Elon Musk: Aims To Have Self-Driving Teslas Ready By Year-End In The U.S.
Tesla (TSLA.O) founder Elon Musk said he aimed to get self-driving Teslas ready by year-end; and hopes they could be in wide…
Month: August 2022
Gas Prices To Fall Soon As Germany Hits Storage Targets.
German Economy Minister Robert Habeck expects gas prices to fall soon as Germany is making progress on its storage targets;…
Bitcoin Dips Below $20,000.
Bitcoin dipped below $20,000, continuing a drop that has taken it down nearly 60% from its year high. Bitcoin ,…
Ericsson To Wind Down Business Activities In Russia
Ericsson (ERICb. ST) said it will gradually wind down business activities in Russia; as the Swedish telecoms equipment maker completes its obligations…
Firms Buy Sh9.5bn Safaricom Stake.
Local institutional investors have acquired shares worth Sh9.5 billion in Safaricom following the exit of domestic shareholders and foreigners; reversing…
Russia Says It Shot Down Ukrainian Drone.
Russia’s defence ministry said Russian forces shot down a Ukrainian drone; which was trying to attack the Zaporizhzhia nuclear plant,…
Finnair Partners With Qatar Airways In Search Of New Routes.
Finnair (FIA1S. HE) will establish a strategic partnership with Qatar Airways; to open up new routes from Nordic capitals to the Qatari…
Nigeria’s N20.4 trillion Imports In 2021 Not Enough To Lift Economy – Economists.
Despite the hues and cries about Nigeria being an import-dependent economy over the years, and importing goods worth over N20…
Dollar Scarcity: Manufacturer’s Panic.
Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements. Therefore, creating the illusion of economic growth…
The World Still Needs Oil And Gas – Elon Musk.
The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop sustainable…
Nigerians Drink Beer Worth N599.11 Billion In 6 Months.
Nigerians drink beer worth N599.11 billion in six months running from January t0 June 2022, according to the first quarter…
Bitcoin Drops To Lowest Level, Crypto Market Loses $70 Billion.
As a result of Federal Reserve Chair, Jerome Powell’s comments that the U.S. central bank may continue hiking interest rate;…
SWOOTs Capitalization Up By N254 Billion.
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 1.30% to close at N19.75 trillion from…
NFT Market Fails To Hit $1 Billion In Trades For The First Time Since June 2021.
The NFT market in the last 4 months, has been on a bearish trend as many have suggested that the…
Trapped Fund: Respite As CBN Releases $265m To Foreign Airlines.
In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN), released…
Flight suspension: British Airways Says Its Operations Would Continue As Scheduled.
British Airways has restated its commitment to fully serve the Nigerian market. Recall that Nairametrics had earlier reportedthat the airline was…
British Household Energy Bills To Jump 80% To Over $4,000 A Year.
British energy bills will jump 80% to an average of 3,549 pounds ($4,188) a year from October; plunging millions of…
Nigerias GDP Increases By 3.11% In Q1 of 2022, Says NBS.
The National Bureau of Statistics says Nigeria’s Gross Domestic Product grew by 3.54%. This growth is in the second quarter…
Bank Loan Defaults Cross Half A Trillion For The First Time.
Bank loan defaults have crossed the half a trillion shilling mark for the first time; setting up thousands of borrowers…
Britain To Support Rebuilding Of Ukrainian Transport Network.
Britain will share technical expertise with Ukraine as part of a new package of support to help the country rebuild…
FAAC: Nigeria FG, States, LGs Share N954bn
The Federation Account Allocation Committee, on Wednesday, said it shared N954.09n to the three tiers of government; as allocation for…
Bitcoin Depot To List In The U.S. Through $885mln SPAC Deal.
Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora Acquisition…
Brent Crude Trades Above $100 On Potential OPEC+ Supply Cuts.
The price of the black liquid is bullish today as a result of mounting supply tightness concerns amid disruptions to…
Saudi Arabia To Invest $1 Billion In Pakistan.
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported. Saudi King Salman bin Abdulaziz had given…
Why China Locked Kenya Out Of New Debt Relief Deal.
The elevation of Kenya to the middle-income status saw China lock the country out of a new list of African…
PetroChina H1 Profit Jumps 55% On High Oil Prices.
PetroChina (601857. SS) reported a 55% jump in profit during the first half of 2022, boosted by an increase of its oil…
South Africa’s Inflation Rate Hits 7.8%, Highest In 13 Years .
South Africa’s annual consumer inflation reached its highest level in 13 years, increasing to 7.8% in July from 7.4% in…
British Pubs, Farms Raise Alarm Over Latest CO2 Production Halt.
Britain’s drinks and food industry raised the alarm over the availability of carbon dioxide; after soaring energy prices forced a…
Forex Inflows Drop 17% To $6.6bn.
Aggregate foreign exchange inflows into the economy fell by 17.3 per cent to $6.58bn in April. The Central Bank of…
China Protect Chinese Firms Following U.S. Export Control List.
China’s commerce ministry said it will take the measures needed to protect the legitimate rights of Chinese companies after the…