all thirty-six states has pledged to tackle the challenges of food crisis,…
Court Orders Final Forfeiture of Exotic Cars ‘Stolen’ from Canada
A Federal High Court in Lagos has issued a final forfeiture order for 36 luxury cars that were reportedly stolen…
Allegations of Budget Padding Cause Panic Among Senators
A former deputy leader of the Senate and current lawmaker from Bauchi State, Abdul Ningi, has stirred up controversy by…
Nigerian Workers Await New Minimum Wage
Lqst Thursday marked the commencement of discussions on the new minimum wage across Nigeria, sparking hope among Nigerian workers. The…
Vitafoam Nigeria Plc Shareholders Approve N1.95 Billion Dividend
At the 62nd Annual General Meeting (AGM) of Vitafoam Nigeria Plc in Lagos, shareholders unanimously approved the company’s initial declared…
African Alliance Vows to Prioritize Stakeholder Satisfaction
African Alliance Insurance reaffirms its dedication to surpassing the expectations of its stakeholders, particularly during these challenging times. The company…
Demand for Transpower, FBNH drive NGX ASI up by 2.61%
Nigeria’s stock market witnessed a resurgence of positive sentiments fueled by strong demand for shares of Transpower, FBN Holdings, and…
President Tinubu Orders Return of Seized Food Items to Owners
President Bola Tinubu has instructed the Nigeria Customs Service (NCS) to return food items seized at various border communities to…
Bank of Industry Disburses $6.02 Million to Women
The Bank of Industry (BOI) has announced the disbursement of $6.02 million out of its $10 million investment commitment to…
Exchange Disparity Narrows to 0.4%
Following recent market reforms and interventions by the Central Bank of Nigeria (CBN), there are indications of improvement in the…
AfDB President Unveils $25 Billion Agriculture Investment Plan
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), is committed to tackling Africa’s food insufficiency challenge head-on. He…
Nigeria’s Inflation to Reach 30.3% by Year’s End- EIU
The Economist Intelligence Unit (EIU), a renowned London-based firm specializing in forecasting economic trends and political dynamics worldwide, has projected…
PenCom Denies Granting N10 Trillion Loan to FG
Mrs. Aisha Dahir-Umar, the Director-General of the National Pension Commission (PenCom), refuted reports claiming that the commission provided a N10…
Airline Operators Face Decline in Domestic Passengers
Nigeria’s airline operators are experiencing a challenging period characterized by a decline in the number of domestic passengers, as revealed…
Tinubu Signs Executive Orders on Oil, Gas Reforms
President Bola Tinubu has signed new rules to make Nigeria a prime destination for investments in the oil and gas…
African Startups Raised $217 Million in February 2024 -Report
In February 2024, startups across Africa received a remarkable $217 million in investments, marking a significant surge of 182% from…
No Worker Can Survive in Nigeria with Less than N100,000 Monthly – House of Reps
The Nigerian House of Representatives has expressed concern over the inadequate minimum wage for workers in the country, asserting that…
‘AMCON’s New Leadership will Improve Debt recovery’
Raheem Ajayi, a public commentator, believes that the newly appointed Managing Director of the Asset Management Corporation of Nigeria (AMCON),…
CBN Issues Warning to Mortgage Banks and Financial Institutions
The Central Bank of Nigeria (CBN) has issued a stern warning to primary mortgage banks (PMBs), development finance institutions, and…
Africa’s gas production fields declining, AEC warns
NJ Ayuk, the Executive Chairman of the African Energy Chamber, has raised an alarm about the declining state of many…
Firm Launches Gas Initiative for Boat Operators
Blue Gas Marine, a US-based company, has introduced compressed natural gas (CNG) for operating passenger boats and ferries in Nigeria.…
24 States Can’t Pay Salaries without FG Allocation – Budgets
A recent investigation by The PUNCH reveals that at least 24 states in Nigeria may struggle to pay workers’ salaries…
Toilet Paper, Soap Among Nigeria’s Top Import from UK in 2023
Here’s a breakdown of the top 5 imported goods from the United Kingdom to Nigeria in the last six months…