Credit Suisse Rejects $515 Million Claim Linked To Fraudulent Adviser
Credit Suisse (CSGN.S) on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million). Which…
Author: akintunde
Nigerian Banks Maintained Stability Despite COVID-19 Challenges–NDIC
At the 2022 stakeholders’ retreat of the Senate Committee on Banking, Insurance, and Other Financial Institutions with the Nigeria Deposit…
Nigeria’s Economy Gaining Strength… But Inflation Will Remain High – IMF
Despite Nigeria’s steady economic recovery, inflation, according to the International Monetary Fund (IMF), would stay high. The Washington-based institution said…
Elon Musk Sued For $258bn Over Dogecoin Support
An investor in dogecoin, a cryptocurrency that began as a joke but grew in value championed by Elon Musk, filed…
Fuel Queues Return To Abuja, Motorists Flay NNPC, FG
Fuel queues returned to Abuja as motorists spent hours at filling stations waiting to buy the Premium Motor Spirit. This…
Stocks Rise As Investors Await U.S. Jobs Data For Fed Cues
Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal Reserve.…
EXCLUSIVE China Firms In Advanced Talks With Qatar For Gas Field Stakes, LNG Offtake.
China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the…
Inflation Surges Again, Hits 17.71% Amid Rising Prices.
Nigeria’s inflation rate has again surged to 17.71%, according to latest figures by the National Bureau of Statistics. In May…
72 Of The Top 100 Cryptos By Market Capitalization Have Fallen 90% Or More.
The current bear market has seen a whopping 72 out of top-100 tokens by market capitalization fall. More than 90%…
Factbox: Companies Sell Their Businesses In Russia
Some Western companies have agreed to sell their Russian assets or hand them over to local managers. As they scramble…
Analysis: With Record Pump Prices, Biden Hard-Pressed To Ramp Up Russia Sanctions
The American consumer presents a significant obstacle as the Biden administration considers escalating sanctions against Russia. This is in response…
Nigerians Spent N3.25tn On Airtime, Data, Others In 2021 – NCC
Nigeria spent N3.25tn on airtime, data, and other telecommunication services in 2021, according to the Nigerian Communications Commission. This is…
Google’s Russian Subsidiary Submits Bankruptcy Declaration – Ifax
The Russian subsidiary of Alphabet’s (GOOGL.O) Google has submitted a declaration of bankruptcy, Interfax. The Russian authorities’ seizure of Google…
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 million. To…
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 surging inflation.…
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 States, days after the cosmetics…
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 lower” levels.…
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…
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 the…
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 and pledges on health…
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 them of…
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 (ASOS.L) and Boohoo (BOOH.L) issued…
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” at risk. Britain wants…
Cryptocurrency Exchange Binance: 2022 Volumes So Far Similar To 2021’s $34 Trillion
Cryptocurrency exchange Binance’s Chief Executive Officer, Changpeng Zhao, said that volumes on the exchange so far in 2022 were similar…
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 several…
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 Bank of…
Rising Inflation, Others Threaten Buhari’s Poverty Reduction Scheme –World Bank Economists.
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and…
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 April this year.…
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 disruptive rise…
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 diseases. Rufus…