China’s iQiyi Halts ‘Idol Competition’ Programs Amid Criticism
Chinese video streaming platform iQiyi (IQ.O) said on Thursday it would stop showing all “idol competition” programs, calling them unhealthy amid a…
Month: August 2021
Stocks Making The Biggest Moves Premarket: Big Lots, Hibbett Sports, Peloton, Gap And Others
Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates…
Investments In 4G Drops 7 Percent As NCC Assures Of 5G Deployment
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union…
Microsoft Wins U.S Patent For Crypto Token Creation
American tech giant Microsoft has been awarded a U.S patent for techniques, for implementing a cross-chain token management system, to…
Nigeria: FG to Pay Arrears of Minimum Wage To Varsity Staff October
The federal government has given an undertaken to clear the arrears of the consequential adjustment on the new minimum wage…
Nigeria: Elevated CRR Level Moderated Banking Industry’s Performance, Liquidity Position In FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for…
Game Developer Nexters Debuts On Nasdaq With Help Of Kismet
Video game developer Nexters and a Russian special purpose acquisition company (SPAC) Kismet (KSMT.O) have completed their business combination to start trading…
Nigeria:CIBN Canvasses Tax Expansion To Improve Revenue
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State chapter has suggested the restructuring of existing systems for tax…
Nigeria’s GDP Grows Further By 5.01% In Q2 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three…
Nigeria: Troubles Ahead, Experts Warn As Debt Servicing Gulps 91% Of Revenue
The Federal Government spent N2.02tn on debt servicing in the first six months of this year. This figure represents 90.58…
Nigeria: NNPC Records N287bn As 2020 PAT
President Muhammadu Buhari, has announced a N287 billion profit after tax for the Nigerian National Petroleum Corporation (NNPC) in the…
Nigeria:Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat…
As China Tightens Data Rules, Xpeng Says It’s On The ‘Right Side’ Of Regulation
Xpeng’s president says the Chinese electric vehicle maker is on the “right side of the regulation,” as Chinese authorities tighten…
In Major Policy Change, Apple Will Allow Developers To Email Customers About Alternatives To App Store Billing
Apple will allow app developers to email their users about non-Apple purchase options, in a major change to App Store policies.…
Education Department Will Cancel Student Debt For 115,000 Borrowers
The U.S. Department of Education announced Thursday it will cancel $1.1 billion in student debt for 115,000 borrowers. The relief will go…
This 12-year-old Coder Is Set To Earn Over $400,000 After About 2 Months Selling NFTs
Benyamin Ahmed isn’t your average 12-year-old. When he’s not at school, he enjoys swimming, taekwondo — and learning how to…
Nigeria’s Economy Grows 5% In Q2 2021 — Strongest Since 2014
Nigeria’s gross domestic product (GDP) increased by 5.01 percent in the second quarter of 2021 — strongest growth since fourth…
China’s Regulatory Crackdowns Are Already Hurting The Economy
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s campaign to clamp down on industries ranging…
U.K. Labor Shortage Leaves Consumer Businesses Gloomy, CBI Says
Britain’s consumer-facing companies including bars and restaurants turned pessimistic about the outlook in August as a shortage of workers to…
Oil Rally Ends Amid COVID-19 Concerns, Returning Supply
Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut…
CBN To Raise $2bn For Girl Child Education Towards SDG4
The Central Bank of Nigeria CBN, has pledged to raise over $2 billion to increase and improve girl child education…
World Remit Raises $292m, Rebrands As Zepz
Digital Money Transfer firm, World Remit, now Zeps has has announced that it raised $292 million in new primary Series…
Oil Steadies After Three-Day Rally With U.S. Stockpiles Falling
Oil steadied after the biggest three-day gain since March with falling U.S. crude and fuel stockpiles adding some positive signs…
NNPC Pegs 2022 Base Oil Price At $57/Barrel
The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that…
Nigeria’s Real GDP Grew By 5.01% YoY In Q2 2021 From 0.51% In Q1 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01%(year-on-year) in real terms in the second quarter of 2021, marking three consecutive…
London Tech Firms Struggle To Hire As Silicon Valley Giants Scale Up In The City
Technology firms in London are finding it increasingly difficult to recruit tech workers as Silicon Valley tech giants scale up…
Telecoms: Nigeria’s Data Usage Rises By 202% In Three Years
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission.…
Nigeria: Importation Of Petroleum Products Will Soon Be Over
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum products into the country would soon be…
Nigeria: Stakeholders Proffer Solution To Better Intra-African Trade
As Africa gears toward the implementation of the African Continental Free Trade Area (AfCFTA) agreement, stakeholders at a virtual event…