NERC Reels Out New Sanctions For DisCos
The Nigerian Electricity Regulatory Commission (NERC) announced new sanctions for Distribution Companies (DisCos) failing to meet specific contractual obligations with…
Author: ayotilewa
Global Regulators Tighten Rules On Banks Outsourcing Services
The Basel Committee of banking regulators has proposed that bank board directors take ultimate responsibility for managing the risks associated…
Food Security: FEC Approves Procurement Of 2000 Tractors, 1200 Trailers
The Federal Executive Council (FEC) has approved the procurement of 2,000 tractors, 4,000 disc ploughs, 1,200 tractor trailers, and other…
Naira tumbles above the N2,000 mark against British pound
The Nigerian naira faced downward pressure as it started Thursday’s session with a weakening trend against the British pound sterling,…
Cost of living crisis: Nigeria ranked 5th hardest hit African country
Nigeria has been identified as the fifth hardest-hit African country by the global cost-of-living crisis, according to a mid-2024 index…
TD Africa Recognized at Huawei Event for Exceptional Service and Distribution Excellence
TD Africa was celebrated at Huawei’s recent event themed ‘Accelerate Industrial Intelligence’ for its exemplary contributions to Huawei’s success in…
Keystone Wins Retail Bank of the Year 2024 Award
Keystone Bank Limited has been recognized as the ‘Retail Bank of the Year’ at the Africa Industrial and Development Conference…
FG, USAID sign N115bn MoU to support power sector reforms
The United States Agency for International Development (USAID) and the Federal Ministry of Power have signed a memorandum of understanding…
UK economy improved in May – Report
Britain’s economic output grew by 0.4 percent in May, surpassing analysts’ expectations of 0.2 percent and rebounding from flat GDP…
Nigerian Equity Market Declines for Third Day, Investors Lose N2.18bn
The Nigerian equity market extended its losing streak for the third consecutive day this week, with investors losing N2.18 billion…
Spirits set to overtake wine as global drinking habits change
A report by the World Spirits Alliance forecasts that more cases of spirits like vodka and whisky will be sold…
US retailers try to move back-to-school shopping to July
American retailers are kickstarting their back-to-school promotions earlier this year to compete with Amazon’s Prime Day on July 16 and…
Honeywell to buy Air Products’ LNG unit for $1.81 bln as deal-making spree continues
Honeywell announced its fourth acquisition of the year, purchasing Air Products’ liquefied natural-gas (LNG) process technology and equipment business for…
Yandex split nears completion as Russian traders finalise share exchange
Russian traders have finalized a share exchange for investors in Yandex, often referred to as Russia’s Google, marking one of…
Exclusive: Bank of Israel waiting for digital euro ahead of digital shekel launch
The Bank of Israel (BOI) is committed to exploring a digital shekel to enhance the country’s payment system and encourage…
First Bank, others join Zone decentralised payment network
First Bank, United Bank for Africa (UBA), and Zenith Bank have joined Zone’s decentralized payment network. This development follows Zone’s…
Air Peace economy class to London booked till August – COO
Air Peace’s Chief Operating Officer, Toyin Olajide, announced that economy class tickets for flights from Lagos to London are fully…
No going back on N250,000 minimum wage, TUC insists
The Trade Union Congress (TUC) remains firm on its demand for a N250,000 minimum wage for workers in Nigeria, according…
NGX Suspends Trading of 8 Companies Over Late Financial Filings
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of eight companies for failing to file their Audited…
N400bn oil production shortfall threatens 2024 budget
Nigeria’s oil production is significantly below its OPEC quota and budget benchmarks, causing severe pressure on the industry. With a…
Apapa Customs collects over N1trn in 6mths
Despite a drop in importation, the Apapa Area 1 Command of the Nigeria Customs Service (NCS) collected over N1 trillion…
NCAA to sanction airlines over false flight schedule
The Nigeria Civil Aviation Authority (NCAA) has issued a warning to commercial airlines against deceitful departure time scheduling, emphasizing that…
Fuel Scarcity: Filling Stations To Operate Longer Hours To Aid Supply – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that fuel stations will extend their operating hours to improve…
Firm Invests In Renewable Energy, Generates 3,200 Kwh
BAT Nigeria has invested millions of dollars in a solar power plant at its Ibadan manufacturing facility, generating an average…
Australia Increases Minimum Wage To $915 Per Week For Lowest Paid Workers
The Fair Work Commission (FWC) has announced a 3.75% increase in Australia’s minimum and award wages. This change raises the…
Oil companies in Texas restoring operations following hurricane Beryl
Oil and gas companies in Texas are restarting operations after Hurricane Beryl hit the state with 80-mph winds, causing property…
Megacaps, chip stocks lift futures before Powell testimony
U.S. stock index futures rose on Tuesday, driven by gains in megacap technology and semiconductor stocks. This continues Monday’s rally,…
Disney to add new ship in Tokyo to expanding cruise business
Walt Disney (DIS.N) announced plans to launch a new cruise ship from Tokyo in fiscal 2028, adding a ninth vessel…
How a Trump election victory could ruffle Latin American markets
Investors are preparing for various scenarios in case former President Donald Trump wins back the White House in November, with…
DBS CEO says bank hunting for bolt-on deals, not game-changing ones
Asia’s wealthy and their bankers are optimistic about a recovery in China, betting that exposure to the region, even amidst…