Blending off-spec fuel near completion, says MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says its members are close to the completion of blending…
Fuel Scarcity Won’t Spread To Lagos, Others – Marketers
Oil marketers have said that the fuel scarcity being experienced in Abuja will not spread to Lagos State and other…
Universal Insurance Set For N10b Recapitalisation- Nigeria
Universal Insurance Plc may soon join the firms that have met the new capital base of N10 billion ordered by the…
CMA Sets Tough Rules For Small Firms Issuing Bonds – Kenya
The small businesses will have to be in operation for two years, have a minimum issued share capital of Sh10…
Kenya Shilling For First Time Hits Sh116 Against The Dollar
The shilling closed trading at Sh116.1 to the dollar, compared to Tuesday’s Sh115.99 and has depreciated from…
Tanzania Makes U-turn On Uganda Sugar
Tanzania banned sugar from Uganda in 2019, saying the imports originated from third-party countries.Presidents…
Telcos Propose Tax Review, Others To Avert 40% Tariff Hike
Telecommunication companies had recently proposed a 40% hike in the cost of calls, SMS, and data. This is as a…
Greece, UAE Agree Joint Investments In Energy, Other Sectors
Greece and the United Arab Emirates (UAE) agreed to jointly fund investments worth 4 billion euros ($4.2 billion)…
U.S. Wholesale Inventories Unrevised In March
U.S. wholesale inventories increased solidly in March, though the pace slowed from the prior month amid rising…
IKEA To Spend 3billion Euros On Stores As It Adapts To E-commerce – Sweden
IKEA retailer Ingka Group is spending $3.2 billion through 2023 on new and existing stores, much of it to modify…
Most Gulf Bourses Track Global Shares Lower; Saudi Gains
Most Gulf stock markets fell in early trade on Monday, tracking subdued global shares on rate worries, while a…
Analysis: Markets Must Face Up To Tightening Financial Conditions
Already sitting on double-digit losses this year, stock market investors must brace for more. As the realisation…
United Kingdom Revokes Moscow Bourse’s Status As Recognised Exchange
Britain on Thursday revoked the Moscow Stock Exchange's (MOEX) status as a recognised stock exchange.Britain…
Shell Posts Record Quarterly Profit, Lifted By Energy Price Surge
Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas…
Late Czech Billionaire’s Family Taps Longtime Partner Smejc To Run PPF
PPF Group will install investor Jiri Smejc as its new chief executive from June 15.PPF has assets worth around 40…
Russian C.Bank Sells 550 Billion Roubles At One-Week Repo Auction
Russia's central bank provided banks with all 550 billion roubles ($7.99 billion) on offer at a one-week repo…
Robinhood Launches Stock Lending Program In Revenue Diversification Push
Robinhood Markets Inc (HOOD.O) on Wednesday said it launched a fully-paid securities lending program, which lets…
From Coffee To Ketchup, Retailers Seek Price ‘Shields’ As Inflation…
As shoppers pay more for anything from coffee to ketchup, some retailers have started to cut or cap the price of…
Nigerians To Pay More As GSM Operators Plan 40% Tariff Hike
Telecommunication companies are proposing a 40% increase in the cost of calls, SMS, and data to the Nigerian…
Nigeria’s $560m Tops African Startups’ Funding In Q1 2022
Amid difficulties in the business environment in the country, Nigerian startups raised a total of $559.85m…
EXCLUSIVE Musk in talks for new Twitter financing-sources
May 2 (Reuters) -
According to sources familiar with the situation, Elon Musk is in negotiations with huge…
Fertilizer sector set for biggest profits in years on Russia-Ukraine conflict
May 2 (Reuters) -
According to economists, fertilizer companies are on track to earn their best quarterly…
Wall Street drops as Fed focus takes hold, 10-yr Treasuries breach 3%
May 2 (Reuters) -
Investors adopted a cautious tone ahead of the Federal Reserve meeting this week. As…
Google makes $100,000 worth of tech training free to every U.S. business
May 2 (Reuters) -
Google (GOOGL.O) of Alphabet Inc (GOOGL.O), announced on Monday that any U.S. company with…
Deliveroo suspends pay cut for UAE delivery riders after rare worker strike
DUBAI, May 2 (Reuters) -
After a rare strike by foreign delivery employees in the Gulf Arab state, over…
Netflix drops Meghan Markle’s animated series ‘Pearl’
May 1 (Reuters) -
Netflix Inc (NFLX.O) announced on Sunday that it had opted to halt production on Meghan…
The Fed wants to cool the U.S. housing market. Here’s what that feels like
(Source: Reuters)
Harsh Grewal and his wife settled on a place in a San Francisco suburb in mid-April, months…
U.N. chief calls for debt relief, post-COVID investment on West Africa trip
(Reuters) - DAKAR, May 1 (Reuters) - On Sunday,
United Nations Secretary-General Antonio Guterres called for…
Stocks slide, dollar holds ground as U.S. rate hike looms
Reuters, MILAN, May 2 -
Concerns over economic growth lingered ahead of an expected U.S. rate hike this week.…
Oil slips on China growth worries, EU weighs Russian crude ban
Fears regarding China's growth are increased by the country's declining industry activity.
(Reuters) - LONDON,…
Circa Wants To Make First-Of-The-Month Rent Payments Obsolete
Paying rent on time can mean the difference between having a place to live, and well, not. Circa believes there is…