Exxon Signals Operating Profits Could Double Over The First Quarter
Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel. So as, crude sales could generate a record quarterly…
Month: July 2022
Despite Market Sell-off, These Crypto’s Have Positive YTD Return
It’s not news that the cryptocurrency market is having a very tough year. This is with the market capitalization losing…
KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.
KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant; has signed…
Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom
No fewer than 2,084 retirees cannot be on monthly pension payments. And have left the Contributory Pension Scheme in the…
Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%.
The Nigerian equities market closed bullish during the week as the All-Share index gained; 0.24% in the week ended 2nd…
Nigerian adults with bank accounts hit 45% — World Bank
The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance institution, post office, or…
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security Exchange Limited.…
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In June 2022
Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…
Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.
Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state. The Commissioner for Establishments, Training…
Heirs Underwriters Backs Africans With $30,000 Grant
Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group. Heirs Holdings, have said they will…
Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF
The Nigeria Solidarity Support Fund says Nigeria’s healthcare system is in crisis as it currently receives only 50% of its…
FG’s Ship Financing Fund Rises By 79%, Hits N145bn- Nigeria.
The Cabotage Vessel Financing Fund has risen from $195m to $350m in 2022, representing 79.4 % increase. It will be…
OPEC Faces Critical Oil Production Decision As Nigeria Gets 1.826m Bpd August Quota.
The Organisation of Petroleum Exporting Countries (OPEC) will in August decide whether to continue its current measured oil supply. Which…
NSE Firms Face Costly Dollar Loans As Shilling Weakens- Kenya.
Listed firms are facing higher finance costs as a result of the weakening of the shilling against the dollar. Exposing…
Banks Guaranteed N3.6 Billion Loans To Farmers Under The ACGSF – CBN.
The Central Bank of Nigeria announced banks guaranteed 28,830 loans valued at N3.6 billion to farmers. This is under its…
$1bn Natural Gas Sold To Portugal In 2022, Says NNPC.
The Nigerian National Petroleum Company Limited said it had sold over $1bn worth of natural gas to Portugal this year.…
Duty Payment On Carbonated Drinks Takes Off.
The Nigeria Customs Service (NCS) yesterday began collection on carbonated and sweetened drinks as contained in the Finance Act 2020.…
Marketers Deny FG’s N74bn Payment, Warn Of Massive Fuel Queues
Oil marketers on Thursday warned Nigeria could witness “the mother of all queues” from next week. This is if the…
Shell Suspends Multibillion-Dollar Assets Sale In Nigeria
Shell Group says it has suspended the divestment of its interest in its Nigeria subsidiary-Shell Petroleum Development Company. The IOC…
Stocks Slide, Dollar Rises As Growth Fears Mount.
Stocks fell and the dollar rose on Friday, beginning the second half of the year much as the first one…
FG Pays N74Bn Bridging Claims To Oil Marketers
The Federal Government on Wednesday said it paid N74bn as bridging claims to oil marketer. This is for the transportation…
FG To Generate N23 Billion In 30 Years From Concession Of Onitsha Port
The Federal Government has signed a deal for the concession of the Onitsha port with the Universal Elysium Consortium. Therefore,…
Bullish Nigerian Exchange Gains N5.64 Trillion In HY’2022
Equity trading on the floor of the Nigerian Exchange Limited (NGX) recorded a gain of N5.639 trillion during the half-year…
Naira Falls Further At The Official Market As Forex Turnover Declines.
Thursday, 30th June 2022: The exchange rate between the naira and the US dollar closed at N425.05/$1 at the Investors…
Italy’s AMCO To Buy 1.4 Bln Euros Of Non-Performing Leasing Credits From Intesa.
Italy’s state-owned bad loan specialist AMCO had signed an agreement with lender Intesa Sanpaolo (ISP.MI) to purchase a portfolio of…
Google To Pay $90 Mln To Settle Legal Fight With App Developers
Alphabet Inc’s Google has agreed to pay $90 million to settle a legal fight with app developers. Thi is over…
Italy June Manufacturing Growth Slowest For Two Years -PMI.
Italy’s manufacturing sector grew at the slowest pace in two years in June, as firms reported weak demand and increasingly…
Drop In Demand Weighs On German Manufacturing, 0utlook Darkens -PMI
A sharp fall in new orders weighed on German manufacturing activity in June. This darkens the outlook for Europe’s largest…
London Stock Exchange Head Of Data Leaves After Year In The Job.
The head of data at the London Stock Exchange Group (LSEG.L) has stepped down after a year in the job;…