Naira Falls To N609/$1 At P2P Market, Lowest On Record
The exchange rate between the naira and the US dollar closed at N421.25/$1 at the Investors and Exporters (I&E) window.Naira…
Day: June 15, 2022
Russia’s Rusal Files Suit Against Rio Tinto Over Alumina Refinery-Documents
Russian aluminium producer Rusal (RUAL.MM) has sued the global miner Rio Tinto (RIO.AX), seeking to win back access to its…
Apple Dives Deeper Into Autos With Software For Car Dashboard.
Apple Inc (AAPL.O) on Monday announced it would more deeply integrate its software into the core driving systems of cars.…
Crude Oil Exports Jump By 194%, Hit N5.6tn In Three Months- Nigeria.
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports jumped to N5.6trn. This is the first quarter…
The Bilateral Agreements Buhari Signed During His Trip To Spain- Nigeria.
President Muhammadu Buhari visited Spain where he met the Spanish President, Pedro Sanchez, King of Spain. He gave a speech…
Flour Mills Approves N8.8 Billion Dividend For Shareholders In FY 2022- Nigeria.
Flour Mills of Nigeria (FMN) Plc has proposed a total dividend of N8.8 billion for the 2022 financial year. As…
EXCLUSIVE Axon Halts Taser Drone Work As Most Of Its Ethics Panel Said To Resign.
Taser-maker Axon Enterprise Inc (AXON.O) says it’s halting work on a project to equip drones with stun guns to combat…
Customs Seize 828 Bags Of Foreign Rice, Others In Benin, Lagos.
According to reports, the Nigeria Customs Service’s Western Marine Command confiscated 828 bags of imported parboiled rice. This occured between…
Wapco Plc Loses Over N4 billion In Market Value, As Share Price Drops On N27.70
In yesterday’s trading session, Wapco (LaFarge) Plc share price depreciated by 1.07%. This too close at N27.70 per share, taking…
Dollar Rises By 21%, FX Shortage Persists After Party Primaries- Nigeria.
Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets. Indicating a worsening liquidity crisis in the foreign exchange…
Dangote Cement Spent N196 Billion On Fuel And Power In 2021 Due To Inflationary Pressure
Dangote Cement Plc has disclosed that fuel and power consumed by the company increased by 34.4%. That is, to N196.634…
Subsidy Overtakes Health, Education, Welfare Budgets, World Bank Warns Nigeria.
According to the World Bank, Nigeria’s government spends more on gasoline subsidies than on social security, health care, and education.…
Aluminium Extrusion Plc Declares Dividend Payment Of N0.05 Kobo To Shareholders
Aluminium Extrusion Plc has announced a final dividend payment of N0.05 kobo per 50 kobo. This dividend payment will be…
Bitcoin Tumbles As Crypto Sell-Off Accelerates
Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it. And spurring a sharp fall…
CBN To Launch Non-Oil Export Optimisation Framework- Nigeria.
The CBN has announced that it has established a comprehensive Non-Oil Export Optimisation framework. Mr Osita Nwanisobi, Director, CBN Corporate…
Binance CEO Hints On Plan To Hire For 2,000 Job Roles Amid Market Turmoil.
Binance CEO Changpeng Zhao has stated that potential crypto winter is good for business. When asked how Binance would fare…
Diesel Price May Hit N1,500 Per Litre In The Next Two Weeks – Marketers
The cost of diesel per litre is expected to increase from N800 to N1,500 within the next two weeks. This…
Bill Gates Says Crypto, NFTs 100% Based On Greater Fool Theory.
Bill Gates, a co-founder of Microsoft, claimed that the greater fool hypothesis underlies investments in cryptocurrencies like nonfungible tokens (NFTs).…
Francoise Bettencourt Meyers: World’s Richest Woman Is $2.5 Billion Richer Than Facebook’s Mark Zuckerberg.
The world’s wealthiest woman is now $2.5 billion richer than Mark Zuckerberg, the founder of Facebook. According to the Bloomberg…
Airbus Helicopters, Nigerian Company Ink Partnership Deal.
Airbus Helicopters Company has signed a partnership deal with EAN Aviation Limited. Making the Nigerian company a distributor for Airbus…
Nigerian Traders Lament Losses As Bitcoin Drops 52% Value.
Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the market value of Bitcoin. Since…
Baobab MfB Disburses N40bn Loans In 12 Months- Nigeria.
According to the CEO of BaoBab Nigeria, the company provides loans of roughly N40 billion to its clients in order…