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China to Increase Imports in 2024, Says Commerce Minister China plans to increase imports this year to share the business opportunities arising from its ultra-large market with the world, Commerce…
Guinness Nigeria Posts N5.2bn Loss as FX Reform Damages Earnings Guinness Nigeria Plc has posted N5.23 billion as a loss after tax due to a strong spike in net finance…
T-Bills Yield Steadies as Money Market Liquidity Sinks The average yield on Nigerian Treasury bills (NTB) steadied at about 6.5% in the secondary market after provoked selloffs driven by uncertainties…
FG to Evacuate Dormant 30MW in Kashimbilla Hydropower Plant The Federal Government (FG) says plans are on to evacuate the dormant 30 Megawatts (MW) in the Kashimbilla hydropower plant to…
Exchange Rates Plunge after CBN Calls Naira Undervalue The Nigerian naira exchange rates across the foreign exchange (FOREX) markets tumbled as the volume of foreign currency supplied was insufficient to…
Nigeria, Morocco Move to Fast-Track $30bn Gas Project The federal government and Moroccan authority are in talks to fast-track Nigeria-Morocco Gas pipeline projects estimated at $30 billion, according to a…
NNPCL $3.3bn Loan to Cost Nigeria $12bn – Atiku Ex-vice president of the Federal Republic of Nigeria Alhaji Abubakar Atiku has asked President Bola Tinubu to explain in a plain…
Naira Weakens Against USD, EUR, GBP The Naira exchange rate faced a setback in the foreign exchange (FX) markets as demand eclipsed total market supply amidst rising import appetite. The…
Tesla Earnings Slump on Price Cut Electric car maker Tesla reported a 39% drop in adjusted net income for the final quarter of 2023, to $2.48 billion, or $0.71 per…
European Union to Invest €18m in Nigeria Vaccine Research The European Union (EU) says it will invest 18 million Euros to fund vaccine research in Nigeria. The Head of the…