Uganda secures $295m loan from Islamic Development Bank for projects
Uganda has recently finalized a deal with the Islamic Development Bank (IDB) in Saudi Arabia, obtaining a loan of $295…
Day: April 30, 2024
Musk dismisses two senior Tesla executives, plans further layoffs
Elon Musk, the CEO of Tesla, has removed two senior executives from their positions and intends to lay off hundreds…
Quinn, architect of HSBC’s sweeping overhaul, announces surprise exit
HSBC, a global banking giant, announced the retirement of its Chief Executive, Noel Quinn, after five years of leading the…
Mercedes-Benz stands firm against discounting, despite Q1 loss
Despite the challenges, Mercedes-Benz expects improved sales volumes in the second quarter, with a focus on defending current pricing levels,…
IMF’s $1.1 bln tranche to help Pakistan’s economic stability, says PM Sharif
Sharif emphasized the importance of the standby arrangement in safeguarding Pakistan from defaulting on its external obligations. The IMF’s executive…
MTN records N575.69 Pre-Tax Loss in Q1 despite revenue growth
MTN Nigeria Communications Plc has reported a loss after tax of N392.7 billion for the first quarter of 2024, marking…
Court Grants EFCC Interim Order to Freeze 1,146 Bank Accounts
The EFCC alleges that the frozen accounts are connected to individuals utilizing virtual cryptocurrency exchanges to manipulate the value of…
FG initiates 2024 oil bid rounds, offers 12 oil blocks to investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2024 oil bid rounds, presenting approximately 12…
NERC deregulates meter prices, allows DisCos and manufacturers set prices
The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the MetER Assets Provider (MAP) scheme.…
FMDQ Group Appoints CBN Deputy Governor Muhammad Sani Abdullahi as New Chairman
FMDQ Group has named Muhammad Sani Abdullahi, the Deputy Governor of the Economic Policy Directorate at the Central Bank of…