U.S. treasury secretary urges China to address global economic concerns
U.S. Treasury Secretary Janet Yellen recently highlighted growing worries about China’s excessive manufacturing capacity, emphasizing the issue during economic discussions…
Day: April 5, 2024
A near-miss cyberattack put US officials and the tech industry on edge
Last month, German software developer Andres Freund, employed by Microsoft, made a startling discovery during performance tests. He found that…
Johnson & Johnson to acquire Shockwave medical for $12.5 Billion
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson & Johnson (J&J) has…
Indonesia reconsiders export regulations after business group raise concerns
Indonesia is reviewing regulations aimed at limiting imports of over 3,000 products, according to a senior trade ministry official. The…
Foxconn forecasts revenue growth in Q2 after dip in Q1
Foxconn, the world’s largest contract electronics manufacturer and key assembler of Apple’s iPhone, anticipates a rise in second-quarter revenue following…
Canada to raise fees for permanent residency applications
Starting April 30, 2024, Canada’s immigration department, IRCC, will increase fees for permanent residency applications. The fee, currently at $515,…
United Capital Plc records 70.9 percent revenue increase
United Capital Plc, a prominent financial and investment services company in Nigeria, has experienced a remarkable surge in revenue, reaching…
Petrol queues returns as NNPC struggles to meet demand
Motorists in certain parts of Lagos encountered renewed queues at petrol stations on Thursday, attributed to challenges faced by the…
Nigeria’s raw material imports surge by 25%
In 2023, imports of raw materials into Nigeria witnessed a substantial increase of 25%, totaling N3 trillion, as per data…
Stock market sees investor losses on bearish trading
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday, continuing a decline…
Ekiti varsity unveils N1bn agro-tech fund
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion Innovation Fund aimed…
FG to issue foreign currency denominated bonds in June
The Federal Government has announced intentions to launch domestic bonds denominated in foreign currency in the second quarter of this…
Stanbic IBTC bank upgrades mobile app
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app tailored specifically for…
Less than 30% of taxable citizens pay tax in Nigeria
The Christian Aid UK Nigerian Programme has disclosed that less than 30% of taxable citizens in Nigeria contribute to tax…
ThinkBusiness Africa faults proposed sugar tax hike
ThinkBusiness Africa, an economic analysis and policy advocacy group, has raised concerns regarding the assertions made by the Corporate Accountability…