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…
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…
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…
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…
Seplat hands FG required documents in CEO’s immigration suit
An energy company, Seplat, stated on Thursday that it has provided the necessary documents concerning its CEO, Roger Brown, to the Nigerian Government. This statement came after news had emerged…
Uk recorded zero economic growth in February – Report
The UK economy did not grow in February despite experiencing an economic growth surge of 0.4% in January. According to BBC, the Office for National Statistics said that growth…
China’s exports hits unexpected inrease first time in six months
China's exports saw an unexpected increase in March, rising 14.8% from that of 2022 after close to six months of declines. This surprised economists who had predicted a 7.0% fall.…
Sahara Group rebrands to promote energy access
A driver of sustainable energy, Sahara Group Foundation, which is the social sustainability arm of the Sahara Group, a company that deals with energy and infrastructure, has revealed its updated…
NAFDAC, UK negotiate bilateral agreement for Nigerian products
The National Agency for Food and Drug Administration and Control revealed that it is working on a bilateral deal with the UK Government which would enable easier exports of Nigerian…
Demand for banknotes lowest in 20 years – De La Rue
A British security printing and papermaking company, De La Rue, has said that there has been a significant decrease in global demand for banknotes, the lowest in the last 20…
Dollar drops as inflation falls behind projection
The value of the dollar fell sharply on Wednesday after data indicated that the increase in U.S. consumer prices in March was lower than projection. According to CNBC, this development…
Twitter cuts workforce to 1500 – Elon Musk
The CEO of Twitter, Elon Musk stated that the social media company is "roughly breaking even" in term of revenue having cut employees to 1500. He said this during an…
