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Samsung warns global RAM chip shortage could last

  • 31st July 2026

Spain deploys military to Ceuta as migrant surge

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MTN posts record N1.09tn H1 profit before tax

  • 31st July 2026

Naira hits N1,834 against British pound

  • 31st July 2026

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Nike's sneaker frenzy drives revenue beyond expectations
News

Nike’s sneaker frenzy drives revenue beyond expectations

Nike Inc’s third-quarter revenue has beaten analysts’ expectations, driven by the strong demand for its iconic sneakers like the Jordan Retro in North America and Europe. The world’s largest sportswear maker’s shares rose by approximately 5% in extended trading following the news. Nike’s success can be attributed to its highly successful franchises such as Jordan […]

Silicon Valley Bank
Business

SVB Group accuses regulators of cash disconnect

Silicon Valley Bank Financial Group has accused the U.S. Federal Deposit Insurance Corporation of taking inappropriate measures to disconnect it from the cash stored at its former subsidiary, Silicon Valley Bank. This subsidiary was seized by regulators to prevent a nationwide bank run. Reuters reported that the company made these allegations in court documents before […]

Lebanon to sell unlimited US dollars to save crashing pound
News

Lebanon to sell unlimited US dollars to save crashing pound

Lebanon’s central bank governor, Riad Salameh has announced that the bank will sell unlimited amounts of U.S. dollars to counter the escalating devaluation of the Lebanese pound. Salameh fixed a new rate of 90,000 Lebanese pounds per dollar on the central bank’s exchange platform, Sayrafa, up from 70,000 on March 1. However, the pound’s parallel […]

Energy

Global renewable energy hits 9.6% increase in 2022

The total amount of renewable energy capacity worldwide reached 3372 gigawatts, representing an increase of 295 gigawatts or 9.6 per cent at the end of 2022. A noteworthy 83 percent of the entire power capacity added last year was generated by renewable sources. Renewable energy has continued to grow at a remarkable pace  indicating a […]

Logo and the photo of the Central Bank of Nigeria's building
Business featured

CBN raises Monetary Policy Rate to 18%

The Central Bank of Nigeria has announced an increase in its Monetary Policy rate to 18 per cent. This was during its its 290th Monetary Policy Committee Press Briefing by the Governor, CBN, Mr. Godwin Emefiele. The Monetary Policy Committee of the Central Bank of Nigeria votes to raise Monitory Policy Rate  by 50 basis […]

Only four Nigeria states attract foreign investment in Q4 - Report
Agribusiness Oil and Gas

How Nigeria spent N6.7trn on agric imports in five years – NBS

Figures from the National Bureau of Statistic shows that Nigeria spent N6.7 trillion in total over five years on the importation of agricultural goods. According to Nairametrics, this amounts to 7.6% of the N89.2 trillion in imports that were documented over the previous five years. Although government policies toward agriculture have changed throughout the years, […]

Bola Ahmed Tinubu
Economy

Experts urge Tinubu to encourage local production to mitigate importation

Bola Wilson Adekumola   Financial experts have called on the President-elect, Asiwaju Bola Tinubu, to adopt policies that will enhance the local production to mitigate importation into the country.   The experts made this disclosure in separate interviews with the News Agency of Nigeria on Tuesday in Lagos.   The former President of the Chartered […]

Oil Theft: Nigeria loses $150m every two days
Business

US oil prices drop amidst banking crises

Prices of oil in the United States declined on Tuesday due to the persistent banking crisis causing the oil market’s confidence to remain low. Reuters reported that Brent crude futures for May, 2023 delivery fell 1% or 71 cents to $73.08 per barrel, while U.S. West Texas Intermediate crude futures dropped 1.1% or 74 cents […]

Group backs sale of NNPC
Business featured

Experts frown as NNPCL appoints expatriate subsidiary head

Experts and operators have raised concerns and frowned on the appointment of Jean-Marc Cordier to lead the oil trading arm of the Nigerian National Petroleum Company Limited. The Punch reported that the appointment of Cordier to lead NNPC Trading Ltd, a subsidiary of NNPCL, was announced in a statement released in Abuja by the company’s […]

Poultry Farm
Business

Nigeria’s poultry industry may collapse by May – Operators

Operators in the Nigeria’s poultry sector and businesses have on Monday warned that the poultry industry may collapse before the end of May following the prolonged scarcity of Naira in the country. The Punch gathered that eggs were not being sold owing to the inability of consumers to purchase with cash. According to the report, […]

United Nations Secretary
Business

UN urges rich nations to cut down emission

United Nations Secretary General, Antonio Guterres, has on Monday urged developed nations to cut down on emissions  stating that the “climate time bomb is ticking. ” According to Reuters, the plea was made after a new assessment from experts revealed that there was little time to lose in tackling climate change. The Secretary said, “The […]

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