Online Fashion Retailers ASOS, Boohoo Weighed Down By Returns.
As consumers struggle with inflation and return to pre-pandemic behavior, British online fashion retailers ASOS (ASOS.L) and Boohoo (BOOH.L) issued…
Day: June 16, 2022
London Stock Exchange Pours Cold Water On Merging Listing Segments.
Compressing Britain’s two company listing segments to attract more tech firms could put an existing “gamechanger” at risk. Britain wants…
Cryptocurrency Exchange Binance: 2022 Volumes So Far Similar To 2021’s $34 Trillion
Cryptocurrency exchange Binance’s Chief Executive Officer, Changpeng Zhao, said that volumes on the exchange so far in 2022 were similar…
OPEC+ Crude Oil Output Boost Undershoots Targets In May
OPEC+ produced 2.695 million barrels per day below its crude oil targets in May. Because of production problems at several…
Nigeria Must Increase Productivity To Improve Naira Value — Experts
Nigeria must increase its productivity and change consumption patterns to shore up the value of naira. The Central Bank of…
Rising Inflation, Others Threaten Buhari’s Poverty Reduction Scheme –World Bank Economists.
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and…
Nigeria’s Internet Subscription Hits 148 Million In April 2022.
Subscriptions for internet across mobile, fixed, and VoIP networks in the country increased to 148 million in April this year.…
US Federal Reserve Hikes Benchmark Interest Rate By 0.75 Percentage Point.
The U.S. Federal Reserve raised its target interest rate by three-quarters of a percentage point to combat a disruptive rise…
Heifer International Compensates 3000 Farmers With N100m Insurance.
In its resolve to help smallholder farmers mitigate loss of harvests due to poor weather conditions, pests and diseases. Rufus…
Google Ordered To Pay Australian Politician Over Defamatory YouTube Videos.
An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000). Saying its refusal to remove a…
UAC Completes Maiden N18.7 Billion Commercial Paper Issuance.
UAC of Nigeria PLC has announced the successful completion of its N18.7 billion Series 1 and 2 Commercial Paper issuance.…
Bank Customers To Produce Indemnity For Online Transfers Above N1m – CBN
The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity. Indemnity from customers for highly…
E-Dividend Portal To Be Automated By Q3 2022 –SEC
The Electronic Dividend Mandate Management System (E-DMMS) will be fully in use by the end of the third quarter (Q3)…
Mobile Transactions Hit N4.86tn In Four Months – NIBSS
Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46% from N136.85bn. Within the first four months of…
2.4 Million Metric Tonnes ish imports depleting Nigeria’s forex –FG
Nigeria yearly imports roughly 2.4 million metric tonnes of frozen fish.Which is putting a strain on its foreign exchange reserves.…
Shell Ask Court To Hands Off N700 Billion Oil Spill Suit Pending Determination Of Appeal.
The Shell Petroleum Development Company (SPDC) has asked the Federal High Court in Yenagoa to stay. Proceeding in the N700…
Stock Market Investors Gain N158bn- Nigeria.
Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share…
Fitch Withdraws Ratings On Debt-Laden China Evergrande, Subsidiaries.
Fitch Ratings said it has decided to withdraw its rating on embattled property developer China Evergrande Group (3333.HK) and two…
Bank Launches Platform For Solar Energy Consumers- Nigeria.
Sterling Bank Plc has launched a new and innovative digital product, known as the Imperium Platform. To connect consumers and…
Futures Climb On Lower Oil Prices; Private Jobs Report In Focus.
In anticipation of a report on private payrolls, U.S. stock index futures increased as the price of oil declined. Brent…