EU Fines Apple $2 Billion for App Store Antitrust Violation
Brussels levied a historic fine of 1.84 billion euros ($2 billion) against Apple (AAPL.O) on Monday, marking the tech giant’s…
Year: 2024
EU Countries Split Over Support for Nuclear Energy
Divergent views on nuclear energy policy among European Union member states were on display Monday, with France spearheading one camp…
Valero Joins Summit’s Carbon Capture Project
Valero Energy Corp (VLO.N) has partnered with Iowa-based Summit Carbon Solutions in its proposed carbon-capture and storage project, as announced…
EU Pushes for Fossil Fuel Industry Contribution to Climate Finance
The European Union (EU) is poised to advocate for the fossil fuel industry to contribute to funding efforts aimed at…
Blackwells Capital Calls for Stronger Strategy, Disney Seeks Board Seats
Investor Blackwells Capital has highlighted concerns over Walt Disney’s performance, citing the lack of a robust content and technology strategy,…
Exor Acquires 10.1% Stake in Clarivate, With Potential Increase to 17.5%
Italy’s Agnelli family, through its investment arm Exor, has acquired a 10.1% stake in Clarivate, a New York-listed information services…
U.S. Funding Legislation Blocks China from Buying Oil from Strategic Petroleum Reserve
The funding legislation introduced by congressional leaders on Sunday includes a provision to prevent China from purchasing oil from the…
FCMB Charges Accountants on Transparency
The Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun, emphasized the importance of sustainability accounting during her…
FCT residents loot NEMA warehouse
Residents of the Federal Capital Territory (FCT) reportedly looted a warehouse belonging to the National Emergency Management Agency (NEMA) due…
Lagos State to Implement Monthly Rental Scheme by End of 2024
Barakat Odunuga-Bakare, the Special Adviser to the Lagos State Governor on Housing, announced plans to enforce the state’s monthly rental…
Qatar Airways and Access Bank to Offer Flight Discounts Across Africa
Qatar Airways has joined forces with Access Bank to provide discounts on flights to the bank’s customers across Africa. According…
NICA Advocates for Inclusive Credit System for Students
The National Institute of Credit Administration (NICA) has urged for the establishment of a credit system that extends access to…
Equity Market Investors Lose N1.55tn
In February, investors in the Nigerian equity market suffered significant losses amounting to approximately N1.55 trillion due to the allure…
Africa Prudential Plc Appoints First Female CEO
Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange, has named Catherine Nwosu as its first female Chief…
Senate to Probe N30tn Loan Spent by Buhari’s Administration
The Senate has announced plans to question officials from the Central Bank of Nigeria (CBN) regarding the utilization of the…
African Share of Global Trade Remains Below 3%: Report”
According to a report assessing progress on regional integration in Africa by the Economic Commission for Africa (ECA), the continent’s…
EFCC Uncovers Fresh N17bn Fraud Linked to Ministry of Humanitarian Affairs
Allegations of fraud within the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development continue to escalate as the…
BREAKING: MTN Nigeria Incurs N740 Billion In Forex Losses, Shareholders Funds Wiped Out
MTN Nigeria Plc has recorded a significant loss before tax amounting to N177.8 billion, attributing the losses to a substantial…
Forex Crisis: FG Slaps $10 Billion Fine on Binance
The Federal Government has imposed a $10 billion fine on cryptocurrency platform Binance, accusing it of exacerbating Nigeria’s forex crisis.…
Zambia Plans to Import and Ration Electricity Due to Drought
Zambia is grappling with a severe drought crisis, prompting President Hakainde Hichilema to announce plans to import and ration electricity,…
Ghana’s Parliament Faces Power Cut Over Unpaid Debt
Ghana’s state-run electricity provider, ECG, took the drastic step of briefly cutting off power to the parliament building, aiming to…
India’s Rice Output to Drop for the First Time in 8 Years- Govt
India anticipates a decline in rice production for the first time in eight years during the 2023/24 season due to…
Tesla Rolls Out New Incentives in China as Price War Escalates
Tesla has unveiled new incentives, including insurance subsidies, in a bid to attract consumers in the world’s largest auto market,…
Investors Await UK Spring Budget Amid Election Speculation
As Britain anticipates its Spring budget set for the upcoming Wednesday, investors closely monitor Finance Minister Jeremy Hunt’s balancing act…
Facebook Owner Meta Angers Australia with Plan to Stop Paying for News Content
Meta Platforms, formerly known as Facebook, announced its decision to halt payments to Australian news publishers for content appearing on…
Disney Founders’ Grandchildren Back CEO Bob Iger Against Activist Investors
The grandchildren of Walt and Roy Disney, founders of Walt Disney Co (DIS.N), have voiced their support for CEO Bob…
MainOne Lands 2Africa Subsea Cable in Akwa Ibom State
MainOne, in collaboration with 2Africa, has successfully installed the 45,000-kilometre subsea cable system in Akwa Ibom State, Nigeria. This initiative…
OPay Urges Customers to Link BVN or NIN to Accounts
OPay, a financial services firm, has called on its customers to comply with the Central Bank of Nigeria’s directive by…
FRC to Enforce Stricter Codes for Accounting Professionals
The Financial Reporting Council (FRC) has issued a stern warning, indicating its intent to hold accounting professionals and companies accountable…
Rand Merchant Bank optimistic about $11bn Indo-Nigeria trade
Rand Merchant Bank (RMB) highlights the promising prospects of trade between Nigeria and India, estimated at $11.8 billion, following the…