With Fed’s rate cut at hand, debate swirls over how big a move
As the U.S. Federal Reserve prepares to begin its rate-easing cycle, investors and analysts predict that future interest-rate cuts may…
Day: September 18, 2024
EU court confirms Qualcomm’s antitrust fine, with minor reduction
Europe’s second-highest court upheld a European Commission antitrust fine against U.S. chipmaker Qualcomm for predatory pricing, though it reduced the…
Teamsters to meet on Wednesday to consider potential US presidential endorsement
The Teamsters executive board is meeting in Washington on Wednesday to decide its endorsement for the 2024 U.S. presidential election.…
Exclusive: Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit
Commerzbank is set to appoint CFO Bettina Orlopp to lead discussions with UniCredit, following the Italian bank’s acquisition of a…
CBN pegs BDC forex sales at $5,000
The Central Bank of Nigeria (CBN) has introduced a new policy limiting the foreign exchange cash sales by Bureau de…
FG, states, LGs shared N1.2tn in August – FAAC
The Federal Accounts Allocation Committee (FAAC) has disbursed N1.2 trillion in revenue earned in August 2024 to the Federal Government,…
Three marketers to import 141m-litres petrol
Three major oil marketers are set to import about 141 million litres of Premium Motor Spirit (PMS) into Nigeria this…
N599bn rights issue to cut FX losses, says NB
Nigerian Breweries Plc has announced plans to reduce its foreign exchange (forex) losses and local debt burden through a N599.1…
Executive Order: Tinubu eyes $2.5bn investments
President Bola Tinubu has signed five executive orders to encourage investment in Nigeria’s oil and gas sector. These orders are…
Emirates’ bookings slow on dollar charges, visa – Travel agents
Travel agents in Nigeria report that bookings for Emirates flights have slowed down despite the airline’s scheduled resumption of services…
CBN to fine banks delaying customers’ complaints resolution
The Central Bank of Nigeria (CBN) has introduced stringent measures against commercial banks, payment service providers, and financial institutions that…
Tinubu never asked CBN Gov, Cardoso to resign – Presidency
The Presidency has clarified that President Bola Tinubu has not requested Yemi Cardoso to resign from his position as the…
Naira falls to N1,656 at I&E Window amid volatility, but hope for recovery grows as U.S Fed decision looms
The naira weakened to N1,656.49 per dollar at the official exchange window on September 17, 2024, marking a 7.12% drop…
Dangote’s 1,200km gas pipeline abandonment was a business decision, not govt policies- Petroleum Ministry
The Ministry of Petroleum Resources (Gas) has clarified that Dangote Group’s decision to abandon a proposed 1,200km subsea gas pipeline…