Business
Business news…
Transcorp Power Plc Targets Over N500 Billion Annual Revenue Growth by 2031
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has set ambitious targets for its future growth trajectory. The company, which recently listed its shares on the Main Board of the Nigerian Exchange (NGX), aims to … Continue Reading
Jeff Bezos Beats Elon Musk, Reclaims Title as World’s Richest Person with $200 Billion Net Worth
Amazon founder Jeff Bezos has ascended once again to the coveted position of the world’s wealthiest individual. According to the latest data from the Bloomberg Billionaires Index, Bezos boasts a staggering net worth of $200 billion, solidifying his status as … Continue Reading
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