Business

The Global Tracking Maritime Solutions Management at the Freeport of Monrovia defends its operations before the Senate. By Lewis S. Teh Monrovia, Liberia, June 14, 2024 – Following the Liberian Senate’s recent decision to summon the management of the Global Tracking Maritime Solutions, the Liberia Revenue Authority, Public Procurement and Concession Commission, Ministry of Finance and Development Planning, and the …

Lonestar Cell MTN – Mobile Money Financial Services is dedicated to continuously enhancing our compliance with all regulatory requirements and proactively addressing any feedback from the Central Bank of Liberia (CBL). Our commitment to transparency and accountability remains unwavering as we work diligently to uphold the trust of our customers and the market. In addition, we are actively reviewing our …

Nigeria’s headline inflation rate has risen to 33.95 percent in May. The National Bureau of Statistics (NBS) disclosed this in its latest Consumer Price Index (CPI) released on Saturday in Abuja. This figure shows an increase of 0.26% points when compared to the general inflation rate in April 2024. According to the NBS, the headline inflation rate was 11.54% points …

Investors in the Nigerian equity market ended the week with profits of N52 billion on Friday. This follows the increase in the share prices of GUINNESS, ETRANZACT, and UNITY BANK on the stock exchange floor today. After five hours of trading on the capital market, equity capitalization increased to N56.527 trillion from N56.474 trillion recorded by the exchange on Thursday. …

The Naira depreciated against the United States dollar on Friday and traded at N1, 476.24/$1. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the naira lost N6 against the dollar after trading at N1,482.72/$1 compared to N1,476.24/$1 recorded the previous day. The intra-day high and low recorded during the day were N1, 490/$1 and N1, 390/$1 respectively, …

After the government lifted the suspension on Wester Cluster’s Road User Permit recently, the company has outlined its commitment to boost Liberia’s economic revitalization efforts and foster socio-economic development. Monrovia, June 14, 2024: Aligning with President Joseph Nyumah Boakai’s vision to revitalize Liberia’s economy and combat poverty and diseases, Western Cluster Limited (WCL) has committed to contributing to the government’s key growth …

The Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso will tomorrow, November 24, 2023 unveil the Apex Bank’s Monetary Policy Thrust and Economic Outlook for 2024. The event will take place during the 58th Chartered Institute of Bankers of Nigeria Annual Bankers’ Dinner. The apex bank made the announcement via its official X handle on Thursday afternoon. “The Governor, Central …

The value of investments in the Nigerian capital market crashed by N111.7 billion due to sell-offs in Morison and Courtville on Thursday. This indicated that the market capitalization dropped from N37.37 trillion to N37.26 trillion after five hours of trading today. Similarly, the All-Share Index dipped by 204.17 basis points to close at 68,082.11, down from 68,286.28 ASI posted by …

  Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to organise another edition of the UBA Business Series.  This is in line with the bank’s commitment to support the growth of micro, small and medium-scale enterprises by equipping them with requisite tools to strengthen and sustain their businesses.  The UBA Business Series is a regular seminar/workshop organised by the …

The three tiers of government on Wednesday shared the sum of N906.955 billion as revenue allocation for October. This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting in Asaba, Delta State. The distributable revenue comprised statutory revenue of N305.070 billion, Value Added Tax (VAT) revenue of N323.446 billion, and Electronic Money …