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Ekemini Uba 4404 posts 0 comments

Business

Currency devaluation threatens NGX’s leadership as Africa’s top stock market

Aug 12, 2024 0
The Nigerian Exchange Limited (NGX) started 2024 with strong performance, recording a 26.43% year-to-date return…
Business

Arthur Eze’s Oranto Petroleum signs oil deal in Venezuela

Aug 12, 2024 0
Atlas Oranto Petroleum International Limited (AOPI) has expanded its global footprint by signing an oil…
Energy

Nigeria’s financial struggle persists as Niger, Togo, others fail to defray…

Aug 12, 2024 0
Nigeria is facing increasing financial strain as international customers failed to pay $14.19 million for…
Banking

Lack of BVN stalls 18% Heritage Bank’s depositors from reimbursement – NDIC

Aug 12, 2024 0
The Nigeria Deposit Insurance Corporation (NDIC) has announced that 82.36% of insured deposits belonging to…
Business

Minister writes UK over Heathrow slot for Air Peace to avoid diplomatic row

Aug 12, 2024 0
Festus Keyamo, Nigeria's Minister of Aviation and Aerospace Development, has lodged a formal complaint with his…
Business

Barbican Capital sues First Bank for wrongly stating shareholding

Aug 12, 2024 0
Barbican Capital Limited, the largest shareholder of FBN Holdings, has filed a lawsuit against the bank to address…
Finance

Nigeria’s debt service-to-revenue may return to 98% in 2 years, economist warns

Aug 12, 2024 0
Economist Paul Alaje criticized the Nigerian government’s simultaneous removal of petroleum subsidies and…
Banking

NDIC pays N5m to Heritage Bank’s depositors

Aug 12, 2024 0
The Nigeria Deposit Insurance Corporation (NDIC) has successfully disbursed N5 million each to 82.36% of Heritage…
Technology

NASENI launches app for CNG conversion

Aug 12, 2024 0
The National Agency for Science and Engineering Infrastructure (NASENI) has introduced the MY-CNG App to…
Business

NiMet’s air quality monitoring network in deplorable state

Aug 12, 2024 0
A recent audit conducted by the Nigerian Meteorological Agency (NiMet) has found its air quality monitoring…
Market

Retail investors still buyers of US equities through rollercoaster markets –…

Aug 9, 2024 0
Despite a recent sharp drop in U.S. stock markets, retail investors continued buying shares, particularly in tech…
Market

Wall St Week Ahead Rollercoaster week in US stocks leaves investors braced for…

Aug 9, 2024 0
U.S. stock markets have experienced significant volatility recently, spurred by alarming economic data and the…
Business

Futures rise on dovish Fed comments after jobs data

Aug 9, 2024 0
U.S. stock futures advanced on Friday, buoyed by dovish comments from Federal Reserve officials and robust labor…
Business

Global oil demand needs to rise faster to absorb OPEC+ hike

Aug 9, 2024 0
Global oil demand growth needs to accelerate in the coming months to absorb the increased supply that OPEC+ plans…
Business

New CBN circular clarifies existing rule on certificate of capital importation for…

Aug 9, 2024 0
The Central Bank of Nigeria (CBN) has issued a new circular detailing the documentation required for foreign…
Business

FG To Pay Julius Berger N280bn To Complete Abuja- Kano Highway

Aug 9, 2024 0
The Federal Government has allocated N20 billion each month to Julius Berger Plc for the dualization of an…
Business

Egbin Power Gets 3 ISO Certifications

Aug 9, 2024 0
Egbin Power Plc, Nigeria's largest power generation company, has been awarded three ISO certifications: ISO…
Trade

NGX’s Boss Backs FCMB’s N110.9bn Capital Raise

Aug 9, 2024 0
Temi Popoola, Group CEO of the Nigerian Exchange Group (NGX), has commended FCMB Group for its successful capital…
Banking

Union Bank Graduates Management Trainees

Aug 9, 2024 0
Union Bank of Nigeria has celebrated the graduation of its 2024 management trainees at a ceremony held at The…
Business

Dangote refinery insists crude supply woes persist, blames NUPRC

Aug 9, 2024 0
Dangote Refinery, Africa’s largest oil refinery, has reiterated its struggle to secure sufficient crude oil…
Currency

Naira gains further at official market 

Aug 9, 2024 0
The naira strengthened against the dollar at both official and foreign exchange markets following the Central Bank…
Energy

Cooking gas at N1,250/kg stokes hunger in Nigerian homes

Aug 9, 2024 0
Nigerians are grappling with a severe economic strain as the price of Liquefied Petroleum Gas (LPG), commonly…
Business

Top mineral resources by African country – EIU

Aug 9, 2024 0
In recent years, the Gulf Cooperation Council (GCC) has increasingly turned its attention to Africa, recognizing…
Banking

New CBN circular clarifies existing rule on certificate of capital importation for…

Aug 9, 2024 0
The Central Bank of Nigeria (CBN) has issued a new circular detailing the documentation required for foreign…
Market

Futures waver on anxiety ahead of jobs data

Aug 8, 2024 0
U.S. stock index futures showed mixed results on Thursday as investors awaited a key jobs report that could offer…
Business

Siemens profit beats market view on software but outlook remains guarded

Aug 8, 2024 0
Siemens reported better-than-expected quarterly earnings on Thursday, driven by strong demand for electricity…
Business

Who is Tan Su Shan, Singapore bank DBS’s incoming CEO?

Aug 8, 2024 0
Tan Su Shan will take over as CEO of DBS Group from March, succeeding Piyush Gupta, who has led the bank for 14…
Trade

US tops China as Germany’s biggest trading partner

Aug 8, 2024 0
In the first half of 2024, the United States became Germany's largest trading partner, surpassing China. Trade…
Business

Net FX flows increase by 55% to $25.4 billion in six months – CBN

Aug 8, 2024 0
Net foreign exchange inflows in Nigeria rose to $25.4 billion from January to June 2024, a 55 percent increase…
Business

Five-day internet disruption frustrates work from home

Aug 8, 2024 0
On August 1, 2024, Nigerians faced significant network downtime, which impacted internet speed and accessibility.…
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NIGERIA

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World

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

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Walz, Vance clash at policy-heavy vice presidential debate

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