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Ekemini Uba 4493 posts 0 comments

Stock

Stock market sees investor losses on bearish trading

Apr 5, 2024 0
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday,…
investment

Ekiti varsity unveils N1bn agro-tech fund

Apr 5, 2024 0
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion…
Stock

FG to issue foreign currency denominated bonds in June

Apr 5, 2024 0
The Federal Government has announced intentions to launch domestic bonds denominated in foreign currency in the…
Banking

Stanbic IBTC bank upgrades mobile app

Apr 5, 2024 0
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app…
Business

Less than 30% of taxable citizens pay tax in Nigeria

Apr 5, 2024 0
The Christian Aid UK Nigerian Programme has disclosed that less than 30% of taxable citizens in Nigeria contribute…
Local

ThinkBusiness Africa faults proposed sugar tax hike

Apr 5, 2024 0
ThinkBusiness Africa, an economic analysis and policy advocacy group, has raised concerns regarding the assertions…
World

US employment boom leaves factory workers behind

Apr 4, 2024 0
The Ariens Company, famous for its bright orange snow blowers and lawnmowers, had a tough time last summer when…
Market

US has not asked India to cut Russian oil purchases, American official says

Apr 4, 2024 0
The United States hasn't told India to stop buying oil from Russia. Instead, they want to make sure the global oil…
Business

Global markets watchdog proposes closer scrutiny of stock exchanges

Apr 4, 2024 0
The International Organization of Securities Commissions (IOSCO) suggested new guidelines on Thursday to help…
World

Japanese companies agreed on biggest wage hike in 33 years, union group says

Apr 4, 2024 0
A group of Japanese companies have agreed to increase wages by 5.24% this year, according to Rengo, the country's…
Local

Customs Q1 revenue surpasses N1tn

Apr 4, 2024 0
The Nigeria Customs Service (NCS) has announced a significant increase in its revenue for the first quarter of…
Business

African airlines lead global air cargo demand growth in Feb. 2024

Apr 4, 2024 0
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced…
Business

SME agency tightens credit facility process for small businesses

Apr 4, 2024 0
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has implemented a new selection process…
Business

Nigeria’s business activity remains steady in March: Stanbic

Apr 4, 2024 0
According to the latest Purchasing Managers' Index (PMI) published by Stanbic IBTC, business activities in Nigeria…
Business

Transcorp plc reports 93% profit growth in 2023

Apr 4, 2024 0
Transnational Corporation Plc (Transcorp) witnessed a substantial increase in its profit before tax, soaring by…
Energy

Power outages hit Abuja, Lagos, and Nasarawa communities

Apr 4, 2024 0
Several communities in Abuja, Lagos, and Nasarawa are currently experiencing power outages as a result of…
Local

FX volatility forces 28 changes in Customs duty rate

Apr 4, 2024 0
The Nigeria Customs Service (NCS) is grappling with significant challenges due to instability in customs duty…
Business

Dangote refinery to reduce dependency on imported petrol by May

Apr 4, 2024 0
There are signs that Nigeria's reliance on imported petrol will decrease significantly as the $20 billion Dangote…
Energy

NERC announces tariff hike impacting over 1.9 million consumers

Apr 4, 2024 0
The Nigerian Electricity Regulatory Commission (NERC) has revealed that a total of 1,974,385 electricity consumers…
Business

Dangote sugar refinery launches N50bn commercial paper offer

Apr 4, 2024 0
Dangote Sugar Refinery PLC (DSR) has introduced Series 2 and 3 Commercial Paper offers totaling up to N50 billion…
Stock

Stock market starts week with bearish trend, investors lose N24.83

Apr 4, 2024 0
The Nigerian Exchange (NGX) All-Share Index began the week's trading on a downward note, shedding 4 basis points…
Business

Gabon launches national dialogue for democratic revitalization

Apr 3, 2024 0
Gabon has embarked on a historic national dialogue led by President Felix Tshisekedi, marking a significant…
Market

Markets brace for federal reserve speech over rate cuts

Apr 3, 2024 0
As markets navigate a shaky start to the second quarter, all eyes are on Federal Reserve Chair Jerome Powell's…
Business

Virgin Atlantic expects profitability in 2024 Demand

Apr 3, 2024 0
Virgin Atlantic anticipates returning to profitability in 2024 following robust revenue growth driven by increased…
Technology

China revises car loan policies to boost auto trade-Ins and sales

Apr 3, 2024 0
China's central bank has announced revisions to car loan policies aimed at promoting auto trade-ins and scrapping…
World

Greece approves purchase of 35 Blackhawk helicopters from Lockheed Martins

Apr 3, 2024 0
Greece has greenlit the acquisition of 35 UH-60M Blackhawk helicopters from U.S. defense contractor Lockheed…
Local

CBN increases customs exchange rate by 2.1%

Apr 3, 2024 0
The Central Bank of Nigeria (CBN) has raised the exchange rate used to calculate Customs duties at the nation's…
Business

MTN Nigeria seeks shareholders’ input In capital loss management

Apr 3, 2024 0
MTN Nigeria has announced plans to hold an extraordinary general meeting (EGM) with its shareholders later this…
Business

FX market roars back to life with $1bn single-day trade

Apr 3, 2024 0
On Tuesday, Nigeria's foreign exchange market experienced its highest turnover in a single day since 2017,…
Business

Cadbury Nigeria Plc faces N19.09bn loss

Apr 3, 2024 0
Cadbury Nigeria Plc, a consumer goods firm, has reported a loss of N19.09 billion after tax for the financial year…
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