Power Outage Disrupts National Assembly Proceedings
A significant power outage at the National Assembly on Tuesday caused delays and disruptions to crucial…
Yearly Archives
2024
EFCC Intercepts 21 Trucks Loaded with Smuggled Goods
Operatives of the Maiduguri Zonal Command of the Economic and Financial Crimes Commission (EFCC) intercepted 21…
Google Africa’s Boss Wins Silverbird Awards
Alex Okosi, the Managing Director of Google Africa, was awarded the Iconic Pioneer Award at the 2023 Silverbird…
Binance Discontinues Naira Services Amid Government Scrutiny
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira…
Tesla’s Halts Production in Germany After Arson Attack
Tesla's European Gigafactory near Berlin has ceased operations until further notice following what CEO Elon Musk…
Ghana Faces $3.8 Billion Funding Cut Over Anti-LGBTQ Bill
The Ghanaian government stands to lose $3.8 billion in World Bank funding due to the recent passage of an…
Abuja Businessman Reacts As Hoodlums Invade, Loot His Warehouse
Murtala Ibrahim Gusau, an Abuja-based businessman, responded to the invasion of his warehouse by suspected…
EFCC Reveals 70% of Financial Crimes Linked to Banking Sector
During the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in…
Navy Apprehends Ghanaian Vessel for Alleged Crude Oil Theft
The Nigerian Navy announced the arrest of a Ghanaian vessel, Motor Tanker SWEET MIRI, along with its 13-member…
Binance Executives In NSA Custody, Can’t Attend N’Assembly Hearing – Lawyer
The House of Representatives demanded the arrest of top executives of Binance Holdings Limited, a cryptocurrency…
Aliko Dangote Renames Road after Late Herbert Wigwe
Aliko Dangote, the wealthiest black man globally, announced the renaming of the road leading to the Dangote Oil…
Nigerian Police Ban Use of POS Transactions in Stations
Inspector-General of Police, Kayode Egbetokun, has prohibited the use of Point-of-Sales (POS) and other electronic…
IMF Urges Nigerian Government to Address Widespread Hunger
The International Monetary Fund (IMF) has called on the Nigerian government to take immediate action to combat…
Nigeria’s Oil Production Faces OPEC Cut Hurdle
Nigeria, Africa's largest crude oil producer, confronts challenges in its oil production amid OPEC and its…
Final Farewell to Herbert Wigwe: Political and Business Leaders Pay Tribute
The Eko Hotel in Lagos witnessed an evening filled with deep emotions as political and business leaders, friends,…
Naira Strengthens to N1,534.9/$1 on Third Consecutive Day
yThe exchange rate between the naira and the dollar continued its upward trend for the third consecutive day,…
Fintech Firm Brass to Temporarily Disengage Staff Due to Economic Realities
Fintech company Brass has revealed plans to temporarily disengage an unspecified number of its staff, citing…
FG to Release 58,500 Metric Tonnes of Rice to Stabilize Market
The Federal Government plans to release approximately 58,500 metric tonnes of milled rice to the market as a…
Nigeria, others to Benefit from UK’s £37.3m Mobile for Development program
The UK government has committed £37.3 million to support the Mobile for Development Program, benefiting Nigeria…
Transcorp Power Starts First Day of Trading Gaining 10%
Transcorp Power Plc made its debut on the Nigerian Exchange on Monday, March 4th, experiencing a remarkable 10%…
CCECC Resumes Work on Enugu-Port Harcourt Dual Carriageway After Termination…
The China Civil Engineering Construction Corporation Ltd (CCECC) has recommenced work on section 4 of the…
China Vows to ‘Transform Economy, Sets Growth target
Chinese Premier Li Qiang unveiled an ambitious economic growth target of around 5% for 2024 during his maiden…
UK’s Foxtons Forecasts Resilience in Lettings Business
Foxtons (FOXT.L) anticipates resilience in its lettings business following a marginal rise in annual profit,…
Bostic: No Urgency to Cut Interest Rates Given US Economy’s Strength
Atlanta Fed President Raphael Bostic emphasized that the U.S. Federal Reserve faces no immediate need to reduce…
South Africa Business Activity Picks Up in Feb. PMI survey Shows
In a positive turn, South African private sector activity expanded in February for the first time in six months,…
Asian Stocks Slide as China’s Parliament Session Disappoints Investors
Most Asian stocks experienced declines on Tuesday, with Hong Kong leading the downturn, as the commencement of…
Former Twitter Executives Sue Elon Musk for Unpaid $128 Million
Four former top Twitter executives, including former CEO Parag Agrawal, have collectively sued Elon Musk for over…
Thales Reports Strong Performance with 11% Increase in Operating Profit
France's Thales announced a robust performance for 2023, with an 11% underlying increase in operating profit…
Europe to Battle with US for Aluminium
European and U.S. buyers are poised to fiercely compete for aluminium from Middle Eastern sources if the European…
Bitcoin Bursts Above $65,000, Record High Comes into View
Bitcoin soared to a two-year high on Monday, surpassing $65,000 fueled by a surge of investment that brought it…