Inflation hits 33.88% in October
Nigeria’s inflation rate surged to 33.88% in October 2024, up from 32.70% in September, according to the Consumer Price Index report released…
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FG revises land compensation framework, pegs cocoa at N160,000/tree
The Federal Government, in collaboration with the World Bank, has revised its compensation framework for land acquisition, setting new compensation rates for…
General Motors to sack 1,000 workers
General Motors Co. is set to cut around 1,000 salaried jobs globally as part of a strategy to streamline operations. The majority…
Samsung plans $7bn stock buyback
Samsung Electronics has announced a plan to buy back 10 trillion won ($7.2 billion) of its shares over the next year, marking…
Promissory Notes debt climbs to N1.65tn in June 2024
The Federal Government’s Promissory Notes debt had risen to N1.65 trillion in June 2024, reflecting a 6.5% increase from March 2024. This…
NPA directs shippers to setup empty containers’ storage
The Nigerian Ports Authority has instructed all shipping companies operating in the country to set up designated holding bays for the storage…
Oil prices fall amid demand concerns in China
Oil prices dropped on Friday, driven by concerns over weak demand in China, the world’s largest crude importer, as its economic recovery…
Sub-Saharan Africa requires global funding – IMF
The International Monetary Fund has stated that countries in sub-Saharan Africa require international funding to address key macroeconomic imbalances in the region.…
Access Bank to acquire Mauritius lender’s majority stake
Access Bank has announced an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius, with total…
FG approves 2025-2027 medium-term expenditure framework
The Federal Government has proposed a budget of N47.9 trillion for the 2025 fiscal year. This was disclosed by the Minister of…
NNPC hits 1.8mbpd in crude output, eye 2mbpd by Dec
The Nigerian National Petroleum Company Limited has announced it has successfully ramped up crude oil and gas production to 1.8 million barrel…
Copper prices drop below $9,000
Copper prices fell below $9,000 per ton, marking their lowest level in two months, as the U.S. dollar continued to strengthen following…