Ericsson And Unikie Collaborate To Test Automated Parking
Ericsson and industry 4.0 partner, Unikie, are collaborating to trial automated factory parking with Ericsson’s 5G standalone (SA) private network.…
Month: September 2021
Antgroup Say’s Consumer Data Fom Its Fintech Will Be Shared With China Central Bank
Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul…
Nigerian Content Development And Monitoring Board Set To Develop Manufacturing Hubs In Ondo State
The Nigerian Content Development and Monitoring Board has begun activities to develop an oil and gas industrial park in Ondo…
Nigeria’s Equity Market Investors Lost N11.02 Billion At End Of Trading
Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn at the end…
Increase in Demand, Shortage Of Supply Led To Increased Price Of Cooking Gas
The management of the Nigeria LNG Limited has said that marketers do not have enough infrastructure to take up its…
Chinese Glassmaker Raise $100 Million To Fund International Expansion And Development
Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and develop new products. Augmented…
Surge In UK Fraud Becomes A National Security Threat
A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated…
Development Of Seaports Will Magnify Revenue Drive In Nigeria – NPA
The Nigerian Ports Authority (NPA), has stated that Nigeria’s maritime industry accounts for 70% of cargo trade in West and…
Federal Government Pens OPEC, Requesting Higher Oil Production Quota
Nigeria has now officially written the Organisation of Petroleum Exporting Countries (OPEC), requesting a higher production quota under the OPEC+…
Analysts Worries, Gives Pathways To Debt Sustainability
Analysts have implored the Federal Government and sub-nationals to reduce recurrent expenditure, especially cost of governance, to accommodate more capital…
Foreign Airlines Grow Their Interest In Nigeria As Travel Rebounds
The return of foreign airlines into the Nigerian airspace and arrival of new entrants show that foreign airlines are increasing…
Robinhood To Debut Feature That Gives Traders More Control Over Digital Tokens
Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency…
CBN Urges Against Speculation, Manipulation Of Forex
The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate…
The New Mercedes E-Class
Weststar Associates Limited, the authorised general distributor of Mercedes-Benz in Nigeria, has announced the delivery of the new Mercedes-Benz E-Class…
President Muhammadu Buhari Seek For The Amendment Of Petroleum Industry Act
President Muhammadu Buhari (retd.), has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. He was,…
Nigeria record $18.9 billion OTC FX Futures Contracts in 2020
OTC FX Futures (OTC FX Futures) are non-deliverable forwards or contracts where parties agree to an exchange rate for a…
NLNG Describes Nigeria’s Cooking Gas Shortage, Price Hike
YET another indication of Nigerian health workers’ discontent with the increasingly inclement working climate in the country was provided last…
Dollar Near A Month High As Investors Concentrated On Evergrande Risks
The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default…
Three Nigeria Bank Generated N75.24 Trillion From Electronic Banking Transactions
With the adoption of digital banking channels and more customers migrating to electronic banking following Covid-19 restrictions, three leading banks,…
Dangote Cement Gets New Leadership
Dangote Cement Plc has appointed Mr. Philip Mathew its new deputy group managing director and chief executive officer. According to…
DraftKings Makes $20 Billion Offer To Acquire U.K. Online Sports Betting Company
DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, The offer is largely in DraftKings stock,…
Oil Climb By 1% As US Hurricane Aftermath Tightens Supply
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global…
Bitcoin Falls Below $40,000 Among Regulatory Drumbeat, Fed Risk
Bitcoin struggled for a third day, dropping briefly below $40,000 for the first time since August amid rising criticism from…
Nigeria External Debt Stock Figure Rise To $14.37 Billion
The Debt Management Office disclosed in a statement on its website on Tuesday titled ‘Nigeria raises $4bn through Eurobonds’. This…
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Presentation Stepped Down – Nigerian Senate
The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024 Medium Term…
Order Book For $3 Billion Nigeria Eurobond Issue Opened – Investor Notice
Nigeria opened the order book for a $3 billion Eurobond offering on Tuesday, aiming to issue the bond next week,…
BP Oil Trader Pronounced To Be Fired Over Nigeria Bribe Concerns
BP Plc fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according…
Most Virtual Currency Activity Is Legal: U.S. Treasury Department Emphasize
The U.S. Treasury Department announced Tuesday it will sanction a cryptocurrency exchange for its alleged role in laundering ransoms for…