An AI African Intelligence Site
U.S Portfolio Holdings of Foreign Securities Slide to $14trn The value of U.S. holdings of foreign securities at year-end 2022 was approximately $14.0 trillion, according to a survey undertaken jointly…
Federal, States, LGs Share N4.37trn in Six Months– NEITI The three tiers of government – the Federal, 36 States and Federal Capital Territory and Local Government Councils (LGs), shared a…
Price Inflation Drags Business Confidence to 9-Year Low In Nigeria, price inflation remains a deal breaker for private sector performance in the month of July, the Stanbic IBTC purchasing manager…
Honeywell Flour Mills Earnings Plunge over Rising Costs Honeywell Flour Mill Plc’s earnings record for the financial year 2023 was battered by foreign exchange losses which drove the company’s finance…
President Bola Ahmed Tinubu has approved the appointment of a new Board and Management team of the Niger Delta Development Commission (NDDC), inclusive of the following Board and Management team…
President Bola Tinubu has approved the appointment of 32-year-old Khalil Suleiman Halilu as the Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI). According to a…
Naira Value Falls Despite Nigeria’s Fresh US Dollar Inflow The Nigerian naira gave up the fight to claw back losses sustained against the dominant US dollar across the foreign exchange…
Equities Investors’ Wealth Rises by N60bn as Seplat Rallies Equities investors’ wealth rose by N60bn on Thursday as late hour buying interest in Seplat Energy Plc upturned intraday selloffs in…
GCR Places FCMB on Negative Watch as Loan Quality Declines The emerging market dominated rating agency, GCR Ratings, has affirmed FCMB Group Plc’s national scale long and short-term issuer ratings…
Brent, WTI Prices Rise on Expected Demand in US Oil prices increased on Thursday over demand optimism in the US, the world’s biggest oil consumer. International benchmark Brent crude traded…