BoI extends application for RAPID fund for MSMEs
The Bank of Industry (BOI) has extended the application deadline for its Rural Area Program for Investment and…
Sacked Turkish Airlines staff not involved in ticket racketeering — Union
The National Union of Air Transport Employees (NUATE) has strongly contested the reasons given by Turkish Airlines…
Naira Crisis Drives Nigerians to Locally-Used Cars
Soaring prices of imported vehicles are pushing Nigerian car buyers towards locally-used alternatives. The…
Oil GDP slows to 5.7% as production problems linger
Nigeria's oil sector, a critical source of government revenue and foreign exchange, is experiencing a significant…
Nigeria Labor Congress to Present Revised Minimum Wage Proposal
The Nigeria Labour Congress (NLC) is expected to present a new proposal for a minimum wage increase at a meeting…
Shares nudge higher as US, EU inflation data loom
World stock markets edged higher on Monday as investors awaited key inflation data releases this week. This data…
Dollar firm ahead of global inflation data
The U.S. dollar remained stable on Monday but is poised for its first monthly decline this year. Investors are…
Stellantis to announce Italy-produced hybrid version of 500 EV, sources say
Fiat's owner, Stellantis, is set to unveil a hybrid version of its popular 500e electric car. Production of this…
Musk’s AI Company xAI Secures $6 Billion, Aims to Challenge OpenAI
Elon Musk's artificial intelligence startup, xAI, has secured a massive $6 billion investment, propelling its…
UBA appoints Emmanuel Nnorom as non-executive director
The United Bank for Africa (UBA) has appointed Emmanuel Nnorom as a new non-executive director to its board.…
Brewers post N170bn loss on weaker naira, rate hikes
Nigeria's major brewers face financial difficulties after a combined loss of N169.7 billion in the first quarter…
TotalEnergies Snubs Nigeria Again, Invests $600 Million in Congo’s Oil…
French oil giant TotalEnergies has passed over Nigeria for a second time, opting to invest $600 million in the…
Royal Electronics launches new products in Nigeria
Royal Electronics is bringing a wave of innovation to Nigerian homes with the launch of five new product…
Telecom Investments Pay Off: Data Revenues Soar in Nigeria
Nigeria's telecommunications industry is reaping the rewards of significant investments in network infrastructure.…
CBN Director Celebrated for 35 Years of Service
The Central Bank of Nigeria (CBN) has commended Clement Oluwaranti Buari, Director of Strategy Management, for his…
UBA Announces Over N2trn Revenue, N607.69bn Profit
The United Bank for Africa (UBA) has announced a stellar performance for the 2023 financial year, achieving record…
MPC: Stock investors maintain cautious stance, lose N290bn
Nigerian stock market investors are feeling the pinch after the recent Monetary Policy Committee (MPC) meeting.…
NECA Rejects N500,000 Minimum Wage Demand
The Nigeria Employers' Consultative Association (NECA) has rejected the Nigerian Labour Congress' (NLC) demand for…
Consumers fault Discos as meter price hits N147,000
Nigerians are facing a new challenge in their quest for prepaid electricity meters. Following deregulation by the…
Walmart Ditches Capital One as Credit Card Issuer After Service Issues
Walmart is severing its partnership with Capital One, which issued its store-branded credit cards since 2019. This…
Lilly invests further $5.3 bln in new Indiana site as obesity drug demand soars
Eli Lilly is making a massive investment to address surging demand for its weight-loss and diabetes drugs,…
US equity funds see massive weekly inflows on rate cut expectations
US equity funds saw a significant inflow of capital in the week ending May 22nd. This surge, totaling $9.9…
US Stocks Mixed: Tech Buoyed by Nvidia, But Inflation Worries Drag on Gains
US stocks opened higher on Friday, but the rally looks unlikely to sustain as the week draws to a close. The Dow…
Exiled Chinese Businessman Miles Guo Faces Fraud Trial in New York
Miles Guo, a Chinese businessman living in exile, is set to go on trial in Manhattan for allegedly defrauding…
Fed Governor Hints at Higher Borrowing Costs
Federal Reserve Governor Christopher Waller has sparked discussions about a possible change in the interest rate…
Brazil’s Petrobras approves Chambriard as new CEO
Brazil's state-owned oil giant Petrobras has a new leader: Magda Chambriard. Her appointment follows the…
CBN’s 26.25% interest rate will compound high cost of doing business in Nigeria –…
The Manufacturers Association of Nigeria (MAN) is expressing strong concerns over the Central Bank of Nigeria's…
Landmark Beach Demands N42 Billion Compensation After Demolition
The management of Landmark Beach is seeking N42 billion in compensation from the Nigerian Federal Government…
Government Invests N110 Billion in Young Entrepreneurs
The Nigerian government has announced a significant investment in young entrepreneurs. The Federal Executive…
Nvidia Co-Founder Surpasses Walmart Waltons in Wealth
Jensen Huang, co-founder of Nvidia, has become a symbol of the booming tech industry's growing influence. Thanks…