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Year: 2022

Tanzania Makes U-turn On Uganda Sugar
Local

Tanzania Makes U-turn On Uganda Sugar

Tanzania banned sugar from Uganda in 2019, saying the imports originated from third-party countries.Presidents Samia Suluhu and Yoweri Museveni agree…

byakintundeMay 12, 2022May 12, 2022
Telcos Propose Tax Review, Others To Avert 40% Tariff Hike
Local

Telcos Propose Tax Review, Others To Avert 40% Tariff Hike

Telecommunication companies had recently proposed a 40% hike in the cost of calls, SMS, and data. This is as a…

byakintundeMay 12, 2022May 12, 2022
Greece, UAE Agree Joint Investments In Energy, Other Sectors
Local

Greece, UAE Agree Joint Investments In Energy, Other Sectors

Greece and the United Arab Emirates (UAE) agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the…

byakintundeMay 9, 2022May 9, 2022
U.S. Wholesale Inventories Unrevised In March
Local

U.S. Wholesale Inventories Unrevised In March

U.S. wholesale inventories increased solidly in March, though the pace slowed from the prior month amid rising sales, government data…

byakintundeMay 9, 2022May 9, 2022
IKEA To Spend 3billion Euros On Stores As It Adapts To E-commerce – Sweden
Local

IKEA To Spend 3billion Euros On Stores As It Adapts To E-commerce – Sweden

IKEA retailer Ingka Group is spending $3.2 billion through 2023 on new and existing stores, much of it to modify…

byakintundeMay 9, 2022May 9, 2022
Most Gulf Bourses Track Global Shares Lower; Saudi Gains
Local

Most Gulf Bourses Track Global Shares Lower; Saudi Gains

Most Gulf stock markets fell in early trade on Monday, tracking subdued global shares on rate worries, while a tightening…

byakintundeMay 9, 2022May 9, 2022
Analysis: Markets Must Face Up To Tightening Financial Conditions
Local

Analysis: Markets Must Face Up To Tightening Financial Conditions

Already sitting on double-digit losses this year, stock market investors must brace for more. As the realisation sinks in that…

byakintundeMay 9, 2022May 9, 2022
United Kingdom Revokes Moscow Bourse’s Status As Recognised Exchange
Local

United Kingdom Revokes Moscow Bourse’s Status As Recognised Exchange

Britain on Thursday revoked the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange. Britain grants recognised status to…

byakintundeMay 6, 2022May 6, 2022
Shell Posts Record Quarterly Profit, Lifted By Energy Price Surge
Local

Shell Posts Record Quarterly Profit, Lifted By Energy Price Surge

Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices. The…

byakintundeMay 5, 2022May 5, 2022
Late Czech Billionaire’s Family Taps Longtime Partner Smejc To Run PPF
Local

Late Czech Billionaire’s Family Taps Longtime Partner Smejc To Run PPF

PPF Group will install investor Jiri Smejc as its new chief executive from June 15.PPF has assets worth around 40…

byakintundeMay 5, 2022May 5, 2022
Russian C.Bank Sells 550 Billion Roubles At One-Week Repo Auction
Local

Russian C.Bank Sells 550 Billion Roubles At One-Week Repo Auction

Russia’s central bank provided banks with all 550 billion roubles ($7.99 billion) on offer at a one-week repo auction on…

byakintundeMay 4, 2022May 4, 2022
Robinhood Launches Stock Lending Program In Revenue Diversification Push
Local

Robinhood Launches Stock Lending Program In Revenue Diversification Push

Robinhood Markets Inc (HOOD.O) on Wednesday said it launched a fully-paid securities lending program, which lets the online broker’s users…

byakintundeMay 4, 2022May 4, 2022
From Coffee To Ketchup, Retailers Seek Price ‘Shields’ As Inflation Runs Riot
Local

From Coffee To Ketchup, Retailers Seek Price ‘Shields’ As Inflation Runs Riot

As shoppers pay more for anything from coffee to ketchup, some retailers have started to cut or cap the price…

byakintundeMay 4, 2022May 4, 2022
Nigerians To Pay More As GSM Operators Plan 40% Tariff Hike
Local

Nigerians To Pay More As GSM Operators Plan 40% Tariff Hike

Telecommunication companies are proposing a 40% increase in the cost of calls, SMS, and data to the Nigerian Communications Commission…

byakintundeMay 4, 2022May 4, 2022
Nigeria’s $560m Tops African Startups’ Funding In Q1 2022
Local

Nigeria’s $560m Tops African Startups’ Funding In Q1 2022

Amid difficulties in the business environment in the country, Nigerian startups raised a total of $559.85m accounting for 35.2% of…

byEkeminiMay 4, 2022May 5, 2022
EXCLUSIVE Musk in talks for new Twitter financing-sources
Local

EXCLUSIVE Musk in talks for new Twitter financing-sources

May 2 (Reuters) – According to sources familiar with the situation, Elon Musk is in negotiations with huge financial firms…

byakintundeMay 2, 2022May 2, 2022
Fertilizer sector set for biggest profits in years on Russia-Ukraine conflict
Local

Fertilizer sector set for biggest profits in years on Russia-Ukraine conflict

May 2 (Reuters) – According to economists, fertilizer companies are on track to earn their best quarterly profits in years…

byakintundeMay 2, 2022May 2, 2022
Wall Street drops as Fed focus takes hold, 10-yr Treasuries breach 3%
Local

Wall Street drops as Fed focus takes hold, 10-yr Treasuries breach 3%

May 2 (Reuters) – Investors adopted a cautious tone ahead of the Federal Reserve meeting this week. As policymakers are…

byakintundeMay 2, 2022May 2, 2022
Google makes $100,000 worth of tech training free to every U.S. business
Local

Google makes $100,000 worth of tech training free to every U.S. business

May 2 (Reuters) – Google (GOOGL.O) of Alphabet Inc (GOOGL.O), announced on Monday that any U.S. company with over $100,000…

byakintundeMay 2, 2022May 2, 2022
Deliveroo suspends pay cut for UAE delivery riders after rare worker strike
Local

Deliveroo suspends pay cut for UAE delivery riders after rare worker strike

DUBAI, May 2 (Reuters) – After a rare strike by foreign delivery employees in the Gulf Arab state, over working…

byakintundeMay 2, 2022May 2, 2022
Netflix drops Meghan Markle’s animated series ‘Pearl’
Local

Netflix drops Meghan Markle’s animated series ‘Pearl’

May 1 (Reuters) – Netflix Inc (NFLX.O) announced on Sunday that it had opted to halt production on Meghan Markle’s…

byakintundeMay 2, 2022May 2, 2022
The Fed wants to cool the U.S. housing market. Here’s what that feels like
Local

The Fed wants to cool the U.S. housing market. Here’s what that feels like

(Source: Reuters) Harsh Grewal and his wife settled on a place in a San Francisco suburb in mid-April, months into…

byakintundeMay 2, 2022May 2, 2022
U.N. chief calls for debt relief, post-COVID investment on West Africa trip
Local

U.N. chief calls for debt relief, post-COVID investment on West Africa trip

(Reuters) – DAKAR, May 1 (Reuters) – On Sunday, United Nations Secretary-General Antonio Guterres called for debt relief and increased…

byakintundeMay 2, 2022May 2, 2022
Stocks slide, dollar holds ground as U.S. rate hike looms
Local

Stocks slide, dollar holds ground as U.S. rate hike looms

Reuters, MILAN, May 2 – Concerns over economic growth lingered ahead of an expected U.S. rate hike this week. After…

byakintundeMay 2, 2022May 2, 2022
Oil slips on China growth worries, EU weighs Russian crude ban
Local

Oil slips on China growth worries, EU weighs Russian crude ban

Fears regarding China’s growth are increased by the country’s declining industry activity. (Reuters) – LONDON, May 2 (Reuters) – On…

byakintundeMay 2, 2022May 2, 2022
Circa Wants To Make First-Of-The-Month Rent Payments Obsolete
Local

Circa Wants To Make First-Of-The-Month Rent Payments Obsolete

Paying rent on time can mean the difference between having a place to live, and well, not. Circa believes there…

byakintundeApril 27, 2022April 27, 2022
NFT Aggregator Gem.xyz Acquired By OpenSea Shortly After Ousting Co-Founder For Sexual Misconduct
Local

NFT Aggregator Gem.xyz Acquired By OpenSea Shortly After Ousting Co-Founder For Sexual Misconduct

OpenSea, the largest NFT marketplace, acquired Gem.xyz (Gem) to “better serve” its more experienced users. The deal will allow OpenSea…

byakintundeApril 27, 2022April 27, 2022
Future Chevy Corvette EV Will Use Battery’s Heat To Extend Its Range – General Motors
Local

Future Chevy Corvette EV Will Use Battery’s Heat To Extend Its Range – General Motors

It’s official: a fully electric Chevy Corvette is coming with new battery technology to boost its range, acceleration and efficiency.…

byakintundeApril 27, 2022April 27, 2022
Google’s Pixel Watch May Finally Be On Its Way
Local

Google’s Pixel Watch May Finally Be On Its Way

Everything old is new again. Someone leaves a prototype in a bar, prototype makes its way into some blogger’s hands,…

byakintundeApril 27, 2022April 27, 2022
Apple Confirms App Store And Apple Music Are Experiencing Issues
Local

Apple Confirms App Store And Apple Music Are Experiencing Issues

Apple has confirmed that the App Store and Apple Music are currently experiencing some issues. The company’s system status page…

byakintundeApril 27, 2022April 27, 2022

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