Business CBN grants IMTOs naira access to boost remittances Jun 25, 2024 0 The Central Bank of Nigeria (CBN) has announced new measures aimed at enhancing naira liquidity and increasing!-->…
Business BDC Operators Struggle with New CBN Guidelines Jun 25, 2024 0 Bureau De Change (BDC) operators in Nigeria have yet to comply with the new operational guidelines issued by the!-->…
Business Business registration possible in 24 hours, says CAC ambassador Jun 25, 2024 0 The Corporate Affairs Commission (CAC) has introduced a Special Registration Portal (SRP) that enables business!-->…
World US prosecutors recommend Justice Dept. criminally charge Boeing Jun 24, 2024 0 U.S. prosecutors are urging the Justice Department to bring criminal charges against Boeing, alleging the company!-->…
Market Japan warns against rapid FX moves, reiterates readiness for action Jun 24, 2024 0 Japan is prepared to intervene against excessive market movements as the yen approaches 160 to the dollar, top!-->…
Technology Apple’s App Store rules breach EU tech rules, EU regulators say Jun 24, 2024 0 The EU has charged Apple with breaching tech rules by preventing app developers from steering consumers to!-->…
World Deadly Fire at South Korean Lithium Battery Plant Jun 24, 2024 0 A fire broke out at a lithium battery manufacturing plant in Hwaseong, South Korea, on Monday, resulting in!-->…
Local Dangiwa Elected Chair of African Ministers’ Housing Financial Caucus Jun 24, 2024 0 Ahmed Dangiwa, the Minister of Housing and Urban Development, has been elected as the first chairman of the!-->…
Finance FBN Holdings gross earnings soared by 181% in Q1 Jun 24, 2024 0 FBN Holdings reported a significant 181.43% increase in gross earnings to N1.60 trillion for Q1 2024. Interest!-->…
Business Caverton Offshore loss worsens to N12bn Jun 24, 2024 0 Caverton Offshore Support Group's losses after tax worsened by 146.79% to N12.75 billion at the end of 2023,!-->…
Business High food prices persist despite N1.25tn agriculture budget Jun 24, 2024 0 Farmers and stakeholders have criticized the rising food prices in Nigeria, despite the federal government!-->…
Business Naira sells 1,485/dollar as official forex market records $23bn Jun 24, 2024 0 Forex turnover in Nigeria's official market surged to $23.29 billion over six months, driven by Central Bank of!-->…
Banking NOVA Merchant Bank Transitions to Commercial Bank Jun 24, 2024 0 NOVA Merchant Bank Limited has obtained approval to transition into a national commercial bank, announced Phillips!-->…
Business Aiteo resumes production at OML 29 in Bayelsa after oil leak shutdown Jun 24, 2024 0 Aiteo Eastern Exploration and Production Company (AEEPCO) has resumed production at Oil Mining License (OML 29) in!-->…
Business Airport extortion beyond aviation ministry’s control – Keyamo Jun 24, 2024 0 The Minister of Aviation and Aerospace Development, Festus Keyamo, acknowledged that the problem of extortion by!-->…
Business NNPC shifts $700m gas pipeline delivery date to August Jun 24, 2024 0 The Nigerian National Petroleum Company Limited (NNPC) has postponed the completion date of the $700 million!-->…
Business Nigeria Spends $15.55bn on Debt Servicing Over Five Years Jun 24, 2024 0 The Federal Government of Nigeria spent $15.55 billion on debt servicing between 2019 and 2024, according to data!-->…
Business Dangote accuses IOCs of plotting failure of its refinery Jun 24, 2024 0 Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, has accused International Oil!-->…
Business Protests Erupt in Kenya Over New Tax Increases Jun 24, 2024 0 Protests have erupted across Kenya following the approval of significant tax increases by lawmakers, which have!-->…
Finance China asks Visa, Mastercard to cut card fees, Bloomberg News reports Jun 21, 2024 0 China is advocating for Visa and Mastercard to decrease their bank card transaction fees in the country, aiming to!-->…
Market Chinese automakers retain grip over Southeast Asia’s booming electric car… Jun 21, 2024 0 Electric vehicle (EV) sales in Southeast Asia have more than doubled in the January to March quarter compared to!-->…
Business JPMorgan wealth head sees China’s economic outlook improving Jun 21, 2024 0 Mary Erdoes, CEO of asset and wealth management at JPMorgan Chase, expressed optimism about the bank's business!-->…
Local NNPC, TotalEnergies Commit $550m To Boost Domestic Gas Market Jun 21, 2024 0 In a significant move to enhance Nigeria's oil and gas production, NNPC and TotalEnergies have announced a $550!-->…
Banking First Bank of Nigeria Appoints Olusegun Alebiosu as CEO, Ini Ebong as Deputy MD Jun 21, 2024 0 First Bank of Nigeria Limited has officially named Olusegun Alebiosu as its new Managing Director and Chief!-->…
Commodities Toyota Reveals 2025 Crown Signia Jun 21, 2024 0 Toyota has introduced the 2025 Toyota Crown Signia, a new addition to the Crown family that promises "effortless!-->…
Local Cooking gas price increases by 70% in yearly refill costs for 5kg LPG cylinders Jun 21, 2024 0 The average retail price for refilling a 5kg Liquefied Petroleum Gas (LPG) cylinder, commonly known as cooking!-->…
Business FG’s deficit spending rises 8% to N1.07trn Jun 21, 2024 0 The Federal Government of Nigeria's deficit spending rose by 8.0% year-on-year (YoY) to N1.07 trillion in January!-->…
Business NLNG’s $4.3bn Train-7 project reaches 67% completion Jun 21, 2024 0 Nigeria LNG Limited has announced that its $4.3 billion Train-7 project is now 67% complete. The project has!-->…
Business FG seeks N450 billion from June 2024 bond auction Jun 21, 2024 0 The Federal Government of Nigeria aims to raise at least N450 billion through its June 2024 bond offer, as!-->…
investment Olufemi Otedola Becomes Largest Shareholder in FBN Holdings with New Share… Jun 21, 2024 0 Olufemi Otedola, chairman of FBN Holdings, has acquired an additional 546,674,034 shares through Calvados Global!-->…