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FG Inaugurates More CNG Conversion Centres In Abuja
The Presidential Compressed Natural Gas (CNG) Initiative has opened conversion centres in Abuja to accelerate the…
Nigeria Loses N13.7trn To Illegal Mining Annually – Reps
The House of Representatives Committee on Solid Minerals announced that Nigeria loses $9 billion annually due to…
FIRS Seals AEDC Headquarters Over Tax Dispute
The Federal Inland Revenue Service (FIRS) sealed the headquarters of the Abuja Electricity Distribution Company…
Jumia Connects Over 11,000 SMEs to Millions of Consumers Across Africa
Jumia, an e-commerce platform, has connected over 11,000 Small and Medium Enterprises (SMEs) to millions of…
FG, USAID partner on $75 million for energy transition
The U.S. Agency for International Development (USAID) and the Federal Ministry of Power have signed a memorandum…
Cornerstone Embraces Technology, Restructures to Achieve Significant Growth
Cornerstone Insurance Plc has implemented a series of reforms aimed at enhancing service delivery, including…
Naira’s stability pinned on sustained dollar sales by CBN
Analysts predict that the stability of Nigeria's currency, the naira, will hinge on the Central Bank of Nigeria…
High yields force firms to reduce bond issuance by 98%
The value of corporate bonds issued by Nigerian companies plummeted by 98 percent between Q4 2022 and Q1 2024 due…
NNPC holds 7.2% stake in Dangote Refinery, not 20% – Aliko Dangote
Aliko Dangote has clarified that the Nigerian National Petroleum Company (NNPC) now holds a 7.2% stake in the…
Banks’ Credits To Private Sector Grow By N30tr In One Year
Determined to bolster the private sector, Nigerian commercial banks have increased lending by about N30 trillion,…
Kaduna DisCo Gets New Owners
ASI Engineering Limited (ASI) has announced the acquisition of a 60% equity stake in the Kaduna Electricity…
Taiwan president thanks Micron CEO for his trust in Taiwan
Taiwan President Lai Ching-te recently expressed gratitude to Micron's Chief Executive Sanjay Mehrotra for the…
Japan households’ inflation expectations heighten, quarterly survey shows
Nearly 90% of Japanese households expect prices to rise in the next year, according to a quarterly Bank of Japan…
US lawmakers raise worries about China in Microsoft deal with Emirati AI firm
Republican lawmakers have requested an intelligence assessment from the Biden administration on Microsoft's $1.5…
Australia to bring anti-scam law targeting internet giants this year, regulator…
Australia plans to introduce a law by the end of the year requiring internet companies to proactively prevent…
BIPC Seeks $500m UNHCR-IFC For IDPs Sustainability
The Benue Investment and Property Company Limited (BIPC) has proposed a business model to leverage a $500 million…
FG To Invest In Made-In-Nigeria Vehicles, Transmit To CKD Assembly
The Director-General of the National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin,…
Nigeria’s oil production adds 25,000 barrels per day
Nigeria’s daily oil production increased by 25,000 barrels per day, rising from 1.251 million barrels per day in…
NIDF posts N8.37bn post-tax profit
The Nigeria Infrastructure Debt Fund (NIDF) reported a 15.8% increase in post-tax profit for the first half of…
Honeywell, Seplat drag equity market to N188bn loss
Investors on the Nigerian Exchange Limited faced losses totaling N188 billion on Thursday, primarily driven by…
SEC harps on investor education to drive growth
Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), emphasized the importance…
NDDC to boost Niger Delta development with N1.9tn budget
The Niger Delta Development Commission (NDDC) has presented its ambitious 2024 budget of N1.9 trillion to the…
Senate rejects bill seeking to review forex market regulations
The Nigerian Senate recently rejected the Foreign Exchange (Control and Monitoring) Bill, 2024 (SB. 353), proposed…
Amazon could face probe over treatment of UK grocery suppliers, watchdog says
Britain's grocery regulator has warned Amazon of a possible formal investigation if it does not improve compliance…
AI frenzy takes Taiwan’s TSMC to record peak, puts it in trillion dollar…
TSMC reached a record high in its second-quarter revenue, driven by strong demand for AI applications. The world's…
Housing crisis in Spain’s cities drives rise in homelessness as tourism…
Francisco Carrillo, a 62-year-old pensioner, finally found relief as he moved into a charity-provided apartment in…
Nigeria’s regional trade declines, ranks 4th behind SA, Cote d’Ivoire, Egypt
Three years into the African Continental Free Trade Area (AfCFTA) agreement, Nigeria has experienced a decline in…
NERC Reels Out New Sanctions For DisCos
The Nigerian Electricity Regulatory Commission (NERC) announced new sanctions for Distribution Companies (DisCos)…
Global Regulators Tighten Rules On Banks Outsourcing Services
The Basel Committee of banking regulators has proposed that bank board directors take ultimate responsibility for…
Cost of living crisis: Nigeria ranked 5th hardest hit African country
Nigeria has been identified as the fifth hardest-hit African country by the global cost-of-living crisis,…