Ford’s market cap tops $100 billion for first time ever
Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week…
Month: January 2022
Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group
Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks…
Pakistan’s Central Bank ‘Wants To Ban’ Crypto
The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court…
Nigeria MSMEs Contribution Rises By 3.7% – SMEDAN
The Director-General of Small and Medium Enterprises Agency of Nigeria (SMEDAN), Dikko Umaru Radda, said the contribution of the Micro…
FSD Africa backs Fintech factoring firm
The investing arm of FSD Africa, has invested £3 million in IMFact, a Kenyan fintech firm. The Kenyan fintech firm…
Nigeria: Association of Bureaux De Change Operators Of Nigeria Urge CBN To Remove Restrictions
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN), to remove…
Nigeria Customs To Generate N4.1trn Revenue In 2022
The Nigeria Customs Service (NCS) says it has a revenue target of N4.1 trillion in 2022. NCS had said it…
Oil Price Hits $85: More Subsidy To Be Paid By Nigerians
Oil prices continued their surge yesterday, hitting a two-month high amid projections that lack of production capacity and limited investment…
China Evergrande Shares Climb After Winning Bond Payment Delay
Shares of China Evergrande Group (3333.HK) edged up on Friday after the world’s most indebted developer secured a crucial approval…
Google Shows Faith In Office With $1 Billion London Deal
Tech giant Google has spent $1 billion to buy a central London building where it is currently a tenant. Showing…
Pay tax, support government to manage prohibited content… FG lists agreements reached with Twitter
President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria. The lifting will be…
Facebook Faces $3.2 Bln UK Class Action Over Market Dominance
Social media giant Facebook, now known as Meta Platforms, faces a 2.3 billion pound plus ($3.2 billion plus) class action…
Tesla Merchandise Buyable Using Dogecoin, Musk Says In Tweet
Tesla merchandise can be bought using the digital currency dogecoin, the electric-car maker’s Chief Executive Officer Elon Musk said in…
Nigeria: FG Appoints New Director For NSIA
The Federal Government has approved the appointment of Dr Ogechi Paschal-Ejiogu to the board of directors of the Nigeria Sovereign…
Cardinalstone Securities Trades N143.6bn On NGX
Cardinalstone Securities Limited has said it traded a total value of N143.6bn on the Nigerian Exchange Limited. A statement on…
CBN Fails To Curb Inflation, Halt Naira Slide, Says Report
Bayelsa State Governor Douye Diri on Thursday granted the Nigerian Air Force request. Diri granted request for land to build…
AstraZeneca Says Early Trial Data Indicates Third Dose Helps Against Omicron
AstraZeneca said on Thursday that preliminary data from a trial showed that its COVID-19 shot, Vaxzevria, generated an increase in…
Microsoft Invests $50 Million In Alcohol-To-Jet Fuel Biorefinery
Microsoft (MSFT.O) is investing $50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next…
Microsoft Has Stopped Making Xbox One Consoles – The Verge
Microsoft Corp has stopped manufacturing all Xbox One consoles to focus on producing its next-generation consoles, the Verge reported on…
The Nigerian Exchange Gains Over N23 Billion In A Single Day
The Nigerian Exchange has commenced the new week on a positive note to sustain the rally amidst sell-offs and buy-interests…
Nigeria’s Private Sector Borrows N5.16 Trillion From Banks In 11 Months 2021
Private sector credit rose to a record high of N35.31 trillion as of November 2021, representing N5.16 trillion net new…
World Bank slashes global growth forecast and warns about growing inequality
World Bank slashed its global growth forecast for 2022 and 2023 and cautioned a rise in inflation, debt and income…
Stanbic, Standard Chartered, Citi Lead As Banks Record $38.2bn Foreign Inflows
Stanbic IBTC, Standard Chartered Nigeria, and Citibank Nigeria lead as capital importation from banks hit $38.18bn in almost three years.…
We Are Not Affiliated With Access Capital Investment Platform, Says Access Bank
Access Bank Plc says it has no business engagement or affiliation with Access Capital Investment Platform, an online investment entity.…
FG Lifts Suspension On Twitter Operations
President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria. The lifting will be…
‘No Staff Will Be Affected In 2022’ — Standard Chartered Confirms Closure Of Nigerian Branches
Standard Chartered Bank has confirmed the closure of 50 percent of its Nigerian branches. Dayo Aderugbo, Head, corporate affairs, brand…
Days After Listing, BUA Foods’ Shares Jump 46.25%, Market Cap Hits N1.053trn
The shares of BUA Foods Plc have appreciated by 46.25 percent on the Nigerian Exchange Limited (NGX) after its formal…
COVID-19: Nigeria Yet To Vaccinate 50% Of Target Population, Says FG
The federal government has said the country was yet to vaccinate 50 per cent of its eligible population since the…
WhatsApp co-founder Acton named Signal’s interim CEO
Messaging app Signal’s founder Moxie Marlinspike will step down and WhatsApp co-founder Brian Acton will become the interim CEO. Acton…