Browsing Category
Business
Investors eye US stock market after Trump’s inauguration
Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential…
Trump withdraws US from World Health Organization, halts foreign development aid
President Donald Trump has announced that the United States will withdraw from the World Health Organization…
Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper…
According to a South Korean newspaper, Samsung Electronics and LG Electronics are reportedly evaluating a shift in…
HP Introduces World’s First AI-driven Gaming Laptop
HP Inc. has introduced the OMEN Max 16, the world’s first AI-driven gaming laptop, promising unmatched power and…
Trump’s new cryptocurrency surges to $10bn market value
The digital token $TRUMP, launched on Friday, saw its price skyrocket from less than $10 on Saturday to a peak of…
Markets Rally as Trump Returns to White House
As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic about his…
Taiwanese Tech Firms Consider US Expansion to Counter Trump Tariffs
Taiwanese laptop manufacturers Compal and Inventec are exploring expansion into the United States, with Texas…
Paytm Loss Narrows as Digital Payments Business Recovers
Indian fintech company Paytm reported a significant reduction in its third-quarter adjusted loss as its digital…
Wipro Stock Surges Amid Hopes of IT Sector Revival
Wipro's shares soared by about 8% on Monday, marking their best day in nearly four years, after the Indian IT…
TikTok Restored in the US as Trump Reverses Ban Decision
In a dramatic turn of events, millions of American TikTok users were met with an unexpected shutdown of the app on…
Nigeria Seeks Global Mining Partnerships to Boost Economy
Nigeria has reaffirmed its commitment to attracting global investment in its mining sector as part of broader…
Poor Network Services Frustrate Maiduguri Residents
Residents of Maiduguri, Borno State, are facing persistent challenges with mobile network services, particularly…
Sokoto Strengthens Investment Drive with New Board Inauguration
Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming…
Weak Naira Attracted Tourists and Boosted Economy in December
The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and…
NASD OTC Exchange Sees Record Growth with 224% Return
In 2024, Nigeria's NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the…
High Interest Rate: Manufacturers cut back on bank loans
The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back on bank…
Trump Promises Swift Action on US Crises at Pre-Inauguration Rally
At a massive pre-inauguration rally in Washington, President-elect Donald Trump vowed to take immediate action on…
Government Targets Passage Of Digital Economy Bill By Q2
The Federal Government of Nigeria aims to pass the Digital Economy Bill by the second quarter of 2025 as part of…
Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined…
Government Ensures Quality Service as Telecom Tariff Hike Looms
The Nigerian government has pledged to improve telecom service quality as it prepares for an upcoming tariff…
Crypto Scams and AI Cyberattacks Threaten Nigeria’s Digital Security
Nigeria’s cybersecurity landscape in 2025 is expected to be dominated by cryptocurrency scams and AI-driven…
Equity market loses N1.45tn in one week
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68…
Nigeria’s Current Account Surplus Strengthens Forex Stability
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking…
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the…
Foreign Firms Rethink Investments Amid Capital Decline
Foreign-owned companies in Nigeria are scaling back their capital investments as returns on capital employed…
FG to Establish Farmers Database for Targeted Support
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement…
NCC Orders Disconnection of Nine Banks’ USSD Services Over Unpaid Debts
The Nigerian Communications Commission (NCC) has directed telecommunications companies to disconnect the…
Tinubu and UAE Leader Discuss Trade Investment and Regional Stability
President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE)…
Scott Bessent Faces Senate Scrutiny Over Taxes Trade and Deficits
Scott Bessent, President-elect Donald Trump's nominee for Treasury Secretary, is set to face tough questions from…