BMW trims 2024 profit margin on technical issues, weak China demand
BMW has revised its profitability forecast for 2024, now expecting an EBIT margin of 6% to 7% instead of the…
Day: September 10, 2024
Google loses fight against $2.7 billion EU antitrust fine
Google has lost its appeal against a €2.42 billion fine from the European Commission for unfairly promoting its own shopping…
EU’s Vestager triumphs in crackdown on Apple’s tax deal, Google’s practices
EU antitrust chief Margrethe Vestager celebrated two major victories as the European Court of Justice upheld fines against Apple and…
US small business sentiment ebbs in August amid rising uncertainty
Small-business confidence in the U.S. fell in August, reversing July’s gains due to growing uncertainty ahead of the November 5…
Huawei seeks to steal spotlight from Apple with launch of $2,800 tri-fold smartphone
Huawei launched its $2,800 tri-foldable Mate XT smartphone just hours after Apple’s iPhone 16 debut, positioning itself as a key…
Nigeria, China sign $3.3 billion deal for brass industrial park
Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex in Bayelsa…
Forex crisis crashes border trade by 80% – Operators
Licensed customs agents operating at Nigeria’s land borders have reported a significant 80% decline in trade activities due to the…
Agriculture led company income tax with 474.50% in Q2 2024 – NBS report
Nigeria’s agricultural sector led the growth in Company Income Tax (CIT) during the second quarter of 2024, recording a massive…
Electricity DisCos collects N150 billion as revenue in June- NERC
In June 2024, electricity distribution companies (DisCos) across Nigeria collected N150.86 billion, achieving an 85.44% revenue collection efficiency, according to…
Wike signs MoU with Chinese engineering firms for electricity and water projects in FCT
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has formalized a Memorandum of Understanding (MoU) with two major Chinese engineering…
Japaul Gold & VenturesLists N20bn Worth of Shares on NGX
Japaul Gold & Ventures Plc has received approval from the Securities & Exchange Commission (SEC) for a special placement of…
Banks begin charging up $20 as fees on foreign currency accounts
Several commercial banks in Ghana have reintroduced charges on foreign exchange accounts, with fees reaching up to $20 depending on…
T-bills target missed for 9th consecutive time; auction falls by GH₵755m
This week, the Ghanaian government fell short of its money market auction target by GH₵755 million, securing GH₵4.89 billion out…
Secured Loans surge to Gh¢10.8bn in Q2 2024
In the second quarter of 2024, the total value of secured loans granted by banks and Specialized Deposit-Taking Institutions (SDIs)…