Otedola tightens grip on First Bank, acquires more shares
Billionaire businessman Femi Otedola purchased a total of 9,193,339 units of shares across two tranches, amounting…
EU seeks areas to invest part of 150bn Euro sub-regional package
The European Union (EU) is exploring potential investments in Nigerian ports as part of its €150 billion…
Consolidated Hallmark Holdings grows revenue by 32%
Consolidated Hallmark Holdings Plc has announced a robust financial performance for the year 2023, achieving a 32%…
Nigeria advances internet connectivity with $2bn fibre-optic project
In an initiative aimed at enhancing Nigeria’s connectivity infrastructure, Finance Minister Wale Edun addressed…
SEC, NGX Group agree to capital market digital transformation
The Securities and Exchange Commission (SEC) has announced its support for the Nigeria Exchange Group (NGX) in its…
U.S. crude imports touch two-year high despite lukewarm demand
In May, U.S. crude oil imports reached their highest level since July 2022, averaging 3.1 million barrels per day…
European shares gain, Aussie jumps, yen teeters near 160
European stock markets saw gains on Wednesday, boosted by a rebound in Nvidia shares and a broadly positive risk…
Singapore port congestion shows global ripple impact of Red Sea attacks
Singapore's container port is experiencing its worst congestion since the COVID-19 pandemic, largely due to…
Volkswagen Recalls Over 271,000 Vehicles in the U.S. Due to Potential Air Bag…
Volkswagen is recalling more than 271,000 vehicles in the United States because of a potential wiring fault that…
Exclusive: UBS urges Swiss government to clarify capital demands, sources say
UBS is pressing the Swiss government to clarify additional capital buffer requirements following its acquisition…
Nigeria’s gas export drops 25% on low output, exits
Nigeria's gas exports have decreased by 25% to their lowest level in three years, mirroring a similar decline in…
Naira Depreciates by 0.71% Against Dollar
On Tuesday, the naira faced renewed pressure in the official foreign exchange market, depreciating by 0.71%…
FEC Steps Down Minimum Wage Memo for Further Consultations by President Tinubu
On Tuesday, the Federal Executive Council (FEC) decided to step down the minimum wage memo to allow President Bola…
Kogi IGR Increases To N23.5bn
Kogi State's internally generated revenue (IGR) has increased from N6.5 billion to N23.5 billion annually over…
NSIA Announces 26 Start-Ups For $220,000 Accelerator Prize For Innovation
The Nigeria Sovereign Investment Authority (NSIA) has revealed the 26 start-ups advancing to the accelerator stage…
Access Bank Launches Season 6 of Womenpreneur Pitch-A-Ton Programme
Access Bank has opened registration for the sixth season of its Womenpreneur Pitch-A-Ton programme, aiming to…
Sterling HoldCo Gets Shareholders Approval to Raise N200bn Fresh Capital
At its inaugural Annual General Meeting (AGM), major shareholders of Sterling Financial Holdings Company Plc.…
Pensioners with Heritage Bank to provide accounts
The Pension Transitional Arrangement Directorate (PTAD) has requested Defined Benefit Scheme (DBS) pensioners with…
World Bank Allocates $45.5M to Nigeria’s NIMC for Digital ID Project
The World Bank has disbursed $45.5 million to Nigeria’s National Identity Management Commission (NIMC) under the…
Salpha Energy gets €25,000 grant for Ashden Award
Salpha Energy has been awarded a €25,000 grant for winning the 2024 Ashden Award for Energy Innovation, supported…
Novo Nordisk’s Weight-Loss Drug Wegovy Approved in China
Novo Nordisk announced that its popular weight-loss drug, Wegovy, has been approved for use in China, the world’s…
European stocks fall as Nvidia slump hits tech sector
European stocks fell on Tuesday following a significant 7% drop in chipmaker Nvidia, which had a ripple effect on…
Headline: China Defends Against Accusations of Unfair Subsidies and Trade…
China's Premier Li Qiang pushed back against accusations from the U.S. and EU at a World Economic Forum meeting in…
Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
Nasdaq futures saw an uptick on Tuesday as AI-related stocks, including Nvidia, rebounded from recent losses,…
Bank of Japan opens door for a hawkish double surprise
The Bank of Japan (BOJ) is signaling a potentially larger quantitative tightening (QT) plan in July, accompanied…
FG tackles revenue leakage, deploys Central Disbursement Solutions
The Federal Government of Nigeria is launching a new revenue management system called 'Revenue Assurance and…
Crypto Traders Lose Over $280m
The cryptocurrency market is facing significant losses after its second-worst weekly decline in 2024, with…
Annual Report: NGX Slams N76.8m Fine On 9 Firms
The Nigerian Exchange Limited (NGX) has fined nine listed companies a total of N76.8 million for failing to submit…
Flutterwave Lays Off 30 Employees
African payments giant Flutterwave has laid off about 30 employees, approximately 3% of its workforce, as part of…
Shoprite to Close Novare Central Mall Branch in Abuja by June 2024
Shoprite Mall has announced it will cease operations at its Novare Central Mall branch in Wuse Zone 5, Abuja,…