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Year: 2022

Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best Corporate Governance Bank At World Finance 2022 Awards.
BankingLocal

Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best Corporate Governance Bank At World Finance 2022 Awards.

Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022; retaining the…

byakintundeJuly 5, 2022February 8, 2023
FIRS Extends Deadline For Filing Of 2022 Companies Income Tax Returns To 31st August 2022- Nigeria.
Local

FIRS Extends Deadline For Filing Of 2022 Companies Income Tax Returns To 31st August 2022- Nigeria.

The Federal Inland Revenue Service has extended the deadline for filing Companies Income Tax Returns for the 2022 Year of…

byakintundeJuly 5, 2022July 5, 2022
Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.
LocalTechnology

Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.

Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican…

byakintundeJuly 5, 2022February 8, 2023
Interpol Arrests South African Steynberg For Biggest Bitcoin Fraud
Crypto

Interpol Arrests South African Steynberg For Biggest Bitcoin Fraud

The U.S. Commodity Futures Trading Commission (CFTC) said it had filed civil charges against South African Cornelius Johannes Steynberg and…

byakintundeJuly 5, 2022February 8, 2023
Asia Shares Squeeze Higher, Take Brief Respite From Growth Fears
Asia

Asia Shares Squeeze Higher, Take Brief Respite From Growth Fears

Asian shares eked out their best day in a week on Tuesday as positive economic data and hints of easing…

byakintundeJuly 5, 2022February 8, 2023
Canadian Inflation Expectations Bolster Case For Supersize Rate Hike
World

Canadian Inflation Expectations Bolster Case For Supersize Rate Hike

Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over the long-term. A Bank…

byakintundeJuly 5, 2022February 8, 2023
MTN, Airtel Win Big As 3,246 Subscribers Ported In May 2022
Business

MTN, Airtel Win Big As 3,246 Subscribers Ported In May 2022

Data from the Nigerian Communications Commission (NCC) has revealed that a total of 3,246 subscribers. Who ported from one network…

byakintundeJuly 5, 2022February 8, 2023
Naira Falls Across FX Markets As Dollar Supply Dips Significantly
Local

Naira Falls Across FX Markets As Dollar Supply Dips Significantly

Monday, 4th July 2022: The exchange rate between the naira and the US dollar closed at N425.75/$. This is at…

byakintundeJuly 5, 2022July 5, 2022
Celsius Has Paid $143 Million In Debt Since The Start Of Q3
Business

Celsius Has Paid $143 Million In Debt Since The Start Of Q3

Crypto lending platform, Celsius, has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the start…

byakintundeJuly 5, 2022February 8, 2023
TrustBanc Raises N5.85bn From Series 7 And 8 Commercial Papers; Issue Achieves 117% Subscription
Finance

TrustBanc Raises N5.85bn From Series 7 And 8 Commercial Papers; Issue Achieves 117% Subscription

TrustBanc Holdings Limited (TrustBanc), the parent company of three regulated financial services companies. They have successfully closed its series 7…

byakintundeJuly 5, 2022February 8, 2023
Emerging Asian Equities Post Biggest Foreign Outflows Since March 2020
Asia

Emerging Asian Equities Post Biggest Foreign Outflows Since March 2020

Emerging Asian equities ex-China recorded massive outflows in June. This is as risk assets took a hit due to heightened…

byakintundeJuly 5, 2022February 8, 2023
Bank Assets Rise By 21% To N64.32Tn – CBN
Banking

Bank Assets Rise By 21% To N64.32Tn – CBN

Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained…

byakintundeJuly 4, 2022February 8, 2023
Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses
Business

Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses

Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the…

byakintundeJuly 4, 2022February 8, 2023
Japan’s KDDI Shares Slide Nearly 4% After Giant Mobile Network Outage.
World

Japan’s KDDI Shares Slide Nearly 4% After Giant Mobile Network Outage.

KDDI Corp shares fell as much as 3.9%, the biggest system failure in the history of Japan’s No.2 wireless carrier.…

byakintundeJuly 4, 2022February 8, 2023
Chinese Property Developer Shimao Misses Repayment On $1 Billion Bond
Asia

Chinese Property Developer Shimao Misses Repayment On $1 Billion Bond

Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion offshore bond due…

byakintundeJuly 4, 2022February 8, 2023
Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At Stations- Nigeria.
Local

Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At Stations- Nigeria.

The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity if; the FG does not…

byakintundeJuly 4, 2022July 4, 2022
Brazil’s Fertilizer Imports Jump As Farmers Prepare To Plant New Crop
World

Brazil’s Fertilizer Imports Jump As Farmers Prepare To Plant New Crop

Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data released on Friday. However,…

byakintundeJuly 4, 2022February 8, 2023
CAF To Launch $200 Million African Super League In August 2023.
Africa

CAF To Launch $200 Million African Super League In August 2023.

The Confederation of African Football (CAF) has divulge that the long-promise African Super League which FIFA. They say a $200…

byakintundeJuly 4, 2022February 8, 2023
Exxon Signals Operating Profits Could Double Over The First Quarter
Business

Exxon Signals Operating Profits Could Double Over The First Quarter

Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel. So as, crude sales could generate a record quarterly…

byakintundeJuly 4, 2022February 8, 2023
Despite Market Sell-off, These Crypto’s Have Positive YTD Return
Crypto

Despite Market Sell-off, These Crypto’s Have Positive YTD Return

It’s not news that the cryptocurrency market is having a very tough year. This is with the market capitalization losing…

byakintundeJuly 4, 2022February 8, 2023
KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.
Local

KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.

KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant; has signed…

byakintundeJuly 4, 2022July 4, 2022
Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom
Local

Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom

No fewer than 2,084 retirees cannot be on monthly pension payments. And have left the Contributory Pension Scheme in the…

byakintundeJuly 4, 2022July 4, 2022
Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%.
CryptoStock

Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%.

The Nigerian equities market closed bullish during the week as the All-Share index gained; 0.24% in the week ended 2nd…

byakintundeJuly 4, 2022February 8, 2023
Nigerian adults with bank accounts hit 45% — World Bank
BankingLocal

Nigerian adults with bank accounts hit 45% — World Bank

The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance institution, post office, or…

byakintundeJuly 4, 2022February 8, 2023
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
BusinessLocal

Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022

Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…

byakintundeJuly 4, 2022February 8, 2023
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
BusinessLocal

Lekki Gardens Signs N25bn Commercial Paper-Nigeria.

Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security Exchange Limited.…

byakintundeJuly 4, 2022February 8, 2023
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In June 2022
BusinessLocal

Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In June 2022

Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…

byakintundeJuly 4, 2022February 8, 2023
Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.
Local

Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.

Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state. The Commissioner for Establishments, Training…

byakintundeJuly 4, 2022July 4, 2022
Heirs Underwriters Backs Africans With $30,000 Grant
Africa

Heirs Underwriters Backs Africans With $30,000 Grant

Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group. Heirs Holdings, have said they will…

byakintundeJuly 4, 2022February 8, 2023
Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF
Local

Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF

The Nigeria Solidarity Support Fund says Nigeria’s healthcare system is in crisis as it currently receives only 50% of its…

byakintundeJuly 4, 2022July 4, 2022

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