US, China demand raises German exports
German exports experienced a much larger increase than anticipated in February, largely driven by the high demand from China and the United States. This marked the most significant increase in…
Kenya to launch first observation satellite by April 10
The Kenyan government announced on Monday that the country will launch its first operational satellite next week Monday. According to a report by AFP, the satellite, named Taifa-1 or Nation-1…
UFC owner to acquire World Wrestling Entertainment
The owner of Ultimate Fighting Championship, Endeavor Group Holdings, said on Monday that it would acquire World Wrestling Entertainment. According to Reuters, the deal is worth $9.3 billion. The deal…
Leadway becomes first insurance firm to hit over N104.4bn
Bisola David Leadway is the first insurance business in Nigeria to receive N104.4 billion in total premiums. According to ThisDay, this was achieved with N92.5 billion in Gross Written Premium,…
International Breweries, UAC, 12 others announce N38.77bn loss in 2022
International Breweries Plc, UAC of Nigeria Plc, Ikeja Hotel Plc, and 11 other companies listed on the Nigerian Exchange Limited have declared a loss of N38.77 billion in the 2022…
Europe’s top cinema, Cineworld halts plans to sell US, UK, Ireland businesses
A leading cinema group in Europe, Cineworld Group has announced that it will stop the sales process for its businesses in the United States, United Kingdom, and Ireland because it…
Oil prices surge as OPEC+ cuts output
The Organisation of Petroleum Exporting Countries has announced a surprise decision to cut production further, which caused oil prices to surge on Monday. Brent crude rose by 5.5% to $84.26…
Nigeria’s external reserves declined by $1.46bn in two months
The Central Bank of Nigeria has revealed the country’s external reserves decreased by $1.46bn between January and March. The reserves amounted to $36.67 billion by February 27, 2023. The data…
Forex scarcity: Jet fuel, airline fares increase, says aviation consultant
The continuous increase in airfares has been attributed to the rising cost of aviation fuel and the scarcity of foreign exchange in the country. According to The Punch the current…
How Free Trade Zone generated N35.1bn in 2021 – NEPZA
The Nigeria Export Processing Zones Authority has reported that the Free Trade Zones scheme brought in a total of N35.1 billion in customs duties for the government in 2021. According…
How Lekki Seaport will create 170,000 jobs – FG
The Lekki multi-purpose seaport, according to the Federal Government, is anticipated to create more than 170,000 direct and indirect jobs for Nigerians upon completion. According to Nairametrics, the managing director of…
Nigeria to host fourth Intra-Africa Trade 2025
By Christian George Nigeria has been selected to host the fourth intra-African trade fair billed for 2025. This will allow the continent's most populous nation to create a platform…
