Online Gambling company Entain Buys Esports Betting Startup Unikrn As It Looks To Triple Its Business
When Jette Nygaard-Andersen took the helm of U.K. online gambling company Entain, a pandemic was raging and the company had…
Month: August 2021
Airbnb Shares Fall After Company Reports Revenue Jump Of 300% But Warns About Delta
Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s…
European Markets Set For Muted Open As Investors Assess Data, Covid
European markets are heading for a cautious open Friday, as investors assessed global economic indicators and rising Covid-19 cases in…
Stock And Forex Trading Regulations In Nigeria
Nigerian trading market: a brief overview Although somewhat similar, it is important to note the difference between stock and Forex trading.…
More Than $600 Million Stolen In What Is Likely To Be One Of The Biggest Cryptocurrency Thefts Ever
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers…
AMCON Rubbishes Reports Of Possible Seizure Of Dangote Refinery
The Assets Management Corporation of Nigeria (AMCON) has rubbished reports that it was planning to take over the Dangote Refinery…
Fixed Income, FX Markets Sustains Momentum Recording N15.31trn, $10.12bn Turnover In One Month
Investors’ interest in the fixed income and currencies markets has continue to soar as both markets recorded significant increase in…
FG Generates N512 Billion VAT In Second Quarter Of 2021
The National Bureau of Statistics (NBS) says the federal government generated N512.25 billion as Value Added Tax (VAT) in the second quarter…
Exclusive-Fed’s Barkin: U.S. “Closing In” On Taper, But Could Still Take A Few Months
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can…
Semiconductor Veteran Confirms He’s Part Of A £300 Million Plan To Buy The United Kingdom’s Largest Chip Plant Back Off China
Semiconductor veteran Ron Black, the former CEO of the U.K.’s Imagination Technologies which used to design chips for Apple, is…
Wall St Set To Rise As Inflation Growth Slows
Wall Street’s main indexes were set to open slightly higher on Wednesday after data showed that growth in inflation appeared…
Analysis: Peak OPEC? Climate-Focused Production Shift To Pile Pressure On Pact
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…
Dow Futures Jump 120 Points After Inflation Report Is Not As Bad As Feared
U.S. stock index futures rose on Wednesday after inflation jumped, but not by quite as much as investors feared when…
As Gas Prices Rise, White House Says OPEC Action Is ‘Simply Not Enough,’ Calls For Federal Trade Commission Scrutiny
The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing…
Deliveroo Doubled Orders And Trimmed Losses In The First Six Months Of 2021
Deliveroo doubled orders in the first half of 2021, as appetite for food delivery services held up even as coronavirus…
Treasury Yields Climb Ahead Of Consumer Price Index Inflation Data
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation…
Biden Says Afghans Must ‘Fight For Themselves’ As Taliban Advances, Does Not Regret United State Withdrawal
President Joe Biden said Tuesday he does not regret his decision to withdraw U.S. forces from Afghanistan, a move that…
Senate Approves Framework Of $3.5 Trillion Budget Plan That Would Expand Medicare, Tax Credits And Climate Initiatives
Senate Democrats took their first step toward passing a $3.5 trillion spending plan as the party forges ahead with a…
United Nation Climate Report Is Our ‘Final Wake-Up Call,’ Say Environmental Experts
A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by…
More Than $600 Million Stolen In What Is Likely To Be One Of The Biggest Cryptocurrency Thefts Ever
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers…
Surging Demand For Renewable Will Boost These 3 Metals, Analysts Predict
A transition to renewable sources of energy will prompt a surge in demand for base metals in the coming years,…
Lenovo Q1 Profit More Than Doubles, Beats Expectations
China’s Lenovo Group Ltd (0992.HK), the world’s biggest maker of personal computers, on Wednesday posted a better-than-expected jump in first-quarter profit…
Facebook Removes Russian Network That Targeted Influencers To Peddle Anti-vax Messages
Facebook (FB.O) said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which…
Analysis-Investors Look Under The Radar For Winners From U.S. Infrastructure Bill
Investors are ramping up the search for stocks that could benefit from a potential splurge in infrastructure spending, as a…
Dutch Bank ABN Amro’s Q2 Net Profit Beats As Economy Recovers
Dutch bank ABN Amro reported on Wednesday a better-than-expected net profit of 393 million euros ($460.48 million)for the second quarter,…
Fed’s Evans: Wants “Few More” Job Reports Before Bond Taper
The current inflation spike shouldn’t push the Federal Reserve to tighten monetary policy prematurely, with more months of labor data…
FG Targeting 50 Billion-Barrel Oil Reserves – DPR
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels…
Why Forex Supply To BDCs Cannot Be Sustained Now
Some of the main aims for the sales of forex to operators of licenced Bureau de Change outlets was to…
Nigeria Experienced Increase In Export Of Manufactured Goods, Employment And Productivity In July – Report
The Stanbic IBTC Bank Nigeria’s Purchasing Manager Index (PMI) report has stated that the export of Nigerian manufactured goods, employment…