Novo Nordisk’s Weight-Loss Drug Wegovy Approved in China
Novo Nordisk announced that its popular weight-loss drug, Wegovy, has been approved for use in China, the world’s second-largest economy…
Day: June 25, 2024
European stocks fall as Nvidia slump hits tech sector
European stocks fell on Tuesday following a significant 7% drop in chipmaker Nvidia, which had a ripple effect on U.S.…
Headline: China Defends Against Accusations of Unfair Subsidies and Trade Practices
China’s Premier Li Qiang pushed back against accusations from the U.S. and EU at a World Economic Forum meeting in…
Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
Nasdaq futures saw an uptick on Tuesday as AI-related stocks, including Nvidia, rebounded from recent losses, prompting investors to await…
Bank of Japan opens door for a hawkish double surprise
The Bank of Japan (BOJ) is signaling a potentially larger quantitative tightening (QT) plan in July, accompanied by a possible…
FG tackles revenue leakage, deploys Central Disbursement Solutions
The Federal Government of Nigeria is launching a new revenue management system called ‘Revenue Assurance and Central Disbursement Solutions’ to…
Crypto Traders Lose Over $280m
The cryptocurrency market is facing significant losses after its second-worst weekly decline in 2024, with Bitcoin’s price dropping nearly 5%…
Annual Report: NGX Slams N76.8m Fine On 9 Firms
The Nigerian Exchange Limited (NGX) has fined nine listed companies a total of N76.8 million for failing to submit their…
Flutterwave Lays Off 30 Employees
African payments giant Flutterwave has laid off about 30 employees, approximately 3% of its workforce, as part of a strategic…
Shoprite to Close Novare Central Mall Branch in Abuja by June 2024
Shoprite Mall has announced it will cease operations at its Novare Central Mall branch in Wuse Zone 5, Abuja, effective…
APM Terminals Recycles Used Tyres Into Footwear
Determined to tackle the issue of used tyres littering Lagos, transport and logistics giant APM Terminals has begun recycling its…
RT Briscoe To Raise N10bn With Investment Scheme
RT Briscoe has launched a flexible investment plan aimed at supporting its 43,000 shareholders, mostly retired individuals, to invest in…
Dangote Oil Refinery Faces Delay in July Launch Due to Crude Shortage
Dangote Oil Refinery’s much-anticipated entry into the petrol supply market in July might face delays due to a shortage of…
CBN grants IMTOs naira access to boost remittances
The Central Bank of Nigeria (CBN) has announced new measures aimed at enhancing naira liquidity and increasing diaspora remittances. According…
BDC Operators Struggle with New CBN Guidelines
Bureau De Change (BDC) operators in Nigeria have yet to comply with the new operational guidelines issued by the Central…
Business registration possible in 24 hours, says CAC ambassador
The Corporate Affairs Commission (CAC) has introduced a Special Registration Portal (SRP) that enables business registration within 24 hours, according…