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Ekemini Uba 4473 posts 0 comments

World

IMF asks CBN to stop waivers for banks

May 10, 2024 0
The International Monetary Fund (IMF) has advised the Nigerian government against proposed amendments to the Act…
Local

NPA Introduces E-tags for Improved Cargo Delivery

May 10, 2024 0
The Nigerian Ports Authority (NPA), in partnership with Truck Transit Parks Limited (TTP), has initiated the…
Banking

IMF cautions FG against CBN Act amendment  

May 10, 2024 0
The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central…
Local

Reps ask Shettima, NDPHC to revive Gbarain power plant in Bayelsa

May 10, 2024 0
The House of Representatives has called on Vice President Kashim Shettima, who chairs the Board of the Niger Delta…
Business

Nigeria spends $1.12 billion on servicing foreign debts in Q1 2024

May 10, 2024 0
Data from the Central Bank of Nigeria (CBN) reveals that Nigeria spent approximately 70% of its dollar payments in…
Business

SEC imposes N10m penalty for unauthorised security issuance

May 10, 2024 0
The Securities and Exchange Commission (SEC) has proposed new rules governing the issuance and allotment of…
Business

GTCO shareholders approve $750m capital raising plan

May 10, 2024 0
At Guaranty Trust Holding Company (GTCO) Plc's third Annual General Meeting, shareholders approved the…
Business

Tinubu Orders Completion of Inland Dry Ports Nationwide

May 10, 2024 0
President Bola Tinubu, represented by Sen. George Akume, has directed the swift completion of all unfinished…
Africa

Uganda Named Top Investment Destination in Africa, Wins Award at Abu Dhabi…

May 10, 2024 0
At the Annual Investment Meeting (AIM) in Abu Dhabi, Uganda was awarded the top investment destination in Africa,…
Business

Nigeria Considers Reinstating Telecom Tax to Secure $750 Million World Bank Loan

May 10, 2024 0
Nigeria is contemplating reinstating a previously suspended telecom tax and other fiscal measures to secure a new…
World

Canada fines Binance $4.38 mln for money laundering violations

May 10, 2024 0
Canada's anti-money laundering agency, FINTRAC, has imposed a fine of almost C$6 million on cryptocurrency…
investment

NCC Partners with Nokia to Train Nigerian Youths on 4G/5G Technologies

May 10, 2024 0
The Nigerian Communications Commission (NCC) has entered into a Memorandum of Understanding with Nokia Solutions…
Local

SEC Unveils Stricter Rules on Private Companies’ Securities Issuance and…

May 10, 2024 0
The Securities and Exchange Commission (SEC) has introduced new regulations governing the issuance and allotment…
Local

Olufowose replaces Hassan-Odukale as First Bank chairman

May 10, 2024 0
FBN Holdings has confirmed the departure of Mr. Tunde Hassan-Odukale as Chairman of First Bank of Nigeria Limited…
Local

TikTok Adopts Technology to Label AI-Generated Content

May 9, 2024 0
TikTok announced plans to implement "Content Credentials," a technology developed by Adobe, to label images and…
Local

Airbnb Shares Drop Over 8% Pre-market on Weak Q2 Forecasts

May 9, 2024 0
Airbnb shares (ABNB.O) plummeted more than 8% in pre-market trading on Thursday following disappointing…
Local

U.S. Overtakes China as Germany’s Top Trading Partner in Q1 2024

May 9, 2024 0
According to Reuters' calculations based on official data from the German statistics office, the United States has…
Local

Australian Tax Office Targets Crypto Traders for Tax Compliance

May 9, 2024 0
The Australian Tax Office (ATO) is making moves to ensure people trading cryptocurrencies pay their taxes. They've…
Local

Nigerian biotech startup becomes first African lab to offer liquid biopsy to…

May 9, 2024 0
A Nigerian biotech startup called Syndicate Bio has teamed up with SophiaGenetics, a company specializing in…
Local

West African CEOs Express Concerns Over Local Economic Decline

May 9, 2024 0
The PwC Annual Global CEO survey for West Africa reveals that over half of CEOs in the region expect their local…
Local

Tinubu assures US of enhanced power supply through Nigeria’s abundant gas…

May 9, 2024 0
President Bola Tinubu, represented by Minister Yusuf Maitama Tuggar, has pledged improved power supply in Nigeria,…
Local

African Diaspora Union Seeks Citizenship Rights, Visas on Arrival Support from…

May 9, 2024 0
The Africans in Diaspora Development Union (AFRIDU) has approached Nigeria's Ministry of Interior seeking…
Local

Disney and Warner Bros. Discovery to Launch Streaming Bundle with Disney+, Hulu,…

May 9, 2024 0
Disney and Warner Bros. Discovery have announced plans to introduce a streaming bundle featuring Disney+, Hulu,…
Local

ACMAN deems 0.5% cybersecurity levy ill-timed amid financial inclusion efforts

May 9, 2024 0
The Association of Capital Market Academics of Nigeria (ACMAN) has voiced apprehension regarding the timing of the…
Local

CBN extends suspension of processing fees on large cash deposits to September 2024

May 9, 2024 0
The Central Bank of Nigeria (CBN) has prolonged the suspension of processing fees on significant cash deposits…
Local

Airtel incurs $1.7 billion in foreign exchange loss over currency devaluation in…

May 9, 2024 0
Airtel Africa's fiscal year 2024 financial report reflects a $1.7 billion loss attributed to currency devaluations…
Business

FG plans further VAT increase, new sharing formula

May 9, 2024 0
The presidential committee on fiscal policy and tax reforms has recommended an increase in the value-added tax…
Commodities

Nigeria Plans Full Operation of Two Refineries by End of 2024

May 9, 2024 0
Senator Ifeanyi Ubah, Chairman of the Senate Committee on Petroleum (Downstream), announced plans for two…
Business

Transcorp Group records 1,475% profit before tax in Q1

May 9, 2024 0
Transnational Corporation Plc (Transcorp Group) announced a remarkable 1,475 percent growth in Profit Before Tax…
Currency

Naira Depreciates by 4.60% at Official Market, Trades at N1,416.57 to Dollar

May 9, 2024 0
The Nigerian naira experienced depreciation at the official market, with the exchange rate reaching N1,416.57 to…
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NIGERIA

Business

Afreximbank Leads $4 Billion Funding Boost for Dangote Refinery

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Economy

President Tinubu Seeks Senate Approval to Raise 2026 Budget by N9 Trillion

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Finance

Africa Loses $88 Billion Annually to Illicit Financial Flows – Edun Highlights Urgent Need for Fiscal Reforms

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World

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

Oct 2, 2024

Refugees Contribute $124b To U.S. Economy

Oct 2, 2024
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