Canada Inflation Eases To 7.6% In July, But Analysts Eye Oversized Rate Hike.
Canada’s inflation rate eased slightly in July, as lower gasoline prices outweighed fast-rising food prices; but economists said hot core…
Day: August 18, 2022
Memecoins Rally As Crypto Market Cools Off.
Its “meme” rally in the cryptocurrency space as investors seem to be hungry to take on more risk given the…
Ghana’s Central Bank Hikes Interest Rate To 22% To Combat Inflation, Forex Crisis.
Ghana’s central bank has raised its interest rate by 300 basis points to 22% to tame inflation and stabilize the…
Seme Customs Intercepts 119,940 Litres Of Petrol Worth N28.924m – Nigeria.
The Seme Command of the Nigeria Customs Service (NCS) has intercept 3,998 jerry cans of Premium Motor Spirit (PMS); equivalent to 119, 940…
Why We Can’t Generate 5,000mw Of Power – Nigeria FG
The Federal Government blamed its inability to reach the target of 5,000 megawatts of electricity generation as promised on shortage of…
After Elon Musk’s Joke, A Fake Manchester United Token Increases By Nearly 3,000%.
A fake Manchester United token as gained over 3,000% after Elon Musk, the world’s richest man, stated that he was…
Naira Appreciates Slightly At Black Market, Trades At N677/$1.
Wednesday, 17th August 2022: The exchange rate between the naira and the US dollar closed at N429.38/$1 at the Investors and…
Electricity Workers Suspend Strike Amid Blackout- Nigeria.
The National Union of Electricity Employees (NUEE) has suspended its nationwide strike for two weeks. The secretary-general of the union, Joe…
After the Fed minutes, Asia’s Shares Decline But The Dollar Remains Stable.
Asian shares fell, tracking Wall Street’s losses as the U.S. Federal Reserve looked set to maintain its path of interest…
IFC Of The World Bank Uses Blockchain To Track Carbon Offsets.
International Finance Corp (IFC), a World Bank affiliate, told Reuters it is backing a blockchain-enabled platform to trade carbon offsets;…
CBN Raises Interest Rate on Naira Savings Deposits to 30% of MPR.
The Central Bank of Nigeria (CBN) has announced an upward adjustment of the negotiable minimum interest rate; payable on local…
UBA Launches Innovative Experience Centre in Abuja, Nigeria.
Africa’s Global Bank, the United Bank for Africa has just launched a modern and future-forward Experience Centre in Abuja, Nigeria.…
ExxonMobil Assets: Oil Workers Commend FG’s Rejection Of Seplat Acquisition.
Oil workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN); have hailed President Muhammadu Buhari’s…
Crypto.com Gets UK Regulatory Approval.
Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Joining…
Emirates Airlines To Suspend Flights From Nigeria From September 1 Over $85million Trapped Revenue.
Emirates Airlines has announced the suspension of its flight operations to Nigeria, starting September 1, 2022, over its $85 million…