AfDB to match Italy’s $150m concessional loans for Africa
The African Development Bank (AfDB) has announced its commitment to match the $150 million in concessional loans…
Import duty: FG summons 80 private jets owners over operating papers
The Nigerian Customs Service (NCS) has launched a new initiative aimed at cracking down on operators of…
Chinese investors’ rush for offshore assets spurs Hong Kong wealth inflows
Wealthy Chinese investors are increasingly turning to Hong Kong investment products, such as insurance and…
China’s factory output disappoints, property sector stuck in doldrums
China's economic data for May revealed a mixed picture, with industrial output growth slowing to 5.6%…
Dangote refinery achieves double Nigeria’s 11-yr power output
Over the past eleven years, Nigeria has only managed to add 760 megawatts (MW) to its national grid, increasing…
Morning Bid: Buoyant US eyes French angst, China home woes
Wall Street stocks and bonds maintained stability following a dynamic macroeconomic week, despite concerns over…
Oil steady as downbeat Chinese data offset demand hopes
Oil prices remained steady on Monday as mixed Chinese economic data tempered hopes for increased demand during the…
Goldman Sachs raises S&P 500 year-end target to 5,600
Goldman Sachs has increased its 2024 year-end target for the S&P 500 Index to 5,600, up from a previous target…
Shares stable, euro downtrodden as political turmoil saps market mood
Shares stabilized on Monday as European stocks partially recovered from last week's losses, with the euro…
SK Group to protect affiliates from hostile takeover after chairman’s…
South Korea's SK Group Chairman, Chey Tae-won, addressed concerns on Monday about the potential impact of his…
At Toyota shareholder meeting, all eyes on level of support for chairman
Toyota Motor Corporation's Chairman, Akio Toyoda, is expected to secure re-election at the automaker's annual…
Murray-Bruce, Omokri support Fidelity Bank, urge Nigerians to buy its stock
Former Senator Ben Murray-Bruce and ex-presidential aide Reno Omokri have both expressed strong endorsements for…
Nigeria’s FX reserves stablise at $33.16bn amid inflation surge
Nigeria's foreign exchange (FX) reserves have demonstrated remarkable stability, holding firm at $33.16 billion,…
Changan posts 3.29% rise in May sales, gets more popular in Nigeria
Chinese automaker Changan Automobile reported a modest increase in May sales. According to a production and sales…
FG sets 9-month timeline for 2024 oil block licensing round
In a significant shift from previous practices, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has…
Growth Stack wins tech award
Growth Stack has been honored as Africa’s most trusted software development company of the year by the African…
SEC Chief Warns on Risks of Innovation at Capital Market Summit
Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has urged stakeholders in…
Rubicola Partners NGX, ACCA On Sustainability, Climate Risk Disclosures
In an effort to enhance corporate transparency and sustainability in Nigeria, Rubicola Consulting has partnered…
SAHCO grows gross profit to N8.19bn
Skyway Aviation Handling Company (SAHCO) Plc announced a substantial growth in its gross profit, reaching N8.195…
Recapitalisation: Wema Bank Gets Approval For N40bn Rights Issue
Wema Bank has announced the successful conclusion of the first tranche of its recapitalisation exercise, securing…
Senegal Joins Oil-Producing Countries, Begins Production
Senegal has achieved a historic milestone by officially commencing oil production, thereby joining the ranks of…
Nigeria’s Eurobond Issuance Plans Remain Uncertain
Nigeria's planned Eurobond issuance has left investors and market players in uncertainty as authorities have not…
Ghana Faces Three-Week Power Interruption Due to Reduced Gas Supply from Nigeria
Ghana's state-owned electricity company, the Electricity Company of Ghana (ECG), has announced a three-week power…
Meta Trims Office Space in Lagos after layoffs
Meta, the parent company of Facebook, Instagram, and WhatsApp, is downsizing its office space in Lagos, Nigeria,…
Amazon to invest $230 million in generative AI startups globally
Amazon Web Services (AWS) has launched a $230 million fund to support startups globally in accelerating the…
G7 partners pledges $420-million-dollar investments for Africa as Nigeria…
Leaders from the Group of Seven (G7) countries, along with representatives from Italy and the United States…
NDIC Lists Heritage Bank Assets for Sale Nationwide Following License Revocation
The Nigeria Deposit Insurance Corporation (NDIC) has announced the sale of Heritage Bank's assets nationwide…
Customs Seizes 26,950 Litres of Smuggled Petroleum Products in Lagos, Ogun States
The Nigeria Customs Service (NCS) intercepted 26,950 litres of petroleum products valued at N19 million in Lagos…
World Bank, WTO, NITDA Move To Enhance Digital Trade
The National Information Technology Development Agency (NITDA), the World Bank, and the World Trade Organisation…
Hyundai Upgrades 2025 Santa Fe
Hyundai has unveiled the fifth generation of the popular Santa Fe, featuring significant upgrades including a new…