Markets Currency Markets Try To Regain Footing
Currency markets paused for breath on Wednesday after a choppy few sessions as whipsawed markets looked to get a handle…
Month: February 2022
Oil Pulls Back On Fading Supply Worries Over Ukraine Crisis
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the…
Hybrid Work Trend Drives PC Maker Lenovo’s Q3 Profit To Record 62% Growth
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…
Trademark War: Court Rejects Coca-Cola’s Request
The Federal High Court sitting in Kano has refused to grant an interlocutory injunction sought by the Coca-Cola company seeking…
UK Boosts Access To Finance For Women-Owned Businesses And Clean Energy Projects In Nigeria
A new £74 million (41.6 billion Naira) financial package from the UK will support women entrepreneurs across Nigeria, who are…
Oil Prices Near $100 A Barrel Amid Russia-Ukraine Crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The…
Clearing agents ground port operations, begin indefinite strike over CBN e-valuation
Ports operations at both Tin-Can Island and the Ports & Terminal Multipurpose Limited may have been grounded on Monday, following…
Axie Infinity Surpasses $4 Billion In All-Time NFT Sales
Popular Play-to-Earn (P2E) blockchain game, Axie Infinity, created by the Vietnamese software studio, Sky Mavis, has a total of $4.14…
No more multiple taxation in Rivers, says commissioner
The Rivers State Commissioner for Information and Communications, Pastor Paulinus Nsirim, has said the administration of Governor Nyesom Wike has…
UK to fund £10m energy projects in Nigeria
The United Kingdom announced on Monday its plan to inject £10m worth of aid to invest in energy access projects…
Investors gain N50.35bn as 31 stocks rise
Investors gained N50.35bn on Monday at the end of trading on the floor of the Nigerian Exchange Limited. The market…
Nigerian Breweries’ annual revenue grows by 29.7%
Nigerian Breweries Plc has said its revenue for the 2021 financial year rose by 29.7 per cent to N437.19bn from…
Two telcos raked in N2.02tn from airtime, data in 2021
MTN and Airtel Nigeria both raked in N2.02tn from airtime and data revenues in 2021, according to the financial statements…
FG wants EU ban on Nigerian beans exports lifted
The Nigerian FG is making efforts to ensure that the ban on beans exports from Nigeria by the EU is…
SCAM ALERT! Dangote Discards Fake Cement Promo Adverts
Attention has been drawn to some fake reports tagged ‘2022 DANGOTE CEMENT PROMO START’ The fake reports were purportedly published…
Stakeholders to brainstorm on Africa’s competitive advantage
Regional Scrum Gathering Nigeria has said stakeholders in the financial sector will brainstorm on how to boost competitive advantage for…
Stock market capitalisation falls to N25.41tn
The market capitalisation of equities listed on the Nigerian Exchange Limited fell by 0.12 per cent to close at N25.41tn…
Nigeria President: Executive Could Do Due Diligence On Electoral Bill Till March 1st
The office of the Presidency has responded to rumours surrounding the electoral bill, stating that there are no delays in…
Bitcoin Loses $2K As Putin Orders Troops Into Ukraine
With risk appetite dwindling because of escalating tensions between Russia and Ukraine, bitcoin lost more than $2K as it plunged…
Nigeria Recorded $1.1 Billion Foreign Trade Balance In Q4 2021
Nigeria’s foreign trade balance leapfrogged to a surplus of $1.1 billion in Q4 2021, as export value surpassed import bill…
Ghana Cedi Ranked As Second Worst Performing Currency
The Ghana cedi has been ranked as the second worst-performing currency. The local currency has depreciated by 4.70% to the…
Beijing Insurance Coverage To Now Cover Fertility Services
Beijing will include more than a dozen fertility services in a government-backed medical insurance scheme for the Chinese capital, state…
Investigation Claims Credit Suisse Handled Dirty Money
Credit Suisse handled billions of dollars in dirty money for decades, an international media investigation based on a massive data…
Nigerian Content Attracts $8bn Annually, Says NCDMB
The implementation of the Nigerian Oil and Gas Industry Content Development Act has created over 50,000 direct jobs in the…
Ghana accuses harassed Nigerians of tax evasion, flouting rules
The CEO of Ghana Free Zones Authority, Amb. Michael Ocquaye has said Nigerian businessmen accusing Ghanaian authorities have been found…
No sugar scarcity, production not reduced, says FG
The Federal Government on Wednesday refuted claims of imminent sugar scarcity in Nigeria. FG further stressed that there was also…
NNPC- How we rejected five cargoes of adulterated petrol
The Nigerian National Petroleum Company Limited on Wednesday disclosed how five cargoes containing ethanol-laden petrol were rejected after discovering that…
Peter Obi- Borrowing for consumption is Nigeria’s major challenge
Peter Obi, former governor of Anambra, says borrowing for consumption is Nigeria’s major challenge. He said this in a tweet…
Ikoyi Building Collapse: Lagos To Demolish Remaining Skyscrapers, Prosecute Culpable Officials
The Lagos State Government has accepted 26 recommendations of the Toyin Ayinde-led panel. The panel was set up to investigate…
NIN portal now restored, NIMC tells Nigerians
NIMC has said that the national identification number verification service portal has been fully restored. This was made known by…