GameStop, Other ‘Meme Stocks’ Soar As Markets Eye Stimulus Boost
GameStop Corp and other so-called meme stocks surged on Wednesday, continuing a rally that has put the video game retailer’s…
Day: March 10, 2021
Volkswagen Hikes Battery Cell Demand In EV Expansion Push: sources
Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for…
Huawei Customer United Group Considering Changing Telecom Gear Vendor
Balkan telecoms and media company United Group is considering switching parts or all of the Huawei equipment that dominates its…
Reddit Forums Get Behind Roblox Ahead Of Stock Launch
Roblox Corp is set to join the ranks of the so-called “meme stocks” such as GameStop at the center of…
Hilton Grand Vacations To Buy Diamond Resorts International For About $1.4 Billion
Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc from funds managed by affiliates of…
Norway Wealth Fund To Probe Firms That Could Be Using Forced Labour From Xinjiang
Norway’s $1.3 trillion wealth fund will probe whether companies it is invested in may be using the labour of ethnic…
General Electric Reaffirms 2021 Free Cash Flow Outlook
General Electric Co on Wednesday reiterated its forecast to generate $2.5 billion to $4.5 billion in free cash flow this…
U.S. House Set For Final Approval Of $1.9 Trillion COVID-19 Bill In Early Win For Biden
President Joe Biden is poised on Wednesday for his first major legislative victory when the House of Representatives is expected…
Fire Destroys Servers At French Data Company OVHcloud
An overnight fire at French cloud computing company OVHcloud, which this week started the process for a potential IPO, destroyed…
After Raising $179m, Nigeria’s $1Billion Valued Flutterwave Eyes New York Listing
Nigeria-founded payments company Flutterwave has raised $170 million from investors to expand its customer base, pushing its valuation up to…
Ex-Dangote GM, Two Others Jailed For $32,000 Insurance Fraud
Justice S. S. Ogunsanya of the Lagos State High Court, on Tuesday, sentenced a former General Manager of the Dangote…
Experts Brainstorm On Marketing Communications
A marketing and advertising publication, Marketing Edge, is set to host leading experts in the integrated marketing communications (IMC) sector at the…
NESG Launches Debt Management Initiative
The Nigerian Economic Summit Group (NESG) and the Open Society Initiative for West Africa (OSIWA) have launched the Debt Management…
Over N527bn Ibori Loot Still Being Expected —Federal Government
The Federal Government says over £100m (N527bn), allegedly stolen by a former Governor of Delta State, James Ibori, and his…
AfDB Approves $1.3m Grants For Female Financial Inclusion
The African Development Bank has approved two grants for research that will increase African women’s access to a range of…
Central Bank Of Nigeria Receives 286 Proposals For Health Research Grants
The Central Bank of Nigeria has said that it received over 286 proposals from the public for grants under its…
UBA Launches Mobile Banking App For 20 African Countries
United Bank for Africa (UBA) yesterday launched a new mobile banking for Nigeria and 19 other African countries. The app,…
Market Players Seek End To Rising Unclaimed
As listed firms release 2020 full-year results, capital market investors have renewed calls on the Securities and Exchange Commission (SEC)…
Stock Investors Lose N371Bn In One Day
Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the…
Nigerian Electricity Regulatory Commission Concerned About Estimated Billing For Faulty Meters
Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution…
ITV Shares Fall After Presenter Morgan Leaves Broadcaster
Shares in British broadcaster ITV plc fell on Wednesday with traders attributing at least part of the move to the…
Adidas, Telecoms Help European Stocks Eke Out Gains
Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales…
Dollar Edges Up As U.S. Yields Stabilise
The U.S. dollar rose on Wednesday, clawing back some of its losses sustained overnight, as U.S. yields found a floor…
Russia Slows Twitter’s Speed Over Failure To Remove Banned Content
Russia’s state communications watchdog said on Wednesday it was restricting the use of Twitter by slowing down its speed, accusing…