Turkey’s Nuclear Power Dilemma
Turkish and Russian officials laid the foundation for the third reactor of Turkey’s first nuclear power plant Akkuyu in the…
Month: March 2021
Nokia Signs Patent License Pact With Samsung
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company…
Biden’s $1.9 Trillion COVID-19 Bill Wins Final Approval In House
The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American…
Tesla Raises Price Of Variants Of Model Y, Model 3, Model S
Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car…
SoftBank-Backed Coupang Raises $4.6 Billion In U.S. IPO
Coupang LLC, South Korea’s largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this…
Rolls-Royce Plunges To Worse Than Expected $5.6 Billion Loss
British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic…
Asia Stocks Soar As Receding Inflation Worries Bolster Confidence
Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns…
China’s Smartphone Shipments Build On Post-Pandemic Rebound In February
China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data published on Thursday showed,…
Millions Of Websites Offline After Fire At French Cloud Services Firm
A fire at a French cloud services firm has disrupted millions of websites, knocking out government agencies’ portals, banks, shops,…
NPA Issues New Guidelines To Truckers Curbing Confusion, Irregularities
Following the challenges limiting the efficiency of the newly introduced electronic call-up system for management of truck traffic into Lagos…
Nigeria Provisionally Awards Tenders To Develop 57 Marginal Oilfields -Sources
Nigeria’s petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter…
CBN’s Naira-For-Dollar Policy Will Boost Economy
The African Centre for Justice and Human Right (ACJHR), by Nduka Edede Chinwendu, has hailed the introduction of the ‘Naira-for-Dollar’…
Investors Bracing For Bank Of Canada To Taper As Decision Looms
The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the first clues…
Pound-Dollar Rate Still An “Undervalued” Buy At CBA
The Pound-to-Dollar rate is this week struggling to recover back above 1.39, but Sterling remains significantly undervalued on at least…
Nigerian Stock Exchange Wins Approval For Public Listing
The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its…
CBN’s FX Policies Spurred Popularity Of The Parallel Market
The parallel market in Nigeria is out of favour with policymakers again, but it is still wildly popular among economic…
Oil Rises On OPEC+ Supply Restraint And Brighter Economic Forecast
Oil prices rose on Wednesday, supported by an OECD forecast for on global economic recovery and by OPEC+ oil output…
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…
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…