Billionaire Investor, Ken Langone, Highlights Three Things All Businesses Need In Order To Grow.
Billionaire investor and philanthropist, Ken Langone has pointed out three core business principles that worked for him during his career.…
Year: 2022
Stock Investors Lose N6bn as MPC Hikes Rate To 14%
The decision of the Monetary Policy Committee (MPC) to raise the Monetary Policy Rate (MPR) to 14% from 13% had…
Three Arrows Capital Owes 27 Crypto Companies $3.5 Billion.
Crypto hedge fund, Three Arrows Capital, popularly known as 3AC, according to court documents, owed 27 crypto companies $3.5 billion.…
Official Exchange Rate Appreciates As Forex Supply Surges By 301% To $389 Million.
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors. Naira appreciated significantly against…
Higher Crude Oil Prices Boost Nigeria’s Oil And Gas Stocks
The Oil and Gas Index which emerged as the best performing index has gained 64.42% year-to-date. The Nigerian Stock Market…
Crypto Market Reclaims Trillion Dollar Status With Altcoins Leading The Charge.
Despite the increase in the U.S. inflation rate to 9.10%, a multi-year high; the cryptocurrency market capitalization has reclaimed its…
CBN’s RT 200 generates $600 million in 6 months
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded in Nigeria’s external…
Water Resources Bill: FG Says It Will Push On Despite Backlash From Nigerians.
The Federal Ministry of Water Resources has state that it will not be deter by backlash on the propose Water…
COVID Cases Triple Across Europe As Hospitalizations Double
According to WHO, coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half of all…
Flutterwave Unveils Graduate-Trainee Program To Create Jobs For Young Nigerians
Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave Graduate Trainee Programme. This programme aims…
South Korea Unbothered About Capital Outflows, Finance Minister Says
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the Asian financial system…
Crypto Custodian BitGo Cleared To Operate In Italy
Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto companies. According to documents from Italian…
Another Twitter Hack Hits the NFT Community
Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the twitter accounts of NFT…
Chinese Banks Hold Lending Rates as PBOC Remains Cautious
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which is…
Nigeria To Pursue $3.5 Billion Civil Claim Against Eni And Shell
Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings…
IMF Executive Board Approves a 40-month, US$1,046.4 million ECF Arrangement for Tanzania
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans to disburse $151.7 million immediately.…
Power Supply To Drop Again, TCN Alerts Nigerians
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of planned…
Firms Raise N246b From Corporate Bonds In H1
The dormant primary equities segment of the Nigerian capital market has prompted listed companies; to rely on the bond market…
Palm Oil Set To Plunge 20% By September, Top Analyst Predict
The world’s most consumed cooking oil Palm oil may extend its slide, tumbling more than 20% to 3,000 ringgit $673…
Stakeholders Express Cautious Optimism As NNPC Transits
Stakeholders have expressed cautious optimism as the Nigerian National Petroleum Company Limited (NNPC) transits today; insisting that most of the…
FG To Pay Fee For NNPCL Petrol Import As Buhari Unveils Firm Today
President Muhammadu Buhari will unveil the new Nigerian National Petroleum Company Limited (NNPCL); today just as the company will now…
Heatwave: Ferocious European heat heads north
In France and the UK, extreme heat warnings were issued while northern Spain recorded temperatures of 43C (109F) on Monday.…
Aero Contractors To Shut Down Operations From Tomorrow
Aero Contractors has said it is shutting down its operations; due to the impact of Nigeria’s harsh business environment on its…
H&M To Sell Off Stock Before Leaving Russia
The world’s second-biggest clothing retailer H&M has said it is leaving Russia. But temporarily, its shops will be reopened there…
African countries and their inflation rates in 2022.
The world is currently battling with high inflation rate and Africa is not exempted from this experience; with countries on…
Marketers Finally Hike Petrol Price To N170-N190/Litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the…
Traders, Buyers Groan As Food Inflation Hits 20.60%
Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food inflation figures…
Asset Manager GAM Warns On Profit Citing Market Turbulence.
GAM Holding (GAMH.S) expects to post a loss for the first half of 2022, the Swiss asset manager said; citing…
Japan Buys Most Expensive Gas Shipment as Energy Crunch Bites
Japan is expected to be the world’s top LNG importer this year, as it has purchased the most expensive ever…
Dutch Central Bank Fines Binance 3.3 Million Euros.
The Dutch central bank (DNB) said it had fined Binance, one of the biggest cryptocurrency exchanges; 3.3 million euros ($3.35…