Energy Oil production rose to 1.35mbpd in August – OPEC Sep 11, 2024 0 Nigeria’s crude oil production increased from 1.307 million barrels per day (mbpd) in July to 1.352 mbpd in!-->…
Business Kuda launches virtual PoS for SMEs Sep 11, 2024 0 Kuda, through its Kuda Business platform, has launched virtual and physical point-of-sale (PoS) products aimed at!-->…
Banking FG eyes slice of OPay, Palmpay N46tn transactions Sep 11, 2024 0 The Nigerian government is set to implement a new Electronic Money Transfer Levy (EMTL) from September 9, 2024. !-->!-->…
Local Boon for Nigeria as Shell’s $1.3bn assets sale gets regulatory nod Sep 11, 2024 0 Shell International Plc has secured approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to!-->…
World BMW trims 2024 profit margin on technical issues, weak China demand Sep 10, 2024 0 BMW has revised its profitability forecast for 2024, now expecting an EBIT margin of 6% to 7% instead of the!-->…
Business Google loses fight against $2.7 billion EU antitrust fine Sep 10, 2024 0 Google has lost its appeal against a €2.42 billion fine from the European Commission for unfairly promoting its!-->…
Business EU’s Vestager triumphs in crackdown on Apple’s tax deal,… Sep 10, 2024 0 EU antitrust chief Margrethe Vestager celebrated two major victories as the European Court of Justice upheld fines!-->…
Business US small business sentiment ebbs in August amid rising uncertainty Sep 10, 2024 0 Small-business confidence in the U.S. fell in August, reversing July’s gains due to growing uncertainty ahead of!-->…
Business Huawei seeks to steal spotlight from Apple with launch of $2,800 tri-fold… Sep 10, 2024 0 Huawei launched its $2,800 tri-foldable Mate XT smartphone just hours after Apple's iPhone 16 debut, positioning!-->…
Trade Nigeria, China sign $3.3 billion deal for brass industrial park Sep 10, 2024 0 Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex!-->…
Business Forex crisis crashes border trade by 80% – Operators Sep 10, 2024 0 Licensed customs agents operating at Nigeria’s land borders have reported a significant 80% decline in trade!-->…
Agriculture Agriculture led company income tax with 474.50% in Q2 2024 – NBS report Sep 10, 2024 0 Nigeria's agricultural sector led the growth in Company Income Tax (CIT) during the second quarter of 2024,!-->…
Business Electricity DisCos collects N150 billion as revenue in June- NERC Sep 10, 2024 0 In June 2024, electricity distribution companies (DisCos) across Nigeria collected N150.86 billion, achieving an!-->…
Business Wike signs MoU with Chinese engineering firms for electricity and water projects… Sep 10, 2024 0 The Federal Capital Territory (FCT) Minister, Nyesom Wike, has formalized a Memorandum of Understanding (MoU) with!-->…
Business Japaul Gold & VenturesLists N20bn Worth of Shares on NGX Sep 10, 2024 0 Japaul Gold & Ventures Plc has received approval from the Securities & Exchange Commission (SEC) for a!-->…
Africa Banks begin charging up $20 as fees on foreign currency accounts Sep 10, 2024 0 Several commercial banks in Ghana have reintroduced charges on foreign exchange accounts, with fees reaching up to!-->…
Business T-bills target missed for 9th consecutive time; auction falls by GH₵755m Sep 10, 2024 0 This week, the Ghanaian government fell short of its money market auction target by GH₵755 million, securing!-->…
Business Secured Loans surge to Gh¢10.8bn in Q2 2024 Sep 10, 2024 0 In the second quarter of 2024, the total value of secured loans granted by banks and Specialized Deposit-Taking!-->…
Business CBN Boosts Forex Liquidity, Sells Dollars To BDCs At N1,580 Sep 9, 2024 0 The Central Bank of Nigeria (CBN) has injected liquidity into the foreign exchange market by selling US dollars to!-->…
Business Company Income Tax revenue rises 151% in Q2 2024 to N2.47 trillion Sep 9, 2024 0 Nigeria's Company Income Tax (CIT) skyrocketed by 150.83% in Q2 2024, reaching N2.47 trillion compared to N984.61!-->…
Business Transcorp Hotels Named Best Hospitality Service Provider Sep 9, 2024 0 Transcorp Hotels Plc, listed on the Nigerian Exchange (NGX), has been honoured as the Best Hospitality Service!-->…
Business Atiku slams Tinubu admin on VAT raise, warns of worsening economic crisis Sep 9, 2024 0 Former Vice President Atiku Abubakar has condemned the recent Value Added Tax (VAT) increase from 7.5% to 10%,!-->…
Banking CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns Sep 9, 2024 0 The Central Bank of Nigeria (CBN) successfully raised N9.27 trillion from Nigerian Treasury Bills (NTBs) across!-->…
Business Economic Insight: 50% electricity subsidy for public hospitals and educational… Sep 9, 2024 0 In the 21st century, a nation's wealth is measured by its human capital—its people's education, healthcare, and!-->…
Market European markets start the week on a positive note Sep 9, 2024 0 On August 28, 2024, European markets opened higher, with the pan-European Stoxx 600 index gaining 0.67% in early!-->…
Business Stock market returns bearish amid increase in price of petrol Sep 9, 2024 0 The Nigerian stock market closed bearish last week, impacted by a sharp rise in petrol prices, which surged from!-->…
Business Nigeria’s SEC to begin crackdown on unregulated crypto exchanges, others Sep 9, 2024 0 The Securities and Exchange Commission (SEC) of Nigeria has announced that it will soon begin enforcement actions!-->…
Breaking Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97% Sep 9, 2024 0 The Nigerian stock market has experienced a decline, with the Year-to-Date (YtD) performance dropping to 28.97%!-->…
Business As multinationals exit, these Nigerian companies are spending billions on… Sep 9, 2024 0 Nigeria is experiencing a notable exit of companies due to economic challenges and reforms in energy and forex!-->…
Local Only Nigerians with NIN can buy ₦40,000 rice – FG Sep 6, 2024 0 The Federal Government has launched the sale of 30,000 metric tonnes of subsidised milled rice, requiring buyers!-->…