Local Nigeria Records N335m Loss Due to Oil Spills in 2023 Sep 8, 2023 0 Between January and August 2023, Nigeria suffered an estimated loss of N335 million due to oil spills, according!-->…
Local Nigeria Records a Foreign Trade Surplus of N2.22tn in H1 2023 Sep 8, 2023 0 In the first half of 2023, Nigeria's foreign exchange earnings experienced growth, resulting in a foreign trade!-->…
Local NCC Urges Banks to Settle N120bn USSD Debt to Boost Financial Inclusion Sep 8, 2023 0 The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has emphasized that!-->…
Local Nigerian Stock Market Records N112 Billion Loss as Bearish Trend Continues Sep 8, 2023 0 The Nigerian stock market experienced another downturn on Thursday, resulting in a loss of N112 billion in market!-->…
Business Airbus Enhances Production Capabilities for A321XLR in Hamburg Sep 8, 2023 0 Airbus has inaugurated a new automated A321XLR aircraft equipment installation hangar in Hamburg, a move aimed at!-->…
Business Shell Opted for Shorter Prelude LNG Maintenance Over Year-Long Fix – Sources Sep 7, 2023 0 Shell considered shutting down its Prelude liquefied natural gas (LNG) facility in Australia for a year to address!-->…
Business China’s Economic Woes Pose Risk to Japan’s Fragile Recovery Sep 7, 2023 0 Policymakers in Tokyo are concerned that China's ongoing economic challenges could negatively impact Japan's!-->…
Business U.N. Chief Warns of “Great Fracture” in Global Economic Systems Sep 7, 2023 0 U.N. Secretary-General António Guterres has cautioned about the risk of a "great fracture" in the world's economic!-->…
Africa Bank-Owned Brokers Outperform Standalone Counterparts in Profits Sep 7, 2023 0 Bank-owned stockbrokers and investment banks, supported by alternative revenue streams, have outperformed!-->…
Africa KCB Group to Infuse $100 Million into KCB Bank Kenya for Recapitalization Sep 7, 2023 0 KCB Group, a major financial institution, is planning to inject $100 million (approximately Sh14.5 billion) into!-->…
Crypto MetaMask Adds Cash-Out Feature, Allowing Users to Convert Crypto to Fiat Sep 7, 2023 0 MetaMask, the largest self-custodial internet-connected wallet with over 22 million users, has introduced a!-->…
Business 500 Global Closes $143M for Largest Southeast Asia Early-Stage Fund Sep 7, 2023 0 500 Global, a venture firm and seed accelerator, has successfully closed a $143 million financing round for its!-->…
Energy Shell Executive Notes Significant, Though High, Reduction in Global LNG Prices Sep 7, 2023 0 Steve Hill, the Executive Vice President at Shell, acknowledged a significant but still historically high!-->…
Local Nigeria Secures $14 Billion Pledges from Indian Investors, Eyes Economic… Sep 7, 2023 0 Nigerian President Bola Tinubu has garnered pledges of nearly $14 billion from Indian investors, signaling a!-->…
Local Nigerian Minister Pledges to Review Land Use Act in Collaboration with World Bank Sep 7, 2023 0 The Nigerian Minister of Housing and Urban Development, Mr. Ahmed Musa Dangiwa, has affirmed his commitment to!-->…
Local Nigerian Postal Service Unveils Commemorative Stamp for Pan African Postal Union… Sep 7, 2023 0 The Nigerian Postal Service (NIPOST) has introduced a commemorative stamp valued at N255 to mark the launch of the!-->…
Local Nigerian Government Increases Pre-paid Electricity Meter Prices Amid Public… Sep 7, 2023 0 The Federal Government of Nigeria has announced a rise in the prices of single-phase and three-phase pre-paid!-->…
Local Tribunal Upholds Bola Tinubu’s Presidential Victory; Dismisses Petitions Sep 7, 2023 0 The Presidential Election Petition Tribunal has validated Bola Tinubu's victory in Nigeria's February election,!-->…
Local President Tinubu Advocates $10 Billion Annual Investment for Nigeria’s… Sep 7, 2023 0 During the Africa Climate Summit held in Kenya, President Bola Tinubu emphasized the need for an annual investment!-->…
Local Fire Outbreak Causes Chaos at Murtala Muhammed Airport’s International Wing Sep 6, 2023 0 Confusion and panic gripped the international wing of Murtala Muhammed Airport following a fire outbreak in one of!-->…
Local PZ Cussons Offers to Buy Out Minority Shareholders of PZ Cussons Nigeria, Aims to… Sep 6, 2023 0 PZ Cussons, the soap maker, has announced its intention to acquire the remaining 26.73% stake held by minority!-->…
Business IT Software Management Startup Josys Raises $93 Million in Series B Round Sep 6, 2023 0 1. Funding for IT Software Automation: Josys, a startup specializing in software-as-a-service (SaaS) solutions for!-->…
Business Wayflyer Secures $1 Billion Capital Injection from Neuberger Berman Sep 6, 2023 0 E-commerce financing provider Wayflyer has successfully secured $1 billion in capital from investment management!-->…
Business IMF Recommends South Korea Maintain Restrictive Policies to Tackle Inflation and… Sep 6, 2023 0 The International Monetary Fund (IMF) has advised South Korea to retain its current restrictive monetary and!-->…
Market G7 and Allies Pause Reviews of Russian Oil Price Cap Scheme Sep 6, 2023 0 The G7 and its allies have halted their regular reviews of the Russian oil price cap scheme, despite Russian crude!-->…
Local Nigerian Presidential Election Tribunal to Rule on Tinubu’s Victory Sep 6, 2023 0 Nigeria's presidential election tribunal is set to announce its decision on Wednesday regarding Bola Tinubu's!-->…
Africa African Development Bank Commits $25 Billion to Climate Finance by 2050 Sep 6, 2023 0 The President of the African Development Bank, Akinwunmi Adesina, has announced that the institution is committing!-->…
Africa UAE Announces $4.5 Billion Initiative to Boost Africa’s Clean Energy… Sep 6, 2023 0 The COP28 President-Designate, Dr. Sultan Al Jaber, has unveiled a new initiative from the United Arab Emirates!-->…
Local Nigeria Holds $8.25 Billion Undisbursed World Bank Loan as of July 2023 Sep 6, 2023 0 Nigeria currently holds approximately $8.25 billion in undisbursed loans from the World Bank as of July 2023,!-->…
Local FMDQ Records Impressive Forex Turnover of $44 Billion in First Seven Months of… Sep 6, 2023 0 According to the August edition of FMDQ Spotlight, the FMDQ (FMDQ Securities Exchange) reported an outstanding!-->…