After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators (MNOs) that birthed the revolution…
Day: August 3, 2021
Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their…
Oil Falls A Second Day With Delta’s Spread Threatening Demand
Oil fell for a second day as the spread of the delta coronavirus variant, including in the key market of…
Sterling Gains On Optimism For UK’s COVID-19 Restrictions Outlook
Sterling rose on Tuesday, helped by recent falls in COVID-19 infections in Britain, optimism around Britain’s easing of lockdown restrictions…
UK Inflation Forecast To Hit 3.9% In Early 2022
UK consumer price inflation has been forecast to hit 3.9% next year, a think tank said on Monday. The National…
Moscow Exchange To Extend Bond Trading Hours To Attract Retail Investors
The Moscow Exchange (MOEX) plans to extend the hours during which bonds can be traded from this autumn in a…
Africa’s Most Populous City Is Battling Floods And Rising Seas. It May Soon Be Unlivable, Experts Warn
Lagos, Nigeria (CNN)Cars and houses submerged in water, commuters wading through buses knee-high in floods, and homeowners counting the cost…
Dollar On Back Foot Vs Safe-Haven Peers As Delta Virus Spreads
The dollar was on the back foot against the safe-haven yen and Swiss franc on Tuesday after soft U.S. manufacturing…
China’s Yuan Slips As Domestic Coronavirus Cases Rise
China’s yuan weakened on Tuesday as a surge of coronavirus cases of the Delta variant in the country prompted tough…
Businesses Face Many Challenges In Nigeria, Says US Envoy
The United States Consul General in Nigeria, Claire Pierangelo, has said that businesses in Nigeria face many challenges, while expressing…
Marvell Tech To Acquire Innovium For $1.1 Bln As It Courts More Cloud Customers
Marvell Technology Inc (MRVL.O) on Tuesday said it has agreed to acquire chip startup Innovium in a $1.1 billion all-stock deal aimed…
Amazon Warehouse Workers Overwhelmingly Rejected A Union. Now They May Vote Again
A U.S. labor board official has recommended a rerun of a landmark Amazon.com Inc (AMZN.O) union election in Alabama where employees had…
UK Takeovers Hit 14-Year High In First Seven Months Of 2021
Takeovers of British companies hit a 14-year high by value in the first seven months of 2021, Refinitiv data shows,…
Hong Kong Regulator Fines UBS $1.5 Mln For Compliance Breaches
Swiss bank UBS (UBSG.S) was fined HK$11.55 million ($1.5 million) by Hong Kong’s securities regulator for failing to disclose its holdings in…
Hippo CEO Hopes Listing Will Fuel Better Insurance Coverage For Homeowners
Hippo Enterprises Inc (RTP.N) wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage,…
SolarEdge Shares Surge After Quarterly Earnings Top Estimates
Shares of SolarEdge jumped nearly 12% during premarket trading on Tuesday after the company topped expectations during the second quarter…
Bill Gates And Melinda French Gates Are Officially Divorced Following 27-Year Marriage
Microsoft co-founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with…
Treasury Yields Climb, 10-Year Rate Rises To 1.19%
U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about a slowdown…
Nigerians Spend Over N100 Billion On Browsing In 2020
The Nigerian telecommunication industry recorded significant growth in the year 2020, as Nigerians consumed a total of 205,880.4 terabytes worth…
Zoom To Settle US Privacy Lawsuit For $85 Mn
Zoom, the video conferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday.…
Senegal Seeks Nigeria’s Support To Develop Oil, Gas Sector
The Minister of State for Petroleum Resources, Chief Timpre Sylva, has commended the effort of the Senegalese government in seeking…
Senate Uncovers Irregularities In N1.1tr Federal Government Of Nigeria Investments At Financial Institutions
The Senate has uncovered irregularities in N1.1 trillion Federal Government investments in Crown Agents Bank and other financial institutions. Crown…
NNPC Set To Declare First Profit To Nigerians
The Nigerian National Petroleum Corporation (NNPC) has announced that it will declare its first profit to Nigerians as it prepares…
UAC Of Nigeria Reports N46.5bn Revenue In H1 2021
UAC of Nigeria Plc has announced N46.5billion revenue in its unaudited result and accounts for half year ended June 30,…
Economists Fear Europe’s Recovery Could Be Derailed By One Key Issue
European consumers are proving more reluctant to spend money this summer, and it could hurt the economic recovery following the…
Transcorp Hotels Records 84% Revenue Growth
Transcorp Hotels Plc has announced its un-audited financial statements for the half-year ended June 30, 2021. The results published on…
Stock Investors Reap N30bn As 18 Firms Gain
Equities listed on the Nigerian Exchange Limited gained N30.03bn at the end of trading on Monday, even as the number…
Anxiety Over Earnings Pushes Indices Up By N327 Billion In July
Anticipation of improved half-year (H1) earnings and accompanied dividend declarations triggered bargain-hunting on the equities sector of the Nigerian Exchange…
Twitter’s Dorsey Leads $29 Bln Buyout Of Lending Pioneer Afterpay
Square Inc (SQ.N), the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay later pioneer Afterpay Ltd (APT.AX) for $29…
Crypto Sector Sees Outflows For 4th Week In A Row, CoinShares Data Shows
Cryptocurrency investment products and funds posted outflows for a fourth consecutive week, the bulk of which came from bitcoin products,…