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Ekemini Uba 4868 posts 0 comments

Local

$200 million Landmark Beach Resort to be demolished for costal highway project

Apr 8, 2024 0
The Lagos State Government has issued a notice to demolish the $200 million Landmark Beach Resort, citing…
Local

Equity market faces third consecutive weekly loss

Apr 8, 2024 0
The Nigerian equities market faced its third consecutive weekly loss as investors grappled with the potential…
Banking

FCMB supports ReelFruit on sustainable manufacturing

Apr 8, 2024 0
First City Monument Bank (FCMB) has reiterated its dedication to sustainable manufacturing practices aimed at…
Business

High costs push manufacturing exports down 62% in 4yrs

Apr 8, 2024 0
The manufacturing sector's contribution to Nigeria's non-oil exports has experienced a significant decline of 62%…
Agriculture

Cashew farmers see low output on harsh harmattan

Apr 8, 2024 0
Cashew farmers in Nigeria anticipate a slight decrease in output for the 2024 season due to the severe harmattan…
Business

CBN’s policy reforms propel naira to high, but challenges remain

Apr 8, 2024 0
The Central Bank of Nigeria (CBN) has successfully implemented most of its long-awaited monetary policy reforms,…
Business

U.S. treasury secretary urges China to address global economic concerns

Apr 5, 2024 0
U.S. Treasury Secretary Janet Yellen recently highlighted growing worries about China's excessive manufacturing…
World

A near-miss cyberattack put US officials and the tech industry on edge

Apr 5, 2024 0
Last month, German software developer Andres Freund, employed by Microsoft, made a startling discovery during…
investment

Johnson & Johnson to acquire Shockwave medical for $12.5 Billion

Apr 5, 2024 0
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson &…
Local

Indonesia reconsiders export regulations after business group raise concerns

Apr 5, 2024 0
Indonesia is reviewing regulations aimed at limiting imports of over 3,000 products, according to a senior trade…
Business

Foxconn forecasts revenue growth in Q2 after dip in Q1

Apr 5, 2024 0
Foxconn, the world's largest contract electronics manufacturer and key assembler of Apple's iPhone, anticipates a…
World

Canada to raise fees for permanent residency applications

Apr 5, 2024 0
Starting April 30, 2024, Canada's immigration department, IRCC, will increase fees for permanent residency…
Local

United Capital Plc records 70.9 percent revenue increase

Apr 5, 2024 0
United Capital Plc, a prominent financial and investment services company in Nigeria, has experienced a remarkable…
Business

Petrol queues returns as NNPC struggles to meet demand

Apr 5, 2024 0
Motorists in certain parts of Lagos encountered renewed queues at petrol stations on Thursday, attributed to…
Commodities

Nigeria’s raw material imports surge by 25%

Apr 5, 2024 0
In 2023, imports of raw materials into Nigeria witnessed a substantial increase of 25%, totaling N3 trillion, as…
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…
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World

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