Shares nudge higher as US, EU inflation data loom
World stock markets edged higher on Monday as investors awaited key inflation data releases this week. This data could influence…
Day: May 27, 2024
Dollar firm ahead of global inflation data
The U.S. dollar remained stable on Monday but is poised for its first monthly decline this year. Investors are waiting…
Stellantis to announce Italy-produced hybrid version of 500 EV, sources say
Fiat’s owner, Stellantis, is set to unveil a hybrid version of its popular 500e electric car. Production of this new…
Musk’s AI Company xAI Secures $6 Billion, Aims to Challenge OpenAI
Elon Musk’s artificial intelligence startup, xAI, has secured a massive $6 billion investment, propelling its valuation to $24 billion. This…
UBA appoints Emmanuel Nnorom as non-executive director
The United Bank for Africa (UBA) has appointed Emmanuel Nnorom as a new non-executive director to its board. Nnorom’s appointment,…
Brewers post N170bn loss on weaker naira, rate hikes
Nigeria’s major brewers face financial difficulties after a combined loss of N169.7 billion in the first quarter of 2024. This…
TotalEnergies Snubs Nigeria Again, Invests $600 Million in Congo’s Oil Industry
French oil giant TotalEnergies has passed over Nigeria for a second time, opting to invest $600 million in the Republic…
Royal Electronics launches new products in Nigeria
Royal Electronics is bringing a wave of innovation to Nigerian homes with the launch of five new product categories. These…
Telecom Investments Pay Off: Data Revenues Soar in Nigeria
Nigeria’s telecommunications industry is reaping the rewards of significant investments in network infrastructure. MTN and Airtel, the country’s leading mobile…
CBN Director Celebrated for 35 Years of Service
The Central Bank of Nigeria (CBN) has commended Clement Oluwaranti Buari, Director of Strategy Management, for his 35 years of…
UBA Announces Over N2trn Revenue, N607.69bn Profit
The United Bank for Africa (UBA) has announced a stellar performance for the 2023 financial year, achieving record highs in…
MPC: Stock investors maintain cautious stance, lose N290bn
Nigerian stock market investors are feeling the pinch after the recent Monetary Policy Committee (MPC) meeting. Analysts predict continued asset…
NECA Rejects N500,000 Minimum Wage Demand
The Nigeria Employers’ Consultative Association (NECA) has rejected the Nigerian Labour Congress’ (NLC) demand for a N500,000 minimum wage, stating…
Consumers fault Discos as meter price hits N147,000
Nigerians are facing a new challenge in their quest for prepaid electricity meters. Following deregulation by the Nigerian Electricity Regulatory…