Category: Business
Port Harcourt Refinery Undergoes Test-run
The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test runs, with refined petroleum…
EFCC Investigates Controversial Nigeria Air Deal-Festus Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo, revealed on Wednesday that the Economic and Financial Crimes Commission (EFCC) is…
CBN Clears Foreign Airlines’ Unpaid Claims
The Central Bank of Nigeria (CBN) announced that it has settled outstanding payments owed to foreign airlines operating in the…
Jetour Introduces X90 Plus ‘Cruise’ SUV to Nigerian Market
Jetour Mobility Service has unveiled the X90 Plus, also known as ‘Cruise’, in the Nigerian market, offering enhanced features and…
Runway Incursions as Threat to Nigeria’s Aviation Industry
The aviation sector in Nigeria faces a significant challenge with the increasing occurrence of runway incursions, raising concerns among stakeholders…
GlaxoSmithKline Reports 33.76% Profit Decline
GlaxoSmithKline Consumer Nigeria Plc witnessed a significant 33.76% decline in profit, dropping to N510.80 million in 2023 from N771.15 million…
Geregu Power Plc Proposes N8 Dividend per Share
Geregu Power Plc’s board of directors has announced a proposed dividend of N8 per share for the 2023 financial year.…
Seven-Up, UNIDO, Zenith Bank Partner in SME’s Empowerment
Seven-Up Bottling Company, in collaboration with the United Nations Industrial Development Organisation (UNIDO) and Zenith Bank, has organized a bootcamp…
NNPC Engages South Korea for Gas Projects
The Nigerian National Petroleum Company Limited (NNPCL) has initiated discussions with a South Korean consortium led by Daewoo E &…
Kogi State Government Releases N115 Million for JAMB Registration Fees
The Kogi State Government, under Governor Yahaya Bello’s leadership, has allocated N115,000,000 to cover the Joint Admissions and Matriculation Board…
OPay Bolsters Security Measures to Combat Financial Fraud
Nigerian financial technology firm OPay has launched an array of security measures aimed at fortifying its platform against financial fraud,…
Exit of Burkina Faso, Mali, and Niger Threatens ECOWAS Trade Relations
The potential withdrawal of Burkina Faso, Mali, and Niger Republic from the Economic Community of West African States (ECOWAS) poses…
Nigeria-Morocco Gas Pipeline: Minister Assures Uninterrupted Supply
Mr. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has provided reassurance of uninterrupted supply to the Nigeria-Morocco…
FG to Enforce Sanctions on Vessels Violating Maritime Regulations
During the arrival ceremony of the ‘CMA CGM Scandola’, the largest container vessel fueled by Liquefied Natural Gas, at Lekki…
Dangote Refinery Plans to Import Crude from the US
In anticipation of potential supply disruptions that could jeopardize its operations, Dangote Refinery is preparing to import crude oil from…
European Stocks Gain Amid Wall Street Momentum
European stock markets rose on Thursday, influenced by positive developments on Wall Street and ahead of the release of crucial…
U.S. Dollar Steady Ahead of Crucial Inflation Data
The U.S. dollar maintained its strength in early European trade, holding onto most of its gains from the beginning of…
Bitcoin Holds Steady After U.S. SEC Approves ETFs
Bitcoin maintained its position on Thursday near its highest level since March 2022 following the landmark approval of the first…
Oil Prices Rise Amid Middle East Tensions and Supply Concerns
Oil prices climbed on Thursday following reports of an oil tanker being boarded by an armed group in Oman, raising…
European Shares Rise with Focus on U.S. Inflation Data
European shares advanced on Thursday, with the pan-European STOXX 600 gaining 0.5% by 0921 GMT. The upward movement was led…
Global Trade Faces Setback Amid Red Sea Attacks
Global trade experienced a 1.3% decline from November to December 2023, according to a report from the German economic institute,…
EU Court Adviser: Google, Amazon, Airbnb Exempt from Italian Rule
An adviser to the European Union’s top court has recommended that Alphabet’s Google, Amazon, and Airbnb are not required to…
U.S. Dollar Rebounds, Euro Falters on Weak German Data
The U.S. dollar makes a comeback in early European trade, reclaiming ground lost after slipping from its three-week high. The…
Global Markets Hold Gains, Eyes on CPI Data and Rate Cut Expectations
Global markets maintained their gains on Tuesday following a tech-led rally on Wall Street and lower oil prices. U.S. benchmark…
Global X Optimistic about Brazil’s Economic Prospects, Sees Investment Opportunities
Global X, a leading exchange-traded funds (ETF) provider with assets of around $48 billion worldwide, expresses optimism about Brazil’s economic…
European Equities Slip Amid Losses in Tech and Financial Stocks
European equities experienced a decline on Tuesday, primarily driven by losses in technology and financial stocks. Investors are awaiting more…