Housing Boom Is Over In United State As New Home Sales Fall To Pandemic Low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the united…
United State Manufacturers Take A Double Hit From Labor And Materials
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said…
Ransomware Key To unlock Customer Data From Attack
A computer key that can unlock the files of hundreds of companies which were hacked in a large-scale cyber-attack has been obtained, BBC reported on Friday. US IT firm Kaseya…
Expert Urges Data Security Against $6tr Loss
Chief Executive Officer, Youverify, Dr Gbenga Odegbami, has advised individuals and companies to take data security seriously. Speaking on the sidelines of the launch of YouID in Lagos at the…
Huawei To Invest $150m In Africa’s Digital Talent Development
Huawei has said it plans to invest $150 million in digital talent development over the next five years, which will be beneficial to about three million youths in Africa. The…
Federal Government Of Nigeria Extends NIN-SIM Verification Again To October 31
The Federal Government has once again approved the extension of the deadline for National Identity Number (NIN)-Subscriber Identity Module (SIM) data verification from July 26, 2021, to October 31, 2021.…
After Crypto Market Woes, Central Bank Of Nigeria Considers ENaira Launch Oct
There are key expectations for the eNaira currency to be launched by the Central Bank of Nigeria (CBN) this October especially as the Nigerian crypto currency market has had several…
External Reserves Gain $76.5 Billion In Seven Days
In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures gained an average of $76.5 million in seven days. The…
VAT, Multiple Taxations Undermine Stock Market Performance
Barely two years after the resumption of Value Added Tax (VAT) to the stock market, investors have returned about N30 billion into government coffers. The amount includes the 10 per…
U.S Federal Reserve Facing Twin Inflation, Growth Risks As Virus Jumps And Supply Chains Falter
U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased coronavirus infections and a global supply chain that, far from…
After $4 Billion In Losses, Heathrow Tells UK To Open Up Travel
London’s Heathrow Airport urged Britain to open up travel to vaccinated passengers after its recovery fell behind hubs elsewhere in Europe, pushing its cumulative pandemic losses to $4 billion. Heathrow,…
Three Stocks That Are Grabbing Our Attention
United Capital Plc is a leading financial services Group in Africa focused on leveraging technology to empower businesses, individuals and governments with excellent financial services, while contributing to economic growth…
Court Restrains FG from Accessing N200bn Unclaimed Dividends
A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders in the capital market estimated to…
China Blames U.S. For ‘Stalemate’ In Ties As Talks Begin
China blamed the United States on Monday for a “stalemate” in two-way ties, accusing it of creating an “imaginary enemy”, and setting a confrontational tone during a meeting with U.S.…
Stock Market Rebounds With N376bn Weekly Gain
Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite the lower trade volume occasioned by the public holidays on…
Virtual Events Platform Eventtus Is Acquired By US Firm Bevy
Egyptian virtual events platform, Eventtus has been acquired by Bevy, a Silicon Valley-based company that specialises in enterprise-grade virtual event & in-person customer-to-customer community management. Founded in 2012 by Mai…
Africa-Focused Credit Fund, BluePeak, Hits The First Close Of Its Maiden $200 million Credit Fund
Africa-focussed alternative asset management firm BluePeak Private Capital has hit the first close of its maiden $200 million credit fund, a person directly aware of the development told The Capital…
Egypt-Based Elmenus Raises US$10 Million In A Pre-Series C Round
Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from MENA- and North America-based investors. With its new strategy to take minority…
Electric Vehicles Charging Station Debuts In Lagos
Vehicle electrification in Nigeria got a boost this week as the federal government commissioned another solar powered electric vehicle charging station in Lagos. The project, built by the National Automotive…
CBN Disburses N97.8b For Healthcare Projects
The Central Bank of Nigeria (CBN) has disbursed N97.8 billion out of the N100 billion lifeline it approved for the healthcare sector. The fund was committed to 98 healthcare projects…
Ecobank Announces Zero Fees For Transactions On Rapidtransfer
In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate Nigerians in the diaspora by making transactions on its proprietary…
N1.3tn Laundered Between 2011 And 2015 – Report
A civil society, YIAGA Africa has disclosed that Nigeria lost at least $582 billion to endemic corruption since independence. The group further revealed that about N1.3 trillion of public funds…
Nigeria Puts Six States On ‘Red Alert’ Over Virus Fears
Nigeria has put six states and its capital on “red alert” over rising coronavirus cases, the government said late on Saturday, urging caution ahead of the Muslim festival of Eid…
OPEC+ Set To Meet As Cartel Edges Toward End Of Standoff
OPEC and its allies will meet on Sunday, the latest sign that a bitter standoff between Saudi Arabia and the United Arab Emirates has been resolved. Oil ministers will meet…
Nigeria’s Inflation Rate Slows To 17.75% In June – Third Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods and services, dropped to 17.75 percent in June from 17.93 in May. This is according…
Pound Recoups Early Losses On Signs Of Hawkish Turn At BOE
Sterling reversed earlier losses on Thursday and moved higher after Bank of England policymaker Michael Saunders said the central bank could decide to halt its bond-buying programme early due to…
FCMB Limited Appoints Mrs. Oluwatoyin Olaiya As Executive DIrector, RIsk & Compliance
The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. OluwatoyinOlaiya as Executive Director, Risk & Compliance. This follows the approval of…
Worst Violence In Years Spreads In South Africa As Grievances Boil Over
Crowds clashed with police and ransacked or set ablaze shopping malls in cities across South Africa on Tuesday, with dozens of people reported killed, as grievances unleashed by the jailing…
Facebook Seeks U.S. FTC Chair Lina Khan’s Recusal In Antitrust Case
Facebook (FB.O) on Wednesday asked for the recusal of Federal Trade Commission Chair Lina Khan from the FTC’s antitrust case against the company, a step that could imperil the agency’s…
SUSE Reports In-Line Results, Confirms Guidance Following IPO
German open-source software company SUSE (SUSEG.DE) on Thursday reported results in line with expectations and confirmed its guidance, in the first set of quarterly results since it floated on the…