Gabon launches national dialogue for democratic revitalization
Gabon has embarked on a historic national dialogue led by President Felix Tshisekedi, marking a significant departure from the 54-year…
Day: April 3, 2024
Markets brace for federal reserve speech over rate cuts
As markets navigate a shaky start to the second quarter, all eyes are on Federal Reserve Chair Jerome Powell’s upcoming…
Virgin Atlantic expects profitability in 2024 Demand
Virgin Atlantic anticipates returning to profitability in 2024 following robust revenue growth driven by increased demand from holidaymakers. The airline…
China revises car loan policies to boost auto trade-Ins and sales
China’s central bank has announced revisions to car loan policies aimed at promoting auto trade-ins and scrapping government-set minimum down…
Greece approves purchase of 35 Blackhawk helicopters from Lockheed Martins
Greece has greenlit the acquisition of 35 UH-60M Blackhawk helicopters from U.S. defense contractor Lockheed Martin Corp, as part of…
CBN increases customs exchange rate by 2.1%
The Central Bank of Nigeria (CBN) has raised the exchange rate used to calculate Customs duties at the nation’s seaports…
MTN Nigeria seeks shareholders’ input In capital loss management
MTN Nigeria has announced plans to hold an extraordinary general meeting (EGM) with its shareholders later this month in Lagos.…
FX market roars back to life with $1bn single-day trade
On Tuesday, Nigeria’s foreign exchange market experienced its highest turnover in a single day since 2017, signaling a significant shift…
Cadbury Nigeria Plc faces N19.09bn loss
Cadbury Nigeria Plc, a consumer goods firm, has reported a loss of N19.09 billion after tax for the financial year…
Nigeria plans nearly 300% Increase in electricity tariffs
The Nigerian government is reportedly considering a significant increase in electricity tariffs, aiming to attract investment into the sector. According…
Dangote refinery’s diesel supply lowers pump prices
The pump price of Automotive Gas Oil (diesel) in Nigeria has witnessed a significant drop from around N1,700/litre to approximately…
Dangote, Adenuga, others maintain top ranks on Forbes billionaire list
Despite economic challenges in the country, prominent Nigerian businessmen Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola have retained…
Banking sector slumps on NGX amid minimum capital requirement
The Nigerian banking sector experienced a downturn on the Nigerian Exchange Limited (NGX) yesterday, fueled by controversy surrounding the exclusion…
Naira appreciates to N1,270 in parallel market
Today, Tuesday, the Naira showed signs of appreciation against the dollar in both the parallel market and the Nigerian Autonomous…