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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…
Business

Nigeria plans nearly 300% Increase in electricity tariffs

Apr 3, 2024 0
The Nigerian government is reportedly considering a significant increase in electricity tariffs, aiming to attract…
Business

Dangote refinery’s diesel supply lowers pump prices

Apr 3, 2024 0
The pump price of Automotive Gas Oil (diesel) in Nigeria has witnessed a significant drop from around N1,700/litre…
Business

Dangote, Adenuga, others maintain top ranks on Forbes billionaire list

Apr 3, 2024 0
Despite economic challenges in the country, prominent Nigerian businessmen Aliko Dangote, Mike Adenuga, Abdulsamad…
Banking

Banking sector slumps on NGX amid minimum capital requirement

Apr 3, 2024 0
The Nigerian banking sector experienced a downturn on the Nigerian Exchange Limited (NGX) yesterday, fueled by…
Business

Naira appreciates to N1,270 in parallel market

Apr 3, 2024 0
Today, Tuesday, the Naira showed signs of appreciation against the dollar in both the parallel market and the…
World

Thailand welcomes 9.4 million foreign tourists in Q4 2024

Apr 2, 2024 0
Thailand's tourism ministry announced on Tuesday that the country recorded 9.4 million foreign tourists in the…
World

UBS launches $2 billion share buyback program

Apr 2, 2024 0
UBS announced on Tuesday the launch of a new share buyback program worth up to $2 billion, with half of the…
Local

Google settles lawsuit, agrees to destroy billions of data records

Apr 2, 2024 0
HeadlineGoogle has agreed to destroy billions of data records as part of a settlement to resolve a lawsuit…
World

South Asia’s jobs creation lags population growth, says World Bank

Apr 2, 2024 0
The World Bank cautioned on Tuesday that job creation in South Asian economies is lagging behind the increase in…
World

Frontier airlines operate high-fare markets to improve earnings

Apr 2, 2024 0
Frontier Airlines, a U.S. no-frills carrier, is adjusting its strategy to prioritize growth in "high fare" markets…
World

Disney gains upper hand in boardroom battle against activist investors

Apr 2, 2024 0
Walt Disney (DIS.N) seems to have gained the upper hand in the battle for board seats and the future direction of…
Local

Dry weather threatens Ivory Coast cocoa crop

Apr 2, 2024 0
Farmers in Ivory Coast, the world's leading cocoa producer, are worried about their cocoa crop due to the lack of…
Local

Over 100 companies benefit from tax exemption- NIPC

Apr 2, 2024 0
According to the Nigerian Investment Promotion Commission (NIPC), a total of 107 companies are currently receiving…
Business

Africa Prudential approve 900m dividends

Apr 2, 2024 0
Shareholders of Africa Prudential Plc have given their approval for the payment of N900 million in dividends,…
Business

Alternative bank, TK Tech Africa set $500m digital sukuk partnership

Apr 2, 2024 0
The Alternative Bank and TK Tech Africa are teaming up to revolutionize financial technology and non-interest…
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World

UN Warns Trump Against Iran Strikes as Deadline Nears:…

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