After trial, investors weigh Trump 2.0 factor as election looms
Last week, Donald Trump became the first former president to be convicted of a felony, but Wall Street remains optimistic…
Day: June 3, 2024
Stock investors gain N619bn in May despite rates hike
The Nigerian equities market showed resilience in May, posting a marginal gain of N619 billion despite the Central Bank of…
Apprehension as FG borrows N20.1trn under Tinubu
In the first year of President Bola Tinubu’s administration, the Federal Government of Nigeria borrowed N20.1 trillion from domestic investors,…
CBN Predicts Growth in Shariah-Compliant Banks
The Central Bank of Nigeria (CBN) announced that more shariah-compliant banks are expected to emerge due to the economic benefits…
Cryptocurrency Suffers $42.6 Million Loss to Hacks in May
In May, the cryptocurrency industry faced significant losses totaling $42.6 million due to various hacking schemes, including flash loan attacks,…
Nigeria to monitor mining sites via satellite, curb illegal activities
Dr. Dele Alake, Minister of Solid Minerals Development, announced that the Nigerian government will implement satellite technology to monitor mining…
Iran-Africa Trade Reaches $1.2 Billion, with Iran Targeting Nigerian Market
The Government of the Islamic Republic of Iran announced that its trade with African countries has reached $1.2 billion over…
FG eyes $7bn FDI from oil sector – Wale Edun
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, announced the securing of $7 billion in Foreign…
Aviation Workers’ Strike Causes Flight Delays and Cancellations
On Monday, flights from Lagos airport terminals and other airports nationwide experienced significant delays and cancellations due to a strike…
CBN Revokes Licence Of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect, citing a breach…