Swiss National Bank Calls for Stronger Financial Regulations Post Credit Suisse Collapse
Switzerland’s financial regulations need strengthening after UBS’s takeover of Credit Suisse, according to the Swiss National Bank (SNB). The SNB…
Day: June 20, 2024
Honeywell to buy aerospace and defense firm CAES Systems for $1.9 bln
Honeywell has agreed to purchase aerospace and defense technology firm CAES Systems from Advent International for $1.9 billion in an…
WestJet Works to Resume Normal Operations After Union Rescinds Strike Notice
WestJet Airlines is working to return to normal operations following the rescindment of a strike notice by the union representing…
Guzman Y Gomez surges 37% in hottest Australian IPO in three years
Guzman Y Gomez (GYG.AX), a Mexican food chain, delivered Australia’s best initial public offering (IPO) debut in three years, with…
Citigroup Eyes European Expansion Despite Political Instability
Citigroup (C.N) is poised to expand its business in Europe despite the continent’s political volatility, which has deterred investors, according…
Nigeria’s Petrol Prices Surge by 223% in May
Month-on-month, the price increased by 9.75%, up from N701.24 in April 2024. The report highlights that the national average retail…
Okomu Oil, Presco post 94% growth in profits in Q1’2024 amid rising inflation
The combined profit of Presco Plc and Okomu Oil Palm Company Plc soared by 94.32% in the first quarter of…
World Bank disburses $300m palliative loans, benefitting 3 million Nigerians
The World Bank has disbursed an $800 million palliative loan to assist poor and vulnerable households affected by recent government…
Nigeria’s credit penetration rises to 14%
During the CRC Finance and Credit Conference 2024 in Lagos, CRC Credit Bureau Limited revealed that Nigeria’s credit penetration has…
Customs one-year revenue rises by 74%, hits N4.5tn
The Nigeria Customs Service (NCS) has reported a significant 74% growth in revenue collection, reaching N4.49 trillion between June 2023…
Aradel crude production hits 13,000bpd
Aradel Holdings Plc, an indigenous energy company, has announced a remarkable increase in its crude oil and gas production during…
Equity market resumes from Sallah holiday with N47bn loss
Investors on the Nigerian Exchange faced losses totaling approximately N47 billion as trading resumed after the two-day Eid al-Fitr holiday.…
Federal Government’s Borrowings from World Bank Total $4.95bn in 12 Months
Over the past year, the Federal Government of Nigeria has borrowed a total of $4.95 billion in loans from the…
SEforALL Reappoints Damilola Ogunbiyi as CEO for Second Term
The Sustainable Energy for All (SEforALL) Governance Board has approved the reappointment of Ms. Damilola Ogunbiyi for a second term…
FG, World Bank Trains 496 Youth in Web, App Development
In collaboration with Information Technology (IT) firms, the World Bank and the federal government have trained 496 young Nigerians in…