Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports
Apple plans to use OLED displays for all iPhone models starting in 2025, according to Japan’s Nikkei. This shift from…
Author: ayotilewa
Cathay Pacific inspections find 15 A350s need engine parts replaced
Cathay Pacific Airways announced it has inspected its entire Airbus A350 fleet after a critical engine component failed during a…
Asian markets slip amid economic worries
Asian markets fell on Tuesday as investors anticipated the upcoming U.S. jobs report, which is expected to influence the Federal…
‘It’s falsehood,’ FG denies ordering NNPC to raise fuel price
The Federal Government has refuted claims suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited…
NGX, UNIMAID Sign Strategic Partnership to Promote Capital Market Education
The Nigerian Exchange (NGX) and the University of Maiduguri (Unimaid) have signed a Memorandum of Understanding (MoU) aimed at bridging…
PremiumTrust Bank posts N47.8b gross earnings
PremiumTrust Bank achieved gross earnings of N47.80 billion and a profit before tax of N14.10 billion in 2023, as announced…
Nigeria’s manufacturing sector plunges as GDP contribution declines by 20.95% in 6 months
Nigeria’s manufacturing sector has seen a significant decline in its contribution to the nation’s GDP, dropping by 20.95% in the…
Equities market resumes September bullish, investors gain N123bn
The Nigerian equities market kicked off September on a bullish note, with investors’ wealth growing by N123.45 billion due to…
NCAA Clarifies Misconception Of U.S. Flight Ban For Nigerian Airlines
The Nigeria Civil Aviation Authority (NCAA) has addressed recent reports claiming a U.S. ban on Nigerian airlines, clarifying that there…
DMO opens September bonds offer with 18.2% interest
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched its September 2024 Federal Government of Nigeria…
Petrol scarcity: No respite as marketers run out of stock amid slump in imports
Nigeria’s petrol scarcity crisis has deepened, with fuel marketers struggling to replenish their dwindling stock as the Nigerian National Petroleum…
WazirX hacker moves $6.5 million in Ethereum to under fire mixer Tornado Cash
India’s largest cryptocurrency exchange, WazirX, has suffered a devastating security breach, resulting in the theft of $235 million in crypto…
UK’s Aviva conspired to dodge India compensation and tax rules, agency says
The Indian tax agency has accused British insurer Aviva of breaching local regulations on sales commissions through a scheme involving…
Futures extend gains after inflation data
U.S. stock index futures continued their upward trend on Friday, bolstered by a key inflation report that showed price pressures…
Oil prices face pressure from slow China demand and inventory rise
Oil price forecasts for 2024 have been downgraded due to weak fuel demand from China, the world’s top importer, and…
US regulator finds banks have work to do on climate risk, sources say
Global stock markets surged on Friday, heading for a fourth straight month of gains, driven by positive U.S. growth data…
Equity market reverses loss with N117bn gain
The Nigerian Stock Exchange (NSE) rebounded on Thursday, recovering from the previous day’s losses as investors gained N117 billion. The…
Manufacturing grows by 1.28%
In the second quarter of 2024, Nigeria’s manufacturing sector recorded a year-on-year growth of 1.28%, according to the latest Gross…
CBN lifts suspension on bank borrowing, sets 31.75% lending rate
The Central Bank of Nigeria (CBN) has reinstated access to its Standing Lending Facility (SLF) following the recent 296th Monetary…
Reps Uncover Over N500b In Unused TETFund For Nigerian Universities
The House of Representatives has pledged to address the challenges preventing Nigerian tertiary institutions from accessing over N500 billion in…
OVH Acquisition: CAC dissolves NNPC retail, Nueoil
The Corporate Affairs Commission (CAC) has dissolved NNPC Retail, the downstream arm of the Nigerian National Petroleum Company Limited (NNPC),…
NCC uncovers 100,000 SIM cards linked to one individual
The Nigerian Communications Commission (NCC) has uncovered a shocking case where over 100,000 Subscriber Identification Modules (SIM) cards were linked…
NNPC absorbing actual costs of petroleum products, says Tonye Cole
Tonye Cole, co-founder of Sahara Group, has highlighted the significant pressure on the Nigerian National Petroleum Company (NNPC) Limited due…
Concerns as Emirates opens ticket booking in dollars
Stakeholders in Nigeria’s travel industry have expressed concern over Emirates’ decision to price tickets on Nigerian routes in U.S. dollars…
Africa’s poverty is man-made, not an act of God – Obasanjo
Former Nigerian President Olusegun Obasanjo recently highlighted the man-made nature of poverty in Africa, emphasizing that the continent has the…
NUPRC rejects Shell’s $1.3bn onshore asset sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International Plc’s proposed sale of its onshore assets to…
Birkenstock misses profit estimates as expansion plan hits margins
Birkenstock missed quarterly profit expectations, with its shares dropping 12% in premarket trading. The German sandal maker’s global expansion and…
China will not impose anti-dumping measures on EU brandy, for now
Beijing has decided not to impose provisional tariffs on European Union brandy despite finding that it was sold below market…
Exclusive: US government funding yielded hundreds of patents for China-based researchers
Research funded by the U.S. Defense Department, NASA, and other government agencies has resulted in over 1,000 U.S. patents granted…
Aviation minister signs MoU with Boeing to facilitate aircraft acquisition
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, signed a strategic Memorandum of Understanding (MoU) with Boeing to advance…