Business & Finance
TotalEnergies SE Acquires Gas-Fired Power Plant in UK for £450 Million
London, UK - TotalEnergies SE, a French multinational energy company, has announced the acquisition of a gas-fired power plant in...
Russia’s Oil Revenue Surges 50% in May as Sanctions Adaptation Bears Fruit
Russia's oil revenue has shown a significant increase of almost 50% in May compared to the same period last year,...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, June 5 2024
As of today, June 5 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
CBN Settles N400 Billion Heritage Bank Debt To First Bank
The Central Bank of Nigeria (CBN) has settled the outstanding N400 billion debt owed to First Bank of Nigeria Limited...
Dangote Industries Limited Projected to Exceed $30 Billion by End of 2024
Lagos, Nigeria - Dangote Industries Limited (DIL), the conglomerate founded by African business magnate Aliko Dangote, is poised to surpass...
Huggies Says Goodbye to Nigeria: Kimberly-Clark Corporation Shuts Down Operations
Kimberly-Clark Corporation, the American multinational personal care company, has announced the closure of its Nigerian operations, effective immediately. The decision...
CBN Dismisses Report of Revoking Licenses of Three Banks
The Central Bank of Nigeria (CBN) has refuted reports that it plans to revoke the operating licenses of Unity Bank,...
Philippine Central Bank Pushes Back On Aggressive Rate-Cut Calls
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has rejected calls for aggressive rate cuts, dismissing a forecast made...
Japan’s Finance Minister Defends Currency Intervention, Citing Speculative Excessive Moves
In his first public acknowledgment of the government's record intervention in the currency market, Japan's Finance Minister Shunichi Suzuki defended...
External reserves drop by $1.8 billion in 10 weeks
According to figures from the Central Bank of Nigeria, Nigeria's foreign exchange reserves have declined by $1.8 billion in the...
Dangote Refinery Brings Hope Amid Nigeria’s Economic Challenges
Despite the economic hurdles facing Nigeria, a silver lining emerges in the form of the country’s rich mineral resources and...
Market Mood Swing: Stocks Slip on Weak Manufacturing Data, GameStop Soars
The U.S. stock market experienced a decline today, driven by weaker-than-expected manufacturing data. The ISM Manufacturing PMI Index fell to...
Nigeria’s Economic Growth Hinges On Leveraging National Assets
Ayo Teriba, a prominent economist, has stressed the importance of Nigeria harnessing its national assets to attract foreign exchange inflows...
Spotify Stock Surges as Company Announces US Price Hikes
Spotify's stock price soared as much as 4% in early trading on Monday following the company's announcement of its latest...
Market Snapshot: Bull Market Shows Resilience Despite Rate Hikes
The U.S. stock market has continued its upward trajectory despite higher interest rates. The S&P 500 index, a key benchmark,...
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