China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla
China’s BYD reported a 21% increase in electric vehicle (EV) sales for the second quarter, bringing its total to 426,039…
Day: July 2, 2024
Air Canada to Receive 8 Boeing 737 MAX 8 Jets from BOC Aviation
Air Canada announced on Tuesday an agreement to receive eight Boeing 737 MAX 8 jets from lessor BOC Aviation. These…
South African rand extends losses, focus on unity government’s reforms
The South African rand continued its decline on Tuesday, trading at 18.6325 against the dollar, a 1.5% drop from the…
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
In 2024, the Biden administration revoked eight more licenses that previously allowed U.S. companies to supply goods to Chinese telecom…
US job openings increase; trend still slowing
In May, U.S. job openings increased by 221,000 to 8.140 million, indicating a modest rebound following significant declines in the…
Nigeria Air Project Remains Suspended Pending Presidential Decision
The Nigerian government’s Nigeria Air project remains suspended as Minister of Aviation and Aerospace Development, Festus Keyamo, awaits President Bola…
Stanbic, Citibank, Rand lead $1bn capital importation
In the fourth quarter of 2023, Nigeria saw a 2.62% increase in capital importation, reaching $1.09 billion, compared to the…
Nigeria’s N121.6trn Debt Exceeds 50% GDP
PricewaterhouseCoopers International Limited (PWC) has reported that Nigeria’s public debt soared to N121.67 trillion in the first quarter of 2024.…
Credit to government rises by 42% to N28.4trn
Credit to the Nigerian government experienced a substantial month-on-month increase of N8.4 trillion, rising by 42 percent to N28.4 trillion…
Australia raises international student visa fees by 225% to prevent migration
Australia has significantly increased student visa application fees from $710 to $1,600, effective July 1, 2024, marking a 225% hike.…
Best performing stocks in the NGX in the first half of 2024
The Nigerian Exchange (NGX) achieved a significant growth of 33.81% in the first half of 2024, with the All-Share Index…
Coronation Insurance posts 192% profit growth in 2023
Coronation Insurance Plc has reported an impressive year-on-year profit growth of 192% for the fiscal year 2023. According to the…
Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
Nigeria’s telecommunications sector attracted $191.5 million in Foreign Direct Investments (FDIs) in Q1 2024. According to the National Bureau of…
Dangote refinery begins gasoil exports to West African countries, as imports from Europe decline
Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, capturing market share from European refiners. The $20…
World Bank Restructures Nigeria Digital ID Project to Ensure $430 Million Funding
The World Bank is restructuring Nigeria’s Digital Identification for Development (ID4D) project to secure the full $430 million pledged by…