Business News
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UPS to cut 12,000 jobs to save $1 billion as revenue outlook falls
UPS has announced plans to streamline its workforce by eliminating 12,000 jobs, aiming to achieve significant cost savings totaling $1…
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Lekki Gardens maintains BBB+ Rating
The Global Credit Rating (GCR) recently affirmed Lekki Gardens national scale long-term and short-term issuer ratings of BBB+ and A2…
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FG grants 499 licences for buying, selling of solid minerals in Nigeria
The Federal Government, through the Ministry of Solid Minerals Development, has approved about 499 licences for the buying and selling…
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MTN Group commits $251 million to infrastructure in Benin
Telecommunications group, MTN, has announced plans to invest $215 million in telecom infrastructure in the Republic of Benin over the…
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IMF downgrades Nigeria’s economic growth projection for 2024
The International Monetary Fund (IMF) has slashed its forecast for Nigeria’s economic growth for 2024 from 3.1% declared in October…
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Massive selloffs trigger NGX’s first bearish performance in 20 days
For the first time since January 10, 2024, the NGX has closed in the bearish zone as the All-Share Index…
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Tinubu asks senate to confirm sack of FCCPC CEO, nominates new Executive Director for MDGIF
President Bola Tinubu has asked the Senate to expeditiously confirm the sack of the Chief Executive Officer (CEO) of the…
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Payment Infrastructures and Gateways – The Evolution and Revolution of Payment Systems in Africa
Before the development of payment gateways, payment infrastructure, and even the cash-based system as we know it today, much of…
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75-Year-Old Man Sues Fidelity Bank, EFCC 500 Million Over Rights Violations
A 75-year-old businessman, Michael Kundera, has sued the Economic and Financial Crimes Commission (EFCC) at the Federal Capital Territory (FCT) High Court,…
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Zamfara: Governor Dauda Lawal declares state of emergency in health sector
Governor Dauda Lawal of Zamfara State has officially declared a state of emergency in the state’s health sector, expressing a…
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FX backlog: CBN confirms, clears 17% of airlines’ claims
The Central Bank of Nigeria (CBN) has said that it has fulfilled its promise by clearing $64.44 million backlog of…
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Nottingham university lowers requirements for prospective international students, cites financial challenges
Nottingham University has announced that it would lower the requirements for prospective international students by offering admissions with lower grades…
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CBN warns forex dealers against market manipulation, threatens sanctions
The Central Bank of Nigeria (CBN) has warned authorized dealers to ensure that transactions in the forex market are conducted…
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Geregu Power Posts 110% Increase in Profits, first to file audited accounts
Geregu Power Plc, a prominent player in Nigeria’s energy sector, has announced a remarkable 110% surge in operating profit in…
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British Nigerian minister, Kate Osamor suspended over genocide comments about Isreal
British Nigerian Labour MP Kate Osamor is currently facing the suspension of the whip as an investigation is launched into…
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Federal Government raises N418.197 billion in January 2024 bond auction
The Debt Management Office has released the FGN bond auction result for January 2024. According to the results, the Federal…
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Nigeria’s money supply hits all-time high of N78.74 trillion in December 2023
Nigeria’s broad money supply increased to N78.74 trillion as of December 2023, the highest ever recorded in the country. This…
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Harnessing AI for strategic decision making and business growth
The boardroom buzzes with nervous excitement. Data projections dance across the screen, a dizzying symphony of numbers and charts. Harnessing…
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From FOMO to Focus: Crafting a Resilient Investment Strategy in the NGX Surge
Within the global financial arena, Nigerian Exchange Limited (NGX)’s remarkable year-to-date growth of 37% has stirred a mix of excitement…
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Clean energy investment hits $1.8 trillion, falls short of net zero goals
Global Clean energy spending stood at $1.8 trillion, falling short of the funding requirements to achieve net zero emission Global…
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