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Ekemini Uba 4404 posts 0 comments

Business

Senate probes $1.5bn spent on rehabilitation of Port Harcourt refinery in 2021

Aug 8, 2024 0
The Nigerian Senate has raised concerns about the $1.5 billion allocated in 2021 for the maintenance of the Port…
Currency

Naira strengthens to 1596 as CBN sells most dollars under Cardoso

Aug 8, 2024 0
On August 7, 2024, the naira gained slightly in official trading due to a $876.26 million sale by the Central Bank…
Local

Don’t register police insurance company — Kyari, former NAICOM CEO

Aug 8, 2024 0
Mohammed Kari, a former Commissioner for Insurance, has opposed the licensing of Nigeria Police Force (NPF)…
Banking

Why CBN Injected N700bn Bailout In Unity Bank-Providus Bank Merger

Aug 8, 2024 0
The Central Bank of Nigeria (CBN) has approved a N700 billion financial package to support the merger between…
Business

Axxela, NNPC Gas Company Commission 5km Gas Pipeline

Aug 8, 2024 0
Axxela Limited, in collaboration with NNPC Gas Marketing Limited (NGML), has commissioned a 5km natural gas…
Business

CBN eases FX pressure, sells $876.26m to end-users at N1,495/$

Aug 8, 2024 0
The Central Bank of Nigeria (CBN) has sold $876.26 million at a rate of N1,495 per dollar through a Retail Dutch…
Local

MeCure reports 38% rise in revenues as cost mute profit growth  

Aug 8, 2024 0
MeCure Industries PLC announced its financial results for the second quarter of 2024, revealing a slight increase…
Business

IHS Towers, MTN renew lease

Aug 8, 2024 0
IHS Towers and MTN Nigeria have renewed their tower lease agreements for another eight years. The new deal extends…
investment

Investors Rethink Japanese Multinationals Amid Yen Strength

Aug 7, 2024 0
The strengthening yen is prompting investors to reassess the prospects of Japanese multinational companies, which…
Stock

Futures advance as Big Tech continues to recover

Aug 7, 2024 0
U.S. stock index futures surged on Wednesday, recovering from earlier losses as investors regained risk appetite.…
Business

Lyft forecasts soft quarter after delivering net profit in Q2

Aug 7, 2024 0
Lyft's shares fell over 10% in premarket trading on Wednesday after the company issued a cautious forecast for the…
Business

Tim Walz’s Record as Minnesota Governor: An Overview

Aug 7, 2024 0
Since Tim Walz became Minnesota's governor in January 2019, the state's economic performance has generally lagged…
Business

Credit to economy falls 1.5% to N102.7trn

Aug 7, 2024 0
In June, banks’ lending to the economy fell by 1.5% from May, dropping to N101.2 trillion. This decrease was noted…
Business

CBN okays Unity, Providus Banks’ merger arrangement

Aug 7, 2024 0
The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and Providus Bank. This decision was…
Business

US, Africa Investment Summit To Hold In September

Aug 7, 2024 0
The Sub-Saharan Africa Business and Investment Summit (SSABIS) will return in September 2024, following the…
Local

TCN Blames Arcing For Loss Of Supply On National Grid

Aug 7, 2024 0
The Transmission Company of Nigeria (TCN) has refuted reports of a grid collapse on Monday. Instead, it described…
Business

Aviation Unions Seek Tinubu’s Intervention In Arik Air’s Grounding

Aug 7, 2024 0
Three major aviation unions have appealed to President Bola Tinubu for intervention in the grounding of Arik Air's…
Currency

CBN steps in to save naira with retail dollar auction

Aug 7, 2024 0
The Central Bank of Nigeria (CBN) is holding a retail dollar auction today in an effort to stabilize the naira,…
Business

Nigeria’s NLNG dividend falls 43% on gas constraints

Aug 7, 2024 0
Nigeria's revenue from Nigeria Liquefied Natural Gas (NLNG) Limited has dropped by 43% due to persistent gas…
Business

Dangote to sell 12.5% refinery stake amid liquidity concern

Aug 7, 2024 0
The Dangote Group is considering selling a 12.5% stake in its newly commissioned refinery due to liquidity…
Business

FG unveils comprehensive strategy for economic growth, citizens’ welfare

Aug 7, 2024 0
Nigeria’s Finance Minister, Wale Edun, has outlined the federal government’s strategy to revitalize the economy…
Local

Heirs Insurance Group appoints Puri, Iroche as non-executive directors

Aug 7, 2024 0
Heirs Insurance Group (HIG) has announced the appointment of Ibrahim Puri and Sonny Iroche as independent…
Business

NGX slumps as global tensions trim N371bn from investors’ wealth

Aug 7, 2024 0
The Nigerian Exchange Limited (NGX) continued its slide on Tuesday, with the All-Share Index dropping by 0.67% to…
Business

US transport safety board to hold hearings on Boeing 737 MAX 9 mid-air emergency

Aug 6, 2024 0
The U.S. National Transportation Safety Board (NTSB) is set to question witnesses from Boeing, Spirit AeroSystems,…
Technology

Google has an illegal monopoly on search, US judge finds

Aug 6, 2024 0
A U.S. judge has ruled that Google violated antitrust laws by using billions of dollars to establish an illegal…
Business

Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US…

Aug 6, 2024 0
Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory…
Business

SoftBank seen posting modest profit in Q1, buyback potential in focus

Aug 6, 2024 0
Japan's SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor…
Business

NNPC Announces Launch of New Crude Oil Grade, Targets 50,000bpd

Aug 6, 2024 0
NNPC Ltd has launched a new crude oil grade called Utapate into the international market. The oil is produced from…
Business

Overland Begins Lagos-Abuja Direct Flights

Aug 6, 2024 0
Starting August 9, 2024, Overland Airways will begin daily direct flights between Lagos and Abuja. The airline…
Business

NCC orders telcos to simplify tariff plans

Aug 6, 2024 0
The Nigerian Communications Commission (NCC) has directed telecom operators to make their tariff plans, bundles,…
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NIGERIA

Business

NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo

Mar 27, 2026
Energy

Nigeria’s Power Sector Reforms Attract $2 Billion Investment, Liabilities Slashed to N146 Billion

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Finance

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investment

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World

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

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

Oct 2, 2024

Refugees Contribute $124b To U.S. Economy

Oct 2, 2024
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