Category: Economy

Uber bolstering safety measures for drivers amid c...

Uber announced it is expanding safety measures for drivers including rider verification amid a rise in carjackings and other crime...

TransUnion to cut 1,300 jobs as part of multiyear ...

The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expen...

Target shares spike after big earnings beat

Target has had a turbulent year as nearly half of its sales come from home goods, electronics, toys and apparel products that are ...

Dow, S&P, Nasdaq soar as investors bet Fed is fini...

Investors snapped up U.S. stocks in a broad rally after the latest inflation data signaled the Federal Reserve may be close or eve...

Home Depot leans on demand for small projects to t...

Americans put big renovations and discretionary home-improvement projects on the back burner as they battle high food prices as hi...

Stellantis offers buyouts to roughly half of US sa...

Stellantis is moving forward with a cost-cutting push as it prepares for the shift to electric vehicles and larger labor cost unde...

Emirates orders 95 Boeing 777 widebody jets in dea...

Boeing will sell 95 widebody 777 jets to Dubai-based long-haul airline Emirates, the companies announced on Monday on the first da...

WeWork co-founder Adam Neumann has 'lavish' new Fl...

WeWork co-founder and former CEO Adam Neumann is reportedly living it up in a new Miami mansion surrounded by fellow billionaires ...

Disney plots future of its traditional TV networks

Disney is examining whether its future should include fewer television networks after CEO Bob Iger said last summer that some of D...

Hackers hit Wall Street arm of Chinese banking gia...

A U.S. subsidiary of China’s ICBC Financial Services was hacked this week, threatening a temporary logjam for some trades in the T...

Waffle House workers rally at corporate office, de...

Waffle House workers from Georgia, South Carolina, and North Carolina rallied outside the company's corporate office to demand imp...

UAW members at GM's Flint plant vote against new l...

A majority of United Auto Workers members at General Motors' assembly plant in Flint, Michigan, voted against the union's tentativ...

Disney CEO Bob Iger says company is looking to cut...

CEO Bob Iger is looking to further trim costs at the Disney, with the entertainment giant saying Wednesday it has 'increased our a...

Amazon cuts jobs in music streaming division

Amazon has begun laying off employees in its music division, affecting workers on multiple continents. The e-commerce giant declin...

Cruise recalling 950 driverless cars after pedestr...

General Motors' self-driving car unit Cruise is recalling 950 robotaxis as it looks to address an issue with collision detection s...

Stellantis says 2025 Ram 1500 Ramcharger hybrid wi...

Stellantis has officially introduced the new 2025 Ram 1500 Ramcharger pickup truck. It includes a battery pack, generator and V-6 ...

Massachusetts subcontractor dies after being elect...

On Tuesday morning, Massachusetts first responders arrived at an AT&T building and found that a 44-year-old man had been electrocu...

Dollar to Naira Black Market Exchange Rate Today

Today’s Dollar to Naira Black Market Exchange Rate— The continuing depreciation of the Naira against the US dollar has thrown ope...

Official and Parallel Market Rates Converge as Nai...

The official and parallel market rates have converged days after the Central Bank of Nigeria released a new foreign exchange poli...

NGX All-Share Index Crosses 60,000 Points for the ...

Equity trading on the Nigerian Exchange Limited (NGX) closed trading on Tuesday, June 27th, 2023, in the green territory as the N...

Naira Depreciates to N776.9/$ at I&E Window, N793/...

The naira, on Friday, depreciated by 1.87 percent to close at N776.9/$ at the investors and exporters (I&E) window. Data from FMD...

Naira Crashes to N860/$ at Parallel Market as Doll...

The naira has continued its downward spiral, falling to N860 per dollar at the parallel market on Wednesday. The figure represent...

Starbucks leans into Apple, Microsoft, Amazon part...

Starbucks is counting on three of the world's biggest tech giants — Microsoft, Amazon and Apple — to help power a new growth sprin...

FTX founder Sam Bankman-Fried’s biggest fear in ja...

A jury found FTX founder Sam Bankman-Fried guilty on all counts related to the last year's collapse of the cryptocurrency exchange...

Customers at major US banks hit with deposit delay...

Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a sy...

Panera to lay off more than 300 corporate employee...

Panera is trimming its corporate headcount, the Wall Street Journal reported on Wednesday. The move will reportedly impact 17% of ...

Woman receives $7.1 million in lawsuit over cookin...

A woman received an eye-popping $7.1 million on Monday for damages in a Illinois lawsuit she filed over cooking spray-related inju...

Bud Light parent Anheuser-Busch InBev's sales tumb...

Anheuser-Busch InBev reported a 17.1% decline in sales volume in North America in the third quarter as its Bud Light brand continu...

Pfizer quarterly results hit by soft demand for CO...

Sales of the company's coronavirus vaccine Comirnaty dropped 70% during the third quarter compared with the same period a year ear...

Elon Musk says Tesla aims to make 200,000 Cybertru...

Tesla CEO Elon Musk revised the EV-maker's production target for the Cybertruck to 200,000 annually with first deliveries to begin...

Elon Musk wants X to be a 'fully fledged' dating a...

Billionaire Elon Musk is planning to expand X, formerly Twitter, to add "fully fledged" dating app functionality in 2024, accordin...

EV market could become the 'next big flop': Econom...

Car companies falling victim to "EV mania" could see their market values be the "next big flop" to hit Wall Street – and thus, Ame...

GM, UAW reach tentative agreement to potentially e...

The United Auto Workers union has reportedly reached a deal with General Motors on a new labor agreement after six weeks of striki...

McDonald's CEO warns California minimum wage hike ...

McDonald's is warning that California's minimum wage hike to $20 an hour for minimum wage workers will have an impact on franchise...

EVs create profit potholes for major US automakers...

The electric vehicle push by Ford and General Motors cut into both companies' profit margins which has the automakers revising som...

Cruise pauses driverless vehicle operations across...

Self-driving car company Cruise is pausing the operations of its autonomous vehicle fleet amid an ongoing safety investigation in ...

UAW to start ratification process for Ford contrac...

The United Auto Workers union is starting its internal ratification process for its tentative deal with Ford while the union expan...

Boeing looking into hacking gang's ransomware thre...

Boeing is investigating a claim made by cybercrime group Lockbit, which says it hacked sensitive data from the aerospace giant and...

Goldman Sachs CEO: Doesn’t see 1970-80s interest r...

Interest rates are climbing, driving prices higher for everything from homes to cars to credit cards. With the Federal Reserve on ...

Spirit Airlines cancels dozens of flights over 'ne...

Spirit Airlines canceled about 100 flights on Friday after pulling some planes out of service for inspections.

Amazon will now fire workers who refuse to return ...

Amazon informed its managers this week they can terminate employees who are refusing to comply with the retail giant's return-to-o...

San Francisco apartment building facing foreclosur...

An apartment building in San Francisco has reportedly experienced a large decrease in its value compared to where it stood in 2018...

AmEx's third-quarter profit beats estimates on buo...

American Express reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who...

Sam Bankman-Fried’s ADHD medication a focal point ...

Former FTX CEO Sam Bankman-Fried's defense team secured extended release Adderall to help the former crypto billionaire focus as t...

How to open Opay account in Minutes

Mobile banks play an important part in our day-to-day lives of financial transactions. We can access the financial system at the t...

how to qualify for gtb loan tips and guide needed ...

Need loan and you want to appky for loan in gtb bank.See how to qualify for a GTB loan with our expert guide. Get the funding you ...

GEEP LOAN Application and Portal for Registration

Government Enterprise and Empowerment Programme (GEEP). This is one of the incentives that was set up by the federal government un...

Top 8 Mobile Payment To Get Loan Without BVN in Ni...

BVN is the key to unlocking all the doors to all your bank accounts, which means you can access bank accounts used across all comm...

How to block First Bank account in Minutes with di...

lost your phone or ATM card got stolen.learn how to protect your finances by blocking your First Bank account in a mintues by Fol...

Insider Tips on How to get Loan from UBA Bank

Learn the step-by-step process of obtaining a loan from UBA Bank. Discover the requirements, application procedure, and tips to in...

How to Check Your BVN on Acess in Minutes

Want to check your BVN on Acess learn how to easily check your BVN (Bank Verification Number) on Access Bank. Follow our varuous ...

10 Profitable Business to start with 500k in Nige...

Looking to invest in Nigeria? Discover the best business opportunities to start with 500k in Nigeria. Explore profitable ventures ...

Ezoic information

“[Ezoic account verification: 4608811161]”

How to Use BVN to Check Your NIRSAL Loan Applicati...

Doubting and Unsure about your NIRSAL loan application status? we provide step by step straightforward guide to using your unique ...

Strategies to improve Internal communication

Communication is the key to every human transaction, good communication will birth positive results. In an aspect of any organisat...

How to budget money on a low income

The world economy is far worse and prices are raising across the board coupled with the high cost of living coupled with it due to...

Forms Of Ownership

Form of ownership is the legal structure, management and classification of a business, it tells about how businesses are owned and...

Proven Business Cost Saving Ideas for maximum prof...

In running a business costs must be incurred salary, wages, Stationery, Raw materials, Rent, Machinery maintenance e.t.c these all...

Forms Of Ownerhship

Form of ownership is the legal structure, management and classification of a business, it tells about how businesses are owned and...

How To Have The Best Virtual Meeting

In today’s business world, organisations have evolved so much that some organisations operated remotely. In any organisation, the ...

How To Come Up With Business Idea From The Scratch

Struggling to come up with that first spark of a viable business idea? Our guide shares proven ideation strategies used by success...

How to measure Employee Engagement

In our previous article where we discussed extensively Employee Engagement why it is important, the Hazard of workers not being fu...

Powerful Employee Engagement Strategies

Employee engagement is a very crucial factor that Every organization must take action to improve their Employee engagement in thei...

NIGERIA’S INFLATION JUMPS TO 24.08% IN JULY — NBS...

In June, inflation was recorded at 22.79 per cent, but has now jumped by 1.29 percentage points.

NATIONWIDE STRIKE WILL COMMENCE WITHOUT NOTICE IF ...

The Nigeria Labour Congress (NLC) has warned that its members will commence a nationwide strike action without any formal notice t...

TINUBU CONSIDERS RE-INTRODUCTION OF SUBSIDY ON PET...

President Bola Tinubu is considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to so...

DANGOTE RECLAIMS AFRICA RICHEST MAN TITLE 

Aliko Dangote is Africa's richest man once again after making over N13 billion in 24 hours.

NIGERIA TOPS GLOBAL UNEMPLOYMENT RATING 

Nigeria tops the list of countries with the highest rate of unemployment, according to the latest statistics released by the World...

NAIRA GAINS, EXCHANGES AT N757.51 TO DOLLAR

On Tuesday, the naira appreciated against the dollar, exchanging at N757.51 at the Investors and Exporters window.

LOCAL REFINING WILL REDUCE PETROL PRICE BY N70/LTR...

Oil marketers have said local refining will save at least N70 per litre off petrol price when it is fully operational.

PORT HARCOURT REFINERY TO COMMENCE OPERATIONS IN D...

President Bola Tinubu, on Wednesday night, met with Leaders of the various Labour unions and promised that the Port Harcourt refin...

‘STAPLE FOOD WILL SOON BE AVAILABLE’ – TINUBU ORDE...

In a bid to tackle food insecurity in the country, President Bola Tinubu says he has directed the release of 200,000 metric tonnes...

EXTERNAL RESERVES SHED $167.2M AS NAIRA SLUMPS FUR...

External reserves shed $167.2m as naira slumps further

BREAKING: FUEL SUBSIDY: SANWO-OLU ANNOUNCES 50 PER...

BREAKING: Fuel subsidy: Sanwo-Olu announces 50 per cent reduction on Lagos buses

EXERCISE PATIENCE. YOU’LL SOON SEE THE BENEFITS OF...

Exercise patience. You’ll soon see the benefits of subsidy removal — Jigawa Governor appeals to Nigerians 

FG SAVES ₦400B IN 4 WEEKS AS SUBSIDY REMOVAL YIELD...

In a significant development for Nigeria's downstream oil sector, operators have revealed that the Federal Government has successf...

TINUBU APPOINTS FOLASHODUN SHONUBI ACTING CBN GOVE...

Shonubi’s appointment followed the suspension of Godwin Emefiele as the CBN Governor on Friday.

ISRAEL TO PARTNER WITH NIGERIA TO CREATE 1 MILLION...

Israel to partner with Nigeria to create 1 million jobs through digital economy 

DANGOTE REFINERY MAY NOT BRING DOWN FUEL PRICES – ...

The Nigerian Labour Congress (NLC) says the recently launched Dangote Petrol Refinery may not take complete care of the needs of N...

WHY BUHARI'S SOCIAL WELFARE SCHEMES ARE MAKING NIG...

In few weeks to the end of his second tenure as 15th President of the Federal Republic of Nigeria, Muhammadu Buhari is said to hav...

RESERVES 2023: TOP 20 COUNTRIES WITH THE HIGHEST R...

Did you know that China is leading globally as the country with the highest reserves followed by Japan, Switzerland, USA, and Indi...

FROM 1960–2023, HERE ARE THE CHANGES IN NIGERIA'S ...

With the old naira notes of ₦200, ₦500, and ₦1000 expected to cease to be in circulation by January 31st 2023, we bring to you the...

2022: $41BN FOREIGN DEBT. SEE HOW MUCH EACH NIGERI...

Did you know that with the current foreign debt of US$41 billion as of December 2022, each Nigerian currently owes N10,372 to the ...

CBN TO RELEASE OLD NAIRA NOTES TO BANKS OVER NLC P...

The Central Bank of Nigeria has finally concluded plans to release all N1,000, N500 and N200 notes in its custody to Deposit Money...

PHOTOS: COURT CONVICTS 14 INTERNET FRAUDSTERS IN E...

The Economic and Financial Crimes Commission on Tuesday said it has secured the conviction of fourteen internet fraudsters in Beni...

EFCC RECOVERS NHIS N900M FUNDS FROM COMMERCIAL BAN...

The Economic and Financial Crimes Commission, EFCC, in its Twitter official handle on Sunday, February 19, 2023, has disclosed the...

NAIRA SCARCITY: CBN DEBUNKS REPORTS INSTRUCTING DM...

In a Press Statement released on its official Twitter handle, the Central Bank of Nigeria (CBN) has debunked the news circulating ...

REALITY OR ILLUSION: MEET THE PROPOSE WEST AFRICA ...

Since its conception in 2003, leaders of the fifteen-member ECOWAS countries have postponed the launch of a single currency at lea...

SOMALILAND, THE EAST AFRICAN COUNTRY ON ITS PATH T...

Somaliland, a self-declared republic in East Africa, faces high illiteracy and has an economy ravaged by a civil war. But it might...

HOW TO DEPOSIT YOUR OLD NAIRA NOTES IN THE CBN BAN...

The CBN has already declared that the old Naira notes no longer recognized as legal tender despite the Supreme Court order to keep...

BUHARI ORDERS CBN TO RELEASE OLD 200 NOTES INTO CI...

The subject matter is before the court of our land and some pronouncements have been made to further ease the supply pressures par...

OLD NAIRA: N200, N500, N1000 NO LONGER LEGAL TENDE...

In the last 24 hours, we have been inundated by questions from various angles of the general public about our operational guidelin...

PHOTOS: NATIONAL COUNCIL OF STATE ON FRIDAY IN ABU...

The National Council of State on Friday in Abuja backed the Central Bank’s new Naira Policy.

EFCC GRILLS ACTRESS OVER SPRAYING AND STEPPING ON ...

GODWIN EMEFIELE BOWS TO PRESSURE AS BANKS WILL ACC...

WE ARE BUYING OUR MONEY WHEN IT IS NOT DOLLARS – C...

CBN EXTENDS DEADLINE FOR EXCHANGE OF OLD NAIRA NOT...

FROM 1960–2023, HERE ARE THE CHANGES IN NIGERIA'S ...

NDLEA, EFCC BUST LAGOS CARTEL WITH FAKE $269,000

EFCC RELEASES STATEMENT ON ARREST OF TANTITA'S DIR...

READ FULL STATEMENT OF TANTITA SURVEILLANCE COMPAN...

ALL YOU NEED TO KNOW ABOUT THE NATIONAL DOMESTIC C...

NIGERIA'S 2023 BUDGET: BREAKDOWN AND FACTS YOU SHO...

SEE LIST OF LUXURY APARTMENTS, PLOTS OF LANDS ACRO...

UPDATED: REPS SUMMON EMEFIELE OVER CASH WITHDRAWAL...

FLASH: HOUSE OF REPS ORDERS CBN TO SUSPEND NEW CAS...

CBN LIMITS CASH WITHDRAWALS TO N100,000 WEEKLY

KEY POINTS TO NOTE ON THE CBN REVISED CASH WITHDRA...

THE NAIRA AND KOBO: A BRIEF HISTORY (PART 1) 

NAIRA STILL DEPRECIATING DESPITE REDESIGN - SANI S...

NEW REDESIGNED NAIRA NOTES: HERE IS WHAT YOU SHOUL...

130M NIGERIANS ARE POOR - NBS 2022 POVERTY INDEX

HERE ARE SOME FACTS ABOUT NIGERIA'S PUBLIC DEBT AS...

THE PARIS CLUB, FINDING WORKABLE SOLUTIONS TO PAYM...

NIGERIA'S NAIRA JOINS GHANIAN CEDI, OTHERS, AS WOR...

EMEFIELE CONFIRMED ARABIC INSCRIPTION WON’T BE REM...

CBN INSISTS IT FOLLOWED THE LAW, DUE PROCESS FOR N...

BREAKING: CBN SPENDS N538.5M TO THROW AWAY N1.51BN...

WE KNEW NOTHING ABOUT NAIRA REDESIGN, SAYS FINANCE...

11 MOST BEAUTIFUL CURRENCIES IN THE WORLD — REMITL...

CBN TO REDESIGN N200, N500 AND N1,000 NOTES

ISLAMIC BANK APPROVES OVER N700 BILLION LOAN FOR N...

eNAIRA: WHAT YOU NEED TO KNOW ABOUT THE DIGITAL NI...

HISTORY, FUNCTIONS AND MEMBERSHIP OF THE MULTILATE...

THE 2022 GLOBAL HUNGER INDEX 

EMEFIELE BAGS EUROKNOWLEDGE AWARD FOR DIGITAL TRAN...

BUHARI PRESENTS N20.5TR BUDGET FOR 2023