Banking Local How To Report Financial Institution -CBN January 28, 2022 akintunde The Central Bank of Nigeria(CBN) has issued a guide on how aggrieved customers can complain about financial institutions such as commercial banks. This is according to a circular recently released…
Local Technology AutoStore and Ocado ‘robot war’ spills into Germany January 28, 2022 akintunde Norwegian warehouse robot maker AutoStore sparred on Friday over legal proceedings in Germany in their latest patent dispute. In a statement, by AutoStore, the Munich court had halted proceedings brought…
Local Technology World China issues draft rules for fakes in cyberspace January 28, 2022 akintunde China’s cyberspace regulator issued draft rules for content providers that alter facial and voice data. This latest measure was put in place to crack down on “deepfakes” and mould cyberspace…
Local CBN Urges Cement Manufactures To Slash Prices January 28, 2022 akintunde The Central Bank of Nigeria has appealed to cement manufacturers to consider reducing the high cost of cement. The CBN Governor, Godwin Emefiele, made the call at the official commissioning…
Local Europe kept waiting as Intel commits to new U.S. chip factories January 28, 2022 akintunde Intel still intends to develop the European chip manufacturing capacity with two new U.S. semiconductor plants. The company said in September it could invest as much as $95 billion in…
Local No Dollar Spent On Cement Import In Seven Years —CBN Governor Emefiele January 28, 2022 akintunde The CBN Governor Mr Godwin Emefiele has said Nigeria has not spent dollars to import cement in the last seven years. The CBN governor pledged the bank’s support for the…
Local Champion Breweries files shares take-over offer by Raysun Nigeria Limited January 28, 2022 akintunde Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the brewer’s shares. The disclosure states that 1,196,799,164 Ordinary shares, represent…
Local Technology Federal Government Inaugurate Nigerian Postal Service Debit Card January 28, 2022 akintunde The Federal Government has inaugurated the Nigerian Postal Service debit card, an agency banking platform, and 27 courier service vehicles. The inauguration was made by the Minister of Communications and…
Local Nigeria: FIRS Achieved It’s Target For 2021 January 28, 2022 akintunde The Federal Inland Revenue Service (FIRS) has announced that it achieved a 100% revenue target for 2021 despite issues brought up by the pandemic. Muhammad Nami, the Executive Chairman of…
Business World Elon Musk’s Net Worth Dropped By $25.1 Billion January 28, 2022 akintunde A massive sell-off of Tesla shares slashed Elon Musk’s net worth by $25.1 billion, one of the biggest declines ever seen in history, as the 50-year-old billionaire now has a…
Local Market Trade Nigeria Stock Market Capitalization Decreases By N280.62 Billion January 28, 2022 akintunde The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 112 basis points. The NGX ASI closed at 46,009.23 points, to…
Banking World China Securities And Regulatory Commission Is In Talks With Foreign Bank To Soothe Economic Concerns January 28, 2022 akintunde The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and asset managers to reassure them about the country’s economic prospects after regulatory…
Business Investing World Google To Invest $1 Billion In Airtel January 28, 2022 akintunde Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the Indian telecom operator’s digital offerings, the companies said on Friday.…
Business Local Market Unilever Nigeria Generated N52.21 Billion Revenue In 12-Months Ended December 2021 January 27, 2022 akintunde Unilever Nigeria Plc reported its Q4 12-months unaudited Annual Financial Statement, revealing a 35.07% growth in revenue from N52.21 billion to N70.52 billion recorded in Q4 2021. The consumer goods…
Local Pay us $3.4bn Fine – Niger Delta Artisan Fishermen Association of Nigeria Fishermen Tells Shell January 27, 2022 akintunde The Artisan Fishermen Association of Nigeria, Niger Delta chapter, have urged the Shell Petroleum Company to immediately pay them the $3.4bn fine The fine was imposed on Shell Petroleum Company…
Local Credit Suisse issues fourth-quarter profit warning as legal costs rise January 27, 2022 akintunde Credit Suisse announced that its fourth-quarter earnings are set to be negatively impacted by increased litigation provisions. The Swiss bank said a charge of roughly 500 million Swiss francs $545…
Africa Local BUA Chairman, Abdul Samad Rabiu Now Africa’s Fifth Richest Man, Second In Nigeria With Latest Forbes Report January 27, 2022 akintunde Forbes has listed BUA chairman Abdul Samad Rabiu as the fifth African richest man and second richest man in Nigeria. On average, the continent’s billionaires are worth $4.7 billion now…
Technology World GM plan to dethrone Tesla in electric car sales by 2025 January 27, 2022 akintunde General Motors will invest roughly $6.6 billion in its home state of Michigan over the next several years. The new investment plans to increase electric pickup truck production and build…
Business Technology World Facebook’s Cryptocurrency Venture To Wind Down And Sell Tech Asset January 27, 2022 akintunde Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, the Wall Street Journal reported on…
Business World Market Volatility Cause Wetransfer Owner To Cancel IPO January 27, 2022 akintunde The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech offering of the year, it said on Thursday, citing volatile market…
Business Technology World Apple Smartphone Market Hit High Record In 2021 Q4 January 27, 2022 akintunde Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker reclaiming the number one spot in the country for the…
Local Market Nigeria’s Credit Risk Spikes As FG Extend Fuel Subsidy Policy January 27, 2022 akintunde The Federal Government’s decision to extend the implementation of the fuel subsidy removal policy has affected the cost of ensuring Nigeria’s dollar bonds, as Nigeria’s Credit Default swaps rose to…
Investing Trade World S&P 500 Trading Session Ended Bearish January 27, 2022 akintunde Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking an abrupt nosedive that reversed earlier solid gains. The reversal…
Local Market NNPC Advice Against Panic Buying Of Petrol January 27, 2022 akintunde The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage in panic buying, stating that it has enough in stock. This was…
Market Trade World Oil Price Hits $90 Per Barrel January 27, 2022 akintunde Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between Russia and Ukraine. Over the past months, oil prices have…
Local IMF Advice Nigeria To Prepare For Financial Turbulence January 27, 2022 akintunde The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need to prepare for turbulence in financial markets. The Washington-based lender…
Local Market Nigeria: Marketers Raise Diesel Price To N355 – N360 January 27, 2022 akintunde The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria to over N282 per litre. The further rise in the…
Business World Tesla Won’t Release Any New Model This Year- Elon Musk January 27, 2022 akintunde Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year, and isn’t currently developing a $25,000 car. In his…
Business Local Market Technology Uber Launch UberMoto In Ibadan, Nigeria January 26, 2022 akintunde Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the company, UberMoto will help residents navigate traffic quicker and move…
Business World Spanish Bank Santander Set To Launch “Buy Now Pay Later” Service January 26, 2022 akintunde Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off fintech rivals trying to eat its lunch. The lender said…
