EXCLUSIVE Nike To Make Full Exit From Russia
Nike (NKE.N) is making a full exit from Russia three months after suspending its operations ther; as the pace of Western companies leaving the country accelerates. It joined other major…
15.64 Million Litres Of petrol Smuggled Out Of Nigeria Daily – Report
About 15.64 million litres of petrol are smuggled out of Nigeria daily. Nigerian petroleum products retail at an average 3.7 times cheaper than those of its neighbours. Which has given…
Russia Sent Dollar-Eurobond Coupon Payouts To NSD In Roubles – Fin Ministry
MOSCOW, June 23 (Reuters) – The Russian finance ministry said it had fulfilled its obligations on two issues; of dollar-denominated Eurobonds by sending 12.51 billion roubles ($234.5 million) in coupon…
Cisco, Nike Quit Russia, As Pace Of Western Firms Leaving Speeds Up.
U.S. companies Cisco Systems (CSCO.O) and Nike (NKE.N) plan to fully exit Russia; the two firms told Reuters on Thursday, as the pace of Western firms departing accelerated. Telecoms equipment…
As Russia Cuts Gas, German Industry Grapples With Painful Choices
The German companies that drive Europe’s biggest economy are contemplating painful cuts to their output and resorting. To polluting forms of energy previously considered unthinkable as they adjust to the…
Oil Prices Slump As Investors Fear Fed Rate Hikes Will Hurt Demand
Oil prices dropped by nearly $2 a barrel after another round of remarks from Federal Reserve Chair. Jerome Powell fanned worries U.S. interest rate hikes wouldslow economic growth. Brent crude…
Kerosene, Gas Prices Rise 88% In One Year – National Bereau Statistics(NBS).
Primary cooking fuels, kerosene and Liquefied Petroleum Gas, otherwise referred to as cooking gas, recorded; 88% price increase within in one year. “National Household Kerosene Price Watch,” the price of…
MTNN, OANDO Lead Giners By Value, With NGX Market Cap Up By N130 Billion.
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 47 basis points. The NGX ASI closed at 51,618.73 points to…
Cristiano Ronaldo Partners With Binance On NFT Deal
Football superstar and six-time Ballon d’Or winner, Cristiano Ronaldo, has signed an exclusive multi-year nonfungible token (NFT) partnership; with the world’s largest cryptocurrency exchange by market volume, Binance. The collaboration…
Drinksdirect.ng And Cane Integrated Investment Ltd On Empowering Women And Young Adults In Collaboration with Stanbic IBTC
Empowerment program by Cane and drinksdirect.ng
Crypto Focus: Why SNX Is Up Over 100% Despite Market Crash
SNX, the native token that powers the Synthetix Decentralized Finance protocol, has surged in value in what is a defiance of the current market trend, as Bitcoin and other cryptocurrencies…
Tesla Under Pressure To Boost Wages To Attract Workers To German Plant
Electric carmaker Tesla (TSLA.O) is having to raise wages to attract employees to its new manufacturing plant outside Berlin. A top German union said, warning of a looming pay dispute…
Crypto Fears Now Materialising, Central Bank Body BIS Says
Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body…
CardinalStone Securities Limited Executes The Largest Block Deal In The Nigerian Capital Market
CardinalStone Securities Limited is pleased to announce the execution of the sale of 27,336,952,296 ordinary shares of Union Bank of Nigeria Plc at ₦7.00 per share by Atlas Mara Limited…
Nigeria’s Sovereign Investment Authority (NSIA) Plans Takeover Of Power Plants
Reports indicate that Nigeria’s Sovereign Investment Authority (NSIA) is planning a takeover of underperforming government assets such as power plants. The move suggests operators of the country’s sovereign wealth fund…
FG Inaugurates Committee To End Agro Exports Rejection- Nigeria.
Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo,inaugurated a committee to examine and end rejection of Nigeria agro produce in the international market. The minister Ifedayo Sayo, said the…
Debt Management Office Says Subscriptions For FGN Bonds Rose From N100 Million To Over N1 Billion In Months- Nigeria.
The Debt Management Office (DMO) stated that subscription to FGN savings bonds has increased from about N100 million to over N1 billion in the last few months. This was said…
Domestic Foreign Transactions On Nigerian Exchange Hits N1.506trillion In 5 Months
The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months of the year 2022 has recorded a total sum of N1.506 trillion.…
Odu’a Investment Company Declares N418.4 Million Dividend Payment To Shareholders
Odu’a Investment Company Limited has approved to pay its shareholders N418.4 million as final dividends for the 2021 financial year. Representing a 15% increase compared to the N364 million paid…
Neveah Limited Issues N5.7 Billion Series 3, Series 4 Commercial Paper Programme
Neveah Limited has announced the quotation of its Series 3 and Series 4 Commercial Paper Issuances on the FMDQ Exchange. The issuance of these Series is in line with the…
Investors Lose N247.62 Billion In Two Top Nigerian Banks Year-To-Date As Sell Pressure Intensifies
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO Plc since the beginning of the year has resulted in investors…
Wema Bank Stock Gains 340% In 6 Months
The NGX Banking index is designed to provide an investable benchmark to capture the performance of the banking sector, which comprises the most capitalized and liquid companies in banking. The…
The NGX Continues Bullish Run As Market Cap Grows By Over N150 Billion
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 56 basis points. The NGX ASI closed at 51,377.21 points to…
Canada’s Inflation Jumps 7.7% In May, The Highest Since January 1983
Canada’s annual inflation rate skyrocketed to 7.7% in May 2022, the highest since January 1983. This was disclosed by Statistics Canada data today, which stated that excluding gasoline. The CPI…
Samsung Australia Fined $9.7 Mln Over False Water-Resistance Claims.
Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics (005930.KS) to pay a A$14 million ($9.65 million) penalty for nine misleading advertisements about a…
Recession Fear Stalks Oil, Copper And Stocks.
Global markets fell as investors worried that further rises in interest rates to quell decades-high inflation would tip economies into recession. The German economy, Europe’s largest, suffered a sharp loss…
Telegram Hits 700 Million Users, Launches Premium Subscription-Based Service.
Telegram has stated that it is able to reach a 700 million monthly active users milestone from personal recommendations. And without having to pay to advertise the app. The cloud-based mobile and…
Tesla Under Pressure To Boost Wages To Attract Workers To German Plant.
Electric carmaker Tesla (TSLA.O) is having to raise wages to attract employees to its new manufacturing plant outside Berlin. A top German union said, warning of a looming pay dispute…
Despite Falling Below $20,000, Over 50% Of Bitcoin Addresses Are Still In Profit.
Data from on-chain analytics firm, Glassnode, reveals that more than half of Bitcoin wallet addresses existing are still in profit. Raising questions about the severity of the current market sell-off…
Lunch With Billionaire Businessman, Warren Buffet Goes For $19 Million
Lunch with billionaire businessman, Warren Buffett became this year’s most expensive item at the auction for GLIDE. This a charity organization based in San Francisco, in the United States of…