Canadian Dollar Steadies As Speculators Turn Bullish On The Currency
The Canadian dollar barely moved against its U.S. counterpart on Monday as data showed speculators turning bullish on the currency…
Day: November 1, 2021
Insecurity, Others Cut Nigeria’s Foreign Investments To $875m, Lowest In 5 Years
The spate of security crises, a tough business climate, and policy inconsistency are among the factors that cut Nigeria’s Foreign…
Oil Drops At Start Of Key Week As Biden Boosts Pressure On OPEC+
Oil fell as pressure mounted on OPEC+ to boost production when it meets this week and China released reserves of…
Oil Falls After China Releases Reserves Of Gasoline, Diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound…
Manufacturers Lament Forex Crisis Impact On Raw Materials Import
Manufacturers have lamented the impact of foreign exchange (forex) crisis on importing raw materials. Speaking during the tour of Hayat…
Forex Volatility, Inflation Hampering Investor Confidence
The volatility of the dollar in the forex market is taking its toll on micro, small and medium enterprises (MSMEs),…
Roblox Restores Service After Outage That Lasted Three Days
Roblox restored its services Sunday following a major outage that lasted for three days. Roblox, an online platform which lets…
Central Bank of Nigeria Commence 100 For 100 Policy On Production And Productivity
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of…
China’s Yuan Steadies After Best Month In Five, Market Awaits Fed Meeting
China’s yuan steadied against the dollar on Monday after posting it biggest monthly rise in five in October, as investors…
Malaysia Stock Drops After Government Announcement Of One Off Windfall Tax
Malaysia stocks fell on Monday as the government announced a one-off “windfall” tax on companies to raise revenue for the…
Federal High Court Orders Temporal Forfeiture Of Houses, Cars Linked To Invictus Group CEO
A federal high court in Lagos has ordered the interim forfeiture of houses and cars linked to Obinwanne Okeke, Invictus…
Xpeng Hong Kong Shares Soar High After Delivery Of More Than 10,000 Cars
Xpeng said it delivered more than 10,000 cars in October, sending its Hong Kong shares higher on Monday The electric…
BOE Rate Hike Hinges On The Views Of Two Quiet Deputy Governors
The fate of a potential Bank of England interest increase rate on Thursday could lie in the hands of two…
ARCH EM’s Cold Chain Solutions Fund Lands Another LP
The Board of Directors of the African Development Bank has approved an equity investment of $10 million in the ARCH…
China Applies To Join DEPA
China has applied to join the Digital Economy Partnership Agreement (DEPA) on Monday, the commerce ministry said. China said the…
Sega Says It’s Exploring A Strategic Alliance With Microsoft
Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using…
Investor Group Partners For Sustainable Finance Facility For Greenlight
Standard Bank Group, Citi, CDC Group Plc and Norfund have teamed up to provide a $75 million equivalent Kenyan shilling-denominated…
TLcom And 4DX Ventures Make Follow-On Deal For Autochek
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on…
Pearl Capital Backs Poultry Business With Mix Of Equity And Debt
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, has struck its third deal in as…
Price Of Domestic Fuel Is Indexed To International Pricing Model: Nigeria LNG
Following worries over the hike in the price of cooking gas, the Nigeria LNG has explained that the price of…
#880 Billion Missing From 367 Ministries, SERAP File Lawsuit Against Nigeria President
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe…
National Identification Number Registration Have Extended Till December
The federal government has again extended the ongoing national identification number (NIN) and subscriber identity module (SIM) integration exercise till…
Johnson And Johnson Accrued $800 Million Legal Expenses In Q3
Johnson & Johnson said it has settled most of the lawsuits it faced by thousands of men who claimed its…
Saudi Arabia Oil Giant “Aramco” Record 158% Increase In Q3
Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the…
American Airlines Canceled Over 1400 Flight , Plan To Increase Staffing
American Airlines said on Saturday it has canceled more than 1,400 flights over the weekend due to staff shortages and…
New EXEO Platform Buys Minority Stake In Artisanal Cheese Business
African mid-market private equity firm EXEO Capital has struck its second deal this year and the third over the last…
Deposit Money Banks To Deduct Loan From Debtors Account
The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the…