US Investors Reduce Expectations Over Fed Rate Cut in 2024
A sell-off in the U.S. government bond market is gaining momentum, fueled by a robust economy that diminishes expectations for…
Category: Business
Downturn in US Refining Activity Tightens Diesel Supply
In recent weeks, a downturn in U.S. refining activity and disruptions to global trade have led to a tightening of…
CBN Pegs Payment of Cash Dollar at $500
The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying…
Tinubu Holds Emergency Meeting with Dangote, Elemelu and Others Over Econom
Nigerian President Bola Ahmed Tinubu took proactive steps to address the escalating economic challenges facing the nation by convening a…
Geometric Power Plant in Aba Gets Commissioned by Pres. Tinubu Today
Today, February 26, 2024, marks a historic moment for Aba as President Bola Tinubu commissions the Geometric power plant, the…
European Union Commences 4-Day Working Visit to Nigeria
The Council of European Union’s Africa Working Party (COAFR) has commenced its first-ever four-day working visit to Nigeria, arriving in…
AVA Global Asset Launches 20bn Fund for Infrastructure Development
Ava Global Asset Managers Limited, a member of the AVA Capital Group, is launching a N20 billion fund as part…
Poverty Level Increases in Nigeria Despite High GDP Rate- Experts
The rise in the price of goods and commodities in Nigeria, despite the Gross Domestic Product (GDP) rising above 3…
Ava Global Asset Reveals 20bn Insurance, Enhances Infrastructure
Ava Global Asset Managers Limited has disclosed the issuance of N20 billion under its N200 billion Infrastructure Fund (IF) program,…
Uphold Regulations, EFCC Chairman Urges Bank CEOs
Mr. Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has emphasized the importance of adherence to…
Exchange Rate Fluctuates, Naira hits N1,900 and Rebounds to N1,354 Against USDT
In the past twenty-four hours, the Binance cryptocurrency platform encountered significant turbulence as the exchange rate between the naira and…
Ghana Cocoa Board CEO Advocates Higher Prices to Combat Cocoa Smuggling
Joseph Boahen Aidoo, CEO of the Ghana Cocoa Board (COCOBOD), affirmed the organization’s dedication to offering cocoa farmers competitive prices…
Foxconn Founder Terry Gou Resurfaces at Company’s Event
Terry Gou, the billionaire founder of Foxconn, made a high-profile appearance at the company’s 50th anniversary celebration, marking his first…
London’s BT Tower Sold for $347 Million, Set to Transform into Hotel
BT Group has agreed to sell London’s iconic BT Tower to MCR Hotels for £275 million ($347 million), paving the…
John Mahama Proposes 24-Hour Economy in Ghana
John Dramani Mahama, the flag bearer of the National Democratic Congress (NDC), unveiled his plan for a 24-hour economy initiative…
Rio Tinto Reports 12% Decline in Annual Earnings
Rio Tinto disclosed a 12% decrease in annual earnings on Wednesday, amounting to $11.8 billion for 2023, down from $13.4…
Tinubu Aims to Boost Economy with $10 Billion Injection
President Bola Tinubu announced plans to secure $10 billion to bolster foreign exchange liquidity, stabilize the naira, and foster economic…
Nigeria Customs Service to Distribute Seized Food Items
The Nigeria Customs Service announced plans to directly distribute seized food items to Nigerians as a response to the country’s…
Hafsat Bakari Appointed CEO of Nigerian Financial Intelligence Unit
President Bola Tinubu has appointed Hafsat Bakari as the Chief Executive Officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU).…
Cement Manufacturers Exploit Nigerians Amidst Exchange Rate- Minister
Arc. Musa Dangiwa, the Minister of Housing and Urban Development, voiced concerns over cement manufacturers exploiting fluctuating foreign exchange rates…
NARTO Suspends Nationwide Strike
The Nigerian Association of Road Transport Owners (NARTO) has decided to halt its plans for a nationwide strike and instructed…
Red Cross Supports 5000 Households with Cash, Food, Others
In response to the escalating hunger crisis in Nigeria, the Nigerian Red Cross Society (NRCS) has escalated its efforts to…
Geometric Power Plant in Aba to be Commissioned Feb 26
The commissioning of the 181-megawatt Geometric Power plant in Aba, Abia State, originally slated for February 24, has been rescheduled…
People Can No Longer Afford Beer- CEO
Hans Essaadi, the Chief Executive Officer of Nigerian Breweries Plc, voiced concerns about the deteriorating economic conditions in Nigeria, stating…
Ministry of Power, Aso Villa, Others Faces Power Outage Over Debt
The Abuja Electricity Distribution Company (AEDC) has revealed that a total of 86 ministries, agencies, and departments of the government…
Naira Devaluation Triggers EFCC’s Raid on BDC Operators
The Nigerian naira continued its downward trajectory against the United States dollar on Monday, causing distress among citizens as both…
Pension Fund Administrators Report Positive Returns
Seventeen Pension Fund Administrators (PFAs) in Nigeria achieved an average return of 2.81% in January 2024, marking positive returns across…
Protests Emerge in Ibadan Over Economic Hardships
Residents of Ibadan, Oyo State, took to the streets on Monday to express their grievances regarding the economic challenges prevailing…
Super Micro Computer Inc Faces Varied Analyst Sentiment
Despite recent fluctuations, Super Micro Computer Inc (SMCI.O) confronts diverse analyst sentiments as reflected in the latest data from LSEG.…
Japan Pledges Bilateral Treaties with Ukrainian Prime Minister
In a diplomatic move, Japan welcomed Ukrainian Prime Minister Denys Shmyhal in Tokyo on Monday to discuss Ukraine’s reconstruction efforts…