Exclusive: Bank of Israel waiting for digital euro ahead of digital shekel launch
The Bank of Israel (BOI) is committed to exploring a digital shekel to enhance the country’s payment system and encourage…
Month: July 2024
First Bank, others join Zone decentralised payment network
First Bank, United Bank for Africa (UBA), and Zenith Bank have joined Zone’s decentralized payment network. This development follows Zone’s…
Air Peace economy class to London booked till August – COO
Air Peace’s Chief Operating Officer, Toyin Olajide, announced that economy class tickets for flights from Lagos to London are fully…
No going back on N250,000 minimum wage, TUC insists
The Trade Union Congress (TUC) remains firm on its demand for a N250,000 minimum wage for workers in Nigeria, according…
NGX Suspends Trading of 8 Companies Over Late Financial Filings
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of eight companies for failing to file their Audited…
N400bn oil production shortfall threatens 2024 budget
Nigeria’s oil production is significantly below its OPEC quota and budget benchmarks, causing severe pressure on the industry. With a…
Apapa Customs collects over N1trn in 6mths
Despite a drop in importation, the Apapa Area 1 Command of the Nigeria Customs Service (NCS) collected over N1 trillion…
NCAA to sanction airlines over false flight schedule
The Nigeria Civil Aviation Authority (NCAA) has issued a warning to commercial airlines against deceitful departure time scheduling, emphasizing that…
Fuel Scarcity: Filling Stations To Operate Longer Hours To Aid Supply – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that fuel stations will extend their operating hours to improve…
Firm Invests In Renewable Energy, Generates 3,200 Kwh
BAT Nigeria has invested millions of dollars in a solar power plant at its Ibadan manufacturing facility, generating an average…
Australia Increases Minimum Wage To $915 Per Week For Lowest Paid Workers
The Fair Work Commission (FWC) has announced a 3.75% increase in Australia’s minimum and award wages. This change raises the…
Oil companies in Texas restoring operations following hurricane Beryl
Oil and gas companies in Texas are restarting operations after Hurricane Beryl hit the state with 80-mph winds, causing property…
Megacaps, chip stocks lift futures before Powell testimony
U.S. stock index futures rose on Tuesday, driven by gains in megacap technology and semiconductor stocks. This continues Monday’s rally,…
Disney to add new ship in Tokyo to expanding cruise business
Walt Disney (DIS.N) announced plans to launch a new cruise ship from Tokyo in fiscal 2028, adding a ninth vessel…
How a Trump election victory could ruffle Latin American markets
Investors are preparing for various scenarios in case former President Donald Trump wins back the White House in November, with…
DBS CEO says bank hunting for bolt-on deals, not game-changing ones
Asia’s wealthy and their bankers are optimistic about a recovery in China, betting that exposure to the region, even amidst…
Crypto market turns green, downside risk remains high
The crypto industry is experiencing turbulence due to Bitcoin sales in Germany and concerns over significant liquidations by Mt. Gox…
Australia increases minimum wage to $915 per week for lowest paid workers
Australia’s Fair Work Commission has raised the minimum wage to $915.90 per week, effective from July 1, 2024. This follows…
Access Holdings Launches N351 Billion Rights Issue
Access Holdings Plc, a top financial services group in Africa, has begun a N351 billion Rights Issue to enhance its…
Nigerian Content Creators Eye Facebook’s N150,000 Per 10,000 Views
Starting July 1, 2024, Nigerian social media creators on Meta platforms like Facebook will earn up to N150,000 for every…
World Bank Appoints Dr. Ndiamé Diop as New Country Director for Nigeria
The World Bank has appointed Dr. Ndiamé Diop as the new Country Director for Nigeria, succeeding Shubham Chaudhuri. Dr. Diop…
UBA’s GMD appointed Chairman, CIBN Body of Banks’ CEOs
Oliver Alawuba, Group Managing Director and CEO of United Bank for Africa (UBA) Plc, has been appointed Chairman of the…
Zenith Bank Wins Best Commercial Bank and Best Corporate Governance Awards for 2024
Zenith Bank Plc has been named the Best Commercial Bank in Nigeria for the fourth consecutive year in the World…
GTCO To Raise N400.5bn Through Public Offer
Guaranty Trust Holding Company (GTCO) Plc is set to raise N400 billion in fresh capital as part of the Central…
CBN to auction N166bn T-bills as US, India await inflation data
July 10: OPEC Report and Nigerian Oil Output Decline The Organisation of the Petroleum Exporting Countries (OPEC) will release its…
Wema Bank Launches CoopHub to Empower Cooperative Societies
Wema Bank has launched CoopHub, a digital solution designed to empower cooperative societies, during the International Day of Cooperatives. The…
IGP to prosecute ex-personnel who ‘hijacked’ truck carrying 40,000 litres of petrol in Enugu
The Nigeria Police Force has announced the impending prosecution of three former officers involved in hijacking a truck loaded with…
Samsung Electronics workers strike as union voice grows in South Korea
Samsung Electronics workers initiated a three-day strike on Monday, demanding better pay, an additional day of annual leave, and changes…
Pension funds crossed N20tn in May – PenCom
The value of pension funds in Nigeria rose by 2.23% month-on-month, reaching N20.23tn in May 2024. According to the National…
Budget: FG releases N1.2tn for capital projects
The Federal Government disbursed N1.23tn to 17 ministries for capital projects as of September 30, 2023, as per the Budget…