BMW trims 2024 profit margin on technical issues, weak China demand
BMW has revised its profitability forecast for 2024, now expecting an EBIT margin of 6% to 7% instead of the…
Google loses fight against $2.7 billion EU antitrust fine
Google has lost its appeal against a €2.42 billion fine from the European Commission for unfairly promoting its…
EU’s Vestager triumphs in crackdown on Apple’s tax deal,…
EU antitrust chief Margrethe Vestager celebrated two major victories as the European Court of Justice upheld fines…
US small business sentiment ebbs in August amid rising uncertainty
Small-business confidence in the U.S. fell in August, reversing July’s gains due to growing uncertainty ahead of…
Huawei seeks to steal spotlight from Apple with launch of $2,800 tri-fold…
Huawei launched its $2,800 tri-foldable Mate XT smartphone just hours after Apple's iPhone 16 debut, positioning…
Nigeria, China sign $3.3 billion deal for brass industrial park
Nigeria and China have signed a $3.3 billion agreement to develop the Brass Industrial Park and Methanol Complex…
Forex crisis crashes border trade by 80% – Operators
Licensed customs agents operating at Nigeria’s land borders have reported a significant 80% decline in trade…
Agriculture led company income tax with 474.50% in Q2 2024 – NBS report
Nigeria's agricultural sector led the growth in Company Income Tax (CIT) during the second quarter of 2024,…
Electricity DisCos collects N150 billion as revenue in June- NERC
In June 2024, electricity distribution companies (DisCos) across Nigeria collected N150.86 billion, achieving an…
Wike signs MoU with Chinese engineering firms for electricity and water projects…
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has formalized a Memorandum of Understanding (MoU) with…
Japaul Gold & VenturesLists N20bn Worth of Shares on NGX
Japaul Gold & Ventures Plc has received approval from the Securities & Exchange Commission (SEC) for a…
Banks begin charging up $20 as fees on foreign currency accounts
Several commercial banks in Ghana have reintroduced charges on foreign exchange accounts, with fees reaching up to…
T-bills target missed for 9th consecutive time; auction falls by GH₵755m
This week, the Ghanaian government fell short of its money market auction target by GH₵755 million, securing…
Secured Loans surge to Gh¢10.8bn in Q2 2024
In the second quarter of 2024, the total value of secured loans granted by banks and Specialized Deposit-Taking…
CBN Boosts Forex Liquidity, Sells Dollars To BDCs At N1,580
The Central Bank of Nigeria (CBN) has injected liquidity into the foreign exchange market by selling US dollars to…
Company Income Tax revenue rises 151% in Q2 2024 to N2.47 trillion
Nigeria's Company Income Tax (CIT) skyrocketed by 150.83% in Q2 2024, reaching N2.47 trillion compared to N984.61…
Transcorp Hotels Named Best Hospitality Service Provider
Transcorp Hotels Plc, listed on the Nigerian Exchange (NGX), has been honoured as the Best Hospitality Service…
Atiku slams Tinubu admin on VAT raise, warns of worsening economic crisis
Former Vice President Atiku Abubakar has condemned the recent Value Added Tax (VAT) increase from 7.5% to 10%,…
CBN Raises N9.27tn via NTBs as Investors Seek Longer Maturities, Higher Returns
The Central Bank of Nigeria (CBN) successfully raised N9.27 trillion from Nigerian Treasury Bills (NTBs) across…
Economic Insight: 50% electricity subsidy for public hospitals and educational…
In the 21st century, a nation's wealth is measured by its human capital—its people's education, healthcare, and…
European markets start the week on a positive note
On August 28, 2024, European markets opened higher, with the pan-European Stoxx 600 index gaining 0.67% in early…
Stock market returns bearish amid increase in price of petrol
The Nigerian stock market closed bearish last week, impacted by a sharp rise in petrol prices, which surged from…
Nigeria’s SEC to begin crackdown on unregulated crypto exchanges, others
The Securities and Exchange Commission (SEC) of Nigeria has announced that it will soon begin enforcement actions…
Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97%
The Nigerian stock market has experienced a decline, with the Year-to-Date (YtD) performance dropping to 28.97%…
As multinationals exit, these Nigerian companies are spending billions on…
Nigeria is experiencing a notable exit of companies due to economic challenges and reforms in energy and forex…
Only Nigerians with NIN can buy ₦40,000 rice – FG
The Federal Government has launched the sale of 30,000 metric tonnes of subsidised milled rice, requiring buyers…
BoI boosts funding with Euro 1.43b global loan syndication
The Bank of Industry (BOI) has successfully raised €1.43 billion in a global loan syndication, marking a 142.5%…
Nigeria targets 30GW power supply by 2030
Nigeria's Minister of Power, Adebayo Adelabu, has announced that the country is committed to achieving universal…
Unity Bank restores service, begins duty collection
Unity Bank Plc has announced the restoration of its services and readiness to collect customs duties from licensed…
Operators sue govt as PoS registration deadline ends
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has taken legal action against the Corporate…