NASENI Signs Multibillion-Dollar MoUs for Technological Advancements
The National Agency for Science and Engineering Infrastructure (NASENI) has inked multibillion-dollar Memoranda of…
Yearly Archives
2024
Cash Scarcity Persists: Nigerians Endure High PoS Costs Despite Central Bank…
Nigerian customers continue to face challenges in accessing cash, leading to increased reliance on high-cost PoS…
Departure of BPE and FCCPC Heads: Not Dismissals, but Relief from Positions-…
The Presidency has clarified that the departure of the heads of the Bureau of Public Enterprises (BPE) and the…
Ahead of AFCON:Football Fans Express Discontent Over Startimes’ Subscription…
Football fans are expressing shock and disappointment as StarTimes announces a 15% increase in subscription prices…
NAFDAC Highlights Strategies for Consumers to Identify Fake Products
In the battle against counterfeit drugs and unwholesome products in the Nigerian market, the National Agency for…
Nigeria Faces 65% Drop in Foreign Investments, Loses Top Spot to Kenya
Foreign investments in Nigerian startups experienced a significant decline, falling by 65.83% year-on-year to $410…
U.S. Stock Futures Retreat, Boeing Faces New Woes, Nvidia Hits Record High
U.S. stock futures are poised for a potential pullback after Monday's rally, influenced by gains in chip designer…
U.S. Dollar Rebounds, Euro Falters on Weak German Data
The U.S. dollar makes a comeback in early European trade, reclaiming ground lost after slipping from its…
Citi Downgrades Netflix, Cites “Lofty Expectations”
Citi strategists downgrade Netflix (NFLX) from Buy to Neutral, leading to a 2% pre-market decline. The rationale…
Global Markets Hold Gains, Eyes on CPI Data and Rate Cut Expectations
Global markets maintained their gains on Tuesday following a tech-led rally on Wall Street and lower oil prices.…
Global X Optimistic about Brazil’s Economic Prospects, Sees Investment…
Global X, a leading exchange-traded funds (ETF) provider with assets of around $48 billion worldwide, expresses…
European Equities Slip Amid Losses in Tech and Financial Stocks
European equities experienced a decline on Tuesday, primarily driven by losses in technology and financial stocks.…
Dollar Rally Paused as U.S. Inflation Expectations Decline
The U.S. dollar rally faced a pause on Tuesday as a decline in U.S. consumer inflation expectations influenced…
UBA Hits N1 Trillion Market Capitalization
United Bank for Africa (UBA) achieved a significant milestone as its market capitalization surpassed the N1…
Equity Market’s Rally Surpasses N3.5 Trillion in Seven-Day Streak
The Nigerian Exchange Limited's bullish run continued into its seventh day on Monday, yielding a daily gain of…
cNGN Delays Launch Pending Regulatory Approval
The Africa Stablecoin Consortium has officially postponed the launch of its cNGN stablecoin, originally scheduled…
UN Highlights Downward Risks to Nigeria’s Growth in 2024
The United Nations, in its 'World Economic Situation and Prospects 2024' report, has revealed that Nigeria faces…
Dangote Petroleum Refinery Nears Production with 6th Batch of Crude Oil
The Dangote Petroleum Refinery announced its imminent entry into refined petroleum production as it received the…
NCC Threatens Call Disruption: Globacom Faces Bar from Making Calls to MTN
The Nigerian Communications Commission (NCC) has issued a public notice indicating its intent to bar Globacom…
NERC Dissolves Kaduna Electricity Distribution Company Board Over N110bn Debt
The Nigerian Electricity Regulatory Commission (NERC) announced the dissolution of the board of directors of…
Cash Scarcity Causes Sharp Decline in ATM Usage- KPMG
A report titled "In Pursuit of Value," by KPMG reveals a significant drop in the weekly usage of Automated…
MAN Criticizes EFCC’s Armed Invasion of Dangote Industries
The Manufacturers Association of Nigeria (MAN) has strongly criticized the armed invasion of Dangote Industries…
Manufacturers Hit Hard as Currency Depreciates by 38.9%
In the last three months, the Nigerian naira has lost nearly 39% of its value against the US dollar, dropping from…
CBN, Clearing Debt to Boost Naira and Enhance Investor’s Confidence
The Central Bank of Nigeria (CBN) has announced its commitment to settling pending obligations and boosting the…
Nigeria Ranks 22nd Globally for Cheapest Gasoline Prices, Despite Oil Production…
"A recent report titled 'Global Petrol Prices, Octane-95, January 1, 2024,' on global gasoline prices reveals that…
Guinness, Nestle and Others Face N472.3 Billion Loss Due to Naira Depreciation
Major consumer goods companies, including Cadbury, Guinness Nigeria, and Nestle, faced a collective loss of N472.3…
Mixed Start for European Stock Markets as Investors Await Key Inflation Data
European stock markets began the week with mixed trading, reflecting subdued risk appetite among investors. The…
Gold Prices Extend Decline Amid Strong U.S. Labor Data, Focus Shifts to CPI
Gold prices continued their descent in Asian trade on Monday, following losses from the previous session. The…
Boeing Shares Plunge in Frankfurt as FAA Orders Grounding of 737 MAX 9 Jets
Boeing faced a significant setback in the stock market as its shares listed in Frankfurt plummeted by up to 8%…
Japan Urges Swift MOU Signing for Sri Lanka’s Debt Restructuring Amidst…
Japan has reiterated the urgency of promptly finalizing the signing of a Memorandum of Understanding (MoU) between…