Lagos, Nigeria – April 30, 2025 Guaranty Trust Bank (GTBank) has announced a revision of its SMS alert charges, with the new rate set at ₦6 per message, up from the previous ₦4. The updated fee structure will take effect on Thursday, May 1, 2025. In a message sent to […]
China’s factory activity contracted at its fastest pace in 16 months in April, as steep US tariffs took a heavy toll on the manufacturing sector, adding urgency to Beijing’s efforts to roll out fresh economic stimulus. The manufacturing Purchasing Managers’ Index (PMI) fell to 49.0 in April, the weakest […]
Tesla has announced a significant decline in its financial performance for the first quarter of 2025, reporting a 71% decrease in net income to $409 million, compared to $1.4 billion in the same period last year. Revenue also fell by 9% to $19.3 billion, with automotive sales dropping 20% year-over-year. […]
Pedro made these remarks at the recent conference of African Ministers of Finance, Planning, and Economic Development held in Addis Ababa. He emphasized that the AfCFTA not only serves as a development framework but also as a powerful political platform. He noted that a prosperous Africa offers […]
The Economic Community of West African States (ECOWAS) has raised the alarm over the worsening food crisis in the region, urging swift action to prevent millions from facing severe hunger. This warning came during the third meeting of the ECOWAS Regional Food Security Reserve Management Committee in Abuja. Minister of […]
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the implementation of increased Automated Teller Machine (ATM) transaction charges, citing the current economic challenges facing the country. This resolution followed the adoption of a motion of urgent public importance, sponsored by Marcus Onobun, the […]
This trend would be further reinforced by the naira’s continued stability against the dollar in the foreign exchange market. Crude oil prices fell by approximately 2% this week, reaching a 12-week low, following reports that OPEC+ plans to proceed with a planned increase in oil output in April. Specifically, Brent […]
The Federal Competition and Consumer Protection Commission (FCCPC) has filed charges against MultiChoice Nigeria Limited and its CEO, John Ugbe, for allegedly disregarding regulatory directives and hindering an ongoing inquiry. The charges, filed before the Federal High Court in Lagos, involve three counts. The first relates to the company’s implementation […]
The Federal Government has called on women across Nigeria to seize investment opportunities within the capital market, highlighting its crucial role in wealth creation and economic empowerment. This call was made during the launch of the Securities and Exchange Commission (SEC) Podcast in Abuja on Tuesday, an initiative designed […]
As Nigeria’s telecom industry expands into a $75.6 billion sector, stakeholders are intensifying efforts to safeguard its vital infrastructure against escalating threats, recognizing its crucial role in driving economic growth and digital transformation. The urgency of this initiative has heightened following President Bola Tinubu’s August 2024 designation of telecom facilities […]