Senate pledges legislative support for $1bn Chinese investment
The Senate Committee on Solid Minerals has pledged to provide legislative support to protect Chinese companies intending to invest $1 billion in…
Business
ETranzact reports N5bn pre-tax profit for FY 2024
ETranzact International Plc reported a pre-tax profit of ₦5 billion for the year ended December 31, 2024, representing a 53.2% year-on-year increase…
US begins enforcement of Trump’s 10% tariff, disrupts global trade
United States customs agents on Saturday began enforcing a 10% baseline tariff on imports from various countries, with higher tariffs on goods…
Southeast Asia scrambles to prevent tariff pain by enticing Trump
Southeast Asian countries are choosing diplomacy over confrontation in response to President Donald Trump’s “reciprocal tariffs.” Rather than retaliate, they’re signaling a…
International Breweries records N111.8b loss amid forex woes
International Breweries Plc reported a pre-tax loss of ₦111.8 billion for the year ended 31 December 2024, representing a 14.96% increase from…
China retaliates, hits US with 34% import tariff
China’s Ministry of Finance has announced a 34% tariff on all U.S. imports starting April 10, in response to similar duties implemented…
European stocks extend losses, banks drop 5.8% amid tariff uncertainty
European stock markets continued their downward trend on Friday as investors reacted to the U.S. tariffs announced earlier in the week. The…
NGX rebounds as 2024 dividend declarations spur ₦437bn growth
Dividend announcements for the 2024 financial year by corporate Organisations reversed the downward trend on the Nigerian Exchange, generating a ₦437 billion…
Revenue agencies owe FG N9.3tn unremitted funds – FG
The Nigeria Extractive Industries Transparency Initiative has disclosed that revenue-generating agencies owe the government N9.3 trillion in unremitted liabilities. According to NEITI’s…
Ogun partners Morocco on energy, infrastructure, investment
The Ogun State government has formalized a partnership with the Confederation of General Employers of Morocco through a Memorandum of Understanding aimed…
Bankit Africa introduces gamification to boost financial liiteracy
The Chief Executive Officer of Bankit Africa, Yen Choi, announced that the bank has integrated gamification to enhance financial literacy. In a…
Pizza Hut staff protest over ‘wage theft’, violations
Workers at Pizza Hut outlets across Scotland, operated by the Glenshire Group, have staged protests over alleged “wage theft” and violations of…