CBN FINES OPAY, MONIEPOINT N1 BILLION EACH FOR REGULATORY MISCONDUCT
The Central Bank of Nigeria (CBN) has imposed a fine of N1 billion each on Opay and Moniepoint for regulatory...
Business
NAIRA RISES, EXCHANGE RATE NOW 1 USD = 1,560 NGN
The Nigerian Naira has strengthened against the US Dollar, with the current exchange rate standing at 1 USD = 1,560...
America’s biggest private company is laying off thousands of workers
Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices...
Nigeria, France Sign MoU to Develop Mineral Value Chain in Both Countries
In a significant move to boost the solid minerals sector, Nigeria and France have signed a Memorandum of Understanding (MOU)...
Microsoft 365 Experiencing Widespread Outage: Here’s What We Know
Microsoft 365, a suite of productivity and collaboration tools, is currently experiencing a widespread outage, impacting multiple services including Exchange...
South Africa Assumes G20 Presidency With Focus on Global Equity
South Africa's upcoming G20 presidency in 2025 is poised to be a game-changer for the global south. With its theme...
Donald Trump Nominate Howard Lutnick as Commerce Secretary: Here is What You Need to Know
Trump has officially nominates Lutnick, CEO of Cantor Fitzgerald, as the Secretary of Commerce. Lutnick has been a key adviser...
GTBank Delays Reopening Until 12 p.m. Due to Ongoing System Upgrade
Guaranty Trust Bank (GTBank) has announced a delay in its reopening until 12 p.m. today, following an extensive system upgrade...
7-Eleven to close more than 400 locations. Here’s what you need to know.
7-Eleven, a major convenience store chain with a significant presence across North America, has decided to close over 400 locations...
Boeing Announces it Will Cut 10% of Workforce Amid Strike: Here is What You Need to Know
Boeing has announced that it will cut 10% of its workforce, which equates to approximately 17,000 jobs, as the company...
Nigeria, Russia Seal Historic Deal on Ajaokuta Steel Plant Revival
In a landmark move, Nigeria has signed a Memorandum of Understanding (MoU) with Russia to revive the dormant Ajaokuta Steel...
NNPC Mobilizes 100 Trucks to Load Fuel at Dangote Refinery, Marking Major Milestone in Nigeria’s Energy Sector
In a significant development, the Nigerian National Petroleum Company Limited (NNPCL) has deployed over 100 trucks to the Dangote Refinery's...
Boeing’s US factory workers strike, halting 737 MAX production
Boeing's U.S. factory workers have initiated a strike, which has led to the cessation of production for the 737 MAX...
The most easily recognized brands in Nigeria
Based on the information gathered from various sources up to August 2024, the most easily recognized brands in Nigeria span...
Nigeria’s Central Bank Raises Interest Rate to 26.75% Amid Soaring Inflation
The Central Bank of Nigeria (CBN) has announced a hike in its benchmark interest rate to 26.75% from 26.25%, in...
