Transnet Secures $283.53 Million Loan from BRICS New Development Bank
The New Development Bank (NDB) formed by the BRICS bloc of emerging economies has awarded Transnet, South Africa's national railway, ...
Tag: Finance
Central Bank of Nigeria Warns of Increasing Financial Pressures on Nigerians
According to a recent report issued by the Central Bank of Nigeria (CBN), a rising monetary distress has been warned ...
US Crude Oil Prices Dip Below $77 Amid Libyan Production Halt
U.S. crude oil futures are less than $77 per barrel on Tuesday, after a spike caused by Libya's blocks in ...
Binance CEO Calls Out Nigeria’s ‘Baseless’ Claims
The CEO of Binance, Richard Teng, has once again appealed to the Nigerian government to release a detained Binance executive. ...
Nigeria’s Federal Government Records N13.50 Trillion Fiscal Deficit in 2023
In 2023, Nigeria's federal government faced a huge fiscal deficit of N13.50 trillion, as confirmed by a BudgIT statement. The ...
Nigerian Stocks Experience 1.2% Decline Amidst Higher Sell Pressure
Last week, the Nigerian stock market declined by 1.2% due to increased selling pressure, which resulted in decreased share values. ...
Eritrea: Ex-Finance Minister Passes Away in Jail
A former Eritrean finance minister and one of the fiercest critic of the country's president, Berhane Abrehe has died in ...
Starbucks CEO’s $100M Package Sparks Controversy
Starbucks, the largest coffee chain in the world, has provided a lucrative package for Brian Niccol, its newly appointed CEO, ...
NDPC Fines Fidelity Bank N555.8 million For Data Breach
Fidelity Bank was fined N555.8 million by the National Data Protection Commission for violations involving breaches of its clients' data. ...
FX Spot Rate Stability Boosts Financial Stock Performance on NGX
The Financial services industry is the leading performer in the equities sector of the Nigerian Stock Exchange (NGX), having accounted ...
Union Bank Records 138% Profit Growth In 2023 Despite N226 Billion Net FX Loss
Union Bank of Nigeria, the country's second-oldest bank, has reported 138% increase in pre-tax profit for the financial year 2023, ...
Nigeria’s Inflation Rate Decline To 33.4% In July
In July 2024, Nigeria’s inflation rate has been reported to have decreased to 33.40%. This marks the first decline in ...
GTB Staff Opens Up On Hackers Stealing Customers’ Data
One of Nigeria’s foremost commercial bank, Guaranty Trust Bank (GTBank), has debunked the reports of its website being hijacked by ...
The NFT Revolution: A Game-Changer for Brands and Consumers Alike
An all-new phenomenon has emerged within the realm of digital promoting that has revolutionized our understanding of possession, worthiness, and ...
NGX Leadership Threatened by Currency Devaluation
Nigerian Exchange Limited (NGX) has faced challenges as a result of the naira’s significant devaluation, impacting its position as Africa’s ...
