Business
Business news…
Gold Hits All-Time High Amid Geopolitical Tensions and Rate Cut Bets
The price of gold surged to an all-time high on Monday. Gold futures for April delivery rose by 1.4 percent to reach an impressive $2,125.65 per ounce, while spot gold settled at a record $2,126.30 per ounce, marking a 0.5 … Continue Reading
Nigeria Vows to Boost Investor Confidence and Combat Corruption: President tinubu’s Assurances at Nigeria-Qatar Business Forum
President Bola Tinubu delivered a resounding message of commitment to international investors at the Nigeria-Qatar Business and Investment Forum held in Doha on Sunday.
Assuring the global business community of Nigeria’s readiness for serious business, President Tinubu pledged decisive … Continue Reading
Nyesom Wike to Commission Africa’s Largest Water Park in Abuja
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has announced plans to commission Africa’s largest Water Park in Abuja, Nigeria’s capital.
The declaration came during a courtesy visit from Sunrise Estate Developers and the Nadeem Group, who extended … Continue Reading
Air peace Announces N1.2m for London Flight
Air Peace has announced on Wednesday that it would charge N1.2 million and N4 million respectively on its for Economy and Business classes to London, effective March 30.
The announcement was made in a statement by the airline’s Corporate Communications … Continue Reading
Rising Dollar Rate: CBN Sells $86 Million in Spot FX Market, Marks First Sale in 5 Months
The Central Bank of Nigeria (CBN) has executed its first sale of dollars in the spot FX market since September 2023.
The move, aimed at addressing the currency’s volatility, saw the CBN selling up to $86 million on Tuesday.… Continue Reading
Indian Investors Granted Approval to Invest $25 Million in Nigerian Economy
Landmark Move Expected to Redefine Nigeria’s Financial Landscape
Indian investors have been given the green light to inject $25 million into the Nigerian economy.
The announcement was made by Shri Chandramouli Kumar Kern, the India Consul General to Nigeria, … Continue Reading
Beyond Being a Trailblazing Telecom Brand: 5 Reasons Globacom Stands Out Among Others
Yes, the history of telecommunications in Nigeria cannot be complete without mentioning the trailblazing exploits of Chief Mike Adenuga’s Globacom.
Since its establishment in 2003, Globacom has achieved the “impossible”, from the introduction of the per-second billing to … Continue Reading
Dangote Refinery Eyes US Crude Imports Amid Growing Global Competitiveness
Dangote Refinery is set to venture into crude oil imports from the United States in the coming months, signaling a notable shift in the global market dynamics.
Reports from Bloomberg indicate that Trafigura Group has secured a deal to supply … Continue Reading
Shell to Divest Nigerian Onshore Oil Assets in $1.3 Billion Deal
Shell Plc has officially announced an agreement to sell its onshore oil assets in Nigeria to a local consortium for a sum exceeding $1.3 billion, pending government approval.
Zoe Yujnovich, Shell’s Integrated Gas and Upstream Director, confirmed the deal’s significance … Continue Reading
Nigeria Unbans Crypto, Yellow Card Exchange Seeks Licensing
In a circular dated December 22, 2023, Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has unbanned crypto transactions in banks operating in the West African country, prompting the Pan-African trading firm, Yellow Card Exchange to seek Nigerian licensing.… Continue Reading