Business

Stock markets diverged and the dollar rose today after data pointed to a robust US economy, further denting hopes of several more cuts to interest rates in the world’s biggest economy. The latest readings added to worries about a fresh uptick in US inflation, already on traders’ radar owing to Donald Trump’s pledges to slash

In an originating summons, filed on July 4, 2024, under the NICN Civil Procedure Rules 2017, the aggrieved staff members raised several questions for determination. The Ex-CBN staff members among others, are asking the court to determine whether they were denied their constitutional right to a fair hearing before and after their appointments were terminated

Most markets rose today following a record close on Wall Street as traders welcomed Donald Trump’s pick for Treasury secretary, while bitcoin’s push to $100,000 ran out of steam after coming within a whisker of the mark at the end of last week.The gains came ahead of the release of key US data that could

Instagram owner Meta says Dame Judi Dench and John Cena will be voice options for its artificial intelligence (AI) chatbot.Users will also be able to get information from AI versions of Awkwafina, Keegan Michael Key or Kristen Bell.The technology giant’s chief executive, Mark Zuckerberg, made the announcements during the company’s annual Connect conference.At the event,

The Minister of Agriculture and Food Security Abubakar Kyari says the country is expecting a bumper harvest before year-end. Food inflation has reached 40 per cent according to data from the National Bureau of Statistics (NBS), pushing the prices of essential commodities beyond the reach of millions of Nigerians. But Kyari said the Federal Government

The Nigerian Electricity Regulatory Commission (NERC)has threatened sanctions against electricity distribution companies or DisCos if they failed to take up at least 95 per cent of the total monthly energy allocated for distribution. In the commission’s Order on Performance Monitoring Framework for all the DisCos, the market operator rolled out touch sanctions against utility firms

[12:11 PM, 6/21/2024] Debo: Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) has said.[12:12 PM, 6/21/2024] Debo: The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at

Copper prices rallied above $10,000 per tonne for the first time in two years, propelled by soaring global demand and tight supplies. The price of copper breaching the key level for the first time since April 2022 to peak at just over $10,028. The base metal is in the spotlight after mining giant BHP launched