Anti-Corruption Agencies May Recover IOCs $6.4bn Debt – NEITI.
The Nigeria Extractive Industries Transparency Initiative threatened oil firms operating in the country that it would not hesitate to activate…
Month: July 2022
Mutual Funds Rebound, Assets Hit $3.64bn – Report.
After suffering decline in 2021, Nigeria’s assets under management in mutual funds rose to $3.64tn in the first five months…
IMF, World Bank Group Announces Dates For 2022 Annual Meetings
According to a joint statement by the IMF and World Bank Group, the date for the 2022 Annual Meetings has…
International Organization Of Securities Commissions Publishes Crypto-Asset Roadmap For 2022-2023.
International Organization of Securities Commissions (IOSCO) has published its Crypto-Asset Roadmap for 2022-2023. Which sets out its regulatory policy agenda…
Amidst Rising Inflation, Telcos Are Rolling Out Cheaper Tariff Plans
Despite the rising inflation across sectors of the economy and globally, telecommunications operators in Nigeria are still rolling out more…
Crude Oil Theft In Nigeria Is “Organized Crime”–Chevron Nigeria CEO.
Crude oil theft in Nigeria is an organized crime and should be differentiated completely from host community issues. This is…
Nigerian States Pay N21.62 Billion As External Debt Deductions In Q1 2022
Thirty-six states of the federation parted with a sum of N21.62 billion; as external debt deductions in the first quarter…
Why Gold Prices Are Falling Despite High Inflation.
As the greenback stayed close to a two-decade high on international markets; the yellow shining metal today dropped to nine-month…
FG Approves N400 Billion For Conditional Cash Transfer, Farmer Money, others- Nigeria.
The Federal Government has approved the sum of N400 billion under the National Poverty Reduction and Growth Strategy (NPRGS). Which…
Ericsson’s $6.2 bln Vonage Takeover Gets U.S. Clearance
Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud…
Dollar Catches Breath As Fed Officials Leave Market Pondering Over Rates Path.
The dollar hovered below a near two-decade high in Asian trading, having slipped overnight. After two Federal Reserve policymakers said…
Stocks Stumble, Dollar Steadfast As Weak China Hardens Growth Worries
Asian stocks hit a two-year low on Friday and were heading for a weekly loss; while it set the dollar…
Oil Rises On Prospects Of Less Aggressive U.S. Rate Hike
Oil prices rose amid prospects of a less aggressive U.S. rate hike; although worries about a recovery in demand capped…
TomTom’s Quarterly Loss Widens As Inflation, Supply Chain Issues Weigh.
Dutch navigation and digital mapping company TomTom (TOM2.AS) reported worse-than-expected loss for the second quarter, citing high inflation and strained…
Stocks Stumble As China Slowdown Rattles Investors
Asian stocks fell to a two-year low and were heading for a weekly loss; while they set the dollar for…
S&P 500, Dow Close Lower After Bank Earnings, Inflation Data.
The S&P 500 (.SPX) pared early losses to close modestly lower, after investors digested disappointing quarterly results from two large…
Alibaba Shares Fall On Report Of China Probe Over Data Theft.
Shares in Alibaba Group Holdings Ltd (9988.HK) fell 5.7% after the Wall Street Journal reported that the Chinese tech giant’s…
Handelsbanken’s Q2 Profit Misses Forecasts On Hedging Loss
Swedish bank Handelsbanken reported its second-quarter profit well below forecasts; after a downturn in capital markets triggered a loss on…
Uniqlo Owner’s Shares Reach 2022 High On Profit Forecast, Yen.
Fast Retailing shares surged to the highest level this year in Tokyo trading after the owner of clothing brand Uniqlo…
Morgan Stanley Profit Slumps 30% As Deals Stall, Recession Risks Rise.
Morgan Stanley’s second-quarter profit slumped 30%, it reported, falling short of analysts’ estimates for the first time in nine quarters;…
China C.Bank Keeps Medium-Term Policy Rate Unchanged For A Sixth Month
China’s central bank stood pat on its medium-term policy rate for a sixth straight month; as expected, with investors believing…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
Deutsche Bank’s International Private Bank hired four bankers in the Americas, according to an internal memo seen by Reuters. The…
China’s Economy Brakes Sharply In Q2, Global Risks Darken Outlook
China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns; and…
Chocolate Factory To Restart Production After Salmonella Scare – Barry Callebaut
Barry Callebaut said that it would restart the first chocolate production lines as of early August; at its factory in…
UK Court Allows Civil Case Claimant To File NFT Legal Documents
Non-fungible tokens (NFTs) have found a way into the British legal system; weeks after a similar development in the United…
Major Crypto Lender Celsius Files For Bankruptcy
Crypto lender, Celsius Network said it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency…
Lagos To Launch New Electronic ID Card for Residents
Lagos State Government is set to roll out smart i.d cards for residents of the State through the LSRRA The…
Investors Selling Off Investments In Oil Futures Over Recession Fears
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to…
Netflix Has Named Microsoft As Partner For Its Ad-Supported Service
Netflix has named Microsoft as its partner for its ad-supported service, the companies announced Wednesday. The “Stranger Things” streamer, which has been struggling…
Fidson Plans N1 Billion Dividend Bonus Shares For Shareholders
Fidson Healthcare sets to pay shareholders over N1 billion in dividends and also issue them one new share for every…