U.S. crude imports touch two-year high despite lukewarm demand
In May, U.S. crude oil imports reached their highest level since July 2022, averaging 3.1 million barrels per day (bpd)…
Day: June 26, 2024
European shares gain, Aussie jumps, yen teeters near 160
European stock markets saw gains on Wednesday, boosted by a rebound in Nvidia shares and a broadly positive risk sentiment…
Singapore port congestion shows global ripple impact of Red Sea attacks
Singapore’s container port is experiencing its worst congestion since the COVID-19 pandemic, largely due to prolonged vessel re-routing to avoid…
Volkswagen Recalls Over 271,000 Vehicles in the U.S. Due to Potential Air Bag Fault
Volkswagen is recalling more than 271,000 vehicles in the United States because of a potential wiring fault that may deactivate…
Exclusive: UBS urges Swiss government to clarify capital demands, sources say
UBS is pressing the Swiss government to clarify additional capital buffer requirements following its acquisition of Credit Suisse. The bank…
Nigeria’s gas export drops 25% on low output, exits
Nigeria’s gas exports have decreased by 25% to their lowest level in three years, mirroring a similar decline in the…
Naira Depreciates by 0.71% Against Dollar
On Tuesday, the naira faced renewed pressure in the official foreign exchange market, depreciating by 0.71% against the dollar. The…
FEC Steps Down Minimum Wage Memo for Further Consultations by President Tinubu
On Tuesday, the Federal Executive Council (FEC) decided to step down the minimum wage memo to allow President Bola Tinubu…
Kogi IGR Increases To N23.5bn
Kogi State’s internally generated revenue (IGR) has increased from N6.5 billion to N23.5 billion annually over eight years, according to…
NSIA Announces 26 Start-Ups For $220,000 Accelerator Prize For Innovation
The Nigeria Sovereign Investment Authority (NSIA) has revealed the 26 start-ups advancing to the accelerator stage of the NSIA Prize…
Access Bank Launches Season 6 of Womenpreneur Pitch-A-Ton Programme
Access Bank has opened registration for the sixth season of its Womenpreneur Pitch-A-Ton programme, aiming to inspire, connect, and empower…
Sterling HoldCo Gets Shareholders Approval to Raise N200bn Fresh Capital
At its inaugural Annual General Meeting (AGM), major shareholders of Sterling Financial Holdings Company Plc. approved a management decision to…
Pensioners with Heritage Bank to provide accounts
The Pension Transitional Arrangement Directorate (PTAD) has requested Defined Benefit Scheme (DBS) pensioners with accounts in Heritage Bank to provide…
World Bank Allocates $45.5M to Nigeria’s NIMC for Digital ID Project
The World Bank has disbursed $45.5 million to Nigeria’s National Identity Management Commission (NIMC) under the Digital Identification for Development…
Salpha Energy gets €25,000 grant for Ashden Award
Salpha Energy has been awarded a €25,000 grant for winning the 2024 Ashden Award for Energy Innovation, supported by the…