Manufacturers have urged the CBN to reconsider its approach to controlling inflation, warning that rising borrowing costs affect economic stability.

Nigeria plans to partner with the world’s largest EV battery manufacturer for its renewable energy technology manufacturing zone, Evergreen City.

Nigerian Exchange Limited has reported N540.48 billion in foreign transactions for H1 2024, a significant increase from N145.08 billion in 2023.

Moody’s ratings has estimated Nigeria’s windfall tax to yield 0.3% of 2024 GDP, a marginal and temporary revenue measure, pending approval.

Rivian Automotive is to face court over allegations of encouraging ex-Tesla employees to steal confidential trade secrets.

CFG Advisory CEO Tilewa Adebajo says Dangote Refinery’s success can help reduce inflation in Nigeria and boost productivity.

AEDC has partnered with Transafam Power to deliver 50MW embedded power generation to Abuja’s Idu commercial hub, enhancing energy reliability.

Alphabet has beaten Q2 estimates, driven by digital ad sales and cloud computing growth, with net income rising 28.6% to $23.6 billion.

Coca-Cola has raised sales guidance, expects 9-10% organic growth this year, up from previous forecast of 8-9% growth.

LVMH has discovered a 14% sales drop in Asia as China’s economic slowdown and crackdown on luxury displays take effect.

Access Bank has announced that its QuickBucks platform has granted 18 million digital loans totaling N740 billion since its 2017 launch.

In its fourth consecutive hike since February, the CBN has increased the MPR by 50 basis points to 26.75%.

The CBN has raised the Interest rate by 50 basis points to 26.75% from 26.25%.

Peter Obi has warned about Nigeria’s economic decline, noting that GDP growth fell from 6.72% to 2.79% since 2015

Nigeria has demanded 5% renewable energy compliance from power distribution companies, introducing funding initiatives to enhance renewable energy deployment.

Bitcoin has surpassed Visa and mastercard in daily transaction volume, with market cap of $1.327trn as global crypto market hits $2.45trn

Boeing has scaled back its Farnborough Air Show presence amid ongoing safety issues, while Airbus showcased its new A321XLR.

Dangote Refinery is negotiating with Libya and Angola for crude oil to tackle domestic supply challenges

An Abuja-bound Max Air flight with 119 passengers became disabled at Yola Airport after losing all four tyres while taxiing.

Kelvin Emmanuel has blamed NNPC for Dangote having to import crude, and urged the National Assembly to commence a probe.