Twitter Sees Revenue Doubling In 2023, Shares Hit Record High
Twitter Inc said Thursday it expects to double annual revenue to at least $7.5 billion and reach 315 million users…
Day: February 25, 2021
Google Pledges Changes To Research Oversight After Internal Revolt
Alphabet Inc’s Google will change procedures before July for reviewing its scientists’ work, according to a town hall recording heard…
Manipulation Forms 56% Of N5.2Bn Banks Lost To Online Crime In 2020
Online criminals in 2020 made away with N5.2 billion from digital banking channels such as the web and mobile, mostly…
Trademark: Nigeria Firm Floors Facebook In Court
The Lagos Division of the Court of Appeal has dismissed an appeal filed by Facebook Inc and Facebook Ireland Limited…
Report: Nigeria Records High Internet Usage, Low Download Speed
A recent report published by We Are Social and Hootsuite has shown that Nigeria maintains high record of internet usage,…
Former Mining Exec Details Suitcase Full Of Cash He Used To Seal Deals
A former Glencore director said he used to fly the world carrying a bag full of cash to secure deals…
Nigeria Will Need Supplementary Budget For COVID-19 Vaccines -Finance Minister
Nigeria will draw up a supplementary budget in March to cover the cost of COVID-19 vaccinations, for which no provision…
Nigeria Seeks Fund Manager For $37 Billion Infrastructure Unit
Nigeria plans to hire an asset manager for its new Infrastructure Corp. of Nigeria Ltd., designed to raise as much…
Nigeria: Influx Of Foreign Miners Causing Tension In Edo Communities
Communities in Dagbala and Uneme-Erhurun in Akoko-Edo Local Government Area of Edo State are under tension following the influx of…
Brazil, Nigeria Are Most At Risk Of Oil-Induced Rate Hikes
After an epic collapse last year, oil prices have tripled since April, raising inflationary pressures in emerging markets. Some central…
Nationwide Outage Hits Fed Reserve Banking System
Yahoo Finance’s Brian Cheung joined Yahoo Finance Live to break down the details of Powell testifying on Capitol Hill in…
In Boost For COVID-19 Battle, Pfizer Vaccine Found 94% Effective In Real World
The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly effective at…
Analysts Predict 12% Growth In IoT Semiconductor By 2025
IoT Analytics, a provider of market insights and competitive intelligence for the Internet of Things (IoT) has estimated that semiconductors…
Exit From Recession, Result Of Our Fiscal Policies — Federal Government Of Nigeria
The federal government said yesterday the country’s recent exit from recession was a direct result of its fiscal policies. Government…
Central Bank Digital Currencies: The Next Big Thing In Global Finance
Interest in bitcoin and other cryptocurrencies is surging and central banks don’t want to be left behind by financial innovation.…
Labour Gives Conditions To Support Refineries’ Privatisation
The Nigeria Labour Congress (NLC) yesterday hinged its support for the planned privatisation of the country’s refineries on the process…
Nigeria Loses N151.78Bn Crude Oil Monthly – Nigerian National Petroleum Corporation
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on…
Federal Government Of Nigeria Urges Accountants To Embrace Whistle-blower Policy
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has urged accountant and other professionals in the financial…
Osinbajo To Lead Discussions At Banks’s CEOs Summit On Economic Growth Tomorrow
Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, Governor of the Central Bank of Nigeria, Godwin Emefiele and Chief Executive…
United Capital Grows Full Year’s Profit by 61% To N8Bn
Foremost pan-African financial and investment services group, United Capital Plc, has defied the headwinds in the operating environment to record…
NSE Market Capitalisation Appreciates By N27Bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by…
Sustained Bargain Hunting Lifts Capitalisation Further By N30Bn
Trading on the floor of the Nigerian Stock Exchange (NSE) continued in an upbeat manner yesterday, occasioned by bargain hunting…
Raising Rates Abruptly Could Jeopardise Economic Recovery: ECB’s Schnabel
Raising interest rates too abruptly could jeopardise economic recovery, European Central Bank board member Isabel Schnabel said in an interview…
Neoen Lines Up Government Funding For Big Battery In Australia
France’s Neoen has won A$160 million ($128 million) in cheap finance from the Australian government to help fund what will…
World Shares Jump After Powell Nixes Rate Hike Fears
Global stocks jumped on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a…
RMB Included In Russia’s National Wealth Fund
The Chinese yuan and the Japanese yen have been included in the regulatory currency structure of Russia’s National Wealth Fund…
Digital Yuan Scammers Gathering Momentum As Token Rollout Nears
Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as…
Fed To Keep Policy Easy, Stay Patient As U.S. Economy Revives
Amid market expectations the Fed may be forced to tighten monetary policy sooner than expected, top U.S. central bankers delivered…
Nigeria Losing 0.2m Barrels Of Oil Daily To Theft, Vandalism
THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has disclosed that Nigeria is presently…
Oil Rises After Data Shows Slump In U.S. Output Amid Texas Freeze
Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after…