In a tragic turn of events, Herbert Wigwe, the esteemed Chief Executive Officer of Access Holdings, met his untimely demise in a helicopter crash that shook California on Friday night.…
Tag: business
Middle East Unrest, Russian Export Surge Drive Oil Prices Skyward, Market On High Alert
The recent surge in oil prices has sent shockwaves through the global market, with tensions in the Middle East and unexpected shifts in Russian exports adding fuel to the fire.…
Nigerian FX Market Witnesses 56% Plunge in Transactions Amidst Rising Dollar Demand
The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw a dramatic 56% decline in transaction value, plunging from $465.29 million on Tuesday to $203.93 million on Wednesday, according to data obtained…
Nigerian Equity Market Continues Bearish Run As Investors Lose N481bn
Nigeria’s equity market faced a daunting setback as investors lost N481 billion in a single trading day, largely attributed to sell-offs and a notable shift in interest towards Treasury Bills.…
World Bank Warns Of Looming Food Crisis In Borno, Kaduna, Zamfara, Others.
In a revelation, the World Bank has pointed out the looming threat of severe food crises in seven states spanning the North-west and North-east regions of Nigeria. Highlighting factors such…
Nigerian Govt Approval Delays Dangote Refinery Fuel- Report
The much-anticipated release of aviation fuel (Jet A1) and diesel from the Dangote Petrochemical Refinery has hit a snag, with regulatory approvals causing significant delays. Despite earlier promises by the…
US Unveils Plan To Tap Into Africa’s Mineral Wealth For Clean Energy
In a move towards bolstering its energy transition agenda, the United States has announced its intention to invest in Africa’s abundant mineral resources. Jose Fernandez, the US Under Secretary for…
Starlink Partners with TD Africa to Provide Internet Access Across Africa
Starlink, the satellite internet constellation operated by SpaceX, has taken a monumental stride in bridging the digital gap across Africa by authorizing TD Africa as its distributor in Nigeria and…
NGX: Subdued Trading Activity Leads To Depreciation As Market Cap Declines To N55.87trn
Investors on the Nigerian Exchange experienced a tepid trading session on Wednesday, resulting in a marginal decline in market capitalization to N55.87 trillion. Despite efforts to stimulate activity, the All-Share…
Fed Hawkish Tone Propels US Dollar Amidst Rate Cut Speculations
In a dynamic market landscape, the US Dollar Index (DXY) held its ground at 104.15 on Wednesday, as investors digested statements from key Federal Reserve officials, navigating through a sea…