IMF: South Africa needs decisive efforts to cut spending
A senior official from the International Monetary Fund (IMF) has highlighted the urgent need for South Africa to take decisive…
Day: April 17, 2024
Social media platform X blocked in Pakistan- Minister
Pakistan’s interior ministry recently revealed that it blocked access to a social media platform, referred to as X, around the…
Tesla again seeks shareholder approval for Musk’s 2018 pay voided by judge
Tesla (TSLA.O) has requested its shareholders to once again approve CEO Elon Musk’s record-breaking $56 billion pay package, which was…
Global financial firms lag in monitoring personal messaging apps, survey Shows
A survey released on Wednesday revealed that global financial companies are falling behind in monitoring and archiving all business-related communications…
United Airlines jumps after results beat ‘dramatically low’ expectations
United Airlines (UAL.O) saw a premarket surge of about 5.3% on Wednesday following an optimistic profit forecast for the second…
Air Peace now connects passenger from Abuja, Asaba, Enugu others to London
Air Peace has expanded its Lagos-London route to include passengers from Abuja, Asaba, Benin, Enugu, Owerri, Warri, and Port Harcourt.…
CAP records 2.5bn profit- Report
Chemical and Allied Products (CAP) Plc, a Nigerian paint and coating company, has announced its highest profit in over 13…
Banks witness 260.9% increase in impaired loans
According to data analyzed by BusinessDay, seven listed Nigerian banks, including Zenith Bank Plc, United Bank for Africa (UBA) Plc,…
Bread prices rise as currency woes and war squeeze bakeries
The Premium Beadmakers Association of Nigeria (PBAN) has identified the volatile exchange rate and Nigeria’s reliance on imported ingredients as…
We now buy dollars at N980, sell at N1020 – BDCs president
Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, revealed that BDC operators are now…
IMF raises Nigeria’s economic growth forecast to 3.3% for 2024
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2024 upward from three percent to 3.3 percent.…
FG may revoke unused oil well licences amid $30bn loss
Concerned about the country’s declining oil revenue, the Federal Government has announced intentions to take over all idle oil wells…
Minister suspends mining activities at OAU and environs
Dr. Dele Alake, the Minister of Solid Minerals Development, has ordered an indefinite suspension of mining operations at Obafemi Awolowo…
NCCA suspends private jets’ commercial operations
The Nigerian Civil Aviation Authority (NCAA) has suspended the permits for non-commercial flight licenses of three private jets for engaging…