EFCC Reveals 70% of Financial Crimes Linked to Banking Sector
During the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria in…
Month: March 2024
Navy Apprehends Ghanaian Vessel for Alleged Crude Oil Theft
The Nigerian Navy announced the arrest of a Ghanaian vessel, Motor Tanker SWEET MIRI, along with its 13-member crew, suspected…
Binance Executives In NSA Custody, Can’t Attend N’Assembly Hearing – Lawyer
The House of Representatives demanded the arrest of top executives of Binance Holdings Limited, a cryptocurrency exchange platform, over allegations…
Aliko Dangote Renames Road after Late Herbert Wigwe
Aliko Dangote, the wealthiest black man globally, announced the renaming of the road leading to the Dangote Oil Refinery in…
Nigerian Police Ban Use of POS Transactions in Stations
Inspector-General of Police, Kayode Egbetokun, has prohibited the use of Point-of-Sales (POS) and other electronic mobile money transaction devices within…
IMF Urges Nigerian Government to Address Widespread Hunger
The International Monetary Fund (IMF) has called on the Nigerian government to take immediate action to combat widespread hunger while…
Nigeria’s Oil Production Faces OPEC Cut Hurdle
Nigeria, Africa’s largest crude oil producer, confronts challenges in its oil production amid OPEC and its allies’ decision to extend…
Final Farewell to Herbert Wigwe: Political and Business Leaders Pay Tribute
The Eko Hotel in Lagos witnessed an evening filled with deep emotions as political and business leaders, friends, family, and…
Naira Strengthens to N1,534.9/$1 on Third Consecutive Day
yThe exchange rate between the naira and the dollar continued its upward trend for the third consecutive day, closing at…
Fintech Firm Brass to Temporarily Disengage Staff Due to Economic Realities
Fintech company Brass has revealed plans to temporarily disengage an unspecified number of its staff, citing current economic challenges as…
FG to Release 58,500 Metric Tonnes of Rice to Stabilize Market
The Federal Government plans to release approximately 58,500 metric tonnes of milled rice to the market as a measure to…
Nigeria, others to Benefit from UK’s £37.3m Mobile for Development program
The UK government has committed £37.3 million to support the Mobile for Development Program, benefiting Nigeria and other developing countries.…
Transcorp Power Starts First Day of Trading Gaining 10%
Transcorp Power Plc made its debut on the Nigerian Exchange on Monday, March 4th, experiencing a remarkable 10% increase and…
CCECC Resumes Work on Enugu-Port Harcourt Dual Carriageway After Termination Notice Withdrawal
The China Civil Engineering Construction Corporation Ltd (CCECC) has recommenced work on section 4 of the Enugu-Port Harcourt dual carriageway…
China Vows to ‘Transform Economy, Sets Growth target
Chinese Premier Li Qiang unveiled an ambitious economic growth target of around 5% for 2024 during his maiden work report…
UK’s Foxtons Forecasts Resilience in Lettings Business
Foxtons (FOXT.L) anticipates resilience in its lettings business following a marginal rise in annual profit, buoyed by the strength of…
Bostic: No Urgency to Cut Interest Rates Given US Economy’s Strength
Atlanta Fed President Raphael Bostic emphasized that the U.S. Federal Reserve faces no immediate need to reduce interest rates, citing…
South Africa Business Activity Picks Up in Feb. PMI survey Shows
In a positive turn, South African private sector activity expanded in February for the first time in six months, fueled…
Asian Stocks Slide as China’s Parliament Session Disappoints Investors
Most Asian stocks experienced declines on Tuesday, with Hong Kong leading the downturn, as the commencement of China’s week-long annual…
Former Twitter Executives Sue Elon Musk for Unpaid $128 Million
Four former top Twitter executives, including former CEO Parag Agrawal, have collectively sued Elon Musk for over $128 million in…
Thales Reports Strong Performance with 11% Increase in Operating Profit
France’s Thales announced a robust performance for 2023, with an 11% underlying increase in operating profit and 8% higher sales,…
Europe to Battle with US for Aluminium
European and U.S. buyers are poised to fiercely compete for aluminium from Middle Eastern sources if the European Union moves…
Bitcoin Bursts Above $65,000, Record High Comes into View
Bitcoin soared to a two-year high on Monday, surpassing $65,000 fueled by a surge of investment that brought it close…
EU Fines Apple $2 Billion for App Store Antitrust Violation
Brussels levied a historic fine of 1.84 billion euros ($2 billion) against Apple (AAPL.O) on Monday, marking the tech giant’s…
EU Countries Split Over Support for Nuclear Energy
Divergent views on nuclear energy policy among European Union member states were on display Monday, with France spearheading one camp…
Valero Joins Summit’s Carbon Capture Project
Valero Energy Corp (VLO.N) has partnered with Iowa-based Summit Carbon Solutions in its proposed carbon-capture and storage project, as announced…
EU Pushes for Fossil Fuel Industry Contribution to Climate Finance
The European Union (EU) is poised to advocate for the fossil fuel industry to contribute to funding efforts aimed at…
Blackwells Capital Calls for Stronger Strategy, Disney Seeks Board Seats
Investor Blackwells Capital has highlighted concerns over Walt Disney’s performance, citing the lack of a robust content and technology strategy,…
Exor Acquires 10.1% Stake in Clarivate, With Potential Increase to 17.5%
Italy’s Agnelli family, through its investment arm Exor, has acquired a 10.1% stake in Clarivate, a New York-listed information services…
U.S. Funding Legislation Blocks China from Buying Oil from Strategic Petroleum Reserve
The funding legislation introduced by congressional leaders on Sunday includes a provision to prevent China from purchasing oil from the…