World Markets Currency Markets Try To Regain Footing February 23, 2022 akintunde Currency markets paused for breath on Wednesday after a choppy few sessions as whipsawed markets looked to get a handle on the latest developments in eastern Europe amid a deepening…
Market Trade World Oil Pulls Back On Fading Supply Worries Over Ukraine Crisis February 23, 2022 akintunde Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of U.S. and European sanctions on Russia for…
Business Technology World Hybrid Work Trend Drives PC Maker Lenovo’s Q3 Profit To Record 62% Growth February 23, 2022 akintunde Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group (0992.HK), the world’s biggest maker of personal computers said on Wednesday, as the growing popularity…
Business Local Trademark War: Court Rejects Coca-Cola’s Request February 23, 2022 akintunde The Federal High Court sitting in Kano has refused to grant an interlocutory injunction sought by the Coca-Cola company seeking to stop Pop Cola from continuing its business pending the…
Business World UK Boosts Access To Finance For Women-Owned Businesses And Clean Energy Projects In Nigeria February 23, 2022 akintunde A new £74 million (41.6 billion Naira) financial package from the UK will support women entrepreneurs across Nigeria, who are facing disproportionate barriers to business. The UK Minister for Africa…
Business Trade World Oil Prices Near $100 A Barrel Amid Russia-Ukraine Crisis February 22, 2022 akintunde Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The latest price is above the oil benchmark of $62/barrel in…
Local Clearing agents ground port operations, begin indefinite strike over CBN e-valuation February 22, 2022 akintunde Ports operations at both Tin-Can Island and the Ports & Terminal Multipurpose Limited may have been grounded on Monday, following the commencement of the withdrawal of services by agents and…
Crypto Technology World Axie Infinity Surpasses $4 Billion In All-Time NFT Sales February 22, 2022 akintunde Popular Play-to-Earn (P2E) blockchain game, Axie Infinity, created by the Vietnamese software studio, Sky Mavis, has a total of $4.14 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn…
Local No more multiple taxation in Rivers, says commissioner February 22, 2022 akintunde The Rivers State Commissioner for Information and Communications, Pastor Paulinus Nsirim, has said the administration of Governor Nyesom Wike has put an end to multiple taxations in the state. Nsirim…
Energy Local World UK to fund £10m energy projects in Nigeria February 22, 2022 akintunde The United Kingdom announced on Monday its plan to inject £10m worth of aid to invest in energy access projects and support Nigeria’s COP26 commitments. The UK said in a…
Finance Local Market Investors gain N50.35bn as 31 stocks rise February 22, 2022 akintunde Investors gained N50.35bn on Monday at the end of trading on the floor of the Nigerian Exchange Limited. The market capitalisation of the equities listed on the NGX rose to…
Local Market Nigerian Breweries’ annual revenue grows by 29.7% February 22, 2022 akintunde Nigerian Breweries Plc has said its revenue for the 2021 financial year rose by 29.7 per cent to N437.19bn from N337.01bn in 2020. A statement by the Company Secretary/Legal Director,…
Local Two telcos raked in N2.02tn from airtime, data in 2021 February 22, 2022 akintunde MTN and Airtel Nigeria both raked in N2.02tn from airtime and data revenues in 2021, according to the financial statements of the two companies. The amount indicates a 20.01% increase…
Local FG wants EU ban on Nigerian beans exports lifted February 22, 2022 akintunde The Nigerian FG is making efforts to ensure that the ban on beans exports from Nigeria by the EU is lifted. FG said the ban lift will stimulate Nigeria export…
Local SCAM ALERT! Dangote Discards Fake Cement Promo Adverts February 22, 2022 akintunde Attention has been drawn to some fake reports tagged ‘2022 DANGOTE CEMENT PROMO START’ The fake reports were purportedly published on the front pages of some national dailies such as…
Africa Local Opinion Stakeholders to brainstorm on Africa’s competitive advantage February 22, 2022 akintunde Regional Scrum Gathering Nigeria has said stakeholders in the financial sector will brainstorm on how to boost competitive advantage for Nigeria and Africa. Former Chairman of First Bank, Ibukun Awosika,…
Local Trade Stock market capitalisation falls to N25.41tn February 22, 2022 akintunde The market capitalisation of equities listed on the Nigerian Exchange Limited fell by 0.12 per cent to close at N25.41tn last week. The NGX All-Share Index also declined by 0.13…
Local Nigeria President: Executive Could Do Due Diligence On Electoral Bill Till March 1st February 22, 2022 akintunde The office of the Presidency has responded to rumours surrounding the electoral bill, stating that there are no delays in its passage from the Presidency. This was disclosed in a…
Crypto World Bitcoin Loses $2K As Putin Orders Troops Into Ukraine February 22, 2022 akintunde With risk appetite dwindling because of escalating tensions between Russia and Ukraine, bitcoin lost more than $2K as it plunged to a more than two-week low. After Russian President, Vladimir…
Local Trade Nigeria Recorded $1.1 Billion Foreign Trade Balance In Q4 2021 February 22, 2022 akintunde Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill for the first time since Q3 2019, representing 8 consecutive…
Market World Ghana Cedi Ranked As Second Worst Performing Currency February 22, 2022 akintunde The Ghana cedi has been ranked as the second worst-performing currency. The local currency has depreciated by 4.70% to the US dollar. A report by Joy Business indicated that the…
Health World Beijing Insurance Coverage To Now Cover Fertility Services February 22, 2022 akintunde Beijing will include more than a dozen fertility services in a government-backed medical insurance scheme for the Chinese capital, state media reported on Monday. This is to support those seeking…
Business World Investigation Claims Credit Suisse Handled Dirty Money February 22, 2022 akintunde Credit Suisse handled billions of dollars in dirty money for decades, an international media investigation based on a massive data leak has claimed in the latest setback for Switzerland’s second-largest…
Local Market Nigerian Content Attracts $8bn Annually, Says NCDMB February 22, 2022 akintunde The implementation of the Nigerian Oil and Gas Industry Content Development Act has created over 50,000 direct jobs in the local economy over the past 11 years, the Executive Secretary,…
Local Ghana accuses harassed Nigerians of tax evasion, flouting rules February 18, 2022 akintunde The CEO of Ghana Free Zones Authority, Amb. Michael Ocquaye has said Nigerian businessmen accusing Ghanaian authorities have been found culpable of evading taxes Amb. Michael Ocquaye to India said…
Local No sugar scarcity, production not reduced, says FG February 18, 2022 akintunde The Federal Government on Wednesday refuted claims of imminent sugar scarcity in Nigeria. FG further stressed that there was also no reduction in the production of the commodity. It warned…
Local NNPC- How we rejected five cargoes of adulterated petrol February 18, 2022 akintunde The Nigerian National Petroleum Company Limited on Wednesday disclosed how five cargoes containing ethanol-laden petrol were rejected after discovering that the first was substandard. NNPC Group MD Melee Kyari, also…
Local Peter Obi- Borrowing for consumption is Nigeria’s major challenge February 18, 2022 akintunde Peter Obi, former governor of Anambra, says borrowing for consumption is Nigeria’s major challenge. He said this in a tweet on Thursday. According to him, the country can borrow funds…
Local Ikoyi Building Collapse: Lagos To Demolish Remaining Skyscrapers, Prosecute Culpable Officials February 18, 2022 akintunde The Lagos State Government has accepted 26 recommendations of the Toyin Ayinde-led panel. The panel was set up to investigate the collapse of a 21-storey building in the Ikoyi area…
Local NIN portal now restored, NIMC tells Nigerians February 18, 2022 Ekemini NIMC has said that the national identification number verification service portal has been fully restored. This was made known by its head of corporate communications, Kayode Adegoke, in a statement…
