Fuel Queues Return To Abuja, Motorists Flay NNPC, FG
Fuel queues returned to Abuja as motorists spent hours at filling stations waiting to buy the Premium Motor Spirit. This…
Day: June 17, 2022
Stocks Rise As Investors Await U.S. Jobs Data For Fed Cues
Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal Reserve.…
EXCLUSIVE China Firms In Advanced Talks With Qatar For Gas Field Stakes, LNG Offtake.
China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the…
Inflation Surges Again, Hits 17.71% Amid Rising Prices.
Nigeria’s inflation rate has again surged to 17.71%, according to latest figures by the National Bureau of Statistics. In May…
72 Of The Top 100 Cryptos By Market Capitalization Have Fallen 90% Or More.
The current bear market has seen a whopping 72 out of top-100 tokens by market capitalization fall. More than 90%…
Factbox: Companies Sell Their Businesses In Russia
Some Western companies have agreed to sell their Russian assets or hand them over to local managers. As they scramble…
Analysis: With Record Pump Prices, Biden Hard-Pressed To Ramp Up Russia Sanctions
The American consumer presents a significant obstacle as the Biden administration considers escalating sanctions against Russia. This is in response…
Nigerians Spent N3.25tn On Airtime, Data, Others In 2021 – NCC
Nigeria spent N3.25tn on airtime, data, and other telecommunication services in 2021, according to the Nigerian Communications Commission. This is…
Google’s Russian Subsidiary Submits Bankruptcy Declaration – Ifax
The Russian subsidiary of Alphabet’s (GOOGL.O) Google has submitted a declaration of bankruptcy, Interfax. The Russian authorities’ seizure of Google…
Porsche To Pay $80 Mln To Resolve Fuel Economy Claims On U.S. Vehicles
Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million. To…
Shares And Bonds Hit After Swiss And UK Rate Hikes.
World stocks fell and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about surging inflation.…
India’s Reliance considers buying out Revlon in U.S. – ET Now
Indian conglomerate Reliance Industries (RELI.NS) is considering buying out Revlon Inc (REV.N) in the United States, days after the cosmetics…
BOJ Maintains Ultra-Low Rates, Warns It Is Closely Watching Yen Moves
The Bank of Japan maintained ultra-low interest rates and its guidance to keep borrowing costs at “present or lower” levels.…
Lego To Invest Over $1 Billion In U.S. Brick Plant.
Toymaker Lego said it will invest more than $1 billion in a factory in the United States. To shorten supply…
Week Of Rate Hikes Has Stocks On Course For Steepest Slide Since 2020.
World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the…
WTO Strikes Global Trade Deals Deep Into Overtime.
The World Trade Organization’s164 members approved a series of trade agreements. That included commitments on fish and pledges on health…
Tesla Investor Sues Musk, Board Over Accusation Of Workplace Discrimination.
A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board. Accusing them of…