Canada to raise fees for permanent residency applications
Starting April 30, 2024, Canada’s immigration department, IRCC, will increase fees for permanent residency applications. The fee, currently at $515,…
Author: ayotilewa
United Capital Plc records 70.9 percent revenue increase
United Capital Plc, a prominent financial and investment services company in Nigeria, has experienced a remarkable surge in revenue, reaching…
Petrol queues returns as NNPC struggles to meet demand
Motorists in certain parts of Lagos encountered renewed queues at petrol stations on Thursday, attributed to challenges faced by the…
Nigeria’s raw material imports surge by 25%
In 2023, imports of raw materials into Nigeria witnessed a substantial increase of 25%, totaling N3 trillion, as per data…
Stock market sees investor losses on bearish trading
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday, continuing a decline…
Ekiti varsity unveils N1bn agro-tech fund
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion Innovation Fund aimed…
FG to issue foreign currency denominated bonds in June
The Federal Government has announced intentions to launch domestic bonds denominated in foreign currency in the second quarter of this…
Stanbic IBTC bank upgrades mobile app
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app tailored specifically for…
Less than 30% of taxable citizens pay tax in Nigeria
The Christian Aid UK Nigerian Programme has disclosed that less than 30% of taxable citizens in Nigeria contribute to tax…
ThinkBusiness Africa faults proposed sugar tax hike
ThinkBusiness Africa, an economic analysis and policy advocacy group, has raised concerns regarding the assertions made by the Corporate Accountability…
US employment boom leaves factory workers behind
The Ariens Company, famous for its bright orange snow blowers and lawnmowers, had a tough time last summer when sales…
US has not asked India to cut Russian oil purchases, American official says
The United States hasn’t told India to stop buying oil from Russia. Instead, they want to make sure the global…
Global markets watchdog proposes closer scrutiny of stock exchanges
The International Organization of Securities Commissions (IOSCO) suggested new guidelines on Thursday to help regulators keep a closer eye on…
Japanese companies agreed on biggest wage hike in 33 years, union group says
A group of Japanese companies have agreed to increase wages by 5.24% this year, according to Rengo, the country’s largest…
Customs Q1 revenue surpasses N1tn
The Nigeria Customs Service (NCS) has announced a significant increase in its revenue for the first quarter of 2024 compared…
African airlines lead global air cargo demand growth in Feb. 2024
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced a remarkable 22% year-on-year…
SME agency tightens credit facility process for small businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has implemented a new selection process for beneficiaries of its…
Nigeria’s business activity remains steady in March: Stanbic
According to the latest Purchasing Managers’ Index (PMI) published by Stanbic IBTC, business activities in Nigeria stayed unchanged in March,…
Transcorp plc reports 93% profit growth in 2023
Transnational Corporation Plc (Transcorp) witnessed a substantial increase in its profit before tax, soaring by 93.5% to N58.8 billion in…
Power outages hit Abuja, Lagos, and Nasarawa communities
Several communities in Abuja, Lagos, and Nasarawa are currently experiencing power outages as a result of technical glitches affecting transmission…
FX volatility forces 28 changes in Customs duty rate
The Nigeria Customs Service (NCS) is grappling with significant challenges due to instability in customs duty rates caused by fluctuations…
Dangote refinery to reduce dependency on imported petrol by May
There are signs that Nigeria’s reliance on imported petrol will decrease significantly as the $20 billion Dangote Refinery plans to…
NERC announces tariff hike impacting over 1.9 million consumers
The Nigerian Electricity Regulatory Commission (NERC) has revealed that a total of 1,974,385 electricity consumers will be affected by its…
Dangote sugar refinery launches N50bn commercial paper offer
Dangote Sugar Refinery PLC (DSR) has introduced Series 2 and 3 Commercial Paper offers totaling up to N50 billion under…
Stock market starts week with bearish trend, investors lose N24.83
The Nigerian Exchange (NGX) All-Share Index began the week’s trading on a downward note, shedding 4 basis points to close…
Gabon launches national dialogue for democratic revitalization
Gabon has embarked on a historic national dialogue led by President Felix Tshisekedi, marking a significant departure from the 54-year…
Markets brace for federal reserve speech over rate cuts
As markets navigate a shaky start to the second quarter, all eyes are on Federal Reserve Chair Jerome Powell’s upcoming…
Virgin Atlantic expects profitability in 2024 Demand
Virgin Atlantic anticipates returning to profitability in 2024 following robust revenue growth driven by increased demand from holidaymakers. The airline…
China revises car loan policies to boost auto trade-Ins and sales
China’s central bank has announced revisions to car loan policies aimed at promoting auto trade-ins and scrapping government-set minimum down…
Greece approves purchase of 35 Blackhawk helicopters from Lockheed Martins
Greece has greenlit the acquisition of 35 UH-60M Blackhawk helicopters from U.S. defense contractor Lockheed Martin Corp, as part of…