OpenSea Trading Volume Plunges By 99% In 90 Days.
OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in its daily trading volumes. Data from…
Day: August 30, 2022
India’s Reliance Unveils $9.4 Bln Plan To Boost Oil To Chemicals.
Reliance Industries Ltd (RELI.NS), operator of the world’s biggest refining complex, will invest 750 billion rupees ($9.38 billion); over 5 years…
Maersk Agrees To Sell Stake In Russian Port Operator.
A.P. Moller-Maersk (MAERSKb. CO) said it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments (GLPRq. L) to Russia’s…
U.S. Govt To Provide $11 Mln For Production Of Monkeypox Vaccine.
The U.S. government said it would provide about $11 million to support the packaging of Bavarian Nordic’s (BAVA. CO) Jynneos monkeypox vaccine…
Ukraine Strike Hits Fuel Depot At Zaporizhzhia Nuclear Plant.
Officials installed by Russia in Ukraine said that a Ukrainian missile strike punched a hole in the roof of a…
China’s Top Airlines Post Steep Q2 Losses On COVID Curbs
China’s three biggest airlines posted a combined 28.4 billion yuan ($4.12 billion) second-quarter loss. Wider than in the first quarter,…
Fintech Firm, Wise Fined $360,000 By Abu Dhabi Regulator.
The regulator of Abu Dhabi’s free zone financial centre said it had fined the local subsidiary of fintech firm Wise…
Nigerian Economy Shrinks By N63bn, 28 Sectors Struggle.
Twenty-eight sectors of the economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk by N63.49bn…
Nigeria’s Electricity Sector Dips By 11.5% In Q2 2022 Following Multiple Grid Collapses.
The latest GDP report for the second quarter of 2022 released by the National Bureau of Statistics (NBS); showed that…
Nikola To Raise Up To $400 Mln In Stock Sale.
Nikola Corp (NKLA. O) said it may sell shares to raise up to $400 million, as the electric truck maker looks to…
CBN Recorded $2.4bn Diaspora Remittances In 2022.
The Central Bank of Nigeria (CBN) says the country has recorded $2.4 billion in diaspora remittances through its ‘Naira 4…
According To The NNPC Chief, Churches And Mosques Are Housing Stolen Nigerian Petrol.
Every section of Nigerian society is complicit in the theft of millions of barrels, the head of state oil company…
HSBC Hires Justin Wu As Asia-Pacific Co-Head Of Climate Change.
HSBC (HSBA. L) has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation…
Forex Supply Falls Further To $54 Million As Exchange Rate Remains Stable.
Monday, 29th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the Investors and…
Seplat Energy Shareholders Lose N71 Billion.
Investors of Seplat Energy Plc recorded a loss of about N70.56 billion from trading in the shares of the company.…