cNGN Delays Launch Pending Regulatory Approval
The Africa Stablecoin Consortium has officially postponed the launch of its cNGN stablecoin, originally scheduled…
UN Highlights Downward Risks to Nigeria’s Growth in 2024
The United Nations, in its 'World Economic Situation and Prospects 2024' report, has revealed that Nigeria faces…
Dangote Petroleum Refinery Nears Production with 6th Batch of Crude Oil
The Dangote Petroleum Refinery announced its imminent entry into refined petroleum production as it received the…
NCC Threatens Call Disruption: Globacom Faces Bar from Making Calls to MTN
The Nigerian Communications Commission (NCC) has issued a public notice indicating its intent to bar Globacom…
NERC Dissolves Kaduna Electricity Distribution Company Board Over N110bn Debt
The Nigerian Electricity Regulatory Commission (NERC) announced the dissolution of the board of directors of…
Cash Scarcity Causes Sharp Decline in ATM Usage- KPMG
A report titled "In Pursuit of Value," by KPMG reveals a significant drop in the weekly usage of Automated…
MAN Criticizes EFCC’s Armed Invasion of Dangote Industries
The Manufacturers Association of Nigeria (MAN) has strongly criticized the armed invasion of Dangote Industries…
Manufacturers Hit Hard as Currency Depreciates by 38.9%
In the last three months, the Nigerian naira has lost nearly 39% of its value against the US dollar, dropping from…
CBN, Clearing Debt to Boost Naira and Enhance Investor’s Confidence
The Central Bank of Nigeria (CBN) has announced its commitment to settling pending obligations and boosting the…
Nigeria Ranks 22nd Globally for Cheapest Gasoline Prices, Despite Oil Production…
"A recent report titled 'Global Petrol Prices, Octane-95, January 1, 2024,' on global gasoline prices reveals that…
Guinness, Nestle and Others Face N472.3 Billion Loss Due to Naira Depreciation
Major consumer goods companies, including Cadbury, Guinness Nigeria, and Nestle, faced a collective loss of N472.3…
Mixed Start for European Stock Markets as Investors Await Key Inflation Data
European stock markets began the week with mixed trading, reflecting subdued risk appetite among investors. The…
Gold Prices Extend Decline Amid Strong U.S. Labor Data, Focus Shifts to CPI
Gold prices continued their descent in Asian trade on Monday, following losses from the previous session. The…
Boeing Shares Plunge in Frankfurt as FAA Orders Grounding of 737 MAX 9 Jets
Boeing faced a significant setback in the stock market as its shares listed in Frankfurt plummeted by up to 8%…
Japan Urges Swift MOU Signing for Sri Lanka’s Debt Restructuring Amidst…
Japan has reiterated the urgency of promptly finalizing the signing of a Memorandum of Understanding (MoU) between…
U.S. Healthcare Sector Shows Signs of Revival Amidst Cheap Valuations and Investor…
The U.S. healthcare sector is experiencing a resurgence, marked by a 6% climb in the S&P 500 healthcare sector…
Dollar Gains Ground as Market Awaits U.S. Inflation Report
The U.S. dollar experienced a broad uptick on Monday, reflecting subdued risk appetite as investors awaited a…
Nvidia Plans Mass Production of AI Chip for China, Complying with U.S. Export…
U.S. chipmaker Nvidia is set to commence mass production in the second quarter of 2024 for an artificial…
Premium Smartphone Market Set to Reach Record Sales- Reports
The global premium smartphone market, featuring devices with a wholesale price of $600 or more, is projected to…
Geopolitical Tensions, OPEC Output, and Saudi Price Cuts: Impact on Global Oil…
Recent developments in the global oil market have been marked by a complex interplay of factors, including…
Challenges in Facility Maintenance for Healthcare and Tertiary Education in…
Facility maintenance in Nigeria's healthcare and tertiary education sectors is facing significant challenges,…
EAIF Pledges $30 Million Investment to AXIAN Energy’s Ambitious Renewable…
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG),…
Nigeria Launches Automated Passport Application System
""Nigeria is set to launch a highly anticipated reform with the automation of the passport application and…
IFC Boosts Cabo Verde’s Tourism Sector with €35.5 Million Financing for…
The International Finance Corporation (IFC) has unveiled a comprehensive financing package of up to €35.5 million…
IFC Partners with Facility for Energy Inclusion Fund to Drive Clean Energy Access…
On December 22, 2023, the International Finance Corporation (IFC) announced a significant financing collaboration…
African Development Bank Leads USD 117 Million Financing for Menengai Geothermal…
Financial close has been achieved for a USD 117 million financing deal, led by the African Development Bank (AfDB)…
Renergen’s Helium Discovery in South Africa Unveils Billion-Dollar Potential
South African startup Renergen made an unexpected discovery of abnormally high concentrations of helium in grassy…
India and Nepal Officially Agree on 10,000 Megawatts Electricity Export Deal
India and Nepal have formalized a significant agreement for the export of 10,000 megawatts of electricity from…
ACP Urges Revision of U.S. Treasury Department’s Green Hydrogen Proposal
The Chief Executive Officer of the American Council on Renewable Energy (ACP), Jason Grumet, has issued a…
3 Million Bank Accounts at Risk: Deadline Approaches for BVN/NIN Linkage- CBN
"Millions of bank accounts face the risk of being blocked as the deadline approaches for linking them to either a…