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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After Binance, FG identifies two other crypto platforms undermining the naira, EFCC takes action
The Nigerian government has said it has frozen millions of naira linked two cyrptocurrency platforms, KuCoin and ByBit, involved in naira manipulation.
Iran president deepens Iraq ties on first foreign trip
Iran and Iraq on Wednesday signed more than a dozen agreements to deepen already strong ties as Masoud Pezeshkian visited Baghdad on his first foreign trip as president of the Islamic republic.
Afghanistan says to begin work on huge gas pipeline
Afghanistan said Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border.
Naira crosses new threshold as traders quote the dollar at higher rates in official window
The Nigerian currency the naira experienced a decline again, crossing the N1,600 per dollar threshold in the official and parallel market windows.
US consumer inflation eases more than expected in August
US consumer inflation eased more than expected last month, according to government data published Wednesday, bolstering expectations that the Federal Reserve will cut interest rates next week.
UK economy stalls, dealing blow to new government
Britain's economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour government that has put growth expansion at the top of its priority list. Analysts had predicted a slight uplift in growth for July, while previous data showed the UK economy grew at a slightly slower pace in the second quarter compared with the first.
Amazon to invest £8 bn in UK in boost for new Labour govt
US tech giant Amazon is to invest £8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday. "I am determined to go further so we can deliver on our mandate to create jobs, unlock investment and make every part of Britain better off.
UniCredit takes stake in Commerzbank, fuelling tie-up talk
Commerzbank shares soared Wednesday after Italian bank UniCredit acquired a nine-percent stake in Germany's second-biggest lender, half of it from the German state, fuelling speculation about a potential takeover.
Nigeria's Dangote refinery caught between promise and reality
When will gasoline from Nigerian tycoon Aliko Dangote’s mega-refinery finally flood the home market? - 'Market realities' - The other big question is how much Dangote’s petrol will cost Nigerians.
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