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Year: 2022

South Africans To Sell Its Equity In Southern Sun Ikoyi Hotels To Kasada Group For $30.4 Million- Nigeria
Local

South Africans To Sell Its Equity In Southern Sun Ikoyi Hotels To Kasada Group For $30.4 Million- Nigeria

South Africa’s Southern Sun Africa (SSA) is disposing of its 75.55%. Majority shareholding in Southern Sun Ikoyi Hotels, one of…

byakintundeJune 6, 2022June 6, 2022
Abbey Mortgage Bank Grows Profit Before Tax By 116% -Nigeria
Local

Abbey Mortgage Bank Grows Profit Before Tax By 116% -Nigeria

Primary mortgage institution, Abbey Mortgage Bank Plc, has said its financial results for the year ended December 31, 2021. Shows…

byakintundeJune 6, 2022June 6, 2022
Firm Plans Fresh Investment In Oil Sector- Solewant Nigeria
Local

Firm Plans Fresh Investment In Oil Sector- Solewant Nigeria

The Managing Director, Solomon Ewanehi, in a statement said, “Solewant is now entering the next phase of its extensive development.…

byakintundeJune 6, 2022June 6, 2022
Nigerian Government Committed To Massive Investment In Irrigation – Minister
Local

Nigerian Government Committed To Massive Investment In Irrigation – Minister

The Federal Government has expressed its determination to massively invest in irrigation in order to diversify the nation’s economy. The…

byakintundeJune 6, 2022June 6, 2022
Real Estate Firm Calls For Global Decarbonization Shift
Local

Real Estate Firm Calls For Global Decarbonization Shift

Address Homes said property firms should embrace global shifts towards carbon emission reduction. The firm made the call during the…

byakintundeJune 6, 2022June 6, 2022
Moderna Delays COVID Vaccine Deliveries To EU By Several Months
Local

Moderna Delays COVID Vaccine Deliveries To EU By Several Months

Moderna Inc said on Thursday it has agreed to push back some COVID-19 vaccine deliveries to the European Union by…

byakintundeJune 2, 2022June 16, 2022
VFD Group to pay shareholders N10.79 dividend
Local

VFD Group to pay shareholders N10.79 dividend

VFD Group Plc, a proprietary investment company, has said it will pay its shareholders N10.79 per share with a bonus…

byakintundeJune 1, 2022June 1, 2022
Oil Prices Nudge Higher On EU’s Russian Oil Ban, End Of Shanghai Lockdown
Local

Oil Prices Nudge Higher On EU’s Russian Oil Ban, End Of Shanghai Lockdown

Oil prices inched higher on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil…

byakintundeJune 1, 2022June 3, 2022
Lagos int’l airport runway lights collapse, pilots warn FAAN
Local

Lagos int’l airport runway lights collapse, pilots warn FAAN

The approach lights on the runway of the Murtala Muhammed International Airport, Lagos, have gone off . These pilots depend…

byakintundeJune 1, 2022June 1, 2022
Startup Index: Nigeria Ranks 61st Globally, 2nd In Africa
Local

Startup Index: Nigeria Ranks 61st Globally, 2nd In Africa

The Nigerian startup ecosystem has been ranked 61st globally. And second in Africa on the Global Startup Ecosystem Index by…

byakintundeJune 1, 2022June 1, 2022
Britain’s Frasers Buys Missguided For $25Million
Local

Britain’s Frasers Buys Missguided For $25Million

British sportswear and fashion group Frasers (FRAS.L) has acquired online women’s fashion retailer Missguided out of administration, it said on Wednesday. The…

byakintundeJune 1, 2022June 1, 2022
Mapmaker TomTom To Cut 10% Of Jobs Due To Improved Automation
Local

Mapmaker TomTom To Cut 10% Of Jobs Due To Improved Automation

TomTom (TOM2.AS) will shed around a tenth of its global workforce, the Dutch navigation and digital mapping company said on…

byakintundeJune 1, 2022June 1, 2022
MTN Nigeria Appoints Mroue As Non-Executive Director
Local

MTN Nigeria Appoints Mroue As Non-Executive Director

MTN board has approved the appointment of Mazen Mroue as a non-executive director of the company effective June 1, 2022.…

byakintundeJune 1, 2022June 1, 2022
Power Sometimes Gulps 40% Of Our Production Costs – Manufacturers In Nigeria
Local

Power Sometimes Gulps 40% Of Our Production Costs – Manufacturers In Nigeria

The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable power supply is adversely affecting…

byakintundeJune 1, 2022June 1, 2022
Britons Step Up Supermarket Visits In Search For Value – London
Local

Britons Step Up Supermarket Visits In Search For Value – London

Britons’ visits to supermarket stores rose 7% year-on-year in the four weeks to May 21. As they shopped around for…

byakintundeMay 31, 2022May 31, 2022
Italy’s CDP May Hold 70-77% Of Combined Broadband Network Under MoU – Paper
Local

Italy’s CDP May Hold 70-77% Of Combined Broadband Network Under MoU – Paper

The plan aims to combine TIM’s fixed network with that of CDP-controlled broadband rival Open Fiber as CEO Pietro Labriola…

byakintundeMay 31, 2022May 31, 2022
Taraba, Kogi, Kebbi States Record Highest Airfares In April 2022
Local

Taraba, Kogi, Kebbi States Record Highest Airfares In April 2022

Taraba, Kogi and Kebbi States recorded the highest air transport charges for specified routes single journey in April 2022. This…

byakintundeMay 31, 2022May 31, 2022
FCMB Provides Auto Loans For Vehicle Buyers
Local

FCMB Provides Auto Loans For Vehicle Buyers

FIRST CITY Monument Bank has said it now offers auto loans of up to N30m at a reduced interest rate…

byakintundeMay 31, 2022May 31, 2022
Japan May Consumer Confidence Improves For 2nd Month
Local

Japan May Consumer Confidence Improves For 2nd Month

Japan’s consumer confidence index rose in May for a second straight month, the government said on Tuesday, as households enjoyed…

byakintundeMay 31, 2022May 31, 2022
Britain’s GSK To Buy Affinivax For Up To $3.3Bln In Vaccines Push
Local

Britain’s GSK To Buy Affinivax For Up To $3.3Bln In Vaccines Push

GSK (GSK.L) said on Tuesday it would pay up to $3.3 billion to acquire privately held biopharmaceutical firm Affinivax to…

byakintundeMay 31, 2022May 31, 2022
Bitcoin On Its Way To $32,000 As On-Chain Data Suggests Net Accumulation
BankingBusinessCryptoFinanceInvestinginvestmentLocal

Bitcoin On Its Way To $32,000 As On-Chain Data Suggests Net Accumulation

Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the $30,000 resistance…

byakintundeMay 31, 2022June 30, 2022
Russia Jumps To Fourth Position As Oil Supplier To India, Tanker Data Shows
Local

Russia Jumps To Fourth Position As Oil Supplier To India, Tanker Data Shows

Russia became the fourth-largest oil supplier to India in April. Russia’s share in India’s oil purchases rose to a record…

byakintundeMay 17, 2022May 17, 2022
KKR Boosts Renewable Power Presence With $2.2Billion deal for ContourGlobal – U.S
Local

KKR Boosts Renewable Power Presence With $2.2Billion deal for ContourGlobal – U.S

U.S. private-equity firm KKR has agreed to buy London-listed power generation company ContourGlobal (GLO.L) for 1.75 billion pounds ($2.16 billion)…

byakintundeMay 17, 2022May 17, 2022
Ukraine Will Not Reopen Gas Route Until It Controls Pipeline System
Local

Ukraine Will Not Reopen Gas Route Until It Controls Pipeline System

Ukraine will not reopen the Sokhranovka gas transit route from Russia to Europe until Kyiv obtains full control over its…

byakintundeMay 12, 2022May 12, 2022
India Tax Authority Froze $478 Million Of Xiaomi Funds In February-Sources, Document
Local

India Tax Authority Froze $478 Million Of Xiaomi Funds In February-Sources, Document

Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s Xiaomi Corp in February…

byakintundeMay 12, 2022May 12, 2022
Tesla Exports First Cars From Shanghai Since Reopening Plant – Media
Local

Tesla Exports First Cars From Shanghai Since Reopening Plant – Media

Tesla Inc on Wednesday made its first exports from China, since reopening its Shanghai factory on April 19. A shipment…

byakintundeMay 12, 2022May 12, 2022
Fuel Scarcity Won’t Spread To Lagos, Others – Marketers
Local

Fuel Scarcity Won’t Spread To Lagos, Others – Marketers

Oil marketers have said that the fuel scarcity being experienced in Abuja will not spread to Lagos State and other…

byakintundeMay 12, 2022May 12, 2022
Universal Insurance Set For N10b Recapitalisation- Nigeria
Local

Universal Insurance Set For N10b Recapitalisation- Nigeria

Universal Insurance Plc may soon join the firms that have met the new capital base of N10 billion ordered by…

byakintundeMay 12, 2022May 12, 2022
CMA Sets Tough Rules For Small Firms Issuing Bonds – Kenya
Local

CMA Sets Tough Rules For Small Firms Issuing Bonds – Kenya

The small businesses will have to be in operation for two years, have a minimum issued share capital of Sh10…

byakintundeMay 12, 2022May 12, 2022
Kenya Shilling For First Time Hits Sh116 Against The Dollar
Local

Kenya Shilling For First Time Hits Sh116 Against The Dollar

The shilling closed trading at Sh116.1 to the dollar, compared to Tuesday’s Sh115.99 and has depreciated from Sh113.13 at the…

byakintundeMay 12, 2022May 12, 2022

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