Business

Dana Air: Issues Raised by NCAA Remain Unresolved Despite 2022 Suspension 

Dana Air's grounding after runway incident highlights unresolved issues raised by aviation authority despite previous suspension.

5 months ago

Meta Loses Nearly $200bn As Stocks Plunge By 15.5% Following Higher Expense Projections

Meta's Zuckerberg says its focus on AI will increase the company’s spending significantly.

5 months ago

Africa’s Economic Potential, Future Growth Compromised By ‘Opaque’ $824bn Debt, Says Adesina

AfDB President Akimwunmi Adesina has revealed that Africa will be paying $74 billion in debt service this year alone.

5 months ago

Naira Continues To Dip, Now N1,308/$ On Official Market, N1,300/$ On Parallel Market

The naira has continued its recent downward trend as it depreciated to close at N1,308/$ on the official market.

5 months ago

Strong Demand For Nigeria’s Treasury Bills Sees Oversubscription Of 254.23%, Total Subscription Hits N531 Billion

The Nigerian Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) on Wednesday recorded an oversubscription of 254.23…

5 months ago

Nigeria’s e-Payment Transactions Soar To N234 Trillion In Q1 2024, Reflecting 89.3% Year-on-Year Growth

Electronic payment transactions in Nigeria witnessed a remarkable surge in the first quarter of 2024.

5 months ago

Naira Dips Further, Now N1,300/$ On Official Market, N1,270/$ On Parallel Market

The naira has, despite its recent bounce back, continued to weaken, closing at N1,300/$ on the official market on Tuesday.

5 months ago

CBN Approves Sale Of Additional FX To BDCs At N1,021/$1 To Bolster Naira

Finance Minister Edun and CBN Governor Cardoso will lead a meeting on Wednesday to discuss how to strengthen the naira.

5 months ago

NNPC, Newcross Exploration Anticipate Output Surge As Oil Production At Awoba Field Resumes

NNPC and Newcross Exploration are aiming to enhance Nigeria’s hydrocarbon output and help meet OPEC production quotas.

5 months ago

Congo Suspends Licence Of Chinese-Owned Mining Operation Due To High Radiation Levels

Congo mines ministry halts shipments of copper and cobalt by a primarily Chinese-owned mining group over high radiation levels.

5 months ago