Transcorp Power Plc recently reported that by December 2024, it intends to boost its power-generating capacity from 550 to 740 megawatts.The power company's MD/CEO, Mr Peter Ikenga, revealed this duri...
The International Monetary Fund (IMF) has projected that global economic growth will continue upward, leading to declining inflation rates in 2024 and 2025.This projection from the body comes after a ...
The Nigerian Stock Market closed its eighth consecutive loss with an N57 billion win, which can be attributed to investors' demand for FBN Holdings (FBNH) Plc and 16 others.The NGX All-Share Index (AS...
It has been reported that the naira noticed a significant shift against the United States dollar at the official market on Wednesday, following a slight depreciation on Tuesday.The naira closed Wednes...
Bloomberg reported that the biggest search engine has laid off over 20 employees in response to their opposition to Google's $1.2 billion contract to supply cloud and AI services to the Israeli govern...
On Thursday, the Minister of Finance, Wale Edun, stated that the fiscal authority is complementing the efforts of the Central Bank to ensure the stability of the economy through the issuance of N8 tri...
According to data from the FMDQ Securities Exchange, the Central Bank of Nigeria (CBN) invested $581 million in foreign exchange interventions at the Nigerian Autonomous Foreign Exchange Market this y...
Bloomberg reported on Thursday that Dangote Refinery has been shipping products as it prepares two units for petrol (petrol) output, which will transform the fuel market in Nigeria and the surrounding...
The International Monetary Fund recently released statistics showing that Nigeria's economy, the largest in Africa in 2022, is projected to drop to fourth place this year due to a series of currency d...
First Bank of Nigeria Holdings (FBNH) recently appointed Mr. Olusegun Alebiosu as its acting CEO.The announcement was made public on Sunday evening after the bank confirmed Alebiosu's appointment in a...