UniCredit buys 9% stake in Germany’s Commerzbank, sparking takeover talk
Italy's UniCredit has acquired a 9% stake in Germany's Commerzbank for €700 million, raising speculation that…
Indonesian crypto exchange Indodax loses $22 million to hackers
Indonesian crypto exchange Indodax has suffered a major hack, losing $22 million in assets from its hot wallets.…
First Bank of Nigeria halts misconceptions, Clarifies sale of FBNQuest merchant…
First Bank of Nigeria (FBN) has confirmed that the recent sale of its 100% equity stake applies solely to FBNQuest…
Mastercard rolls out Non-custodial Bitcoin debit card in historic move
Mastercard has introduced a new Bitcoin debit card in partnership with crypto payment company Mercuryo. This card…
Taiwan to assist Nigeria achieve technological growth
Taiwan is ready to support Nigeria in boosting its technology sector, as revealed by Mr. James Huang, Chairman of…
VAT remains 7.5%, no hike planned –Edun
Nigeria’s Minister of Finance, Mr. Wale Edun, has debunked rumors that the Federal Government raised the…
FG’s dollar bond attracted $900m subscription – Edun
Nigeria’s first-ever foreign-currency domestic bond has successfully attracted $900 million in subscriptions,…
Why NNPC may not lift Dangote petrol on Sunday
Four days before the Nigerian National Petroleum Company Limited (NNPC) was set to begin lifting Premium Motor…
Naira weakens to N1637/$
The Nigerian naira continued to decline against the US dollar, closing at N1637.59 at the end of trading on…
Financial sector grew by 30% – FG
Nigeria’s financial sector grew by more than 30% in the first half of 2024, signaling strong economic recovery…
Oil production rose to 1.35mbpd in August – OPEC
Nigeria’s crude oil production increased from 1.307 million barrels per day (mbpd) in July to 1.352 mbpd in…
Kuda launches virtual PoS for SMEs
Kuda, through its Kuda Business platform, has launched virtual and physical point-of-sale (PoS) products aimed at…
FG eyes slice of OPay, Palmpay N46tn transactions
The Nigerian government is set to implement a new Electronic Money Transfer Levy (EMTL) from September 9, 2024.
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Boon for Nigeria as Shell’s $1.3bn assets sale gets regulatory nod
Shell International Plc has secured approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to…
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…