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…
Nigeria’s Public Debt to Surge to N95trn in Ten Years
"Nigeria's public debt is set to see an over eightfold increase in the next decade, surging to about N95trn.…
Inflation Challenges Nigeria’s Economy: Affects Energy Costs and Others
Nigeria faced economic challenges in 2023, with a sharp rise in inflation to 28.9% and soaring energy costs.…
National Assembly Probe Crude Oil Theft, Raises Concerns
The National Assembly is once again investigating the persistent problem of crude oil theft, a challenge that has…
No Immediate Increase in Petrol Prices- NNPC
The Nigerian National Petroleum Company (NNPC) Limited has assured the public that there won't be an immediate…
Nigerian Air Force Shifts Zonal Attitude Test to January 13
The Nigerian Air Force (NAF) has announced the postponement of its zonal attitude test for Trades and…
ON FUEL PRICE: PETROAN Nears Partnership with Offshore Refineries
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) is in advanced talks with four…
Price of Local Rice increases by 73.2% in one Year
The price of local rice in Nigeria has surged by 73.2% in one year, reaching between N55,000 and N60,000 for a…
Naira Faces Decline, Closes Above N1,000/$: World Bank Urges Increased FX Supply…
The naira, Nigeria's currency, closed trading at N1035.12/$ on the official Investor and Exporter foreign exchange…