Banks say growing reliance on Big Tech for AI carries new risks
The rise of artificial intelligence (AI) in banking is a double-edged sword, according to European banking…
Americans are getting pickier, but they are still spending on hot items
Investors are analyzing US credit card spending data to understand which retailers are likely to perform well this…
China’s exports rise solidly, but slower imports temper outlook
China's exports grew for a second consecutive month in May, offering a glimmer of hope for the country's economic…
Morning Bid: US check on sub-4% jobless, China imports slow
Global markets are currently in a holding pattern, awaiting the release of the US employment report. This report,…
Stock market rally pauses as US jobs data looms
Global stock markets are currently in a wait-and-see mode, with investors closely monitoring the upcoming US jobs…
Major Japanese Banks to Divest $8.5 Billion in Toyota Stock
Two of Japan's largest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group (SMFG),…
INFLATION: Cost of sales in companies rise 29% to N5.4trn
A recent analysis of financial statements from 20 leading Nigerian companies reveals a significant increase in…
Insurance sector charged on digital adoption to accelerate penetration
Enterprise Life Nigeria, a leading insurance provider, is calling for the industry to embrace digital adoption.…
Food security: FG providing N200 billion to support the cultivation of hectares of…
The Secretary to the Government of the Federation (SGF), Sen. George Akume, announced that the federal government…
Police declare ‘fugitive’ First Bank employee, Tijani Muiz, ‘wanted’ over alleged…
The Nigerian Police Force has declared Tijani, an employee of First Bank of Nigeria Limited, wanted for multiple…
Australian authorities project loss of 250,000 jobs dependent on foreign students
Authorities in Australia have warned that new measures to limit international students could severely impact the…
Freight services resume on Lagos-Kano narrow gauge railway
Freight services have resumed on the rehabilitated Lagos-Kano narrow gauge railway line, announced by the Minister…
Opinion: Free Crypto Up for Grabs: Top 5 Airdrops to Look Out For in June
This article explores five of the most promising airdrop campaigns happening in June. Airdrops are a way for…
Chinese Construction Company Creates 10,000 Jobs in Abuja Rail Project
The China Civil Engineering Construction Company (CCECC) has revealed that it generated 10,000 jobs during the…
Nigerian Refineries Look to US Oil to Fill Domestic Supply Gap
Nigerian modular refineries, facing an unreliable domestic crude oil supply, are exploring imports from the United…
Nigeria’s current trade balance rises to $1.43bn amid economic challenges
Data from the International Monetary Fund's World Economic Outlook reveals an increase in the country's current…
Minimum wage negotiations inconclusive, says Ajaero as presidency debunks N105,000…
With just days left before the expiration of the ultimatum given by organized labor, negotiations on the minimum…
Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as…
Airtel Africa is set to pay a total dividend of N276 billion ($224 million) for the fiscal year ending March 31,…
Mansard’s 704% profit surge masks core operational concerns
Despite a staggering 704% increase in pre-tax profits, a closer look reveals a need for improvement in core…
Relief for households as cooking gas price falls to N900/kg
Households in Nigeria are celebrating a significant decrease in the price of Liquefied Petroleum Gas (LPG), also…
Heritage Bank Depositors to Get Money Back Within a Week
The Nigerian Deposit Insurance Corporation (NDIC) has begun the process of reimbursing depositors of Heritage…
FG Considers Duty Suspension and VAT Cuts to Fight Inflation
In an effort to combat inflation, the Nigerian government is proposing a six-month suspension of import duties on…
Atiku Tackles Tinubu As FG Projects N5.4trn For Fuel Subsidy In 2024
Former Vice President Atiku Abubakar has accused President Bola Ahmed Tinubu of misleading Nigerians about the…
FCMB Secures $15m Trade Finance Facility with ITFC
First City Monument Bank (FCMB) has entered into a $15 million Master Murabaha Agreement with the International…
Fidelity Bank goes for N127.1bn capital raise
In response to the Central Bank of Nigeria's revised minimum capital requirements for commercial banks introduced…
FG Plans N6.6 Trillion Supplementary Budget under ASAP
The Federal Government is preparing to seek approval from the National Assembly for a N6.6 trillion supplementary…
Nigeria’s current account balance exceeds $1.432bn, says IMF
Nigeria's current account balance has achieved a surplus of $1.432 billion in 2024, an improvement from the $1.21…
Oil price drops below budget benchmark, as output stagnates
Nigeria's 2024 national budget is under significant funding pressure due to a sustained decline in oil prices and…
Fidelity Bank Plc undertakes a N29.6bn Rights Issue and N97.5bn public offer
Fidelity Bank Plc is set to raise up to N127.1 billion via a Rights Issue and Public Offer, as part of its…
Investors shun 182-day T-Bills, flock to 364-day bills with N677 billion…
The latest Nigerian Treasury Bill auction on June 5th, 2024 revealed a strong preference for longer-term…