Stock Futures advance as Big Tech continues to recover Aug 7, 2024 0 U.S. stock index futures surged on Wednesday, recovering from earlier losses as investors regained risk appetite.!-->…
Business Lyft forecasts soft quarter after delivering net profit in Q2 Aug 7, 2024 0 Lyft's shares fell over 10% in premarket trading on Wednesday after the company issued a cautious forecast for the!-->…
Business Tim Walz’s Record as Minnesota Governor: An Overview Aug 7, 2024 0 Since Tim Walz became Minnesota's governor in January 2019, the state's economic performance has generally lagged!-->…
Business Credit to economy falls 1.5% to N102.7trn Aug 7, 2024 0 In June, banks’ lending to the economy fell by 1.5% from May, dropping to N101.2 trillion. This decrease was noted!-->…
Business CBN okays Unity, Providus Banks’ merger arrangement Aug 7, 2024 0 The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and Providus Bank. This decision was!-->…
Business US, Africa Investment Summit To Hold In September Aug 7, 2024 0 The Sub-Saharan Africa Business and Investment Summit (SSABIS) will return in September 2024, following the!-->…
Local TCN Blames Arcing For Loss Of Supply On National Grid Aug 7, 2024 0 The Transmission Company of Nigeria (TCN) has refuted reports of a grid collapse on Monday. Instead, it described!-->…
Business Aviation Unions Seek Tinubu’s Intervention In Arik Air’s Grounding Aug 7, 2024 0 Three major aviation unions have appealed to President Bola Tinubu for intervention in the grounding of Arik Air's!-->…
Currency CBN steps in to save naira with retail dollar auction Aug 7, 2024 0 The Central Bank of Nigeria (CBN) is holding a retail dollar auction today in an effort to stabilize the naira,!-->…
Business Nigeria’s NLNG dividend falls 43% on gas constraints Aug 7, 2024 0 Nigeria's revenue from Nigeria Liquefied Natural Gas (NLNG) Limited has dropped by 43% due to persistent gas!-->…
Business Dangote to sell 12.5% refinery stake amid liquidity concern Aug 7, 2024 0 The Dangote Group is considering selling a 12.5% stake in its newly commissioned refinery due to liquidity!-->…
Business FG unveils comprehensive strategy for economic growth, citizens’ welfare Aug 7, 2024 0 Nigeria’s Finance Minister, Wale Edun, has outlined the federal government’s strategy to revitalize the economy!-->…
Local Heirs Insurance Group appoints Puri, Iroche as non-executive directors Aug 7, 2024 0 Heirs Insurance Group (HIG) has announced the appointment of Ibrahim Puri and Sonny Iroche as independent!-->…
Business NGX slumps as global tensions trim N371bn from investors’ wealth Aug 7, 2024 0 The Nigerian Exchange Limited (NGX) continued its slide on Tuesday, with the All-Share Index dropping by 0.67% to!-->…
Business US transport safety board to hold hearings on Boeing 737 MAX 9 mid-air emergency Aug 6, 2024 0 The U.S. National Transportation Safety Board (NTSB) is set to question witnesses from Boeing, Spirit AeroSystems,!-->…
Technology Google has an illegal monopoly on search, US judge finds Aug 6, 2024 0 A U.S. judge has ruled that Google violated antitrust laws by using billions of dollars to establish an illegal!-->…
Business Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US… Aug 6, 2024 0 Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory!-->…
Business SoftBank seen posting modest profit in Q1, buyback potential in focus Aug 6, 2024 0 Japan's SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor!-->…
Business NNPC Announces Launch of New Crude Oil Grade, Targets 50,000bpd Aug 6, 2024 0 NNPC Ltd has launched a new crude oil grade called Utapate into the international market. The oil is produced from!-->…
Business Overland Begins Lagos-Abuja Direct Flights Aug 6, 2024 0 Starting August 9, 2024, Overland Airways will begin daily direct flights between Lagos and Abuja. The airline!-->!-->!-->…
Business NCC orders telcos to simplify tariff plans Aug 6, 2024 0 The Nigerian Communications Commission (NCC) has directed telecom operators to make their tariff plans, bundles,!-->…
Stock Global stock markets plunge on US recession fears Aug 6, 2024 0 Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant!-->…
Currency Naira depreciates to N1,600/$ in parallel market Aug 6, 2024 0 On Monday, the Naira weakened in the parallel market, falling to N1,600 per dollar from N1,590 last weekend. !-->!-->!-->…
Business Oil/gas communities send memo to FG, IOCs, NDDC Aug 6, 2024 0 Oil and gas communities in the Niger-Delta have presented a comprehensive agenda to the Federal Government,!-->…
Trade BUA Cement’s pre-tax profit drops by 54% in Q1 Aug 6, 2024 0 BUA Cement’s second-quarter results for 2024 show a significant decline in pre-tax profit, falling by 54%!-->…
Business MTN, Airtel Cut Foreign Debt as Naira Falls Aug 6, 2024 0 Telecommunication giants MTN Nigeria and Airtel Africa have significantly reduced their foreign exchange (FX)!-->…
Business Nigerians experience blackout as national grid collapses again Aug 6, 2024 0 Nigeria's electricity grid collapsed once more on Monday, causing a nationwide blackout. The system failure, which!-->…
Business Businesses reopen as states contain simmering protests Aug 6, 2024 0 On Monday, many businesses in Lagos, including popular markets like Mile 2 and government offices in Alausa and!-->…
Crypto Cryptocurrency Market Faces $900M Loss as Bitcoin Prices Drop Aug 6, 2024 0 In the past 24 hours, the cryptocurrency market experienced $900 million loss, primarily due to the liquidation of!-->…
Local CBN introduces Dutch auction system to tackle forex shortages Aug 5, 2024 0 The Central Bank of Nigeria (CBN) has introduced a Retail Dutch Auction System (DAS) to address the fluctuations!-->…