Nigerian President Withholds Approval Of Exxon Mobil’s Asset Sale.
Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s (XOM. N) sale of local offshore shallow water assets to…
Year: 2022
TORN’s Price Dips By 45% In Two Days After United State’s Ban On Tornado Cash.
It looks like the gloves are off as TORN, the native token of crypto privacy platform, Tornado Cash; is down…
Flutterwave Hires 200, Grows Workforce By 38%.
Flutterwave has said it has completed the recruitment process for its inaugural graduate trainee programme; and grown its staff base…
General Atlantic Hires Durham For Tech Buyouts.
Private equity firm General Atlantic has hired veteran technology dealmaker Jonathan Durham to expand in corporate buyouts; an area in…
Most Gulf Bourses Rise, Abu Dhabi At Record.
Major stock markets in the Gulf rose in early trade on Thursday after softer-than-expected U.S. inflation data encouraged bets of…
Binance Says It Is Winning Crypto Clients Thanks To Inflation.
Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation; and a historically strong…
Factbox: Is Global Inflation Nearing A Peak?
Calling the top of the current wave of inflation has been a painful exercise for economists; and central bankers, who…
Asian Currency Bears Retreat As Inflation View Improves.
Bearish bets on emerging Asian currencies eased on hopes that monetary tightening will cool red-hot inflation; with short bets on…
China’s July Auto Sales Extend Recovery, Jump 30% As COVID Curbs Ease.
China’s auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began…
FTSE 100 Stalls As Rio Tinto, Healthcare Stocks Weigh.
Britain’s top share index was flat, weighed down by Rio Tinto and healthcare stocks, while the midcap index hit a…
Analysis: Softer Inflation ‘Huge Relief’ For Battered Investors In U.S. Stocks And Bonds.
Softer than expected U.S. inflation data buoyed investors’ faith that twin rebounds in stocks and bonds will persist in a…
U.S Gasoline Prices Fall Below $4 For First Time Since March.
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months,…
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…
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…
How Inflation Worsens Plight Of Nigerian Workers.
Workers have continued to groan under the adverse effect of inflation on their income. Economists define inflation as the rise…
Nigeria, Three Others Top World Bank Debtors’ List.
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal…
Crypto-Mixing Service, Tornado Cash, Blacklisted In The United States
The United States Treasury Department has announced today that it has banned American citizens from using Tornado Cash. A famous…