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Lyft forecasts soft quarter after delivering net profit in Q2
Lyft's shares fell over 10% in premarket trading on Wednesday after the company issued a cautious forecast for the!-->…
Tim Walz’s Record as Minnesota Governor: An Overview
Since Tim Walz became Minnesota's governor in January 2019, the state's economic performance has generally lagged!-->…
Credit to economy falls 1.5% to N102.7trn
In June, banks’ lending to the economy fell by 1.5% from May, dropping to N101.2 trillion. This decrease was noted!-->…
CBN okays Unity, Providus Banks’ merger arrangement
The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and Providus Bank. This decision was!-->…
US, Africa Investment Summit To Hold In September
The Sub-Saharan Africa Business and Investment Summit (SSABIS) will return in September 2024, following the!-->…
Aviation Unions Seek Tinubu’s Intervention In Arik Air’s Grounding
Three major aviation unions have appealed to President Bola Tinubu for intervention in the grounding of Arik Air's!-->…
CBN steps in to save naira with retail dollar auction
The Central Bank of Nigeria (CBN) is holding a retail dollar auction today in an effort to stabilize the naira,!-->…
Nigeria’s NLNG dividend falls 43% on gas constraints
Nigeria's revenue from Nigeria Liquefied Natural Gas (NLNG) Limited has dropped by 43% due to persistent gas!-->…
Dangote to sell 12.5% refinery stake amid liquidity concern
The Dangote Group is considering selling a 12.5% stake in its newly commissioned refinery due to liquidity!-->…
FG unveils comprehensive strategy for economic growth, citizens’ welfare
Nigeria’s Finance Minister, Wale Edun, has outlined the federal government’s strategy to revitalize the economy!-->…
NGX slumps as global tensions trim N371bn from investors’ wealth
The Nigerian Exchange Limited (NGX) continued its slide on Tuesday, with the All-Share Index dropping by 0.67% to!-->…
US transport safety board to hold hearings on Boeing 737 MAX 9 mid-air emergency
The U.S. National Transportation Safety Board (NTSB) is set to question witnesses from Boeing, Spirit AeroSystems,!-->…
Google has an illegal monopoly on search, US judge finds
A U.S. judge has ruled that Google violated antitrust laws by using billions of dollars to establish an illegal!-->…
Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US…
Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory!-->…
SoftBank seen posting modest profit in Q1, buyback potential in focus
Japan's SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor!-->…
NNPC Announces Launch of New Crude Oil Grade, Targets 50,000bpd
NNPC Ltd has launched a new crude oil grade called Utapate into the international market. The oil is produced from!-->…
Overland Begins Lagos-Abuja Direct Flights
Starting August 9, 2024, Overland Airways will begin daily direct flights between Lagos and Abuja.
The airline!-->!-->!-->…
NCC orders telcos to simplify tariff plans
The Nigerian Communications Commission (NCC) has directed telecom operators to make their tariff plans, bundles,!-->…
Oil/gas communities send memo to FG, IOCs, NDDC
Oil and gas communities in the Niger-Delta have presented a comprehensive agenda to the Federal Government,!-->…
BUA Cement’s pre-tax profit drops by 54% in Q1
BUA Cement’s second-quarter results for 2024 show a significant decline in pre-tax profit, falling by 54%!-->…
MTN, Airtel Cut Foreign Debt as Naira Falls
Telecommunication giants MTN Nigeria and Airtel Africa have significantly reduced their foreign exchange (FX)!-->…
Nigerians experience blackout as national grid collapses again
Nigeria's electricity grid collapsed once more on Monday, causing a nationwide blackout. The system failure, which!-->…
Businesses reopen as states contain simmering protests
On Monday, many businesses in Lagos, including popular markets like Mile 2 and government offices in Alausa and!-->…
Cryptocurrency Market Faces $900M Loss as Bitcoin Prices Drop
In the past 24 hours, the cryptocurrency market experienced $900 million loss, primarily due to the liquidation of!-->…
African caucus calls for investments, energy access, to boost AfCFTA
The African Caucus, which includes over 50 African Ministers of Finance and Central Bank governors, has urged for!-->…
NCC Extends NIN-SIM Verification Deadline Beyond July 31, 2024
The Nigerian Communications Commission (NCC) has instructed telecom operators to extend the NIN-SIM verification!-->…
BUA Foods Reports N672.39 Billion Revenue in First Half of 2024
BUA Foods Plc reported N672.39 billion in revenue for the first half of the financial year ending June 30, 2024,!-->…
Civil servants will receive first batch sale of 50kg rice for N40,000, says FG
The Federal Government announced that the initial sale of 50 kg bags of rice at N40,000 will first be directed to!-->…
Dangote Refinery: Civil Societies to Monitor Crude Sales Compliance by NNPCL
A coalition of 28 Civil Society Organizations (CSOs) announced plans to set up a situation room to monitor the!-->…
Dangote diesel sulphur triggers concern, marketers fault rejection report
Reports allege that diesel produced by the $20bn Dangote Petroleum Refinery contains high levels of sulphur.
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