MTN and Airtel Increase Investments Despite Economic Challenges
Despite Nigeria’s economic challenges, two major telecommunication giants, MTN Nigeria Communications Plc and Airtel Africa Plc, bolstered their investments in…
Month: March 2024
Banks Raise Lending Rates Following CBN’s Record MPR Hike
In response to the Central Bank of Nigeria’s (CBN) significant increase in the Monetary Policy Rate (MPR), Nigerian banks have…
Edun Blames Inflation on ‘Eight Years of Printing Money without Productivity’
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has attributed the current inflation in Nigeria to…
SEC Introduces Guidelines for Digital Asset Service Providers
The Securities and Exchange Commission (SEC) has announced the development of new guidelines for licensing, registration, and screening of digital…
Reps Move to Establish National Tax Crimes Commission
The House of Representatives has moved forward a bill for the establishment of a National Tax Crimes and Oversight Commission,…
Former Google Engineer Indicted for Stealing AI Secrets to Aid Chinese Companies
A former Google software engineer, Linwei Ding, also known as Leon Ding, has been indicted in California for allegedly stealing…
South Africa’s Current Account Deficit Widens Sharply in Fourth Quarter
South Africa’s current account deficit significantly expanded in the fourth quarter of 2023, reaching 2.3% of gross domestic product (GDP)…
Egyptian pound stable after devaluation, IMF deal
Egypt’s currency remained stable at around 49.5 pounds to the dollar as the market opened on Thursday, following the central…
Airtel Buys Back 991,861 Shares from Citigroup
Airtel Africa recently made a significant move in the stock market by purchasing nearly 992,000 units of its shares valued…
Abdulwaheed Odusile Appointed as CEO of KAFTAN Television
Qbdulwaheed Odusile, the former Commissioner for Information and Strategy in Ogun State, has been appointed as the new Chief Executive…
Evercare Hospital Partners with MED-EL Electronics to Address Childhood Hearing Impairment
Evercare Hospital, in collaboration with MED-EL Electronics, has entered into a Memorandum of Understanding aimed at addressing hearing impairment in…
Transcorp Power, FBN Holdings lift Market Cap by N194bn
The Nigerian Exchange witnessed a significant N194 billion gain in market capitalization on Tuesday, largely propelled by the strong performance…
Nigerian Exchange Tops Africa with 33.70% Gain
“The Nigerian Exchange (NGX) has emerged as Africa’s leading exchange in the first two months of 2024, boasting an impressive…
BIC Achieves Double-Digit Revenue Growth
BIC, a leading manufacturing corporation known for its stationeries, lighters, and shavers, has reported a substantial double-digit revenue growth across…
Stakeholders Push for Private Terminal Involvements in Regional Flights
The delay in government approval for the use of Murtala Muhammed Airport Terminal Two (MMA2) for regional flights is causing…
Naira’s Official Exchange Rate Falls by 4.26%
The official exchange rate of the naira against the dollar concluded its three-day winning streak, experiencing a significant decline of…
Tinubu Says his Administration Has Attracted $30 Billion FDI Commitments in 9 Months
President Bola Tinubu disclosed that his administration has secured $30 billion in Foreign Direct Investment (FDI) commitments within the initial…
Libya’s Central Bank Governor Calls for Unified Government
Sadiq Kabir, the governor of Libya’s central bank, announced the devaluation of the dinar currency and urged the approval of…
Dangote Plans Oil Trading Arm for Nigerian Refinery, Sources Say
Africa’s wealthiest individual, Aliko Dangote, is reportedly considering establishing an oil trading arm, possibly based in London, to oversee crude…
Oil Prices Rebound Despite Demand Growth Concerns in China, U.S
Oil prices experienced a modest rebound on Wednesday following extended declines, as indications of supply tightness due to output cuts…
Asia stocks climb; Gold, Bitcoin Drift after Hitting Record Highs
Asian stocks saw gains on Wednesday as traders anticipated policy indications from Beijing during its week-long annual parliamentary session. Investors…
Report Urges Safe Dismantling of Shell’s Infrastructure
A report on the environmental impact of multinational companies in Nigeria stresses the need for Shell to safely dismantle its…
Waymo Launches Driverless Passenger Services in Austin, Texas
Alphabet’s Waymo announced on Tuesday its commencement of driverless passenger services for its employees in Austin, Texas, starting Wednesday. Waymo…
Power Outage Disrupts National Assembly Proceedings
A significant power outage at the National Assembly on Tuesday caused delays and disruptions to crucial legislative activities. The Senate…
EFCC Intercepts 21 Trucks Loaded with Smuggled Goods
Operatives of the Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) intercepted 21 trucks loaded with food…
Google Africa’s Boss Wins Silverbird Awards
Alex Okosi, the Managing Director of Google Africa, was awarded the Iconic Pioneer Award at the 2023 Silverbird Man of…
Binance Discontinues Naira Services Amid Government Scrutiny
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira (NGN) on its platform, effective…
Tesla’s Halts Production in Germany After Arson Attack
Tesla’s European Gigafactory near Berlin has ceased operations until further notice following what CEO Elon Musk described as an “extremely…
Ghana Faces $3.8 Billion Funding Cut Over Anti-LGBTQ Bill
The Ghanaian government stands to lose $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ…
Abuja Businessman Reacts As Hoodlums Invade, Loot His Warehouse
Murtala Ibrahim Gusau, an Abuja-based businessman, responded to the invasion of his warehouse by suspected hoodlums in the Karmo area…