Nigeria’s Securities And Exchange Commission, AfDB Sign $460K Capital Market Surveillance Deal
The African Development Bank (AfDB) Group and the Securities and Exchange Commission (SEC); have announced the signing of a $460,000…
Year: 2022
The Most Expensive Champagne, Chateau Avenue Foch 2017, Just Sold For $2.5 Million
A limited edition 1 of 1 champagne sold by NFT ‘Magnum 2.5’ has just become the world’s most expensive champagne.…
Mini Revival In The Crypto Market Keeps Ethereum Above $1.5K.
Growing investors’ optimism about the global economy, central bank monetary tightening. And the Ethereum Merge later this summer caused Bitcoin…
DMO Raises N124 Billion In July FGN Bond Auction As Investors Oversubscribe Long-Term Instrument.
The Debt Management Office (DMO) has announced that it raised the total sum of N123.84 billion; in its Federal Government…
Airtel Shareholders Earn N3.6 Trillion Year-To-Date On Positive Sentiment
Positive sentiment witnessed on shares of Airtel Africa Plc since the beginning of the year;has resulted in investors of the…
Average Annual UK Food Bill Set To Rise 454 Pounds As Inflation Soars.
UK grocery inflation hit 9.9% in the four weeks to July 10, adding 454 pounds ($543.7) to Britons’ annual bills…
German Consumer Group Files Lawsuit Against Tesla Over Privacy Concerns, CO2 Ads.
Germany’s largest consumer protection group vzbv has filed a lawsuit against Tesla (TSLA.O) in a Berlin court; over alleged misleading…
Crypto Lender Celsius Defends Bitcoin Mining Plans As Bankruptcy Kicks Off.
Cryptocurrency lender Celsius Network said bitcoin mining is key to the company’s restructuring efforts. New Jersey-based Celsius received approval from…
Bank Of America Puts Aside $200 Million For Probe Into Bankers’ Use Of Personal Devices.
Bank of America (BAC.N) has set aside around $200 million for a regulatory matter connected to the unauthorized use of…
U.S. Banks Take Hit On Leveraged Loans As Deals Slump, Rates Rise
U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook for dealmaking turns sour amid…
Lawsuit Accuses Apple Of Antitrust Violations Over Apple Pay.
Apple Inc (AAPL.O) was sued in a proposed class action by payment card issuers accusing the iPhone maker; of abusing…
US Stock Futures Gain As Earnings Season Moves Past Banks
U.S. stock futures edged higher as investors looked past quarterly results from financial companies to earnings reports from other sectors…
Investment Bank United Capital Reports 41% Profit Surge As Half-Year Revenue Hits N9.1 billion
Revenue for United Capital rose to N9.1 billion after a jump in earnings from fees & commission and other income…
Russian Court Fines Google $360 Million Over Failure To Remove Ukraine War Content
A Moscow court has fined Google $360 Million for failing to remove content concerning Russia’s military intervention in Ukraine. Russia’s state…
EU Gets Into Deal With Azerbaijan To Double Gas Exports By 2027
The European Commission signed a deal with Azerbaijan on Monday to double imports of natural gas by 2027. The announcement…
Binance Fined $3.4 Million In The Netherlands For Lack Of Registration
The Dutch central bank fined Binance for offering services without proper registration, underscoring the company’s friction with regulators. The penalty…
Flutterwave Shuts Down Virtual Dollar Card Service
Fintech Flutterwave has announced plans to shut down its virtual dollar card service, known as ‘Bartercard’ effective from July 17th.…
More Worries Over Rising Inflation, Headwinds As MPC Meets Today
In the face of economic and financial challenges, members of the rate-fixing arm of the Central Bank of Nigeria and…
Implementation Of The National Development Plan Will Drive Economic Growth – Dayo Obisan
Focusing on the step-by-step implementation of Nigeria’s national development is one of the keys to achieving economic growth in Nigeria.…
High Buying Pressure On Ethereum Hits Above $1,300 On Upcoming
The expectation of the Ethereum network’s forthcoming switch to proof-of-stake is the reason for the altcoin’s greater price resiliency. The…
Airtel Pushes SWOOTs Capitalization Up By N316.86 Billion
The combined market capitalization of stocks worth over one trillion (SWOOTs); appreciated by 1.58% to close at N20.74 trillion from…
UN: World Population To Reach 8 Billion By November
The United Nations (UN) has projected that the global population is expected to reach 8 billion on November 15 even…
Two Nigerian Fintech Executives Convicted For Breaching US Anti-Money Laundering Rules
Two fintech executives and a manager at a US-based money transfer company have been sentenced to a combined 8 years…
Why Currency Trading Involves Major Risks
The largest trading market in the financial sector is unquestionably currency trading. It has a daily traded volume of over $6…
FUGAZ Investors Gain N17 Billion Combined During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ; appreciated by 0.77% to…
Unilever Reports N1.906 Billion PAT In HY 2022 Amidst Cost Pressure
Unilever Nigeria Plc has released its unaudited financial statement for the half year ended 30 June 2022. According to the…
Nigeria Is Taxing Poverty – Taiwo Oyedele
Taiwo Oyedele, a Fiscal Policy Partner and Africa Tax Leader at PwC, chided the government for taxing poverty in Nigeria.…
Ukraine Central Bank Has Sold Over $12 Billion Of Its gold Reserves During The War, Its Deputy Head Says
Ukraine’s central bank has sold $12.4 billion of gold reserves since the beginning of Russia’s invasion on Feb. 24, the…
Dollar Prowls Just Below Highs As Euro Gasps For Gas
The dollar began the week nudging down from multi-year highs; with hotter-than-forecast inflation reading in New Zealand lending modest support…
Generali Appoints Veteran Banker To Fill Board Vacancy
Italian insurer Assicurazioni Generali (GASI.MI) has named veteran banker Stefano Marsaglia to fill a vacancy on its board left by…