Futures edge higher with payrolls revisions, Fed minutes on tap
U.S. stock index futures saw modest gains on Wednesday as investors awaited key economic updates, including revised U.S. payroll data…
Day: August 21, 2024
Walmart sells $3.74 billion JD.com stake to focus on its own China operations
Walmart has sold its entire stake in Chinese e-commerce giant JD.com, raising approximately $3.74 billion to focus on expanding its…
NNPC distributes fuel to PH, Warri Depots, addresses scarcity
The Nigerian National Petroleum Company (NNPC) has delivered petrol to depots in Port Harcourt and Warri in an effort to…
Aviation workers halt planned protest over revenue slash
Aviation workers have called off their planned protest against the Federal Government’s 50% revenue collection from aviation agencies, which was…
Domestic airlines ground 42 aircraft over forex shortage
In the past two years, 42 domestic aircraft in Nigeria have been grounded due to a severe shortage of foreign…
CBN posts highest remittance inflow of $553m in July
The Central Bank of Nigeria (CBN) announced a substantial increase in remittance inflows, reaching $553 million in July 2024, marking…
FRC vows to sanction erring auditors, accountants
The Financial Reporting Council (FRC) of Nigeria has vowed to take decisive action against auditors and accountants who fail to…
5 banks budget N222bn for cybersecurity
Five major Nigerian banks are raising capital to meet new Central Bank of Nigeria requirements. They plan to invest $1.20…
$3bn Badagry seaport seeks financial partners
The $2.59 billion Badagry Deep Seaport project is now in its second phase, focusing on implementation and finding strategic financial…
Don’t Pressure Us To Sell Crude Oil To Local Refineries, Oil Producers Tell FG
The Independent Petroleum Producers Group (IPPG), responsible for 30% of Nigeria’s crude oil production, has cautioned against being compelled to…
Talks ongoing to resume Nigeria-S’Arabia cargo flights – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, has confirmed that negotiations to resume cargo flights between Nigeria and…
Ibom Air expands fleet operations, takes delivery of second Airbus
Ibom Air has welcomed the arrival of its second Airbus A220-300, furthering its goal to expand fleet operations in Akwa…
NPA to implement electronic call-up system at Onne Port
The Nigerian Ports Authority (NPA) is preparing to implement an advanced electronic call-up system at the Onne Port complex, following…
Glo @ 21: Braving the odds to grow Nigeria’s economy
Globacom, the Nigerian telecommunications giant founded by Chief Mike Adenuga, is celebrating 21 years of pioneering the nation’s digital landscape.…