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Year: 2024

Alan Kyerematen Plans to Revitalize Ghana’s Economy
AfricaFinanceMarketWorld

Alan Kyerematen Plans to Revitalize Ghana’s Economy

Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great Transformational Plan (GTP) aimed…

byayotilewaFebruary 6, 2024February 6, 2024
NAFDAC Bans Alcoholic Beverages in Sachets Under 200ml
Local

NAFDAC Bans Alcoholic Beverages in Sachets Under 200ml

The National Agency for Food and Drug Administration and Control (NAFDAC) has officially declared its intention to enforce the ban…

byayotilewaFebruary 6, 2024February 6, 2024
World Bank’s Managing Director to Embark on  Visit to Nigeria
AfricaBreakingEuropeInvestinginvestmentLocalWorld

World Bank’s Managing Director to Embark on Visit to Nigeria

Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day engagement in…

byayotilewaFebruary 6, 2024February 6, 2024
Dollar Supply Surges, Naira Closes Week at N1435.53/$
BankingBreakingBusinessCurrencyFinanceLocalMarketTrade

Dollar Supply Surges, Naira Closes Week at N1435.53/$

In the official foreign exchange market, dollar supply witnessed a significant increase, rising by 180.59 percent to $440.13 million on…

byayotilewaFebruary 5, 2024February 5, 2024
N146bn Needed for Marina Shoreline Repairs- FG
CommoditiesenvironmentFinanceInvestingLocal

N146bn Needed for Marina Shoreline Repairs- FG

The Minister of Works, David Umahi, has highlighted the need for N146 billion to repair the deteriorating Marina shorelines during…

byayotilewaFebruary 5, 2024February 5, 2024
Neveah Ltd Redeems N2.92bn Commercial Papers
BusinessCommoditiesFinanceInvestingLocal

Neveah Ltd Redeems N2.92bn Commercial Papers

Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has fulfilled its obligation by redeeming the…

byayotilewaFebruary 5, 2024February 5, 2024
NGX Regulation, IFRS, and FRC Nigeria Commits to Sustainability Reporting
AfricaBusinessFinanceLocal

NGX Regulation, IFRS, and FRC Nigeria Commits to Sustainability Reporting

The NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have reaffirmed their dedication to promoting sustainability reporting…

byayotilewaFebruary 5, 2024February 5, 2024
Ghana Cabinet Withdraws 15% VAT on Electricity
AfricaBusinessCommoditiesEnergy

Ghana Cabinet Withdraws 15% VAT on Electricity

The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread public…

byayotilewaFebruary 5, 2024February 5, 2024
COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”
AfricaBusinessCommoditiesMarketWorld

COCOBOD Dismisses Reports on Cocoa Importation as “Misinformation”

COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of 2,500 metric tonnes of cocoa…

byayotilewaFebruary 5, 2024February 5, 2024
Pres. Akufo-Addo Sends Condolence on the Passing of Namibian President
Local

Pres. Akufo-Addo Sends Condolence on the Passing of Namibian President

President Nana Addo Dankwa Akufo-Addo has extended his condolences to the Government and people of Namibia following the passing of…

byayotilewaFebruary 5, 2024February 5, 2024
Iraq Bans Eight Local Banks from U.S. Dollar Transactions
BankingBreakingBusinessEuropeFinanceWorld

Iraq Bans Eight Local Banks from U.S. Dollar Transactions

Iraq has implemented a ban on eight local commercial banks from conducting U.S. dollar transactions as part of efforts to…

byayotilewaFebruary 5, 2024February 5, 2024
Shell PLC Returns $23bn to Shareholders
BreakingBusinessFinanceInvestinginvestmentLocalStockTrade

Shell PLC Returns $23bn to Shareholders

Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23 billion to…

byayotilewaFebruary 2, 2024February 2, 2024
CBN Sets $1m Minimum Share Capital Requirement for IMTOs
BankingBreakingBusinessCurrencyFinanceLocalTrade

CBN Sets $1m Minimum Share Capital Requirement for IMTOs

The revised guidelines for the operation of IMTOs, officially released via the CBN’s website and signed by Dr. Hassan Mahmud,…

byayotilewaFebruary 2, 2024February 2, 2024
Bullish Trading on Stock Market, Gaining N902bn
BankingBreakingBusinessCommoditiesFinanceInvestingLocalMarketStockTrade

Bullish Trading on Stock Market, Gaining N902bn

The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion. The All-Share Index…

byayotilewaFebruary 2, 2024February 2, 2024
Delta Air Lines Ranks 11th on 50 Most Admired Companies List
AfricaAsiaBreakingEuropeLocalTechnologyWorld

Delta Air Lines Ranks 11th on 50 Most Admired Companies List

Delta Air Lines has secured the 11th position on Fortune Magazine’s prestigious Top 50 Most Admired Companies list, making it…

byayotilewaFebruary 2, 2024February 2, 2024
Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline
BankingBusinessCommoditiesCurrencyFinanceLocalMarketTrade

Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline

Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus foreign exchange…

byayotilewaFebruary 2, 2024February 2, 2024
FBN Holdings Reports N309bn Profit
BankingBusinessFinanceFintechinvestmentLocalTrade

FBN Holdings Reports N309bn Profit

FBN Holdings, in its Unaudited Consolidated Financial Statements for the period ended December 31, 2023, announced a substantial profit of…

byayotilewaFebruary 2, 2024February 2, 2024
Google Launches Advanced AI Model in Nigeria
BreakingBusinessCommoditiesLocalTechnology

Google Launches Advanced AI Model in Nigeria

Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday. Gemini Pro represents an enhanced…

byayotilewaFebruary 2, 2024February 2, 2024
Dangote Refinery: NIMASA Foresees Revenue Decline
BusinessCommoditiesFinanceinvestmentLocal

Dangote Refinery: NIMASA Foresees Revenue Decline

The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the commencement of operations by…

byayotilewaFebruary 1, 2024February 1, 2024
Lagos State Government to Remove Illegal Buildings in Two Weeks
BreakingenvironmentLocal

Lagos State Government to Remove Illegal Buildings in Two Weeks

The Lagos State Government has announced plans to initiate the removal of illegal building attachments and conversions across the state…

byayotilewaFebruary 1, 2024February 1, 2024
NIMC Expands Enrolment Systems to Boost NIN Registration
CommoditiesinsuranceLocal

NIMC Expands Enrolment Systems to Boost NIN Registration

The National Identity Management Commission (NIMC) has authorized the deployment of additional enrolment systems to bolster National Identification Number (NIN)…

byayotilewaFebruary 1, 2024February 1, 2024
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
BankingBreakingBusinessCommoditiesCurrencyFinanceLocalMarketTrade

CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate

In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks…

byayotilewaFebruary 1, 2024February 1, 2024
Femi Otedola Appointed Chairman of FBN Holdings
BreakingBusinessFinanceLocalMarket

Femi Otedola Appointed Chairman of FBN Holdings

FBN Holdings, the parent company of First Bank of Nigeria, has appointed billionaire businessman and investor Femi Otedola as its…

byayotilewaFebruary 1, 2024February 1, 2024
BDC Operators Suspend Operations Due to Dollar Scarcity
BreakingBusinessCurrencyFinanceLocalMarket

BDC Operators Suspend Operations Due to Dollar Scarcity

Bureau De Change (BDC) operators in Abuja have announced the suspension of their operations due to the unavailability of dollars.…

byayotilewaFebruary 1, 2024February 1, 2024
FG Explores Green Hydrogen Opportunities for Cleaner Energy Transition
CommoditiesEnergyenvironmentLocal

FG Explores Green Hydrogen Opportunities for Cleaner Energy Transition

The Federal Government has embarked on exploring opportunities in green hydrogen as part of its efforts to transition from fossil…

byayotilewaFebruary 1, 2024February 1, 2024
Port Harcourt Refinery Undergoes Test-run
BusinessCommoditiesLocalMarket

Port Harcourt Refinery Undergoes Test-run

The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test runs, with refined petroleum…

byayotilewaFebruary 1, 2024February 1, 2024
EFCC Investigates Controversial Nigeria Air Deal-Festus Keyamo
BreakingBusinessFinanceLocal

EFCC Investigates Controversial Nigeria Air Deal-Festus Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, revealed on Wednesday that the Economic and Financial Crimes Commission (EFCC) is…

byayotilewaFebruary 1, 2024February 1, 2024
CBN Clears Foreign Airlines’ Unpaid Claims
BreakingBusinessFinanceinvestmentLocal

CBN Clears Foreign Airlines’ Unpaid Claims

The Central Bank of Nigeria (CBN) announced that it has settled outstanding payments owed to foreign airlines operating in the…

byayotilewaJanuary 31, 2024January 31, 2024
Sky Logistics Launches Scholarship Program for Nigerian Travel Agencies
Local

Sky Logistics Launches Scholarship Program for Nigerian Travel Agencies

Sky Logistics Limited (GSA Nigeria) Delta Air Lines Incorporated has introduced a scholarship program aimed at supporting select travel agencies…

byayotilewaJanuary 31, 2024January 31, 2024
Jetour Introduces X90 Plus ‘Cruise’ SUV to Nigerian Market
BusinessCommoditiesLocalTechnology

Jetour Introduces X90 Plus ‘Cruise’ SUV to Nigerian Market

Jetour Mobility Service has unveiled the X90 Plus, also known as ‘Cruise’, in the Nigerian market, offering enhanced features and…

byayotilewaJanuary 31, 2024January 31, 2024

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