Canada’s Inflation Rate Hit 8.1% In June As Gasoline Prices Bite
Canada’s annual inflation rate accelerated to 8.1% in June, missing forecasts but remaining at its highest level since January 1983,…
Day: July 20, 2022
Canada Home Price Index Growth Slows Again In June – Teranet
Canadian home price growth slowed sharply in June from May; with year-over-year price gains also inching off recent record highs,…
Why The Black Market Is Holding The Naira Ransom
The naira continued to devalue against the dollar as it traded at N630 per dollar. However, the official market saw…
FG Completed 266 Ecological Projects Since 2015—Buhari
The President, Major General Muhammadu Buhari (retd.) revealed that the Federal Government; between 2015 and 2022, completed at least 266…
Inside Safaricom Top Executive Shake-Up
More than half of Safaricom’s executives have quit the telco over the past two years; allowing CEO Peter Ndegwa who…
Suppliers Plan Class Action Over Sh574Bn Unpaid Bills
Government suppliers are planning to file a class action suit over arrears owed by parastatals, ministries, counties and other State…
Forex Reserves Fall Amid Debt Repayment Pressure
Kenya’s official foreign reserves have fallen to Sh941.5 billion ($7.953 billion) in the week ended July 14; with the import…
CIC Halts Land Sale On Lukewarm Interest.
CIC Insurance Group has postponed the sale of its subdivided 200-acre land in Kiambu to next month after the August…
AfDB Board Approves Over $1Bn For Emergency Food Production Plan
The African Development Bank (AfDB) Group’s Board of Directors has approved 24; fast-track programmes to help the continent mitigate rising…
IFC Bets Big On Kenyan Banks.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan…
Dangote Industries Successfully Completes N187Bn Bond Issuance
Dangote Industries Limited (DIL), one of the leading, diversified and fully integrated conglomerates in Nigeria and Africa; yesterday announced the…
EFCC Extradites Nigerian Fraud Suspect On FBI’s Wanted List To US.
A wire fraud suspect, Fatade Idowu Olamilekan, who is on the wanted list of the Federal Bureau of Investigation (FBI)…
Outcry As CBN Raises Interest Rate Again- Nigeria.
The Monetary Policy Committee of the Central Bank of Nigeria raised the Monetary Policy Rate from 13 % to 14%.…
Buhari unveils NNPC Limited, agency halts FAAC remittances.
The Nigerian National Petroleum Company Limited on Tuesday made it clear that it would no longer remit any money; to…
FG Continues $3.5Bn Eni & Shell Suit, Italy Drops Charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against…
Billionaire Investor, Ken Langone, Highlights Three Things All Businesses Need In Order To Grow.
Billionaire investor and philanthropist, Ken Langone has pointed out three core business principles that worked for him during his career.…
Stock Investors Lose N6bn as MPC Hikes Rate To 14%
The decision of the Monetary Policy Committee (MPC) to raise the Monetary Policy Rate (MPR) to 14% from 13% had…
Three Arrows Capital Owes 27 Crypto Companies $3.5 Billion.
Crypto hedge fund, Three Arrows Capital, popularly known as 3AC, according to court documents, owed 27 crypto companies $3.5 billion.…
Official Exchange Rate Appreciates As Forex Supply Surges By 301% To $389 Million.
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors. Naira appreciated significantly against…
Higher Crude Oil Prices Boost Nigeria’s Oil And Gas Stocks
The Oil and Gas Index which emerged as the best performing index has gained 64.42% year-to-date. The Nigerian Stock Market…
Crypto Market Reclaims Trillion Dollar Status With Altcoins Leading The Charge.
Despite the increase in the U.S. inflation rate to 9.10%, a multi-year high; the cryptocurrency market capitalization has reclaimed its…
CBN’s RT 200 generates $600 million in 6 months
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded in Nigeria’s external…
Water Resources Bill: FG Says It Will Push On Despite Backlash From Nigerians.
The Federal Ministry of Water Resources has state that it will not be deter by backlash on the propose Water…
COVID Cases Triple Across Europe As Hospitalizations Double
According to WHO, coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half of all…
Flutterwave Unveils Graduate-Trainee Program To Create Jobs For Young Nigerians
Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave Graduate Trainee Programme. This programme aims…
South Korea Unbothered About Capital Outflows, Finance Minister Says
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the Asian financial system…
Crypto Custodian BitGo Cleared To Operate In Italy
Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto companies. According to documents from Italian…
Another Twitter Hack Hits the NFT Community
Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the twitter accounts of NFT…
Chinese Banks Hold Lending Rates as PBOC Remains Cautious
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which is…