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Ekemini Uba 4363 posts 0 comments

Business

AMCON set to sell Ibadan Disco

Aug 28, 2024 0
The Assets Management Corporation of Nigeria (AMCON) plans to sell the Ibadan Electricity Distribution Company…
Business

Recapitalisation: ASHON accuses banks of sidelining stockbrokers

Aug 28, 2024 0
The Association of Securities Dealing Houses of Nigeria (ASHON) has accused banks of bypassing licensed…
Business

Zuckerberg says Biden administration pressured Meta to censor COVID-19 content

Aug 27, 2024 0
Meta CEO Mark Zuckerberg has stated that senior officials from the Biden administration pressured his company to…
Market

Canada to impose 100% tariff on Chinese EVs, including Teslas

Aug 27, 2024 0
Canada has announced plans to impose a 100% tariff on imports of Chinese electric vehicles (EVs) and a 25% tariff…
Market

UBS Wealth Management raises odds of U.S. recession to 25% from 20%

Aug 27, 2024 0
UBS Global Wealth Management has increased the likelihood of a U.S. recession to 25% from 20%, pointing to a…
Technology

US to award HP $50 mln for semiconductor tech project

Aug 27, 2024 0
The U.S. Commerce Department announced plans to award $50 million to HP to expand and modernize its existing…
Technology

Sony to raise PlayStation 5 price by 20% in Japan

Aug 27, 2024 0
Sony announced a 20% price increase for its PlayStation 5 (PS5) console in Japan, citing global economic…
Stock

Stock deals jump 44% on banks’ recapitalisation

Aug 27, 2024 0
In the first seven months of 2024, Nigerian equities market transactions increased by 44% compared to the same…
Trade

Naira closes at 1,596.60/$ as dollar liquidity declines

Aug 27, 2024 0
The naira closed at N1,596.60 per dollar on Monday, marking a 1.66% depreciation from Friday’s rate of N1,570.14…
Investing

Divestment of NAOC to Oando in line with PIA, says NUPRC

Aug 27, 2024 0
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the recent approvals for Nigerian…
Business

Africa Prudential grows profit by 87% to N1.1b in first half

Aug 27, 2024 0
Africa Prudential Plc has reported an impressive 87% increase in profit for the first half of 2024, reaching N1.13…
Business

Richway Microfinance Bank Receives DBN’s Award for Highest Impact on…

Aug 27, 2024 0
Richway Microfinance Bank has been honored with the 2023 Award for Microfinance Bank with the Highest Impact on…
Banking

CBN lifts suspension on Standing Lending facility

Aug 27, 2024 0
The Central Bank of Nigeria (CBN) has lifted the suspension on the Standing Lending Facility (SLF), allowing banks…
Business

FG spending exceeds revenue by 225% — BudgIT

Aug 27, 2024 0
A report by BudgIT has revealed that the Nigerian government spent N19.50 trillion in 2023, three times its…
Business

198 Extractive Companies and Agencies Submit Data for NEITI’s 2022/2023…

Aug 27, 2024 0
The Nigerian Extractive Industries Transparency Initiative (NEITI) has received data submissions from 198…
Business

Oando acquisition of Agip followed due process – NUPRC

Aug 27, 2024 0
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Oando Plc's acquisition of…
Business

FG may convert Arik, Aero Contractors to national carriers

Aug 27, 2024 0
The Asset Management Corporation of Nigeria (AMCON) is considering merging Arik Air and Aero Contractors into a…
Business

Morning Bid: Rate-cut hopes meet Mid-East risks

Aug 26, 2024 0
Jerome Powell, U.S. Federal Reserve Chair, hinted at a potential interest rate cut in September during his speech…
Business

Fed’s shift to job market risks is done; now policy has to catch up

Aug 26, 2024 0
The Federal Reserve is navigating a delicate situation as today's interest rate of 5.25%-5.50% is seen as…
Business

Darkening global outlook, central bank pivots signal more turbulence

Aug 26, 2024 0
At the annual Jackson Hole conference, global policymakers highlighted the shifting focus of central banks from…
Business

Nvidia Q2 sales likely to double, even a slight miss may hurt shares

Aug 26, 2024 0
Nvidia is set to report its second-quarter earnings on Wednesday, with expectations that revenue will more than…
Business

Customs ushers in new leadership with latest appointments

Aug 26, 2024 0
As the Nigeria Customs Service (NCS) bids farewell to several key management members due to statutory retirement,…
Business

Tinubu to inaugurate N178bn Onne terminal next week

Aug 26, 2024 0
President Bola Tinubu will officially open the newly upgraded West Africa Container Terminal (WACT) in Onne,…
Business

FX turnover hit $7.4bn in July – Report

Aug 26, 2024 0
In July, Nigeria's foreign exchange turnover reached N11.48 trillion ($7.39 billion) at the official trading…
Banking

CBN, SEC okay Ecobank custody business

Aug 26, 2024 0
Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission (SEC) and the Central…
Business

Naira shows strength, dollar hits two-year low against British Pound 

Aug 26, 2024 0
The Nigerian Naira strengthened against the US dollar during Friday's trading session, appreciating to N1570.14/$…
Business

We support NDC’s fixed rate proposal on imports – Abossey Okai Spare Parts Dealers

Aug 26, 2024 0
Ireland has donated €200,000 to the World Trade Organization's (WTO) Standards and Trade Development Facility…
Business

Nigeria’s domestic dollar bond steals Eurobond shine

Aug 26, 2024 0
Jamiu Agah, a Lagos-based IT consultant, is one of many Nigerians excited about the Federal Government’s new…
Business

FG’s million-dollar oil surveillance contract duplication raises questions

Aug 26, 2024 0
The Federal Government is embroiled in controversy over allegations of awarding duplicated oil contracts worth…
Business

No Nigerian airline’ll survive current economic crisis –Fairfax Africa Fund…

Aug 26, 2024 0
Fairfax Africa Fund, backers of the failed Nigeria Air project, has forecasted the collapse of all but one…
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World

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

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