BREAKING: CBN Retains Lending Rate At 11.5%
The Monetary Policy Committee of the Central Bank of Nigeria has left the Monetary Policy Rate unchanged at 11.5 per…
Day: November 23, 2021
Railway: 24 Firms Jostle For E-Ticketing Contract
No fewer than 24 companies have bidded for the electronic ticketing solutions for the Lagos-Ibadan and the Warri-Itakpe train services. …
Musk Chides Binance CEO On Dogecoin Glitch
Tesla founder Elon Musk on Tuesday delivered a stinging rebuke to Binance Chief Executive Changpeng Zhao on Twitter after the…
Asia Stocks Fall, Dollar Firm On U.S. Rate Hike Bets After Powell’s Renomination
Asia stocks faltered on Tuesday, tracking a retreat on Wall Street as traders bolstered their bets on U.S. rate hikes…
Citigroup To Create 100 Roles In Digital Asset Push
Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division,…
ENaira’ll Work With Other Countries’ Digital Currencies – CBN
The Central Bank of Nigeria has said that the implementation of the country’s digital currency will be done in four…
Pokemon Go Creator Niantic Valued At $9 Bln After Coatue’s Investment
Niantic Inc, the augmented reality (AR) platform behind Pokemon Go, raised $300 million from hedge fund Coatue at a valuation…
Zoom Shares Fall After Results As Wall Street Turns Cautious On Growth
Zoom Video Communications Inc’s third-quarter revenue growth rate slowed to 35% as demand for its video-conferencing tools eased from the…
Italy’s Antitrust Fines Amazon, Apple More Than 200 Mln Euros For Alleged Collusion
Italy’s antitrust authority has fined U.S. tech giants Amazon and Apple a total of more than 200 million euros ($225…
Chinese Tech Giant NetEase Launches $500 Million Hong Kong IPO For Its Music Business
NetEase has launched the Hong Kong initial public offering (IPO) of its music business Cloud Village which could raise around…
Dismantle Trade Barriers To Grow Africa’s Economy, Dangote Urges Leaders
African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow…
Capital Inflow Crashes By 80%, Foreign Investors Shun Nigerian Market
Capital inflow to Nigeria has crashed by 80 per cent in two years, the Central Bank of Nigeria reports have…
Naira Loses Steam, Sides To 555/Dollar In Parallel Market
The naira lost steam at the parallel market on Monday, sliding to 555 per dollar. The local currency had crashed…
Powell Tapped For Second Term As Fed Chair
Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a…