Saturday, October 5

Business

Ghana to understudy Nigeria’s local content board – NCDMB

The Nigerian Content Development and Monitoring Board on Wednesday signed a Memorandum of Understanding with the Petroleum Commission, Ghana, towards developing and deepening local content regulations in Ghana’s upstream petroleum sector. The signing ceremony took place on the sidelines of…

The tailwinds for a European consumer recovery are building

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is head of European equity strategy and head of global derivatives strategy at UBSCovid really upset the apple cart when…

Tech upgrade gulps N178bn in five banks

The combined spending of five Nigerian banks on ramping up their information technology was N178.77bn in the first six months of the year, The PUNCH reports. An analysis of the financial statements of Zenith Bank, Access Bank, Guaranty Trust Holding…

Toyota to invest 0mn in flying taxi start-up Joby

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Toyota has said it will invest $500mn and raise its stake in Joby Aviation as the carmaker boosts its backing for the…

PenCom okays ARM Access Pensions merger

The National Pension Commission has approved the merger of ARM Pension Managers Limited and Access Pensions Limited. In a statement on Tuesday, the commission noted that the consolidation had led to the formation of a new entity named Access ARM…

Military briefing: How Israel could retaliate against Iran

When Iran launched missiles at Israel in April, Benjamin Netanyahu’s government opted for a limited response, hitting back with a precision strike on an air defence system near Isfahan that showed Israel’s technological prowess, but did not force an escalation.But…

W’Bank partners ministry on maritime sector development

The World Bank Group has expressed its desire to partner with the Ministry of Marine and Blue Economy to develop Nigeria’s maritime sector. Announcing this in a statement on Wednesday, an aide to the Minister of Marine and Blue Economy,…

Court hears Barbican, FBN N5.4bn shares dispute Oct 21

A Federal High Court in Lagos has fixed October 21, 2024, for the hearing of pending applications in a suit filed by an investment firm, Barbican Capital Limited against First Bank of Nigeria Holdings Plc over the alleged disputes of…

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