Fear Over Gaming Restrictions Causes Loss Of Share Price
Shares of Tencent and Netease plunged on Thursday after Chinese regulators called them and other gaming companies for an interview,…
Month: September 2021
Pound Sterling Steadies As UK Parliament Backs Tax Hike
Sterling ticked higher on Thursday after British lawmakers backed Prime Minister Boris Johnson’s tax hikes and was set to end…
Canada Holds Interest Rates, Still Sees Economic Recovery
The Bank of Canada left rates unchanged on Wednesday and said it expects growth to strengthen in the second half…
Price Of Natural Gas Jumps To Seven Year High
U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season.…
PayPal And Japanese Credit Specialist Paidy In Talks
US online payment giant PayPal is set to buy the online Japanese credit specialist Paidy for $2.7 billion, the US…
Service Fees Fetch Ten Nigeria Banks 266 Billion Naira
Ten Nigerian banks made N265.96bn from account maintenance and electronic banking fees in 2020. This is as shown by analysing…
Technology Startups And Others In Nigeria Raise $1.6bn Funding
Africa’s technology ecosystem has raised $1.6bn in 2021 so far, compared to $701.5m in 2020, according to a report by…
Nigeria Ranks Behind In Business Process Outsourcing
Nigeria currently controls $285.8 million of the combined African domestic and international global business services (GBS) sub-sector estimated to be…
Nigeria Exchange Lists Potentials As Green Bonds Market Hits $136m
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the…
Analysis: With GameStop Earnings On Tap, Options Traders Bet On Muted Moves
Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped…
Nigeria Exchange Group’s structure Get ASHON Belief
The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian…
Qualcomm CEO Working With Foundry Partners In Europe
Semiconductor supplier Qualcomm is open to working with foundries in Europe if incentive programmed to boost automotive chip production on…
Mortgage Rate Stagnancy Leads To Lowest Fall in Two Months
Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances.…
Intel Invest €80 Billion In Boosting Europes Chip Capacity
Intel Corp on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to…
Europe: Stocks Markets Recede, Battle Of Nerves Over Growth Concern
The pan-European Stoxx 600 fell 1.3% by mid-morning, with autos dropping 1.8% to lead losses as all sectors and major…
Automated Checkout Introduced At Whole Foods Stores – Amazon
Amazon is introducing its automated checkout technology to two Whole Foods stores, the company announced on Wednesday, marking the latest…
China’s Central Bank Applies Brakes On Planned Economic Stimulus
China’s central bank policymakers pushed back Tuesday on expectations they would take aggressive measures to boost economic growth. “China’s monetary…
Wall Street Worried Over Slowing Economy Recovery
The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes…
Toyota To Spend $13.5 Billion On Electric Vehicle Battery By 2030
Toyota said on Tuesday that it expects to spend more than $13.5 billion by 2030 to develop its electric battery…
FCMB Gets Recognition As Best SME Bank In Africa And Nigeria – Asian Banker, Middle East and Africa Regional Awards
First City Monument Bank (FCMB), has been recognised as Best SME Bank in Africa and Nigeria at the Asian Banker Middle East and Africa…
Ghana: SIM Card Registration To Resume In October
Ghana’s Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that the delayed national SIM card re-registration exercise will begin…
Netherland Confirms Delay of 5G Auction
The Netherlands’ State Secretary for Economic Affairs Mona Keijzer has told the House of Representatives that the planned auction for…
UK Property Prices Continues To Jump Market Strength Persists
British house prices rose sharply last month in a further sign of strong momentum in the market even after the…
Outstanding ECA Loan Associated With 8 Eight Aircraft Repaid – Aviation PLC
It is pleasing that commercial bank aircraft lending appears to be reopening following the disruption caused by COVID-19,” said executive…
Stock Futures Open Slightly Higher After Dow Slips Following August Jobs
U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the…
Civil Society Organisations Knock Nigeria’s Tax Authority Over Planned Social Media Tax
Civil Society Organisations on Monday condemned the Federal Inland Revenue Service over its decision to impose taxes on social media…
United Oil & Gas Signs Binding Deal To Sell North Sea Assets
United Oil & Gas PLC (AIM:UOG, FRA:1UO) is advancing its deal to sell its North Sea licences, signing a binding agreement…
Stanbic IBTC Bank Revenue Shrinks, Profit Drops By 53%
Stanbic IBTC Holdings Plc reported a 52.85 per cent drop in its profit before tax for the first half this…
Nigeria: Investors Lose N4.23bn As Consumer Goods Stocks Decline
The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid selloffs…
Chinese Stocks Rise As Data Shows China’s Exports In August Beat Expectations
Shares in Asia-Pacific were mixed in Tuesday trade, as data showed China’s August trade data came in above expectations. The…