Stockbrokers launch Lagos District Zone
The Chartered Institute of Stockbrokers (CIS) has officially inaugurated its Lagos Island District Society to enhance its membership drive and…
Author: ayotilewa
UK reveals key trends in work, study, and family visas For 2024
The UK’s immigration statistics for the year ending June 2024 reveal a total of 1.16 million visas issued across work,…
AfDB raises $2bn in new social bond issue
The African Development Bank (AfDB) has launched a new $2 billion social benchmark bond, set to mature on September 18,…
NNPC suspends fresh petrol orders over huge backlogs
The Nigerian National Petroleum Company (NNPC) has closed its petrol application portal, preventing independent marketers from placing fresh orders for…
Nigeria’s trade surplus hits N6.9tn in Q2 – NBS
Nigeria’s foreign exchange earnings saw significant growth in the second quarter of 2024, with the trade surplus rising to N6.95tn…
Maritime workers lament delay in port concession licences renewal
The Maritime Workers Union of Nigeria (MWUN) has called on the Federal Government to urgently renew the port concession licenses…
NNPC Demands Deployment of Its Crude Monitoring Team to Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC) and Dangote Refinery are making strides in their ongoing negotiations over in-country fuel…
Q2 2024: Federal Government VAT Collection Up 9.11% to N1.56tn
In Q2 2024, Nigeria’s Value Added Tax (VAT) receipts rose to N1.56 trillion, representing a significant 99.82% year-on-year growth from…
Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
Ivory Coast has become Nigeria’s largest trade partner in Africa by importing N2.05 trillion worth of crude oil in the…
Upper West, Upper East, record highest food and non-inflation rates
In August 2024, Ghana’s Upper West and Upper East regions recorded the highest inflation rates, with food inflation at 41.5%…
Cement retailers commend govt for passage of price regulation LI
Cement retailers in Ghana have expressed support for the new Legislative Instrument (LI) aimed at stabilizing cement prices. Retailers believe…
Boeing strike threat looms as workers vote on contract
Boeing’s U.S. West Coast factory workers are set to vote on a controversial new contract on Thursday, with the potential…
US holiday sales to grow at slowest pace since 2018, report says
U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday…
Shell’s $1.3bn asset sale to Renaissance not completed yet – FG
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that Shell’s $1.3 billion deal to sell its onshore assets to…
American Businessman Sentenced to 68 Years in Nigerian Court for $1.6 Million Visa Fraud
American businessman Marco Antonio Ramirez has been sentenced to 68 years in prison by a Lagos court for defrauding Nigerians…
FG unveils plans to generate $100 billion annually from creative economy
The Federal Government of Nigeria has unveiled a comprehensive plan aimed at generating $100 billion annually and creating over two…
Guaranty Trust recorded N1tr profit in six months
Guaranty Trust Holding Company (GTCO) Plc has achieved a historic milestone by becoming the first Nigerian financial institution to report…
National committee to tackle multiple taxation, others
The Federal Government of Nigeria has established a five-member committee to address the issues of multiple taxation and the harassment…
Airtel okays $.5m fellowship
Airtel Africa has approved an initial $500,000 to fund the Airtel Africa Fellowship Program, aimed at supporting 10 undergraduate students…
Osubi Airport earns N831m in six months
Osubi Airport in Warri has seen significant growth in passenger traffic and revenue in the first half of 2024, generating…
Nigeria’s trade surplus rises 34% to N6.95 trn
Nigeria’s trade surplus experienced a significant rise in the second quarter of 2024, climbing 33.9% quarter-on-quarter (QoQ) to N6.95 trillion…
HARSH ECONOMY: Sacked workers withdraw N9.2bn from pension savings
In the first half of 2024 (H1’24), a total of 14,179 Retirement Savings Account (RSA) holders who lost their jobs…
Nigeria added 45,000bpd oil in August – Report
Nigeria’s crude oil production increased to 1.352 million barrels per day (mbpd) in August 2024, up from 1.307 mbpd in…
4 million containers handled in five years, say barge operators
The Barge Operators Association of Nigeria (BOAN) has announced that its members successfully mobilized four million twenty-foot equivalent units (TEUs)…
Marketers, refiners demand total subsidy removal
Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, urging…
UniCredit buys 9% stake in Germany’s Commerzbank, sparking takeover talk
Italy’s UniCredit has acquired a 9% stake in Germany’s Commerzbank for €700 million, raising speculation that UniCredit’s CEO Andrea Orcel…
Indonesian crypto exchange Indodax loses $22 million to hackers
Indonesian crypto exchange Indodax has suffered a major hack, losing $22 million in assets from its hot wallets. Blockchain analytics…
First Bank of Nigeria halts misconceptions, Clarifies sale of FBNQuest merchant bank
First Bank of Nigeria (FBN) has confirmed that the recent sale of its 100% equity stake applies solely to FBNQuest…
Mastercard rolls out Non-custodial Bitcoin debit card in historic move
Mastercard has introduced a new Bitcoin debit card in partnership with crypto payment company Mercuryo. This card allows users to…
Taiwan to assist Nigeria achieve technological growth
Taiwan is ready to support Nigeria in boosting its technology sector, as revealed by Mr. James Huang, Chairman of the…