Blog

China's National Flag
Business

China’s home prices hit highest in March 

An official data released on Saturday showed that new home prices in China rose at the fastest pace in 21 months in March, indicating that the housing market is picking up due to a series of supportive policies. However, there is some uncertainty about the sustainability of this growth momentum. According to Reuters’ calculations based […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Economy

GDP growth in Sub-Saharan Africa to drop in 2023 – IMF

With a worldwide recovery, the International Monetary Fund has reported that growth in sub-Saharan Africa is anticipated to drop to 3.6 percent before bouncing back to 4.2 percent in 2024. They further stated that both domestic and international borrowing costs for SSA nations have increased due to the rapid tightening of global monetary policy. Director […]

Minister of Economy, Trade and Industry of Japan
Business featured

G7 to finance climate action in developing countries 

Japan’s economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries reduce emissions, including financing decarbonisation in “hard-to-abate” industries. Reuters reported that the G7 ministers are meeting in Sapporo on Saturday and Sunday for climate and energy talks. Meanwhile, Nishimura emphasized that it is […]

MTN, Apple Music offer free subscription to Nigerians
News

MTN, Apple Music offer free subscription to Nigerians

MTN Nigeria, the country’s leading telecom services provider, has teamed with the US-based digital music platform, Apple Music, to provide free access to a premium selection of songs as part of efforts to ensure consumers can enjoy excellent entertainment on the move. Customers of MTN who sign up for the service will have access to […]

TotalEnergies to invest $6bn in Nigeria's Deepwater
Appointments

Bunmi Popoola-Mordi appointed Executive Director of TotalEnergies

TotalEnergies Marketing Nigeria Plc’s Board of Directors has approved the appointment of Mrs Bunmi Popoola-Mordi to its Board of Directors as an Executive Director. This information was made available via the company’s notice to the Nigerian Exchange Limited. Bunmi is a law graduate and a member of the Nigerian Bar Association, as well as a Fellow of the […]

SEC closes down firm over illegal investments
News

Redesigned e-dividend platform to launch July 31st – SEC

Nigeria’s Securities and Exchange Commission announced the revised electronic Dividend Mandate Management System, which would go live on July 31st. This information was provided by the Director-General of the SEC, Mr. Lamido Yuguda, on Thursday in Abuja at the first quarter post-Capital Market Committee media conference. The Inter-Bank Settlement System’s Document Management System can complete […]

The Black, Red and Yellow Germany's National flag
Business

Germany narrowly escapes recession in Q1 2023 – Report

Germany’s economy ministry on Friday published that the country is expected to narrowly escape recession and achieve modest growth in the first quarter of the year. According to the ministry’s report accessed by Reuters, “A technical recession of two negative quarters in a row appears to have been averted.” The report also revealed that current […]

Elon Musk discloses plans for self-driving cars
Uncategorized

Tesla cuts EV prices in Europe, others

Tesla has reduced the prices of its electric vehicles in Europe, Israel, and Singapore, which has sparked concerns about its industry-leading profit margin. According to Reuters, the move is part of the global discount drive it started in China in January to boost demand. Despite offering discounts in countries like the United States, China, Japan, […]

Russia's FESCO imports electronics from Hong Kong via air
News

Russia’s FESCO imports electronics from Hong Kong via air

Russian transportation group, FESCO, has established a direct air route to import electronic goods from Hong Kong to Moscow, as Russian businesses seek to reduce their dependence on Western supply chains. The move comes after the West imposed restrictions on technology exports to Russia following the country’s military incursion into Ukraine last year, causing several […]

Monarchs begs CBN to extend old naira deadline
Business

CBN debunks viral recruitment advert

The Central Bank of Nigeria has debunked the news that has gone viral, stating the bank is currently carrying out its recruitment exercise.  This announcement about the fake information was in a statement released by the bank on its verified Twitter account. It was titled, “CBN disown Fake Recruitment Portal” The statement reads, ” The […]

Ethereum records 267,000 new wallet creations, breaks record
Crypto

Ethereum upgrade delays crypto withdrawals worth over $1bn

Investors in cryptocurrency are experiencing delays in withdrawing funds they deposited on the Ethereum blockchain after a major software upgrade known as “Shapella.” This highlights ongoing challenges for Ethereum as it aims to become widely used for instant payments. Over $30 billion worth of ether, the second largest cryptocurrency, was expected to be unlocked by […]

FG begins payment of airlines' trapped funds - NANTA
Aviation

FG begins payment of airlines’ trapped funds – NANTA

The National Association of Nigerian Travel Agencies has announced that the Federal Government has gradually started paying trapped funds of foreign airlines in the country through the Central Bank of Nigeria. According to Nairametrics, this was revealed to journalists on Wednesday in Lagos by the NANTA President, Susan Akporiaye. Although she was unable to provide specifics […]