Nigeria’s Attorney General Dragged To Court Over Non Remittance Of Stamp Duties
The Attorneys-General of the 36 states of the federation have dragged the Attorney-General of the Federation, Abubakar Malami, before the…
Month: September 2021
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the ratification of the African Continental Free…
S&P Futures Bounce After Four Days Of Losses, Dow Futures Gain 170 Points
United State stock index futures pointed to a market rebound on Friday, after the S&P 500 and Dow Jones Industrial…
Squeeze In Global Supply Value Chain Blamed As Supermarket Retailer Kroger’s Dip Margins
U.S. supermarket chain Kroger Co reported a slide in a main measure of profitability on Friday, blaming discounts, wastage and this…
Tinder’s Chief Executive Moves To Yahoo For Top Job
The appointment comes just days after Apollo Global Management In closed its $5 billion acquisition of Verizon Media, which owns Yahoo
United Bank Of Africa Announced It’s Half Year Financial Result
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half…
Nigeria: MTN And Flutterwave In Mobile Money Partnership
MTN has announced a mobile money partnership with Africa’s leading payments technology company, Flutterwave. The partnership will allow businesses integrating Flutterwave in…
Affirm Holdings, Toyota Motor And Others Are Making Moves In Pre-market
Affirm Holdings (AFRM) – Affirm soared 22.4% in the premarket as the “buy now, pay later” company’s revenue easily topped estimates.…
Nigeria: Apapa Customs Command Generates 87.8 Billion Naira In August
Apapa Comptroller, Malanta Yusuf, disclosed at a media briefing in Lagos, noted that the remarkable feat was the first in…
Traders Chase Russian Oil To Fill U.S. Hole After Hurricane Ida
Trading houses are rushing to supply Russian Urals crude to the United States where oil production was hammered by Hurricane…
Shell Brings Amberjack Pipeline Machine Back Online
Shell Midstream Partners LP said on Friday its Amberjack pipeline system was back online after it was shut due to…
E-Naira To Strengthen The Banking System- Central Bank Of Nigeria
The Central Bank of Nigeria has said e-Naira will strengthen the banking system and make it easier to comply with…
Oil Rallies To $73 On Tight U.S. Supplies
Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States…
Oil Bounce, Futures Push Upwards After Biden-Xi Call
U.S. stock index futures rose on Friday, as signs of an easing in tensions between the United States and China…
Nigeria: MTN Renews Unified Access Service Licence And Spectrum Licence
The Nigerian Communications Commission has renewed the Unified Access Service licence and spectrum licence for wireless local loop in the…
General Motor Doubles Chip Shortage Impact To 200,000 Vehicles In Second Half
General Motors’ vehicle sales and production will be hit harder by the global chip shortage during the second half of…
Amazon Hourly Employees Set To Enjoy 100% Tuition Fee
The e-commerce giant is following the lead of other large United state companies who are dangling perks like education benefits…
Chinese Electric Car Start Up Xpeng Aim For Robots And Flying Car
For the foreseeable future, Chinese electric car start-up XPeng is trying to boost its sales in the world’s largest auto…
Apple To Spend Over $500 Million On Advertising Apple TV
Apple Inc plans to spend more than $500 million on marketing its streaming service, Apple TV+, this year, The Information reported…
Tech Stocks, Rising Marketplace Debt See Inflows On “Stagflation” Bets
Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in…
U.S. Treasury Weather Legitimate Seeks Coverage Adjustments For Severe Weather
Climate-related weather events are costing American households, businesses and insurers billions of dollars in losses, and there is no sign…
Lira Falls Further On Dovish Central Bank Comments
Turkey’s lira fell further on Thursday after logging its worst session in four months in the wake of dovish comments…
Former Wells Fargo Executives Square Off With Regulator In Trial Over Bank Account Scandal
The civil trial of three former Wells Fargo & Co employees over their alleged roles in a scandal involving phony accounts…
Nigeria’s 36 States Generated 5.3 Trillion Naira Revenue And Got 10.19 Trillion FAAC Allocation In 5 Years
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from…
Nigerian President Halts The Payment Of $418 Million To Paris Club Refund
President Muhammadu Buhari has placed the controversial payment of $418 million to consultants over the Paris Club refund on hold. He…
US Jobless Claim Falls To 310,000
Data from the Labor Department on Thursday showed the number of jobless claims filed the week ended Sept. 4 fell to 310,000,…
Nigeria: Investors Wealth Continues To Dip
Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three…
Chinese Firms In Partnership To Deliver Self Driving Cargo Vans
The strategic partnership between Chinese autonomous driving start-up WeRide, automaker Jiangling Motors (JMC) a top carmaker and delivery firm ZTO…
La Liga Offers NFTs To All It’s Players
Spainish soccer league, La Liga on Thursday stated that it will offer NFTs to all its players, marking the latest move into cryptocurrencies by a major sports organization.
Nobel Winner And Economist Stiglitz Says US Federal Reserve Chief Powell Should Go
For U.S. President Joe Biden to be true to his agenda he should not renominate Jerome Powell as Federal Reserve…