Shell hits record $40bn profit in 2022
115-year-old oil and gas company, Shell has revealed a tremendous earning record of $39.9 billion (£32.2 billion) for 2022, the highest so far. After the rise in energy costs last…
New naira: CBN orders over-the-counter payments
Bisola David Deposit money banks are now allowed to start issuing the newly designed Naira notes over the counter, subject to a daily payout cap of N20,000 set by the…
Bank of England peaks borrowing cost to 4%
Christian George The Bank of England has again raised borrowing costs for the 10th time in a row up to four per cent on Thursday. This was made known a…
Fuel scarcity: NNPC releases 67m litres to merchants
The delivery of over 67 million liters of Premium Motor Spirit, also known as petrol, to merchants has eliminated all gas lines in various parts of Abuja, Niger, and Nasarawa.…
TUC kicks against ban on aviation workers’ strike
Oluwanifemi Ojo The Trade Union Congress has vowed not to yield to the Federal Government’s plan to stop aviation staff from industrial actions like strike. According to The Punch,…
King Charles won’t Appear on Australia’s New $5 Note
Juliet Buna The Reserve bank of Australia has announced that King Charles III will not feature on Australia’s new five dollar note but rather a new design that honors…
World Bank funds Africa renewable energy project with $311m
Oluwanifemi Ojo The World Bank has signed an agreement with four African countries, Chad, Liberia, Sierra Leone, and Togo, worth $311 to fund renewable energy projects. The new Regional…
Australia removes Queen Elizabeth from new $5 banknote
Bisola David The late Queen Elizabeth II's image on Australia's $5 note will be removed off its currency, the country's central bank announced on Thursday, and will be replaced…
Moody’s rating downgrades nine Nigerian banks
A global rating agency, Moody's Investors Service, downgraded nine Nigerian banks after an assessment of Nigerian banks on Tuesday. According to Daily Trust, Access Bank Plc, Zenith Bank Plc, First…
ICPC storms banks to monitor cash disbursement
Oluwanifemi Ojo The Independent Corrupt Practices and Other Joint Task Force have begun monitoring the cash disbursement exercise as they visited two banks in Bauchi State on Tuesday. According to…
Kuda bank allays customers fears amid operation glitch
Online banking institution, Kuda Bank has allayed the fears of its customers who have been unable to access their funds since Tuesday due to glitches on its platform. The…
White House slashes credit card fees, app charges
Oluwanifemi Ojo The Executive Office of the President of the United States has announced its plans to reduce charges on credit card late fees and slash the prices charged…
