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Nigerian PMI Report: August Sees First Economic Expansion in Over a Year
In August 2024, Nigeria's Purchasing Managers' Index (PMI) showed its first economic expansion in 13 months. The!-->…
Sub-Saharan Africa to make 25% of global workforce – Report
A new report from Bridgewater Associates, Global Citizen, and Harith General Partners reveals that Sub-Saharan!-->…
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
On August 4, 2024, the naira fell to a six-month low of N1,625.88 per dollar in the official NAFEM market, marking!-->…
$500m domestic dollar bond result expected Friday
The Federal Government of Nigeria is set to announce the results of its $500 million domestic US dollar bond by!-->…
Petrol price hike: NLC cries foul, threatens strike
The Nigeria Labour Congress (NLC) has called on the federal government to immediately reverse the recent increase!-->…
Sovereign Trust Insurance pays N1.9bn claims in H1
Sovereign Trust Insurance Plc has reported disbursing N1.9 billion in claims during the first half of 2024. The!-->…
Power generation hits 5,313MW, first time in three years
Nigeria's power generation surged to a three-year high of 5,313 megawatts on Monday, according to the Federal!-->…
Air cargo demand rises by 13.6% – IATA
The International Air Transport Association (IATA) reported a 13.6% increase in global air cargo tonne-kilometres!-->…
Virgin Atlantic begins Accra-London flight
Virgin Atlantic has announced the re-launch of its daily flights between Accra, Ghana, and London Heathrow,!-->…
Oando director resigns
Oando Plc has announced the resignation of Mr. Tanimu Yakubu as a non-executive director, following his decision!-->…
World stocks tiptoe, dollar holds as investors await US data
World stocks held steady on Tuesday while the dollar remained near a two-week high as investors awaited crucial!-->…
EV firm Polestar taps former Stellantis finance executive as CFO
Polestar announced the appointment of Jean-Francois Mady, a former Stellantis finance executive, as its new CFO,!-->…
Cathay Pacific inspections find 15 A350s need engine parts replaced
Cathay Pacific Airways announced it has inspected its entire Airbus A350 fleet after a critical engine component!-->…
Asian markets slip amid economic worries
Asian markets fell on Tuesday as investors anticipated the upcoming U.S. jobs report, which is expected to!-->…
‘It’s falsehood,’ FG denies ordering NNPC to raise fuel price
The Federal Government has refuted claims suggesting that the Ministry of Petroleum Resources ordered the Nigerian!-->…
NGX, UNIMAID Sign Strategic Partnership to Promote Capital Market Education
The Nigerian Exchange (NGX) and the University of Maiduguri (Unimaid) have signed a Memorandum of Understanding!-->…
PremiumTrust Bank posts N47.8b gross earnings
PremiumTrust Bank achieved gross earnings of N47.80 billion and a profit before tax of N14.10 billion in 2023, as!-->…
Nigeria’s manufacturing sector plunges as GDP contribution declines by 20.95% in 6…
Nigeria's manufacturing sector has seen a significant decline in its contribution to the nation's GDP, dropping by!-->…
Equities market resumes September bullish, investors gain N123bn
The Nigerian equities market kicked off September on a bullish note, with investors’ wealth growing by N123.45!-->…
DMO opens September bonds offer with 18.2% interest
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched its September 2024!-->…
UK’s Aviva conspired to dodge India compensation and tax rules, agency says
The Indian tax agency has accused British insurer Aviva of breaching local regulations on sales commissions!-->…
Oil prices face pressure from slow China demand and inventory rise
Oil price forecasts for 2024 have been downgraded due to weak fuel demand from China, the world's top importer,!-->…
Manufacturing grows by 1.28%
In the second quarter of 2024, Nigeria's manufacturing sector recorded a year-on-year growth of 1.28%, according!-->…
OVH Acquisition: CAC dissolves NNPC retail, Nueoil
The Corporate Affairs Commission (CAC) has dissolved NNPC Retail, the downstream arm of the Nigerian National!-->…
NCC uncovers 100,000 SIM cards linked to one individual
The Nigerian Communications Commission (NCC) has uncovered a shocking case where over 100,000 Subscriber!-->…
NNPC absorbing actual costs of petroleum products, says Tonye Cole
Tonye Cole, co-founder of Sahara Group, has highlighted the significant pressure on the Nigerian National!-->…
Concerns as Emirates opens ticket booking in dollars
Stakeholders in Nigeria’s travel industry have expressed concern over Emirates' decision to price tickets on!-->…
Africa’s poverty is man-made, not an act of God – Obasanjo
Former Nigerian President Olusegun Obasanjo recently highlighted the man-made nature of poverty in Africa,!-->…
NUPRC rejects Shell’s $1.3bn onshore asset sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reportedly rejected Shell International Plc's!-->…
Birkenstock misses profit estimates as expansion plan hits margins
Birkenstock missed quarterly profit expectations, with its shares dropping 12% in premarket trading.
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