Porsche To Pay $80 Mln To Resolve Fuel Economy Claims On U.S. Vehicles
Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80…
Yearly Archives
2022
Shares And Bonds Hit After Swiss And UK Rate Hikes.
World stocks fell and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about…
India’s Reliance considers buying out Revlon in U.S. – ET Now
Indian conglomerate Reliance Industries (RELI.NS) is considering buying out Revlon Inc (REV.N) in the United…
BOJ Maintains Ultra-Low Rates, Warns It Is Closely Watching Yen Moves
The Bank of Japan maintained ultra-low interest rates and its guidance to keep borrowing costs at "present or…
Lego To Invest Over $1 Billion In U.S. Brick Plant.
Toymaker Lego said it will invest more than $1 billion in a factory in the United States. To shorten supply chains…
Week Of Rate Hikes Has Stocks On Course For Steepest Slide Since 2020.
World stocks headed for their worst week since markets' pandemic meltdown in March 2020, as interest rate hikes in…
WTO Strikes Global Trade Deals Deep Into Overtime.
The World Trade Organization's164 members approved a series of trade agreements. That included commitments on fish…
Tesla Investor Sues Musk, Board Over Accusation Of Workplace Discrimination.
A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board. Accusing…
Online Fashion Retailers ASOS, Boohoo Weighed Down By Returns.
As consumers struggle with inflation and return to pre-pandemic behavior, British online fashion retailers ASOS…
London Stock Exchange Pours Cold Water On Merging Listing Segments.
Compressing Britain's two company listing segments to attract more tech firms could put an existing "gamechanger"…
Cryptocurrency Exchange Binance: 2022 Volumes So Far Similar To 2021’s $34…
Cryptocurrency exchange Binance's Chief Executive Officer, Changpeng Zhao, said that volumes on the exchange so…
OPEC+ Crude Oil Output Boost Undershoots Targets In May
OPEC+ produced 2.695 million barrels per day below its crude oil targets in May. Because of production problems at…
Nigeria Must Increase Productivity To Improve Naira Value — Experts
Nigeria must increase its productivity and change consumption patterns to shore up the value of naira.The Central…
Rising Inflation, Others Threaten Buhari’s Poverty Reduction Scheme –World Bank…
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population…
Nigeria’s Internet Subscription Hits 148 Million In April 2022.
Subscriptions for internet across mobile, fixed, and VoIP networks in the country increased to 148 million in…
US Federal Reserve Hikes Benchmark Interest Rate By 0.75 Percentage Point.
The U.S. Federal Reserve raised its target interest rate by three-quarters of a percentage point to combat a…
Heifer International Compensates 3000 Farmers With N100m Insurance.
In its resolve to help smallholder farmers mitigate loss of harvests due to poor weather conditions, pests and…
Google Ordered To Pay Australian Politician Over Defamatory YouTube Videos.
An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000). Saying its refusal to…
UAC Completes Maiden N18.7 Billion Commercial Paper Issuance.
UAC of Nigeria PLC has announced the successful completion of its N18.7 billion Series 1 and 2 Commercial Paper…
Bank Customers To Produce Indemnity For Online Transfers Above N1m – CBN
The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity. Indemnity from…
E-Dividend Portal To Be Automated By Q3 2022 –SEC
The Electronic Dividend Mandate Management System (E-DMMS) will be fully in use by the end of the third quarter…
Mobile Transactions Hit N4.86tn In Four Months – NIBSS
Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46% from N136.85bn. Within the first…
2.4 Million Metric Tonnes ish imports depleting Nigeria’s forex –FG
Nigeria yearly imports roughly 2.4 million metric tonnes of frozen fish.Which is putting a strain on its foreign…
Shell Ask Court To Hands Off N700 Billion Oil Spill Suit Pending Determination Of…
The Shell Petroleum Development Company (SPDC) has asked the Federal High Court in Yenagoa to stay. Proceeding in…
Stock Market Investors Gain N158bn- Nigeria.
Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price…
Fitch Withdraws Ratings On Debt-Laden China Evergrande, Subsidiaries.
Fitch Ratings said it has decided to withdraw its rating on embattled property developer China Evergrande Group…
Bank Launches Platform For Solar Energy Consumers- Nigeria.
Sterling Bank Plc has launched a new and innovative digital product, known as the Imperium Platform. To connect…
Futures Climb On Lower Oil Prices; Private Jobs Report In Focus.
In anticipation of a report on private payrolls, U.S. stock index futures increased as the price of oil…
Naira Falls To N609/$1 At P2P Market, Lowest On Record
The exchange rate between the naira and the US dollar closed at N421.25/$1 at the Investors and Exporters…
Russia’s Rusal Files Suit Against Rio Tinto Over Alumina Refinery-Documents
Russian aluminium producer Rusal (RUAL.MM) has sued the global miner Rio Tinto (RIO.AX), seeking to win back…