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Month: June 2022

Oil Prices Inch Higher On Relaxed China COVID Curbs, Tight Supplies
Local

Oil Prices Inch Higher On Relaxed China COVID Curbs, Tight Supplies

Oil prices rose on Tuesday, due to a demand recovery in China, as the world’s second-largest economy eases severe COVID-19…

byakintundeJune 7, 2022June 7, 2022
Panic In Crypto Market As Bitcoin Drops Below 30K, Nearly 80K Investors Burnt
Local

Panic In Crypto Market As Bitcoin Drops Below 30K, Nearly 80K Investors Burnt

The value of the crypto market plummeted below $1.3 trillion, pushing Bitcoin below $30,000. Bitcoin was last seen trading at…

byakintundeJune 7, 2022June 7, 2022
FG Warns Farmers Against Selling Government-Provided Inputs- Nigeria.
Local

FG Warns Farmers Against Selling Government-Provided Inputs- Nigeria.

The Minister of Agriculture and Rural Development, Dr. Mahmood Abubakar, has warned smallholder farmers against selling the agricultural inputs given…

byakintundeJune 7, 2022June 7, 2022
Why Nigeria Air May Not Fly As Soon As Expected
Local

Why Nigeria Air May Not Fly As Soon As Expected

The Nigeria Air, the national carrier, may not hit the sky due to a major challenge hindering its operations. The…

byakintundeJune 7, 2022June 7, 2022
DMO Offers June 2022 FGN Savings Bond For Subscription- Nigeria
Local

DMO Offers June 2022 FGN Savings Bond For Subscription- Nigeria

The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of the June…

byakintundeJune 7, 2022June 7, 2022
Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers
Local

Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers

Saudi Arabia, the world’s top oil exporter, raised July crude oil prices for Asian buyers to higher levels. Amid concerns…

byakintundeJune 6, 2022June 7, 2022
Bitcoin Surge Above $31K Amid Pending US Inflation Data
Local

Bitcoin Surge Above $31K Amid Pending US Inflation Data

Bitcoin traded just around $31K, moving up marginally from Friday but still inside its tight range. Since early May, Bitcoin…

byakintundeJune 6, 2022June 6, 2022
NCC Says 832 Subscribers Ported To MTN From Other Networks In April 2022- Nigeria
Local

NCC Says 832 Subscribers Ported To MTN From Other Networks In April 2022- Nigeria

The Nigerian Communications Commission (NCC) has revealed that 832 mobile subscribers ported to the MTN network in April 2022. The…

byakintundeJune 6, 2022June 6, 2022
South Africans To Sell Its Equity In Southern Sun Ikoyi Hotels To Kasada Group For $30.4 Million- Nigeria
Local

South Africans To Sell Its Equity In Southern Sun Ikoyi Hotels To Kasada Group For $30.4 Million- Nigeria

South Africa’s Southern Sun Africa (SSA) is disposing of its 75.55%. Majority shareholding in Southern Sun Ikoyi Hotels, one of…

byakintundeJune 6, 2022June 6, 2022
Abbey Mortgage Bank Grows Profit Before Tax By 116% -Nigeria
Local

Abbey Mortgage Bank Grows Profit Before Tax By 116% -Nigeria

Primary mortgage institution, Abbey Mortgage Bank Plc, has said its financial results for the year ended December 31, 2021. Shows…

byakintundeJune 6, 2022June 6, 2022
Firm Plans Fresh Investment In Oil Sector- Solewant Nigeria
Local

Firm Plans Fresh Investment In Oil Sector- Solewant Nigeria

The Managing Director, Solomon Ewanehi, in a statement said, “Solewant is now entering the next phase of its extensive development.…

byakintundeJune 6, 2022June 6, 2022
Nigerian Government Committed To Massive Investment In Irrigation – Minister
Local

Nigerian Government Committed To Massive Investment In Irrigation – Minister

The Federal Government has expressed its determination to massively invest in irrigation in order to diversify the nation’s economy. The…

byakintundeJune 6, 2022June 6, 2022
Real Estate Firm Calls For Global Decarbonization Shift
Local

Real Estate Firm Calls For Global Decarbonization Shift

Address Homes said property firms should embrace global shifts towards carbon emission reduction. The firm made the call during the…

byakintundeJune 6, 2022June 6, 2022
Moderna Delays COVID Vaccine Deliveries To EU By Several Months
Local

Moderna Delays COVID Vaccine Deliveries To EU By Several Months

Moderna Inc said on Thursday it has agreed to push back some COVID-19 vaccine deliveries to the European Union by…

byakintundeJune 2, 2022June 16, 2022
VFD Group to pay shareholders N10.79 dividend
Local

VFD Group to pay shareholders N10.79 dividend

VFD Group Plc, a proprietary investment company, has said it will pay its shareholders N10.79 per share with a bonus…

byakintundeJune 1, 2022June 1, 2022
Oil Prices Nudge Higher On EU’s Russian Oil Ban, End Of Shanghai Lockdown
Local

Oil Prices Nudge Higher On EU’s Russian Oil Ban, End Of Shanghai Lockdown

Oil prices inched higher on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil…

byakintundeJune 1, 2022June 3, 2022
Lagos int’l airport runway lights collapse, pilots warn FAAN
Local

Lagos int’l airport runway lights collapse, pilots warn FAAN

The approach lights on the runway of the Murtala Muhammed International Airport, Lagos, have gone off . These pilots depend…

byakintundeJune 1, 2022June 1, 2022
Startup Index: Nigeria Ranks 61st Globally, 2nd In Africa
Local

Startup Index: Nigeria Ranks 61st Globally, 2nd In Africa

The Nigerian startup ecosystem has been ranked 61st globally. And second in Africa on the Global Startup Ecosystem Index by…

byakintundeJune 1, 2022June 1, 2022
Britain’s Frasers Buys Missguided For $25Million
Local

Britain’s Frasers Buys Missguided For $25Million

British sportswear and fashion group Frasers (FRAS.L) has acquired online women’s fashion retailer Missguided out of administration, it said on Wednesday. The…

byakintundeJune 1, 2022June 1, 2022
Mapmaker TomTom To Cut 10% Of Jobs Due To Improved Automation
Local

Mapmaker TomTom To Cut 10% Of Jobs Due To Improved Automation

TomTom (TOM2.AS) will shed around a tenth of its global workforce, the Dutch navigation and digital mapping company said on…

byakintundeJune 1, 2022June 1, 2022
MTN Nigeria Appoints Mroue As Non-Executive Director
Local

MTN Nigeria Appoints Mroue As Non-Executive Director

MTN board has approved the appointment of Mazen Mroue as a non-executive director of the company effective June 1, 2022.…

byakintundeJune 1, 2022June 1, 2022
Power Sometimes Gulps 40% Of Our Production Costs – Manufacturers In Nigeria
Local

Power Sometimes Gulps 40% Of Our Production Costs – Manufacturers In Nigeria

The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable power supply is adversely affecting…

byakintundeJune 1, 2022June 1, 2022

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