Business

Egypt raises interest rate by 600 bps as currency falls

The Central Bank of Egypt has increased the interest rate by 600 basis points to allow the exchange rate to…

2 years ago

‘Punishment on investors’: MAN seeks expatriate employment levy’s removal

The Manufacturers Association of Nigeria (MAN) has called for the discontinuation of the Expatriate Employment Levy (EEL) recently introduced by…

2 years ago

Transcorp Power lists shares on NGX, adds over N1.8trn to market

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main…

2 years ago

Binance removes naira transactions from platform

Binance, a cryptocurrency trading platform, has announced the discontinuation of all its naira services commencing from March 8, 2024. Effective…

2 years ago

Bitcoin hits $68,500 record high

Bitcoin was perched at a two-year peak on Tuesday, March 5, 2024, breaking above $68,600 and stalking the all-time high…

2 years ago

Transcorp Power, Geregu, BUA Cement help equity market gain N1.86trn

The Nigerian Exchange Limited (NGX) equity market opened positively on Monday, March 4, 2024, as gains in newly listed Transcorp…

2 years ago

Obaseki: Interest rate increase won’t support economic growth

Edo State Governor, Godwin Obaseki, has condemned the decision of the Central Bank of Nigeria (CBN) to increase the Monetary…

2 years ago

EU fines Apple €1.8bn for unfair competition in music streaming

The European Commission (EC) has fined Apple €1.8 billion ($2 billion) for unfair competitive practices involving its music streaming service,…

2 years ago

Investors oversubscribe CBN’s N1trn OMO bills

The Central Bank of Nigeria (CBN) has concluded a sale of government securities, issuing N1.053 trillion in short-term instruments as…

2 years ago

Oil prices increase after OPEC+ extends output cuts

Oil prices increased slightly on Monday, March 4, 2024, after OPEC+ members, on Sunday, announced an extension to oil production…

2 years ago

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