Tech Company STMicro Reports Higher Than Expected Q4 Sales, Lifting Its Shares
Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in…
Author: akintunde
Nigeria: Cooking Gas Price Drops, Supply Rises, Govt Projects Further Decrease
The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of…
Nigeria Senate Digs Into $679m Unremitted Revenue From Ports Concession
The Senate has uncovered how the Bureau of Public Enterprise (BPE) failed to remit $679.4 million realized from the concession of…
Nigeria: FG Posts N7trn Deficit, Elated Over N1.Trn Independent Revenues
The federal government recorded a budget deficit of N7. 052 trillion as at November last year, in the implementation of…
GameStop Shares Surge On Plan To Enter NFT, Crypto Markets
GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source…
Singaporean Richest Billionaire, Forrest Li, Loses $10 Billion Of His Fortune
Forrest Li, Chairman and Chief Executive officer of Sea Ltd recently lost a huge chunk of his fortune. Li lost…
KFC Kenya considers sourcing potatoes locally after uproar
Kentucky Fried Chicken (KFC), an international fast food restaurant chain, Kenya, says it will start sourcing potatoes locally. According to…
Nigerians to pay VAT for digital services – Finance minister
FG has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value…
Nigeria:We Generated N188.64bn At Onne Port In 2021 – Say Customs
The Area ll Command of the Nigeria Customs Service Port in Onne said it generated N188.64bn in 2022, compared to…
Once-Indispensable BlackBerry Smartphone Ceases To Exist
Canadian firm BlackBerry Ltd said it will take steps to decommission legacy services for its 10 and OS operating systems…
FG: Amazon, AliExpress to pay 6% tax on profits made from Nigerian customers
Nigerian FG says non-resident companies are mandated to remit 6% of turnover from digital services provided to Nigerian customers. An…
Forex Inflows Into Nigeria Increase By 64% To $30bn In The Q3 Of 2021
The amount of foreign exchange that entered Nigeria in the third quarter of 2021 increased by 64% to $30.18 billion,…
Manufacturers Kick Against Excise Duty On Soft Drinks
The Manufacturers Association of Nigeria (MAN) has kicked against the Federal Government imposed excise duty on all non-alcoholic and carbonated…
German cartel office steps up examination of Google products
Germany’s cartel office examines Google’s use of personal data and its Google News Showcase product under its new powers to…
European markets set to drop sharply at the open following U.S. sell-off
European stocks awaits to open sharply lower following losses that saw the Dow Jones notching its first decline of 2022.…
Walmart Halves Paid Leave For COVID-Positive Workers
Walmart workers in the United States who must isolate or who have tested positive for COVID-19 will receive one week…
Airtel Africa’s Shares Hit All-Time High On NGX After Asset Sale In Tanzania
The shares of Airtel Africa hit an all-time high price of N1,050.50 on Wednesday, gaining a maximum of 10 percent.…
Nigeria: Coke, Fanta Prices To Increase As FG Imposes N10/Litre Excise Duty On Carbonated Drinks
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Excise…
Nigeria: Fed Govt Set To Reduce Workforce
The Federal Government is set to reduce its workforce. It is designing what it calls an exit package for government…
Japan’s Nikkei 225 Drops Nearly 3% As Asia-Pacific Markets Largely Fall
Shares in Asia-Pacific declined on Thursday following losses overnight that saw the Dow Jones Industrial Average notching its first decline…
Grammy Awards Postponed Indefinitely Amid Omicron-Fueled Covid Surge
The 64th annual Grammy Awards show has been postponed indefinitely amid a resurgence of Covid cases, fueled by the omicron…
Nike Sues Lululemon Over Mirror Home Gym
Nike on Wednesday filed a lawsuit accusing Lululemon Athletica of patent infringement for making and selling the Mirror Home Gym…
Meta Sets Out Grounds For UK Appeal On Giphy
Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include…
Tencent’s WeChat Mini Daily Users In China Grew 13% To 450 Million Last Year
Tencent Holdings’ (0700.HK) Weixin, China’s dominant messaging app which is known as WeChat outside the country, said on Thursday that…
AMCON lists 7,912 names owing N4.4tn as deadline expires today
The Asset Management Corporation of Nigeria is set to publish names of Loan debtors owing it a total of N4.4tn.…
US aviation, telecom groups agree on 5G data sharing
Aviation and telecom groups in the United States have said they will share data to help resolve safety concerns related…
Foreshore Waters Secures N2.4bn BOI Facility
Foreshore Waters Limited has secured a N2.4 billion loan facility from the Bank of Industry to support the company’s growth…
Toyota Will Not Compromise Quality, Says TNL
Toyota Nigeria says it will not compromise on quality of vehicles, spare parts and after-sale services. It noted that Toyota…
Review forex ban on 40 items to save naira, economists tell CBN
The Centre for the Promotion of Private Enterprise, has advised the Central Bank of Nigeria to review its ban on…
U.S. SEC charges Medallion taxicab lender with fraud, shares tumble
The U.S. Securities and Exchange Commission charged Medallion Financial Corp and its president with fraud. They were charged for trying…