Economy - Page 4

African Energy Bank In Final Stage Before Kick-Off — Lokpobiri

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that preparations for the launch of the African Energy Bank (AEB) have entered their final phase. AEB, a newly established financial institution created to support energy development across Africa, seeks

May 19, 2025

Economy·News

Air Peace Cancels Flights Nationwide As NiMET Workers’ Strike Bites

Flight activities, including those of Air Peace, are being disrupted at local airports as workers of the Nigerian Meteorological Agency (NiMET) stage protests over poor working conditions. The strike, which has lingered into day 2, sees passengers on scheduled local flights stranded

by News Editor

April 24, 2025

Economy·News

Crypto Investment Scams Accounted For $5.8b Fraud Losses In 2024 — FBI

The Federal Bureau of Investigation (FBI) has revealed that investment scams accounted for $5.8 billion, more than 50% of all reported crypto losses in 2024. The report from the FBI’s Internet Crime Complaint Center (IC3), which highlights the alarming findings on the

by News Editor

April 24, 2025

Economy·News

Carbon Market Policy To Unlock $2.5bn Investments By 2030 — Tinubu

President Bola Tinubu has announced that Nigeria’s newly finalised Carbon Market Activation Policy will unlock up to $2.5 billion in high-integrity carbon credits and associated investments by the year 2030. Tinubu disclosed this on Wednesday in a statement signed by his Special

by News Editor

April 24, 2025

Economy·News

Nokia Reports $68 Million Euro Loss In Net Profit Q1

On Thursday, Finnish telecoms equipment maker Nokia reported a $68 million euro loss in net profit for the first quarter, citing the tariff wars and “rapidly evolving global trade landscape”. The company said tariffs imposed by the United States could result in

by News Editor

April 24, 2025

Economy

European Car Sales Rise In March

Battery electric vehicle sales in Europe rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA). Total new car sales in Europe rose 2.8% in the month, boosted by double-digit jumps in Britain and Spain, as EV

by News Editor

April 24, 2025

Economy·News·Politics

Musk To Reduce White House Role As Tesla Profits Plunge

Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday, as the electric vehicle maker reported a 71 per cent drop in first-quarter profits. “Probably in the next month, my time allocation

by News Editor

April 23, 2025

Economy·News

Customs Generates ₦1.75tn Revenue Q1 2025

The Nigeria Customs Service (NCS) said that the service collected N1.75 trillion in revenue in the first quarter of the year (Q1 2025). According to the Comptroller General, Bashir Adeniyi, the revenue of the service exceeded its quarterly target by N106.5 billion,

by News Editor

April 23, 2025

Economy·News

EU Slaps Over 700 Million Euro Fines On Apple, Meta

The EU on Wednesday slapped Apple and Meta with 700 million euros in fines for breaking digital competition rules, risking the wrath of US President Donald Trump. The penalties threaten to cause more tension in the already fraught relationship between the bloc

by News Editor

April 23, 2025

Economy·News

Intel To Lay Off Over 21,000 Employees

Intel Corp., a chipmaker, is set to cut more than 20% of its staff this week, representing over 21,000 employees. A report by Bloomberg, citing a person with knowledge of the matter, said the move comes less than a year after Intel

by News Editor

April 23, 2025

Economy·News

Currency in Circulation Drops To N5tn In March 2025 — CBN

Nigeria’s currency in circulation dropped to N5 trillion in March 2025, according to the latest data from the Central Bank of Nigeria (CBN). Currency in circulation refers to the total amount of cash — coins and paper currency — that has been

by News Editor

April 22, 2025

Economy·News

World Finance Leaders Meet In Washington Amid Trade Negotiations

Finance leaders from around the world are gathering in Washington this week for the semi-annual meetings of the International Monetary Fund (IMF) and World Bank Group. This year’s discussions are expected to be dominated by one pressing issue: tariffs. On April 2,

by News Editor

April 22, 2025

Economy·News

Klaus Schwab Steps Down As Chair of WEF After Over 50 Years

Klaus Schwab, the influential founder of the World Economic Forum (WEF), has officially resigned as Chair of its Board of Trustees, marking the end of an era for the institution he built into one of the most powerful gatherings of global business

by News Editor

April 22, 2025

Economy·News

FG Targets 4,000MW Grid Expansion By 2026, Says Adelabu

The Federal Government is set to boost Nigeria’s grid capacity by an additional 4,000 megawatts (MW) by the end of 2026. A statement by Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Adebayo Adelabu, disclosed

by News Editor

April 21, 2025

Economy·News

Paris Club Refund: CBN Governor, Legal Director Face N220m Contempt Suit

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, are facing contempt proceedings for allegedly failing to comply with a Supreme Court Judgement that reversed the forfeiture of N1.22 billion and N220

by News Editor

April 19, 2025

Economy·News·Politics

Reps Warn as SEC Denies CBEX Registration, Vows Crackdown on Fraudsters

The Securities and Exchange Commission (SEC) has declared that Crypto Bridge Exchange (CBEX) was never registered to operate as a digital assets exchange in Nigeria. The commission, in a circular dated April 17, 2025 said CBEX and its affiliates, trading under names

by News Editor

April 18, 2025

Previous 1 2 3 4 5 6 … 19 Next

Economy - Page 4

African Energy Bank In Final Stage Before Kick-Off — Lokpobiri

Air Peace Cancels Flights Nationwide As NiMET Workers’ Strike Bites

Crypto Investment Scams Accounted For $5.8b Fraud Losses In 2024 — FBI

Carbon Market Policy To Unlock $2.5bn Investments By 2030 — Tinubu

Nokia Reports $68 Million Euro Loss In Net Profit Q1

European Car Sales Rise In March

Musk To Reduce White House Role As Tesla Profits Plunge

Customs Generates ₦1.75tn Revenue Q1 2025

EU Slaps Over 700 Million Euro Fines On Apple, Meta

Intel To Lay Off Over 21,000 Employees

Currency in Circulation Drops To N5tn In March 2025 — CBN

World Finance Leaders Meet In Washington Amid Trade Negotiations

Klaus Schwab Steps Down As Chair of WEF After Over 50 Years

FG Targets 4,000MW Grid Expansion By 2026, Says Adelabu

Paris Club Refund: CBN Governor, Legal Director Face N220m Contempt Suit

Reps Warn as SEC Denies CBEX Registration, Vows Crackdown on Fraudsters

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