Nigeria: Globacom Redefines TV Viewing With Glo TV Launch
In a bold step to redefine television viewing experience for all Nigerians, Globacom has announced the launch of Glo TV, an innovative TV streaming…
Month: August 2021
Nigeria: FG, States, LGAs To Get New Revenue Formula This Year –RMAFC
Twenty-eight years after the last revenue sharing formula was introduced, the Chairman of Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr…
Stocks Making The Biggest Moves Premarket: Dick’s Sporting, J&J, Express, Shoe Carnival, Others
Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares jumped 4.9% in the premarket, as its quarterly earnings beat…
Ray Dalio Is Wrong About China’s Tech Crackdown, Economist Says
China expert George Magnus disagrees with Bridgewater Associates’ Ray Dalio on Beijing’s tech crackdown. In a LinkedIn post this month,…
Nigeria: FG Releases N1.3trn To Fund 2021 Capital Budget
The federal government has released N1.3 trillion to fund part of the 2021 capital expenditure budget of its Ministries, Departments…
Nigeria: Reps Direct PPPRA To Produce Consumption, Revenue Remittances Records
The House of Representatives committee on Finance has directed the Pipeline Products Pricing Regulatory Agency (PPPRA) to reconcile its daily…
Nigeria: Ending Subsidies Puts Nigeria On Fiscal Sustainability Path
A former Governor of the Central Bank of Nigeria (CBN) and a former Emir of Kano, Sanusi Lamido Sanusi, has…
Nigeria: Facebook Extends Marketplace Initiatives To 37 SSA Countries
Facebook has extended its marketplace initiatives to 37 countries and territories in sub-Saharan Africa. Already available in South Africa, Ethiopia,…
South Africa, Namibia, Nigeria Top Global Unemployment Rates – Report
Nigeria has the third highest unemployment rate at 33.3 per cent, while South Africa has the highest rate among a…
Nigeria: NGX Securities Lending Market Value Rises To N513m
According to NGX’s most recent report, there has been an uptick in stakeholders’ participation as 2.3 million units of MTNN…
Nigeria: Capitalisation Rises By N13 Billion As NGX Marks Diamond Jubilee
Despite price losses that outweighed gains, the bulls upstaged the bears at the end of yesterday’s transactions on the equities…
Nigeria: Collaboration Between Registrars And Capital Market Operators, Key To Solving Unclaimed Dividends
Collaboration between Registrars and Capital Market Operators is vital to reducing the high cases of Unclaimed Dividends in Nigeria. The…
Hunters Brings In $30M Series B To Grow XDR Security Tech
With the growing volume of ransomware and supply chain security attacks, there is a need for organizations to more rapidly detect threats.…
Stocks, Futures Steady; China Tech Rebound Stalls: Markets Wrap
Stocks and U.S. futures were steady as a rebound in Chinese technology shares stalled and markets settled into a holding…
European Shares Subdued Ahead Of Fed Summit
European markets were muted on Wednesday, tracking global sentiment as investors await a key meeting of central bankers. The pan-European Stoxx…
The U.S. Is Reviewing Its Trade Policy With China
Seven months since U.S. President Joe Biden took office, his administration has yet to establish a trade policy with China. U.S. Trade…
Treasury Yields Edge Higher As Investors Gear Up For Fed Summit
U.S. Treasury yields edged higher on Wednesday morning, as investors geared up for the Federal Reserve’s Jackson Hole symposium. The…
Biden To Host Tech, Finance And Energy CEOs For Security Summit At White House Following Wave Of Cyberattacks
President Joe Biden will meet Wednesday with top executives from several of the largest companies in tech, financial services, insurance,…
Retail Trading Apps In Nigeria Face A Defining Moment
There are four startups that allow Nigerians to invest in shares of public companies on US exchanges. But unlike Trove,…
Smuggling: NCS, NSA Grant Border Stations Waivers, Says DPR
The Department of Petroleum Resources has faulted the claim by the Nigeria Customs Service that it was partly responsible for…
South African Unemployment Rate Rises To Highest In The World
South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg. The jobless…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Oil Extends Gains On Brighter Demand Outlook, Mexico Outages
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Discos Beg Customers As Blackout Worsens On Grid Collapse
The national power grid has collapsed for the second time in less than a month, worsening the blackout being experienced…
Investors’ Lose N25bn As Stock Market Open Week Negative
Trading at the Nigerian equities market extended last week’s negative performance to the beginning of business for the week yesterday,…
Gas Consumption Lowest In Nigeria Despite 206 Tcf Reserves
Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per capita consumption…
Dollar Holds Near Five-Day Low; Kiwi Dollar Picks Up After Hawkish Comments
The dollar was steady on Tuesday, holding near the previous session’s five-day low, as markets appeared less concerned by the…
Sterling Holds Gains Vs. Dollar After Risk-Led Rebound
Sterling edged lower against the dollar on Tuesday, but held most gains made against the greenback on the back of…
Agusto Report: CBN’s Standardised CRR Shook Banks’ Profitability In 2020
Nigeria’s foremost research house and rating institution, Agusto & Co Limited has disclosed that Central Bank of Nigeria’s (CBN) standardised Cash…