Oil Rally Ends Amid COVID-19 Concerns, Returning Supply
Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut…
Year: 2021
CBN To Raise $2bn For Girl Child Education Towards SDG4
The Central Bank of Nigeria CBN, has pledged to raise over $2 billion to increase and improve girl child education…
World Remit Raises $292m, Rebrands As Zepz
Digital Money Transfer firm, World Remit, now Zeps has has announced that it raised $292 million in new primary Series…
Oil Steadies After Three-Day Rally With U.S. Stockpiles Falling
Oil steadied after the biggest three-day gain since March with falling U.S. crude and fuel stockpiles adding some positive signs…
NNPC Pegs 2022 Base Oil Price At $57/Barrel
The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that…
Nigeria’s Real GDP Grew By 5.01% YoY In Q2 2021 From 0.51% In Q1 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01%(year-on-year) in real terms in the second quarter of 2021, marking three consecutive…
London Tech Firms Struggle To Hire As Silicon Valley Giants Scale Up In The City
Technology firms in London are finding it increasingly difficult to recruit tech workers as Silicon Valley tech giants scale up…
Telecoms: Nigeria’s Data Usage Rises By 202% In Three Years
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission.…
Nigeria: Importation Of Petroleum Products Will Soon Be Over
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum products into the country would soon be…
Nigeria: Stakeholders Proffer Solution To Better Intra-African Trade
As Africa gears toward the implementation of the African Continental Free Trade Area (AfCFTA) agreement, stakeholders at a virtual event…
Nigeria: CBN Threatens Prosecution Of Forex Policy Defaulters
Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of…
Nigeria: At N513m, Securities Lending On NGX Hits Historical Record
The Nigerian Exchange (NGX) Limited has disclosed that value of Securities Lending market increased to N513million as at 20 August…
European Stocks Set To Retreat As Global Markets Subdued Ahead Of Fed Symposium
European shares are set to pull back Thursday, with global markets striking a cautious tone as U.S. Federal Reserve policymakers…
Xiaomi Acquires Autonomous Driving Firm As It Looks To Boost Nascent Electric Vehicle Business
Chinese electronics giant Xiaomi has acquired an autonomous driving start-up, jumping into an extremely competitive area, while trying to diversify its business…
China’s After-School Crackdown Wipes Out Many Jobs Overnight
For hundreds of thousands of Chinese people, Beijing’s crackdown on after-school tutoring this summer means their well-paying jobs are disappearing…
Microsoft Hires Former Amazon Cloud Executive Charlie Bell
Microsoft has hired Amazon cloud executive Charlie Bell as a corporate vice president, CNBC has confirmed. The move represents a victory for Microsoft,…
Australia’s Qantas Hopes To Resume International Flights By Christmas, CEO says
Australian carrier Qantas expects international flights to the U.S., the U.K. and parts of Asia to resume by Christmas, CEO Alan Joyce…
South Korea Hikes Interest Rates, The First Developed Economy To Do So In Pandemic Erah Korea hikes interest rates, the first developed economy to do so in pandemic era
South Korea’s central bank raised interest rates on Thursday in a decision that was expected as financial risks heat up despite the…
S&P 500, Nasdaq Notch All-Time Closing Highs Ahead Of Jackson Hole
Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq…
U.S. Near Deal For Nvidia Supercomputer As It Waits For Delayed Intel Machine -Sources
The U.S. Department of Energy is nearing a deal to purchase a supercomputer made with chips from Nvidia Corp (NVDA.O) and Advanced…
EU Extends Deadline On Facebook’s Kustomer Deal To Jan. 7
EU antitrust regulators will decide on Jan. 7 whether to clear Facebook’s (FB.O) purchase of U.S. customer service startup Kustomer, a European…
Western Digital In Advanced Talks To Merge With Japan’s Kioxia Holdings – WSJ
Western Digital Corp (WDC.O) is in advanced talks for a potential $20 billion stock merger with Japanese semiconductor firm Kioxia Holdings Corp,…
Hybrid Work Demand Fuels Salesforce Earnings Forecast
Salesforce.com Inc (CRM.N) on Wednesday signaled the shift to hybrid work would keep demand for its cloud-based software strong in the third…
Google Brings Samsung 5G Modem Tech To U.S. Market With New Pixel Phone -Sources
Google will tap Samsung Electronics Co Ltd (005930.KS) to supply the 5G modem for its next flagship Pixel smart phone, sources familiar…
Nigerian E-Naira Currency Could Be A ‘Game Changer’ But Banks Will Have To Adapt
Nigeria is set to test a central bank digital currency from October, a move that could reshape the country’s financial landscape…
South Africa Rebases GDP, Revises Economic Growth Figures
South Africa has rebased its gross domestic product (GDP) survey, with the new data showing the economy was 11% bigger…
CBN, Bankers Committee Have More Money For Creative Industry
The Central Bank of Nigeria (CBN) led by Godwin Emefiele, its governor, and the bankers committee still have more money for the…
FX: Customers To Return Unutilized PTA/BTA Within 2 Weeks
Customers who approached commercial banks for the purchase of foreign exchange (FX) at cheaper rates especially for personal travel allowance/business…
Gold Eases On Steady Dollar, Focus On Jackson Hole
Gold retreated below $1,800 on Wednesday as the dollar halted its slide while investors sought cues on the timeline of…
Turkish Lira Rises In Muted FX Trade As Focus Turns To Jackson Hole
The Turkish lira rose on Wednesday while other emerging market currencies were muted as investors turned to an annual U.S.…