Nigeria Spends $2.35bn On Phone Importation – Report.
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent…
Day: August 10, 2022
Confusion as anonymous crypto user sends US-based celebrities ether directly from banned Tornado Cash.
As the cryptocurrency world continues to debate whether or not the ban of Tornado Cash was good for the ecosystem…
Dangote Cement Shareholders Lose N409 Billion On Sell Pressure.
Negative sentiment witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange has resulted in shareholders of Dangote…
Nigerians Can Now Pay Utility Bills With Crypto – Rutherford Atayobo, CEO, Manilla Finance.
When Bitcoin was created, the motivation behind it was to break the bias and trend of the fiat banking system,…
Students Cheer As Online Translation Tools Add More African languages.
Ugandan IT student Andrew Njuki spent years hunched over English-language textbooks; often grappling with material that would have been easier…
Website Creator Wix.com Plans Cost Cuts As Q2 loss Narrows.
Wix.com (WIX.O), which helps small businesses build and operate websites; reported a smaller-than-expected second-quarter loss and announced a plan to sharply…
Thailand Hikes Rate For First Time Since 2018 To Tame Hot Inflation.
Thailand’s central bank raised its key interest rate for the first time in nearly four years; lifting it by a…
Nervous Calm As Dollar Prepares For Inflation Test.
Major currencies held steady, with traders cautious about placing large bets ahead of U.S. inflation data, which markets will scrutinise…
Demand For FX Derivatives Jumps As Central Banks Prep Rate Rises- CME Group.
Demand for currency derivatives has shot up this year, data from CME Group showed; in a sign investors are positioning…
UK’s FTSE 100 Steady Ahead Of U.S. Inflation Data.
UK’s blue-chip FTSE 100 was steady on Wednesday as investors digested mixed earnings reports. While caution reigned in global markets…
European Shares Dip As U.S. Inflation Data Looms; Ahold Jumps.
European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States,…
Toyota Says No Change To Plan To Produce 9.7 Mln Vehicles Globally This Year.
Toyota Motor Corp (7203. T) said it would hold to its plan to produce 9.7 million vehicles globally this fiscal year; even…
Britain’s Truss backs powers to override financial watchdogs, says FT.
Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to override financial regulators if they…
EXCLUSIVE Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal.
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents; and industry…
Ukraine Sees Big Increase In Agriculture Exports In July.
Ukraine’s grain, oilseed, vegetable oil exports rose 22.7% in July versus June to 2.66 million tonnes. Grain exports slumped since…