Business

AfDB Approves $500m Loan To Nigeria For Energy Transition, Economic Governance

AfDB has approved $500m loan to Nigeria for energy transition, economic governance and infrastructure upgrades, supporting universal access to modern…

2 months ago

Afrinvest Report: Nigerian Banks Need N4.1tn To Bridge Funding Gap

Afrinvest report has revealed that Nigerian banks need N4.1 trillion to meet new capital requirements and achieve a $1 trillion…

2 months ago

Volkswagen Warns Of Prolonged Cost-Cutting Period As Q2 Profit Falls

EXCERPT: CFO Antlitz has vowed to make significant cost-cutting efforts to achieve goals beyond 2024 as Volkswagen's Q2 operating profit…

2 months ago

EKEDC Experiences Prepaid Meter Platform Downtime, Customers Unable To Recharge

EKEDC has experienced prepaid meter platform downtime with customers unable to recharge, as technical teams work frantically to resolve it.

2 months ago

Windfall Tax: Bankers Meet Tinubu, Seek Clarification

"We want prosperity democratised," said UBA's Elumelu. "We're confident of government's support for economic growth," said FCMB's Balogun.

2 months ago

Bismarck Rewane: Government Failure Has Led Niger Deltans to Seek Self-Compensation

"The part of the country that produces oil is the most backward area in the country,"

2 months ago

Japan Orders Toyota to Make ‘Drastic Reforms’ Amid New Certification Violations

Toyota has faced government order for "drastic reforms" amid new certification violations, affecting seven models, including RAV4 and Lexus LM…

2 months ago

Samsung’s Q2 Profit Soars 15-Fold On AI-Driven Memory Chip Demand

Samsung's Q2 operating profit has surged by 15-fold to $7.5 billion, driven by strong demand for memory chips.

2 months ago

China’s Manufacturing Activity Hits Five-Month Low Amid Weak Demand

China's manufacturing PMI fell to 49.4 in July, indicating continued contraction due to weak demand and low prices.

2 months ago

Bank of Japan Surprises Markets with Rate Hike, Bond Buying Reduction Plan

The Bank of Japan has raised rates and halved bond purchases, signaling a shift from a decade of stimulus.

2 months ago