Forex Inflows Into Nigeria Increase By 64% To $30bn In The Q3 Of 2021
The amount of foreign exchange that entered Nigeria in the third quarter of 2021 increased by 64% to $30.18 billion,…
Month: January 2022
Manufacturers Kick Against Excise Duty On Soft Drinks
The Manufacturers Association of Nigeria (MAN) has kicked against the Federal Government imposed excise duty on all non-alcoholic and carbonated…
German cartel office steps up examination of Google products
Germany’s cartel office examines Google’s use of personal data and its Google News Showcase product under its new powers to…
European markets set to drop sharply at the open following U.S. sell-off
European stocks awaits to open sharply lower following losses that saw the Dow Jones notching its first decline of 2022.…
Walmart Halves Paid Leave For COVID-Positive Workers
Walmart workers in the United States who must isolate or who have tested positive for COVID-19 will receive one week…
Airtel Africa’s Shares Hit All-Time High On NGX After Asset Sale In Tanzania
The shares of Airtel Africa hit an all-time high price of N1,050.50 on Wednesday, gaining a maximum of 10 percent.…
Nigeria: Coke, Fanta Prices To Increase As FG Imposes N10/Litre Excise Duty On Carbonated Drinks
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Excise…
Nigeria: Fed Govt Set To Reduce Workforce
The Federal Government is set to reduce its workforce. It is designing what it calls an exit package for government…
Japan’s Nikkei 225 Drops Nearly 3% As Asia-Pacific Markets Largely Fall
Shares in Asia-Pacific declined on Thursday following losses overnight that saw the Dow Jones Industrial Average notching its first decline…
Grammy Awards Postponed Indefinitely Amid Omicron-Fueled Covid Surge
The 64th annual Grammy Awards show has been postponed indefinitely amid a resurgence of Covid cases, fueled by the omicron…
Nike Sues Lululemon Over Mirror Home Gym
Nike on Wednesday filed a lawsuit accusing Lululemon Athletica of patent infringement for making and selling the Mirror Home Gym…
Meta Sets Out Grounds For UK Appeal On Giphy
Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include…
Tencent’s WeChat Mini Daily Users In China Grew 13% To 450 Million Last Year
Tencent Holdings’ (0700.HK) Weixin, China’s dominant messaging app which is known as WeChat outside the country, said on Thursday that…
AMCON lists 7,912 names owing N4.4tn as deadline expires today
The Asset Management Corporation of Nigeria is set to publish names of Loan debtors owing it a total of N4.4tn.…
US aviation, telecom groups agree on 5G data sharing
Aviation and telecom groups in the United States have said they will share data to help resolve safety concerns related…
Foreshore Waters Secures N2.4bn BOI Facility
Foreshore Waters Limited has secured a N2.4 billion loan facility from the Bank of Industry to support the company’s growth…
Toyota Will Not Compromise Quality, Says TNL
Toyota Nigeria says it will not compromise on quality of vehicles, spare parts and after-sale services. It noted that Toyota…
Review forex ban on 40 items to save naira, economists tell CBN
The Centre for the Promotion of Private Enterprise, has advised the Central Bank of Nigeria to review its ban on…
U.S. SEC charges Medallion taxicab lender with fraud, shares tumble
The U.S. Securities and Exchange Commission charged Medallion Financial Corp and its president with fraud. They were charged for trying…
Asset Sales To Dominate Nigeria’s Oil Sector, Says Analyst
Nigeria is likely to contend with a gale of divestments by international oil companies, According to the global provider of…
Nigeria: We’ll partner govt to reduce unmetered customers – IBEDC
Ibadan Electricity Distribution Company Plc has re-inaugurated the Meter Asset Provider Scheme efforts to enhance meter rollout across its areas…
With 50% Increase, Oil Price Records Biggest Annual Gain Since 2009
Oil prices fell at the weekend but still posted the biggest annual gains since 2009, spurred by the global economic…
Tencent Raises $3 Bln By Trimming Stake In Shoppee-Owner Sea
Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) has raised $3 billion by selling 14.5 million shares at…
China’s Market Regulator Fines Alibaba, Tencent For Failing To Report Deals
China’s top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd (9988.HK), Tencent Holdings Ltd…
Foxconn India iPhone Plant Extends Closure, Workers’ Hostels Inspected -Source
A Foxconn iPhone factory in India at the center of a mass food-poisoning incident will extend a week closure by…
BREAKING: Buhari Appoints Doyin Salami Chief Economic Adviser
President Muhammadu Buhari has appointed Dr Doyin Salami as his Chief Economic Adviser. This was disclosed by the Special Adviser…
Turkish Lira Slips As Inflation Seen Soaring Higher
The lira slid as much as 4% against the dollar on Tuesday as Turkey girded for inflation to rise further…
Dubai’s Global Ventures Close To Raising $100 Mln Target For Second Fund
Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments from Abu…
Alitheia IDF Hits Target With Gender-Lens Fund’s Final Close
The management of Alitheia IDF (AIF), Africa’s women-led and women-focused private equity fund. It announced the final close of the…