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…
Month: July 2021
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…
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…
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…
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…
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)…
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…
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…
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…
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…
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…
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…
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…
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”,…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…