Expert faults NBS for omitting Marine, Blue economy data
Dr. Muda Yusuf, CEO of the Centre for the Promotion of Public Enterprise, criticized the National Bureau of Statistics (NBS)…
Author: ayotilewa
ICAN charges inductees to uphold principles of accounting
The Institute of Chartered Accountants of Nigeria (ICAN) has advised newly inducted Accounting Technicians to adhere to the five fundamental…
Vehicle importation falls 60.8% in H1’24
Vehicle imports into Nigeria fell sharply by 60.4 percent year-on-year to 10,991 in the first half of 2024, reflecting the…
Lafarge Africa Unveils Nigeria’s First Low-Carbon Multipurpose Cement, ECOPlanet Unicem
Lafarge Africa Plc has launched ECOPlanet Unicem, Nigeria’s first low-carbon multipurpose cement, with a 30 percent reduction in CO2 emissions.…
FG’s revenue surpassed budgetary target, says minister
Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Federal Government’s revenue for the first half…
Nigeria imported $2.25bn fuel from Malta — Report
Nigeria has imported $2.25 billion worth of fuel from Malta over the past nine years, with a dramatic spike in…
ICYMI: Construction begins at Midoil refinery
Midoil Refining and Petrochemicals Company Limited has officially started construction activities in Lagos, with a sod-turning ceremony at Shekungba, Ikosi/Ejinrin…
FG has exited Way & Means – Edun
In a press conference in Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced…
Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103 Billion
Dangote Cement Plc reported a pre-tax profit of N293 billion for the first half of 2024, marking a 22% increase…
NNPC Vs Dangote: Where The Truth Lies
Aliko Dangote, Africa’s richest man, has faced numerous challenges and adversities throughout his career, particularly in the cement industry against…
Real Madrid Break €1billion Revenue Barrier
Real Madrid has made history by becoming the first football club to exceed €1 billion in revenue, reaching €1.073 billion…
Meta Removes 63,000 ‘Yahoo Boys’ Accounts
Meta, the parent company of WhatsApp, Facebook, and Instagram, has removed 63,000 accounts connected to ‘Yahoo Boys’ targeting users in…
First Bank/Visa Promo To Reward 520 Cardholders
First Bank, in partnership with Visa, has launched a Visa Cross Border and Summer campaign running from April 1 to…
CBN’s 26.75% Interest Rate Will Worsen Purchasing Power – MAN
The Manufacturers Association of Nigeria (MAN) has expressed concerns over the Central Bank of Nigeria’s (CBN) recent hike in the…
Hardship: Stranded foreign scholars groan as FG slashes allowances
The Federal Government of Nigeria has announced a 12.7% cut in allowances for students studying abroad in countries like Russia,…
Certain Workers Excluded from Nigeria’s New N70,000 Minimum Wage
As workers anticipate the implementation of Nigeria’s new N70,000 minimum wage, not all will benefit from this increase. According to…
Naira depreciates to N1,575/$ in parallel market
The Naira depreciated to N1,575 per dollar in the parallel market, down from N1,565 per dollar the previous day. In…
Nissan shares plunge after profit warning
Nissan shares tumbled over 10% after issuing a profit warning due to fierce sales competition, particularly in the United States.…
Unilever Sees 4% Profit Rise in H1 2024
Unilever reported a 4% increase in net profit for the first six months of 2024, reaching 3.7 billion euros ($4.0…
CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) sold one-year Treasury Bills at a 22.1% stop rate during its July 24 auction…
FCMB posts N64.2 billion pre-tax profit in the first half of 2024
FCMB Group recorded a profit before tax of N64.2 billion in the first half of 2024, a 68% increase from…
ETH Spot ETFs Underperform, Triggering Crypto Sell-off
The recent poor performance of newly launched ETH spot ETFs caused a significant decline in the crypto market early Thursday.…
US refiners’ Q2 profits fall on low margins, soft fuel demand
U.S. oil refiners are set to report significantly lower earnings for the second quarter compared to last year, following a…
Musk launches poll asking if Tesla should invest $5 bln in xAI, early votes in favour
Tesla CEO Elon Musk has initiated a poll on the social media platform X to gauge public opinion on whether…
Hotel workers in four US cities to hold strike authorization votes
Approximately 13,500 unionized hotel workers across Boston, San Francisco, Honolulu, and Providence, Rhode Island, are set to vote on strike…
Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix
Fortune 500 companies, excluding Microsoft, are projected to incur financial losses totaling $5.4 billion due to a recent CrowdStrike outage,…
UK business activity picks up after pre-election lull, PMI data shows
British business activity experienced a notable uptick in July, following a lull before the July 4 election, driven by the…
Forex: Reps Pass Bill To Impose ‘Windfall Tax’ On Banks
The House of Representatives has approved a bill to impose a ‘Windfall Tax’ on commercial banks that benefited from the…
First Bank/Visa Promo To Reward 520 Cardholders
First Bank has initiated a Visa Cross Border and Summer campaign in collaboration with Visa, running from April 1, 2024,…
Access Bank Disburses N740b To 18m Digital Borrowers
Access Bank has disbursed N740 billion to 18 million borrowers through its digital lending services since launching in 2017. This…