Exclusive U.S. SEC To Scrutinize Firms’ Digital-Eengagement Practices As Investor Worries Grow
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms…
Month: August 2021
Goldman Sachs Raises Odds On U.S. Fed Taper Announcement In Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds…
S&P 500, Nasdaq Hit Record Highs On Recovery Optimism
The S&P 500 and Nasdaq hit record highs on Tuesday, boosted by oil and travel-related stocks, after a full U.S.…
Lagos Building Investment Coy. PLC (LBIC) Records Profit, Defies Tough Operating Environment
—Fixes date for 16th Annual General Meeting (AGM) The Lagos Building Investment Company Plc. (LBIC), defied the tough operating environment…
Stocks Making The Biggest Moves In The Premarket: Best Buy, Palo Alto Networks, Camping World And More
Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the…
China’s Cyberspace Regulator Lays Out Two Main Conditions For Companies Wanting To Go Public
Chinese companies wanting to go public — including overseas — must comply with two main aspects of a wider set…
Stocks Are Getting A Delta Peak And Growth Slowdown Wrong, Market Bull Jim Paulsen Says
There may be a new reason to follow the smart money. According to The Leuthold Group’s Jim Paulsen, the stock…
Best Buy Shares Rise On Earnings Beat, Retailer Says Consumers Are Upgrading Tech To Work At Home
Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers continued upgrade devices and equipment to support habits…
S.Korea Set To Curb Google, Apple Commission Dominance
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping…
Nigeria: FG Earned N1tn from Digital Economy in Two Years, 5G 95% Ready For Deployment
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital sector generated over N1…
Nigeria: 1.2 Million Subscribers Changed Mobile Service Providers – NCC
The number of subscribers that left their mobile telecommunications service providers for other mobile networks rose to 1,222,124 in June…
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…
Nigeria: FG To Unveil Five-Year Development Plan In October
The Federal government on Monday disclosed plans to unveil the Medium-Term National Development Plan 2021-2025 in October. According to the…
Fintech Has The Potential To Change The Capital Market – NGX
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively build a digital economy. This…
Nigeria: United Capital Increases Issuance of CPs to N50bn
United Capital Plc has notified the Nigerian Exchange Limited (NGX) that it has secured the approval of FMDQ Securities Exchange…
Airbnb Says It Will Host 20,000 Afghan Refugees
CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays. “The…
SoftBank Makes First Africa Bet On OPay At $2 Billion Valuation
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking…
Chinese Electric Carmaker Xpeng Starts Exporting Flagship P7 Sedan For The First Time
Xpeng Inc. began shipping its flagship P7 sedan to Europe on Tuesday, underscoring the Chinese electric carmaker’s ambitions to expand…
World Leaders Prepare For Emergency G-7 Meeting On Afghanistan As U.S. Withdrawal Deadline Nears
British Prime Minister Boris Johnson will host an emergency meeting of G-7 leaders Tuesday to address the chaotic situation in…
Elon Musk Says SpaceX Has Shipped 100,000 Starlink Terminals
Elon Musk said in a series of tweets on Monday that his aerospace venture, SpaceX, has shipped 100,000 Starlink terminals…
Walmart Launches Delivery Business To Connect Other Local Retailers With Consumers
Walmart on Tuesday announced the launch of a delivery service called GoLocal, which will carry goods from other local retailers…
European Markets Edge Higher On Pfizer Vaccine Approval And Easing Taper Worries
European stocks edged higher on Tuesday as investors took heart from the U.S. Food and Drug Administration’s full approval of…
Chinese Tech Stocks Rally As JD.com Surges 13%, Tencent Climbs 7%
Hong Kong-listed Chinese tech stocks staged a huge rally Tuesday as investors got a little more clarity on the regulatory…
FG Pays $266.141m Cash Call Arrears To JV Partners In One Year, $1.464bn Outstanding
The federal government through the Nigeria National Petroleum Corporation (NNPC) was only able to pay $266.141 million out of an…
Shareholders Disagree With SEC Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
As Access Bank Intensifies Fight Against Financial System Fraud
Oluchi Chibuzor writes on efforts by Access Bank Plc to protect customers from the activities of fraudsters In recent times,…
NPA Rakes In N300b From Ship Dues At Lagos Ports
The over $1.8million the agency is generating from the lease of the two hoppers is seen by the senior official,…
Brent Oil Jumps With Stocks After Worst Losing Streak Since 2018
Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years.…
Forex Transactions At Investors, Exporters’ Window Fall 24.56%
Foreign exchange transactions at the Investors’ & Exporters window declined by 24.56 per cent last week, according to FMDQ Securities…
Nigeria To Attract $150bn Investment From $4trn Halal Trade
Organisers of the International Halal Expo, Abuja Chamber of Commerce and Industry (ACCI) have stated that Nigeria is expected to…