US prosecutors recommend Justice Dept. criminally charge Boeing
U.S. prosecutors are urging the Justice Department to bring criminal charges against Boeing, alleging the company breached a 2021 settlement…
Day: June 24, 2024
Japan warns against rapid FX moves, reiterates readiness for action
Japan is prepared to intervene against excessive market movements as the yen approaches 160 to the dollar, top currency diplomat…
Apple’s App Store rules breach EU tech rules, EU regulators say
The EU has charged Apple with breaching tech rules by preventing app developers from steering consumers to alternative offers. This…
Deadly Fire at South Korean Lithium Battery Plant
A fire broke out at a lithium battery manufacturing plant in Hwaseong, South Korea, on Monday, resulting in multiple fatalities.…
Dangiwa Elected Chair of African Ministers’ Housing Financial Caucus
Ahmed Dangiwa, the Minister of Housing and Urban Development, has been elected as the first chairman of the Financial Caucus…
FBN Holdings gross earnings soared by 181% in Q1
FBN Holdings reported a significant 181.43% increase in gross earnings to N1.60 trillion for Q1 2024. Interest income contributed 60%…
Caverton Offshore loss worsens to N12bn
Caverton Offshore Support Group’s losses after tax worsened by 146.79% to N12.75 billion at the end of 2023, compared to…
High food prices persist despite N1.25tn agriculture budget
Farmers and stakeholders have criticized the rising food prices in Nigeria, despite the federal government allocating over N1.25 trillion to…
Naira sells 1,485/dollar as official forex market records $23bn
Forex turnover in Nigeria’s official market surged to $23.29 billion over six months, driven by Central Bank of Nigeria reforms.…
NOVA Merchant Bank Transitions to Commercial Bank
NOVA Merchant Bank Limited has obtained approval to transition into a national commercial bank, announced Phillips Oduoza, the Board Chairman.…
Aiteo resumes production at OML 29 in Bayelsa after oil leak shutdown
Aiteo Eastern Exploration and Production Company (AEEPCO) has resumed production at Oil Mining License (OML 29) in the Nembe swamp…
Airport extortion beyond aviation ministry’s control – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, acknowledged that the problem of extortion by officials at Nigeria’s airports…
NNPC shifts $700m gas pipeline delivery date to August
The Nigerian National Petroleum Company Limited (NNPC) has postponed the completion date of the $700 million Obiafu-Obrikom-Oben (OB3) gas pipeline…
Nigeria Spends $15.55bn on Debt Servicing Over Five Years
The Federal Government of Nigeria spent $15.55 billion on debt servicing between 2019 and 2024, according to data from the…
Dangote accuses IOCs of plotting failure of its refinery
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, has accused International Oil Companies (IOCs) in Nigeria…
Protests Erupt in Kenya Over New Tax Increases
Protests have erupted across Kenya following the approval of significant tax increases by lawmakers, which have proven unpopular even among…