Business & Finance
Volkswagen announces major restructuring plan in Germany
Volkswagen AG has announced a big change plan, which includes closing at least three factories in Germany and cutting many...
Aliko Dangote Backs President Tinubu’s Push for a Cleaner Energy Future
Aliko Dangote, President and CEO of the Dangote Group, has thrown his weight behind President Bola Tinubu’s ambitious plan to...
South African Retailer Pick n Pay to Exit Nigerian Market
South African supermarket chain Pick n Pay is leaving Nigeria by selling its 51% share in a partnership with A.G....
International Finance Corporation, Central Bank of Nigeria Partner to Boost Local Currency Financing
The International Finance Corporation (IFC) and the Central Bank of Nigeria (CBN) have made an agreement to give more local...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, October 28 2024
As of today, October 28 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, October 27 2024
As of today, October 27 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Nigeria Loses $26 Billion Annually Due to Power Failures, Report Shows
A recent report by Standard Bank, published in the Africa Trade Barometer, highlights the severe economic impact of Nigeria's power...
IMF Warns: Sub-Saharan Africa’s Oil-dependent Countries Face Slower Economic Expansion
The International Monetary Fund (IMF) has released its economic report for Sub-Saharan Africa, pointing out that countries that produce oil...
Trump’s Net Worth Sees $460 Million Boost Amid Surging Trump Media Shares
Donald Trump's wealth has increased by $460 million, bringing his total net worth to $6.6 billion. This growth is mainly...
Dangote Refinery Achieves Milestone with First Seaborne Petrol Cargo Shipment
Dangote Industries' oil refinery and fertiliser plant has successfully sent its first shipment of petrol by sea, which is a...
Alibaba to Pay $433.5 Million in Settlement of US Lawsuit
Alibaba Group Holding Ltd., the biggest online shopping company in China, has agreed to pay $433.5 million to settle a...
Nigerian Exchange Records Significant Gain, UBA Enters SWOOT Category
The Nigerian Exchange (NGX) continued its upward trend for the fifth consecutive day, with the All-Share Index (ASI) rising by...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, October 26 2024
As of today, October 26 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
IMF Confirms: Nigeria Hasn’t Requested Funding
Despite the rumors swirling through business circles, the International Monetary Fund (IMF) has set the record straight: Nigeria hasn’t made...
IMF Clarifies Stance On NIgeria’s Fuel Subsidy Removal
The International Monetary Fund (IMF) has denied claims that it influenced Nigeria's decision to end fuel subsidies. Abebe Selassie, Director...
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