US employment boom leaves factory workers behind
The Ariens Company, famous for its bright orange snow blowers and lawnmowers, had a tough time last summer when sales…
Day: April 4, 2024
US has not asked India to cut Russian oil purchases, American official says
The United States hasn’t told India to stop buying oil from Russia. Instead, they want to make sure the global…
Global markets watchdog proposes closer scrutiny of stock exchanges
The International Organization of Securities Commissions (IOSCO) suggested new guidelines on Thursday to help regulators keep a closer eye on…
Japanese companies agreed on biggest wage hike in 33 years, union group says
A group of Japanese companies have agreed to increase wages by 5.24% this year, according to Rengo, the country’s largest…
Customs Q1 revenue surpasses N1tn
The Nigeria Customs Service (NCS) has announced a significant increase in its revenue for the first quarter of 2024 compared…
African airlines lead global air cargo demand growth in Feb. 2024
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced a remarkable 22% year-on-year…
SME agency tightens credit facility process for small businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has implemented a new selection process for beneficiaries of its…
Nigeria’s business activity remains steady in March: Stanbic
According to the latest Purchasing Managers’ Index (PMI) published by Stanbic IBTC, business activities in Nigeria stayed unchanged in March,…
Transcorp plc reports 93% profit growth in 2023
Transnational Corporation Plc (Transcorp) witnessed a substantial increase in its profit before tax, soaring by 93.5% to N58.8 billion in…
Power outages hit Abuja, Lagos, and Nasarawa communities
Several communities in Abuja, Lagos, and Nasarawa are currently experiencing power outages as a result of technical glitches affecting transmission…
FX volatility forces 28 changes in Customs duty rate
The Nigeria Customs Service (NCS) is grappling with significant challenges due to instability in customs duty rates caused by fluctuations…
Dangote refinery to reduce dependency on imported petrol by May
There are signs that Nigeria’s reliance on imported petrol will decrease significantly as the $20 billion Dangote Refinery plans to…
NERC announces tariff hike impacting over 1.9 million consumers
The Nigerian Electricity Regulatory Commission (NERC) has revealed that a total of 1,974,385 electricity consumers will be affected by its…
Dangote sugar refinery launches N50bn commercial paper offer
Dangote Sugar Refinery PLC (DSR) has introduced Series 2 and 3 Commercial Paper offers totaling up to N50 billion under…
Stock market starts week with bearish trend, investors lose N24.83
The Nigerian Exchange (NGX) All-Share Index began the week’s trading on a downward note, shedding 4 basis points to close…