The Global Recession Drum Beat Is Getting Louder.
Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction; that the world economy is…
Day: July 28, 2022
2022 Half Year: BUA Cement’s Talks Higher Interest Cost To Report 41% Growth In Earnings.
BUA Cement Plc on July 25, 2022, released to the investing public its Q2 financial statement for 2022. The Industrial…
FG To Increase Penalties For Gas Flaring.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Society of Petroleum Engineers (SPE) Nigeria Council has…
CBN Commends Remita For Pioneering Usage Of eNaira
The Central Bank of Nigeria (CBN) has commended Remita, Nigeria’s leading Fintech platform; for pioneering the usage of eNaira for…
NNPC Commercialisation May Affect Govt Finances – Nigeria.
A member of the Nigerian Economic Summit Group, Dr Ikenna Nwaosu, says the recent commercialisation of the Nigerian National Petroleum…
INEC Says Voter Registration Will Not Be Extended Beyond July 31.
The Independent National Electoral Commission (INEC) has warned that it will not extend the ongoing Continuous Voter Registration (CVR) which…
FG Says It Used $35 Million From Excess Crude Account To Purchase Offshore Patrol Vessels- Nigeria.
The Federal Government has responded to reports that the Excess Crude Account has dropped from $35.7 million to $376,655. The…
United States’ Federal Reserve Raises Interest Rate By 0.75%
The Federal Reserve has raised its benchmark interest rates by 75 basis points for the second consecutive month in a…
Shell And Total Resume Their Buyback Following Record Profits.
Europe’s biggest oil companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) extended share buybacks; after their second-quarter profits beat an already record-breaking previous quarter on the…
Rising Rates To Cushion Impact On Asia Banks From Slowing Economies.
Asia-focused lenders HSBC (HSBA.L), Standard Chartered (STAN.L) and their Southeast Asian peers such as DBS (DBSM.SI); are set to report an improvement in second-quarter net…
Central Bank Of Nigeria’s July 2022 Treasury Bills Auction Records 23% Oversubscription.
It is worth noting that, despite the rise in the interest rate, increased inflationary pressure to 18.6% in June 2022;…
Nigerians Run To Crypto Amid Falling Naira, Bitcoin P2P Trading Surge By 258% In 7 Days.
Many Nigerians are hedging against collapsing local currency by amassing dollar-denominated digital assets, in particular stablecoins and bitcoins. Thereby causing…
Nissan’s Operational Profit Fell By 14% In The First Quarter.
Nissan Motor Co’s (7201.T) first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million); the Japanese carmaker said, citing surging raw…