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FG’s revenue surpassed budgetary target, says minister
Nigeria’s Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Federal Government's!-->…
Nigeria imported $2.25bn fuel from Malta — Report
Nigeria has imported $2.25 billion worth of fuel from Malta over the past nine years, with a dramatic spike in!-->…
ICYMI: Construction begins at Midoil refinery
Midoil Refining and Petrochemicals Company Limited has officially started construction activities in Lagos, with a!-->…
FG has exited Way & Means – Edun
In a press conference in Abuja, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale!-->…
Dangote Cement Reports Pre-Tax Profit Of N292.9 Billion, To Pay Tax Of N103…
Dangote Cement Plc reported a pre-tax profit of N293 billion for the first half of 2024, marking a 22% increase!-->…
Hardship: Stranded foreign scholars groan as FG slashes allowances
The Federal Government of Nigeria has announced a 12.7% cut in allowances for students studying abroad in!-->…
Certain Workers Excluded from Nigeria’s New N70,000 Minimum Wage
As workers anticipate the implementation of Nigeria's new N70,000 minimum wage, not all will benefit from this!-->…
Nissan shares plunge after profit warning
Nissan shares tumbled over 10% after issuing a profit warning due to fierce sales competition, particularly in the!-->…
Unilever Sees 4% Profit Rise in H1 2024
Unilever reported a 4% increase in net profit for the first six months of 2024, reaching 3.7 billion euros ($4.0!-->…
CBN sells one-year Treasury Bills at 22.1% in July auction
The Central Bank of Nigeria (CBN) sold one-year Treasury Bills at a 22.1% stop rate during its July 24 auction to!-->…
ETH Spot ETFs Underperform, Triggering Crypto Sell-off
The recent poor performance of newly launched ETH spot ETFs caused a significant decline in the crypto market!-->…
US refiners’ Q2 profits fall on low margins, soft fuel demand
U.S. oil refiners are set to report significantly lower earnings for the second quarter compared to last year,!-->…
Hotel workers in four US cities to hold strike authorization votes
Approximately 13,500 unionized hotel workers across Boston, San Francisco, Honolulu, and Providence, Rhode Island,!-->…
Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix
Fortune 500 companies, excluding Microsoft, are projected to incur financial losses totaling $5.4 billion due to a!-->…
UK business activity picks up after pre-election lull, PMI data shows
British business activity experienced a notable uptick in July, following a lull before the July 4 election,!-->…
Forex: Reps Pass Bill To Impose ‘Windfall Tax’ On Banks
The House of Representatives has approved a bill to impose a 'Windfall Tax' on commercial banks that benefited!-->…
FG’s deficit spending falls 29% to N2.83trn in Q1’24
The Federal Government of Nigeria reduced its deficit spending by 29% in the first quarter of 2024, bringing the!-->…
NACCIMA, others kick as CBN hikes interest rate to 26.75%
The Central Bank of Nigeria (CBN) has raised its benchmark Monetary Policy Rate (MPR) to 26.75% from 26.25% in an!-->…
Transcorp Hotels posts 188% profit growth in 2024 half year
Transcorp Hotels posted a profit before tax of N10.5 billion in the first half of 2024, a remarkable 188% increase!-->…
FG allocates over N438 billion to 34 States, FCT under economic stimulus programme…
The Federal Government has distributed more than N438 billion to 34 states and the Federal Capital Territory (FCT)!-->…
Support for Dangote Refinery Swells, Kyari Denies Owning Blending Plant in Malta
Amid ongoing disagreements between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory!-->…
Gabon President Invites Aliko Dangote to Invest in Cement and Fertilizer
President Brice Oligui Nguema of Gabon has extended an invitation to Aliko Dangote, Africa’s wealthiest!-->…
Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall!-->…
Italy seizes 121 mln euros from Amazon unit over alleged tax, labour offences
Italian tax police have seized €121 million from Amazon Italia Transport, a logistics unit of e-commerce giant!-->…
Samsung Elec talks with union end without result, union says
Samsung Electronics and representatives of its largest workers' union in South Korea, currently on strike over pay!-->…
South African rand weakens, eyes on inflation data
The South African rand weakened by about 0.75% in early trading on Tuesday, trading at 18.38 against the dollar as!-->…
Spotify reports record quarterly earnings, shares jump 14% in premarket trade
Spotify reported a record quarterly profit of 1.11 billion euros, slightly surpassing analyst expectations of 1.07!-->…
ATM transactions decline 13% to N28.2 trn
In 2023, the value of Automated Teller Machine (ATM) transactions in Nigeria decreased by 13.6 percent to N28.2!-->…
We are working on postal reform bill — Postmaster General
The Postmaster General of Nigeria, Ms. Tola Odeyemi, emphasized the importance of passing the long-pending postal!-->…
Electricity: FG targets 9,000MW from renewable energy
The Nigerian government plans for the renewable energy sector to contribute 9,000 megawatts of power by 2030 as!-->…