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…
Why Nigerian capital market operators must embrace technology – SEC
The Securities and Exchange Commission stated that the goal of encouraging capital market operators to develop technology is to increase the appeal of the capital market to young people. They…
DMO to auctions N360bn FG bond Monday
The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that the DMO Federal Government of Nigeria Bonds valued…
US agency to restart sale of defunct Silicon Valley Bank
The United States Federal Deposit Insurance Corp is preparing to restart the sale procedure of Silicon Valley Bank after the most recent auction was unsuccessful in attracting any buyers. Reuters…
FG increases fuel supply to avoid price hike
The Federal Government has increased the supply of Premium Motor Spirit, often known as petrol, to independent oil marketers through its Nigerian National Petroleum Corporation Limited in an effort…
First Citizens considers acquiring Silicon Valley Bank
First Citizens BancShares Inc is considering the acquisition of the Silicon Valley Bank that was closed down by the United State regulators on March 10, 2023, owing to several factors…
Unity Bank appoints Bashir, Obasanjo’s daughter chairman, director
Mr. Hafiz Mohammed Bashir has been chosen by Unity Bank Plc as the board of directors acting chairman. The board also named Halima Babangida and Iyabo Obasanjo as non-executive directors.…
FG to provide subsidies for solar power developers
The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to developers of mini-grids powered by solar energy. The aim is to install these mini-grids at…
Georgia, UAE reach free-trade agreement after three rounds of meetings
In an effort to strengthen their economic connections, the UAE and Georgia have reached an agreement on a new trade deal that will lower tariffs and remove other barriers. Arab…
Meta launches paid IG, Facebook blue tick in US
Meta has on Friday announced the launch of its subscription service in the United States. The service will allow Facebook and Instagram users to pay for verification and obtain a…
MTN to merge Momo, Yello financial subsidiaries
Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries - Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. The Punch reported that this was…
SVB Financial seeks bankruptcy protection
SVB Financial Group has on Friday filed for Chapter 11 bankruptcy protection in order to reorganize and find potential buyers for its assets. This decision comes after its former subsidiary,…
