AutoStore and Ocado ‘robot war’ spills into Germany
Norwegian warehouse robot maker AutoStore sparred on Friday over legal proceedings in Germany in their latest patent dispute. In a…
Year: 2022
China issues draft rules for fakes in cyberspace
China’s cyberspace regulator issued draft rules for content providers that alter facial and voice data. This latest measure was put…
CBN Urges Cement Manufactures To Slash Prices
The Central Bank of Nigeria has appealed to cement manufacturers to consider reducing the high cost of cement. The CBN…
Europe kept waiting as Intel commits to new U.S. chip factories
Intel still intends to develop the European chip manufacturing capacity with two new U.S. semiconductor plants. The company said in…
No Dollar Spent On Cement Import In Seven Years —CBN Governor Emefiele
The CBN Governor Mr Godwin Emefiele has said Nigeria has not spent dollars to import cement in the last seven…
Champion Breweries files shares take-over offer by Raysun Nigeria Limited
Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the…
Federal Government Inaugurate Nigerian Postal Service Debit Card
The Federal Government has inaugurated the Nigerian Postal Service debit card, an agency banking platform, and 27 courier service vehicles.…
Nigeria: FIRS Achieved It’s Target For 2021
The Federal Inland Revenue Service (FIRS) has announced that it achieved a 100% revenue target for 2021 despite issues brought…
Elon Musk’s Net Worth Dropped By $25.1 Billion
A massive sell-off of Tesla shares slashed Elon Musk’s net worth by $25.1 billion, one of the biggest declines ever…
Nigeria Stock Market Capitalization Decreases By N280.62 Billion
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 112…
China Securities And Regulatory Commission Is In Talks With Foreign Bank To Soothe Economic Concerns
The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and asset managers…
Google To Invest $1 Billion In Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the…
Unilever Nigeria Generated N52.21 Billion Revenue In 12-Months Ended December 2021
Unilever Nigeria Plc reported its Q4 12-months unaudited Annual Financial Statement, revealing a 35.07% growth in revenue from N52.21 billion…
Pay us $3.4bn Fine – Niger Delta Artisan Fishermen Association of Nigeria Fishermen Tells Shell
The Artisan Fishermen Association of Nigeria, Niger Delta chapter, have urged the Shell Petroleum Company to immediately pay them the…
Credit Suisse issues fourth-quarter profit warning as legal costs rise
Credit Suisse announced that its fourth-quarter earnings are set to be negatively impacted by increased litigation provisions. The Swiss bank…
BUA Chairman, Abdul Samad Rabiu Now Africa’s Fifth Richest Man, Second In Nigeria With Latest Forbes Report
Forbes has listed BUA chairman Abdul Samad Rabiu as the fifth African richest man and second richest man in Nigeria.…
GM plan to dethrone Tesla in electric car sales by 2025
General Motors will invest roughly $6.6 billion in its home state of Michigan over the next several years. The new…
Facebook’s Cryptocurrency Venture To Wind Down And Sell Tech Asset
Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for…
Market Volatility Cause Wetransfer Owner To Cancel IPO
The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech offering…
Apple Smartphone Market Hit High Record In 2021 Q4
Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker…
Nigeria’s Credit Risk Spikes As FG Extend Fuel Subsidy Policy
The Federal Government’s decision to extend the implementation of the fuel subsidy removal policy has affected the cost of ensuring…
S&P 500 Trading Session Ended Bearish
Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking…
NNPC Advice Against Panic Buying Of Petrol
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage in panic…
Oil Price Hits $90 Per Barrel
Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between…
IMF Advice Nigeria To Prepare For Financial Turbulence
The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need…
Nigeria: Marketers Raise Diesel Price To N355 – N360
The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria…
Tesla Won’t Release Any New Model This Year- Elon Musk
Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year,…
Uber Launch UberMoto In Ibadan, Nigeria
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the…
Spanish Bank Santander Set To Launch “Buy Now Pay Later” Service
Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off…
Even And One To Be Acquired By Walmart Backed Startup
A financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims…