Business U.S. Factory Production Falls in April May 20, 2024 0 U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output.!-->…
Business China’s April industrial output rises 6.7% but Retail Sales Growth Slows May 20, 2024 0 China's industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in!-->…
Africa Nigeria Overtakes South Africa as Indonesia’s Top African Investment… May 20, 2024 0 Nigeria has become Indonesia's top investment destination in Africa, surpassing South Africa, with a trade balance!-->…
World Microsoft offers cloud customers AMD alternative to Nvidia AI processors May 17, 2024 0 Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They're!-->…
Business Electricity: Most DisCos are technically insolvent— NERC May 17, 2024 0 During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory!-->…
Local Olukoyede: Some youths trading crypto unaware they’re being used to fund terrorism May 17, 2024 0 Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), raised concerns about the!-->…
Business FAAC Disburses N1.2trn Revenue To FG, States, LG For April May 17, 2024 0 During the May 2024 meeting of the Federation Accounts Allocation Committee (FAAC), Nigeria disbursed a total of!-->…
Business FIRS falls short of N4.8trn target, generates N3.94trn in Q1 May 17, 2024 0 The Federal Inland Revenue Service (FIRS) did not meet its tax revenue target for the first quarter of 2024,!-->…
Local Atedo Peterside Criticizes Government’s N90 Billion Hajj Subsidy May 17, 2024 0 Atedo Peterside, the founder of Stanbic IBTC Bank, has criticized the federal government’s decision to provide a!-->…
Business Concerns Rise as Dollar Reaches N1,533.99 in Official Market May 17, 2024 0 Nigerians are increasingly worried as the dollar reached N1,533.99 in the official market, creating uncertainty!-->…
Business Emirates Returns To Nigeria After 25 Months May 17, 2024 0 Emirates, the flag carrier of the United Arab Emirates (UAE), will resume daily flight services between Lagos and!-->…
Business Tax Burden Threatening Participation In AfCFTA – MAN May 17, 2024 0 The Manufacturers Association of Nigeria (MAN) has raised concerns about the impact of multiple taxation on the!-->…
Local Customs Board Confirms Appointment Of 5 DCGs, 8 ACGs May 17, 2024 0 The Nigeria Customs Service Board (NCSB) has announced the appointment of five Deputy Comptrollers-General (DCGs)!-->…
Business Tinubu Pledges Support For Local Manufacturers May 17, 2024 0 The federal government is committed to creating a conducive environment for local manufacturers and small-scale!-->…
Market Weststar Unveils the Luxurious Mercedes-Benz GLS Facelift in Nigeria May 17, 2024 0 In a move to redefine luxury SUVs, Mercedes-Benz Nigeria, through Weststar Associates Limited, has unveiled the!-->…
Banking 8 banks pay N200bn as income tax in Q1’24 May 17, 2024 0 In the first quarter of 2024 (Q1'24), eight commercial banks in Nigeria collectively paid a total of N200.19!-->…
Business Deployment of CNG pumps rises 233% — Pi-CNG May 17, 2024 0 The deployment of dispensing pumps for Compressed Natural Gas (CNG) in Nigeria has experienced a remarkable surge!-->…
Crypto Crypto Exchanges Delist Naira from Peer-to-Peer Trading Platforms, SEC Confirms May 17, 2024 0 The Securities and Exchange Commission (SEC) announced yesterday that crypto exchanges have initiated the!-->…
Crypto Morgan Stanley Joins Major US Banks with $269 Million Investment in Bitcoin ETFs May 17, 2024 0 Morgan Stanley, one of the top banking firms in the United States, has disclosed its investment of $269 million in!-->…
Business Gas Supply Gets 25% Boost As Tinubu Unveils 3 Projects May 16, 2024 0 President Bola Tinubu recently commissioned three significant gas projects aimed at enhancing energy supply and!-->…
Business Senate Approves Tinubu’s $500m Loan Request To Finance Mass Metering May 16, 2024 0 The Senate has given its nod to President Bola Tinubu's request for a $500 million loan to fund the federal!-->…
Business Gbarain Power Plant Set to Begin Operations Soon- NDPHC May 16, 2024 0 Mr. Chiedu Ugbo, the Managing Director of Niger Delta Power Holding Company (NDPHC), announced that the 252!-->…
Currency Naira Recovers to N1,459.02/$ After Week-long Depreciation May 16, 2024 0 The naira made a remarkable recovery on Wednesday, bouncing back to N1,459.02 per dollar after experiencing!-->…
Business Tax Now Highest Revenue Source to Federation – AGF May 15, 2024 0 The Federal Government of Nigeria has asked tax collectors to work harder to get more money from taxes. The!-->…
Business SEC to Work with EFCC on Foreign Exchange Trading Manipulations May 15, 2024 0 The Securities and Exchange Commission (SEC) has pledged to collaborate with the Economic and Financial Crimes!-->…
Business Firm Unveils $40,000 Funding For Entrepreneurs In Agric Value Chain May 15, 2024 0 Heifer Nigeria has introduced a $40,000 funding initiative through the AYuTe Africa Challenge Nigeria 2024. This!-->…
Business NACCIMA hosts delegations from China, discusses Nigeria-China trade relations May 15, 2024 0 The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) hosted a 22-member!-->…
Business Nigeria’s Oil Production Rises to 1.28 Million Barrels Per Day in April 2024 May 15, 2024 0 The Organisation of Petroleum Exporting Countries (OPEC) reported that Nigeria's oil production, excluding!-->…
Business SMEs Urged to Leverage AI for Business Growth at Ecobank MySME Webinar May 15, 2024 0 Small and Medium Enterprises (SMEs) in Nigeria have been encouraged to adopt Artificial Intelligence (AI)!-->…
Business World Bank Reports Nigeria’s Growth in Private Sector Investments for 2023 May 15, 2024 0 The World Bank reported that Nigeria secured 133 private sector investment commitments in three projects during!-->…