Year: 2022

Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million. To…

World stocks fell and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about surging inflation.…

Indian conglomerate Reliance Industries (RELI.NS) is considering buying out Revlon Inc (REV.N) in the United States, days after the cosmetics…

The Bank of Japan maintained ultra-low interest rates and its guidance to keep borrowing costs at “present or lower” levels.…

Toymaker Lego said it will invest more than $1 billion in a factory in the United States. To shorten supply…

World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the…

The World Trade Organization’s164 members approved a series of trade agreements. That included commitments on fish and pledges on health…

A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board. Accusing them of…

As consumers struggle with inflation and return to pre-pandemic behavior, British online fashion retailers ASOS (ASOS.L) and Boohoo (BOOH.L) issued…

Compressing Britain’s two company listing segments to attract more tech firms could put an existing “gamechanger” at risk. Britain wants…

Cryptocurrency exchange Binance’s Chief Executive Officer, Changpeng Zhao, said that volumes on the exchange so far in 2022 were similar…

OPEC+ produced 2.695 million barrels per day below its crude oil targets in May. Because of production problems at several…

Nigeria must increase its productivity and change consumption patterns to shore up the value of naira. The Central Bank of…

World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and…

Subscriptions for internet across mobile, fixed, and VoIP networks in the country increased to 148 million in April this year.…

The U.S. Federal Reserve raised its target interest rate by three-quarters of a percentage point to combat a disruptive rise…

In its resolve to help smallholder farmers mitigate loss of harvests due to poor weather conditions, pests and diseases. Rufus…

An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000). Saying its refusal to remove a…

UAC of Nigeria PLC has announced the successful completion of its N18.7 billion Series 1 and 2 Commercial Paper issuance.…

The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity. Indemnity from customers for highly…

The Electronic Dividend Mandate Management System (E-DMMS) will be fully in use by the end of the third quarter (Q3)…

Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46% from N136.85bn. Within the first four months of…

Nigeria yearly imports roughly 2.4 million metric tonnes of frozen fish.Which is putting a strain on its foreign exchange reserves.…

The Shell Petroleum Development Company (SPDC) has asked the Federal High Court in Yenagoa to stay. Proceeding in the N700…

Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share…

Fitch Ratings said it has decided to withdraw its rating on embattled property developer China Evergrande Group (3333.HK) and two…

Sterling Bank Plc has launched a new and innovative digital product, known as the Imperium Platform. To connect consumers and…

In anticipation of a report on private payrolls, U.S. stock index futures increased as the price of oil declined. Brent…

The exchange rate between the naira and the US dollar closed at N421.25/$1 at the Investors and Exporters (I&E) window.Naira…

Russian aluminium producer Rusal (RUAL.MM) has sued the global miner Rio Tinto (RIO.AX), seeking to win back access to its…