Business World Ford’s market cap tops $100 billion for first time ever January 14, 2022 akintunde Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week high Thursday. The company’s shares jumped by as much as…
Local Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group January 14, 2022 akintunde Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced Friday. As part of the deal, UOB said it…
Local Pakistan’s Central Bank ‘Wants To Ban’ Crypto January 14, 2022 akintunde The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court held a hearing in arguing that cryptocurrencies like BTC are…
Business Local Market Nigeria MSMEs Contribution Rises By 3.7% – SMEDAN January 14, 2022 akintunde The Director-General of Small and Medium Enterprises Agency of Nigeria (SMEDAN), Dikko Umaru Radda, said the contribution of the Micro Small and Medium Enterprises (MSMEs) to employment in Nigeria rose…
Local FSD Africa backs Fintech factoring firm January 14, 2022 akintunde The investing arm of FSD Africa, has invested £3 million in IMFact, a Kenyan fintech firm. The Kenyan fintech firm IMFact, which was founded in 2019, provides working capital to…
Banking Local Market Trade Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove Restrictions January 14, 2022 akintunde Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to remove restrictive controls that makes it difficult for Bureaux De Change,…
Local Nigeria Customs To Generate N4.1trn Revenue In 2022 January 14, 2022 akintunde The Nigeria Customs Service (NCS) says it has a revenue target of N4.1 trillion in 2022. NCS had said it generated N2.3 trillion revenue in 2021, exceeding the target by…
Local Market Trade Oil Price Hits $85: More Subsidy To Be Paid By Nigerians January 14, 2022 akintunde Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production capacity and limited investment in the sector could lift crude between $90 and $100…
Business Real Estate World China Evergrande Shares Climb After Winning Bond Payment Delay January 14, 2022 akintunde Shares of China Evergrande Group (3333.HK) edged up on Friday after the world’s most indebted developer secured a crucial approval from onshore bondholders to delay payments on one of its…
Business Health World Google Shows Faith In Office With $1 Billion London Deal January 14, 2022 akintunde Tech giant Google has spent $1 billion to buy a central London building where it is currently a tenant. Showing its confidence in the future of the office as a…
Local Pay tax, support government to manage prohibited content… FG lists agreements reached with Twitter January 14, 2022 akintunde President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria. The lifting will be effective from midnight, January 13, 2022. Twitter was suspended indefinitely…
Business Technology World Facebook Faces $3.2 Bln UK Class Action Over Market Dominance January 14, 2022 akintunde Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus ($3.2 billion plus) class action in Britain over allegations it abused its market dominance by…
Business Technology World Tesla Merchandise Buyable Using Dogecoin, Musk Says In Tweet January 14, 2022 akintunde Tesla merchandise can be bought using the digital currency dogecoin, the electric-car maker’s Chief Executive Officer Elon Musk said in a tweet on Friday. Products such as the “Cyberwhistle” and…
Investing Local Nigeria: FG Appoints New Director For NSIA January 14, 2022 akintunde The Federal Government has approved the appointment of Dr Ogechi Paschal-Ejiogu to the board of directors of the Nigeria Sovereign Investment Authority. A statement on Thursday said she replaced Mr…
Investing Local Trade Cardinalstone Securities Trades N143.6bn On NGX January 14, 2022 akintunde Cardinalstone Securities Limited has said it traded a total value of N143.6bn on the Nigerian Exchange Limited. A statement on Wednesday said this was according to the broker performance report,…
Local CBN Fails To Curb Inflation, Halt Naira Slide, Says Report January 14, 2022 akintunde Bayelsa State Governor Douye Diri on Thursday granted the Nigerian Air Force request. Diri granted request for land to build a new residential quarters for the NAF Mobility Command in…
Business Health World AstraZeneca Says Early Trial Data Indicates Third Dose Helps Against Omicron January 14, 2022 akintunde AstraZeneca said on Thursday that preliminary data from a trial showed that its COVID-19 shot, Vaxzevria, generated an increase in antibodies against the Omicron and other variants when given as…
Technology World Microsoft Invests $50 Million In Alcohol-To-Jet Fuel Biorefinery January 13, 2022 akintunde Microsoft (MSFT.O) is investing $50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said. The airline industry is considered one of…
Business Technology World Microsoft Has Stopped Making Xbox One Consoles – The Verge January 13, 2022 akintunde Microsoft Corp has stopped manufacturing all Xbox One consoles to focus on producing its next-generation consoles, the Verge reported on Thursday, citing a senior executive of the gaming division. According…
Local The Nigerian Exchange Gains Over N23 Billion In A Single Day January 13, 2022 akintunde The Nigerian Exchange has commenced the new week on a positive note to sustain the rally amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 9 basis…
Banking Local Nigeria’s Private Sector Borrows N5.16 Trillion From Banks In 11 Months 2021 January 13, 2022 akintunde Private sector credit rose to a record high of N35.31 trillion as of November 2021, representing N5.16 trillion net new loans between January and November 2021. This is according to…
Local World Bank slashes global growth forecast and warns about growing inequality January 13, 2022 akintunde World Bank slashed its global growth forecast for 2022 and 2023 and cautioned a rise in inflation, debt and income inequality. The projections follow a strong rebound in global growth…
Banking Business Local Market Stanbic, Standard Chartered, Citi Lead As Banks Record $38.2bn Foreign Inflows January 13, 2022 akintunde Stanbic IBTC, Standard Chartered Nigeria, and Citibank Nigeria lead as capital importation from banks hit $38.18bn in almost three years. Between January 2019 and September 2021 (33 months), the total…
Banking Local We Are Not Affiliated With Access Capital Investment Platform, Says Access Bank January 13, 2022 akintunde Access Bank Plc says it has no business engagement or affiliation with Access Capital Investment Platform, an online investment entity. Sunday Ekwochi, company secretary at Access Bank, disclosed this Wednesday…
Business Investing Local Market Trade Dangote Cement To Buy Back 170m Shares From Shareholders January 13, 2022 akintunde Dangote Cement Plc says it will repurchase 170 million ordinary shares from shareholders in the second tranche of its share buyback programme. The shares are worth 1 percent of the…
Breaking Business Local Technology FG Lifts Suspension On Twitter Operations January 13, 2022 akintunde President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria. The lifting will be effective from midnight January 13, 2022, according to a statement…
Banking Business Local ‘No Staff Will Be Affected In 2022’ — Standard Chartered Confirms Closure Of Nigerian Branches January 13, 2022 akintunde Standard Chartered Bank has confirmed the closure of 50 percent of its Nigerian branches. Dayo Aderugbo, Head, corporate affairs, brand and marketing, Standard Chartered Bank Nigeria, assured employees there would…
Business Investing Local Market Days After Listing, BUA Foods’ Shares Jump 46.25%, Market Cap Hits N1.053trn January 12, 2022 akintunde The shares of BUA Foods Plc have appreciated by 46.25 percent on the Nigerian Exchange Limited (NGX) after its formal launch last week. During a four -day trading session on…
Business Health Local COVID-19: Nigeria Yet To Vaccinate 50% Of Target Population, Says FG January 12, 2022 akintunde The federal government has said the country was yet to vaccinate 50 per cent of its eligible population since the exercise began last year. It, however, said there are clear…
Local WhatsApp co-founder Acton named Signal’s interim CEO January 12, 2022 akintunde Messaging app Signal’s founder Moxie Marlinspike will step down and WhatsApp co-founder Brian Acton will become the interim CEO. Acton founded Signal’s rival messaging app WhatsApp in 2009, the company…
