Aba Power Plc made a big decision when it invested N33 billion to provide smart meters to its customers. The project is on and over 40,000 have received meters.
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Bulgaria to get final green light to adopt euro in 2026
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CBN Releases Fresh FX rates for Access, UBA, Zenith as naira strengthens against dollar
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Cooking Gas prices surge by 32.5% in one year, reach all-time high in 2025
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Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
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Ikeja Electric, Eko Electric, others report growth in revenues despite decline in billing efficiency
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Can an ambitious Milei make Argentina an AI giant?
Argentina's President Javier Milei has plans to turn his country, which has one of the lowest rates of artificial intelligence (AI) use on the continent, into a world leader in the field.
US Fed dissenter calls for 'measured' pace of rate cuts
The sole holdout in the US Federal Reserve's 11-to-1 vote cementing a larger interest rate cut said Friday that the move "could be interpreted as a premature declaration of victory." "I see the risk that the Committee's larger policy action could be interpreted as a premature declaration of victory on our price stability mandate," Bowman said.
Central banks face 'difficult balancing act': IMF chief
Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday. "Central banks face a difficult balancing act," Georgieva said.
“Investors will flee”: Afreximbank predicts impact of naira’s depreciation on Nigeria
The Afreximbank has declared that the depreciation of the naira may scare away investors and it poses a big risk for future investments in the country.
US nuclear plant Three Mile Island to reopen to power Microsoft
Three Mile Island, the site of America's worst nuclear accident, will restart operations to provide power to Microsoft, Constellation Energy announced Friday. Constellation Energy expects the Three Mile Island reactor to go back online in 2028.
Tinubu reacts as Coca-Cola announces plans to invest $1 billion in Nigeria over five years
President Bola Tinubu has reacted to the announcement of Coca-Cola Hellenic Bottling Company (CCHBC) plans to invest over $1 billion in Nigeria over 5 years.
UK economic data delivers fresh blow to new govt
UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget. - 'Tough decisions' - Friday's data also showed "the highest August borrowing on record, outside the (Covid) pandemic", Darren Jones, a senior official at the UK Treasury, said in a statement.
Bank of Japan leaves key interest rate unchanged
The Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets. Japanese central bank officials said borrowing costs would be left at 0.25 percent, a policy decision widely predicted after the fallout from the previous hike.
Asian markets track Wall Street record to extend global rally
Asian markets built Friday on the latest global rally after a jumbo US interest rate cut, while the yen edged up as focus turns to the Bank of Japan policy decision later in the day. With the Fed now out the way, attention turns to the Bank of Japan as it winds up its own policy meeting.
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