Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion
Saudi Arabia successfully sold shares in oil giant Aramco, raising over $11.2 billion. The sale, priced towards the lower end…
Day: June 7, 2024
Samsung Electronics union in South Korea stages first walkout
Samsung Electronics’ workers’ union staged the company’s first-ever strike on Friday, demanding higher wages. While the walkout is unlikely to…
Banks say growing reliance on Big Tech for AI carries new risks
The rise of artificial intelligence (AI) in banking is a double-edged sword, according to European banking executives. While AI offers…
Americans are getting pickier, but they are still spending on hot items
Investors are analyzing US credit card spending data to understand which retailers are likely to perform well this summer. While…
China’s exports rise solidly, but slower imports temper outlook
China’s exports grew for a second consecutive month in May, offering a glimmer of hope for the country’s economic recovery.…
Morning Bid: US check on sub-4% jobless, China imports slow
Global markets are currently in a holding pattern, awaiting the release of the US employment report. This report, due out…
Stock market rally pauses as US jobs data looms
Global stock markets are currently in a wait-and-see mode, with investors closely monitoring the upcoming US jobs report. This report…
Major Japanese Banks to Divest $8.5 Billion in Toyota Stock
Two of Japan’s largest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG), are reportedly planning to…
INFLATION: Cost of sales in companies rise 29% to N5.4trn
A recent analysis of financial statements from 20 leading Nigerian companies reveals a significant increase in their cost of sales.…
Insurance sector charged on digital adoption to accelerate penetration
Enterprise Life Nigeria, a leading insurance provider, is calling for the industry to embrace digital adoption. Their CEO, Mrs. Funmi…
Food security: FG providing N200 billion to support the cultivation of hectares of land
The Secretary to the Government of the Federation (SGF), Sen. George Akume, announced that the federal government will allocat N200…
Police declare ‘fugitive’ First Bank employee, Tijani Muiz, ‘wanted’ over alleged N40 billion fraud
The Nigerian Police Force has declared Tijani, an employee of First Bank of Nigeria Limited, wanted for multiple offenses, including…
Australian authorities project loss of 250,000 jobs dependent on foreign students
Authorities in Australia have warned that new measures to limit international students could severely impact the $48 billion international education…
Freight services resume on Lagos-Kano narrow gauge railway
Freight services have resumed on the rehabilitated Lagos-Kano narrow gauge railway line, announced by the Minister of Transportation, Saidu Alkali,…
Opinion: Free Crypto Up for Grabs: Top 5 Airdrops to Look Out For in June
This article explores five of the most promising airdrop campaigns happening in June. Airdrops are a way for crypto projects…
Chinese Construction Company Creates 10,000 Jobs in Abuja Rail Project
The China Civil Engineering Construction Company (CCECC) has revealed that it generated 10,000 jobs during the construction of the Abuja…
Nigerian Refineries Look to US Oil to Fill Domestic Supply Gap
Nigerian modular refineries, facing an unreliable domestic crude oil supply, are exploring imports from the United States. This comes as…
Nigeria’s current trade balance rises to $1.43bn amid economic challenges
Data from the International Monetary Fund’s World Economic Outlook reveals an increase in the country’s current account balance, reaching $1.432…
Minimum wage negotiations inconclusive, says Ajaero as presidency debunks N105,000 proposal rumour
With just days left before the expiration of the ultimatum given by organized labor, negotiations on the minimum wage remain…