Crypto Lender Voyager Files For Bankruptcy.
Voyager Digital (VOYG.TO) has filed for bankruptcy, the crypto lender said in a statement, a week after suspending withdrawals; trading and deposits to its platform as it sought additional time…
NSITF Pays N300m Compensations To Employers, Employees- Nigeria.
According to the Nigeria Social Insurance Trust Fund,N306,554,896 was reimburse out over the previous four months; as claims and compensations to its registered employers, employees and their dependents. The compensations…
Airbus Cancels Deal With Qatar Airways For Fourth A350
Europe’s Airbus (AIR.PA) has raised the stakes in a dispute with Qatar Airways over damage to the painted surface of long-haul A350 jets; by revoking the contract for a fourth…
NAICOM Revokes Niger Insurance, Standard Alliance Licences, Appoints Liquidators
Following the failure of several palliatives to strengthen both Niger Insurance Plc and Standard Alliance Insurance; the National Insurance Commission (NAICOM) has revoked their licenses, weeding them off the market.The…
Real Estate Firm Cushman & Wakefield Held In Contempt, Fined $10,000 A Day
A New York judge on Tuesday held real estate firm Cushman & Wakefield PLC; in contempt of court for not producing documents subpoenaed in a probe of former U.S. President…
FG Reveals Why It Is Pushing For More Public Private Partnerships In Nigeria
The Federal Government has declared that the current financial situation of Nigeria brought about by the global COVID-19 pandemic; and dwindling revenue has made the shift to Public-Private Partnerships more…
Central African Republic Starts Crypto Hub To Boost Financial Inclusion
To encourage the growth of the regional crypto ecosystem, the Central African Republic (CAR); developing the Sango crypto hub initiative, which is supported by the government. The Sango project was…
Oil And Gas Is Best Performing Index In HY 2022 With 58% Gain
Russia’s invasion of Ukraine has led to a sharp rise in global oil prices; amounting to more than 100 dollars per barrel. This development, without doubt, has posed high implications…
Mexico’s Femsa To Buy Swiss Store Operator Valora for $1.15 Bln In Europe Push.
Mexican bottler and retailer company Fomento Economico Mexicano (Femsa) (FEMSAUBD.MX) offered to buy Swiss kiosk operator Valora (VALN.S); in a 1.1 billion Swiss franc ($1.15 billion) all-cash deal as part…
Court Restrains Kano Govt From Borrowing N10bn For CCTV Cameras- Nigeria.
A Federal High Court sitting in Kano presided over by Justice Abdullahi Muhammad Liman has restrained Kano State Government; from borrowing N10 billion for the installation of CCTV cameras. The…
Tinubu To Buy 299.25m Oando Shares, As Exits Trail SEC Out-Of-Court Settlement
Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors. As they demand to exit Oando after enduring a long dispute involving the firm’s board;…
First Vessel From Hong Kong Berths At Lekki Deep Seaport- Nigeria.
Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the Lekki Deep Seaport arrived in Nigeria. The arrival of the vessel from Hong Kong, according…
Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best Corporate Governance Bank At World Finance 2022 Awards.
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022; retaining the award for a second consecutive year. The bank was also…
FIRS Extends Deadline For Filing Of 2022 Companies Income Tax Returns To 31st August 2022- Nigeria.
The Federal Inland Revenue Service has extended the deadline for filing Companies Income Tax Returns for the 2022 Year of Assessment,. Which was due on 30th June 2022, to 31st…
Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican Foreign Minister Marcelo Ebrard said on Monday. On Twitter, Ebrard…
Interpol Arrests South African Steynberg For Biggest Bitcoin Fraud
The U.S. Commodity Futures Trading Commission (CFTC) said it had filed civil charges against South African Cornelius Johannes Steynberg and his company. This is for operating a fraudulent commodity pool…
Asia Shares Squeeze Higher, Take Brief Respite From Growth Fears
Asian shares eked out their best day in a week on Tuesday as positive economic data and hints of easing Sino-U.S. tensions. They offered some respite after recent sell-offs, though…
Canadian Inflation Expectations Bolster Case For Supersize Rate Hike
Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over the long-term. A Bank of Canada survey showed Monday, bolstering calls for a very…
MTN, Airtel Win Big As 3,246 Subscribers Ported In May 2022
Data from the Nigerian Communications Commission (NCC) has revealed that a total of 3,246 subscribers. Who ported from one network to another in May 2022. This resulted in gains for…
Naira Falls Across FX Markets As Dollar Supply Dips Significantly
Monday, 4th July 2022: The exchange rate between the naira and the US dollar closed at N425.75/$. This is at the Investors and Exporters (I&E) window, representing the lowest level…
Celsius Has Paid $143 Million In Debt Since The Start Of Q3
Crypto lending platform, Celsius, has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the start of July, signalling that the platform is doing all it…
TrustBanc Raises N5.85bn From Series 7 And 8 Commercial Papers; Issue Achieves 117% Subscription
TrustBanc Holdings Limited (TrustBanc), the parent company of three regulated financial services companies. They have successfully closed its series 7 and 8 Commercial Paper (CP) issue for a total amount…
Emerging Asian Equities Post Biggest Foreign Outflows Since March 2020
Emerging Asian equities ex-China recorded massive outflows in June. This is as risk assets took a hit due to heightened concerns over a potential recession. Which with major central banks…
Bank Assets Rise By 21% To N64.32Tn – CBN
Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained from the Central Bank of Nigeria revealed that the assets…
Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses
Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the market. However, even as supply remains tight amid lower OPEC…
Japan’s KDDI Shares Slide Nearly 4% After Giant Mobile Network Outage.
KDDI Corp shares fell as much as 3.9%, the biggest system failure in the history of Japan’s No.2 wireless carrier. This affected almost 40 million users nationwide. The disruption, was…
Chinese Property Developer Shimao Misses Repayment On $1 Billion Bond
Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion offshore bond due on Sunday. This is in the latest blow to China’s…
Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At Stations- Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity if; the FG does not pay up the N74 billion it owes the association in…
Brazil’s Fertilizer Imports Jump As Farmers Prepare To Plant New Crop
Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data released on Friday. However, quashing fears of delivery disruptions amid trade sanctions on key…
CAF To Launch $200 Million African Super League In August 2023.
The Confederation of African Football (CAF) has divulge that the long-promise African Super League which FIFA. They say a $200 million league, is set August 2023. This was disclosed by…