Business & Finance
Natural Gas Prices Surge on Forecasts of Extreme Heat
Natural gas futures climbed over 4% on Tuesday, driven by predictions of sweltering heat waves across the United States. The...
Stocks Slip as Banking and Tech Sectors Feel the Pinch
Stocks fell from all-time highs, with a slide in banks leading the decline, as investors positioned themselves for the US...
Russia’s State-Owned Uranium Supplier Notifies US Customers of 60-Day Waiver
Russia's state-owned uranium supplier, Tenex, has notified its US customers that they have 60 days to secure a waiver from...
China Considers Proposal to Stabilize Slumping Stock Market
China's securities regulator is considering a package of measures to stabilize the slumping stock market, sources familiar with the matter...
CBN Reveals Stance on Banks’ License Revocation
The Central Bank of Nigeria has quelled the confusion going on in some social media circles regarding the revocation of...
NGX and Meristem Unveil Innovative USSD Platform to Boost Financial Inclusion
In a bid to enhance financial inclusion and expand access to the capital market, the Nigerian Exchange Limited (NGX) and...
The Great Tesla Debate: A Battle of Interests and Ideologies
In the cutthroat world of electric cars, where innovation and disruption reign supreme, a drama of epic proportions is unfolding....
MTN and Airtel suffer losses from their FX exposures
The operations of MTN Nigeria and Airtel Africa have been severely impacted by the country's foreign exchange (forex) volatility, as...
Europe Election Aftermath: EURO Weakens As Macron Calls Legislative Election
In the wake of the European Parliament elections, the euro has fallen to its lowest point in a month, following...
Federal Reserve Maintains Hawkish Stance on Inflation, Signaling Potential Rate Hikes Ahead
The Federal Reserve has reaffirmed its commitment to combating persistently high inflation, indicating a possible continuation of interest rate hikes...
Nigeria’s Petrol Price to Crash to N300/Litre as Local Refining Capacity Surges
The Modular refinery owners in Nigeria have predicted that the price of petrol could drop to around N300/litre once local...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, June 10 2024
As of today, June 10 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
European Union Vote Results Rattle Global Markets, Euro Hits One -Month Low, Stocks Tumble
New York, NY - The global financial markets experienced significant volatility on Monday as the results of the European Union...
NBS says Nigeria Records N6.5 Trillion Trade Surplus in Q1 2024
The National Bureau of Statistics (NBS) has released its foreign trade report for the first quarter of 2024, revealing a...
Nigeria’s Current Account Balance Shows Resilience, Reaches $1.432 Billion In 2024
Despite the prevailing economic downturn in Nigeria, the country's current account balance has demonstrated a remarkable surge, reaching a substantial...
We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.