Asset Sales To Dominate Nigeria’s Oil Sector, Says Analyst
Nigeria is likely to contend with a gale of divestments by international oil companies, According to the global provider of…
Author: akintunde
Nigeria: We’ll partner govt to reduce unmetered customers – IBEDC
Ibadan Electricity Distribution Company Plc has re-inaugurated the Meter Asset Provider Scheme efforts to enhance meter rollout across its areas…
With 50% Increase, Oil Price Records Biggest Annual Gain Since 2009
Oil prices fell at the weekend but still posted the biggest annual gains since 2009, spurred by the global economic…
Tencent Raises $3 Bln By Trimming Stake In Shoppee-Owner Sea
Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) has raised $3 billion by selling 14.5 million shares at…
China’s Market Regulator Fines Alibaba, Tencent For Failing To Report Deals
China’s top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd (9988.HK), Tencent Holdings Ltd…
Foxconn India iPhone Plant Extends Closure, Workers’ Hostels Inspected -Source
A Foxconn iPhone factory in India at the center of a mass food-poisoning incident will extend a week closure by…
BREAKING: Buhari Appoints Doyin Salami Chief Economic Adviser
President Muhammadu Buhari has appointed Dr Doyin Salami as his Chief Economic Adviser. This was disclosed by the Special Adviser…
Turkish Lira Slips As Inflation Seen Soaring Higher
The lira slid as much as 4% against the dollar on Tuesday as Turkey girded for inflation to rise further…
Dubai’s Global Ventures Close To Raising $100 Mln Target For Second Fund
Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments from Abu…
Alitheia IDF Hits Target With Gender-Lens Fund’s Final Close
The management of Alitheia IDF (AIF), Africa’s women-led and women-focused private equity fund. It announced the final close of the…
China Central Bank Launches Digital Yuan Wallet Apps For Android, iOS
China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central…
South African Court Asks Shell To Stop Seismic Survey
South Africa court has ordered Shell to halt a seismic campaign off the Wild Coast, in the nation’s Eastern Cape…
Apple Makes History, Hits $3trn Market Capitalisation
Apple Inc. yesterday became the first company with a $3 trillion stock market value. Lifted by investors’ confidence that the…
We Paid Out Over N240bn To Customers In 2021 – PiggyVest
PiggyVest, a savings and investment platform, says over N242 billion was paid to 3.5 million customers in 2021. Somto Ifezua,…
Norrenberger Enters Pension And Insurance Markets With Acquisition Of 100% Stake In IEI
Norrenberger Advisory Partners Limited has acquired a 100 per cent equity interest in International Energy Insurance Company Plc, IEI has…
With 200 Deals, Nigeria Tops List Of Beneficiaries Of $5bn Investments
Nigeria tops the list of African countries that benefitted from the $5 billion raised by Africa’s technology start-ups in 2021.…
The Evergrande Debt Crisis, Explained
Roselyn Hsueh, associate professor of political science at the College of Liberal Arts, talks about the debt-stricken company, whose financial…
Private Sector To Provide N298.3tr Needed For 2021 –2025 NDP
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total spend. Specifically,…
Amid Currency Crisis, Nigeria Reserves Gain $5 Billion In 2021
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600 million in December…
EU Countries Seize 82% Of Nigeria’s Agro Products Exported Illegally – FG
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are…
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing
U.S. crude stocks, gasoline and distillate inventories fell last week, while U.S. oil production rose to the highest since May…
EC Approves Germany’s $1.1bn Green Hydrogen Programme
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing of green hydrogen abroad…
United States Federal Bureau Of Prisons: Invictus Obi Will Be Released In September 2028
According to a statement on the United States Federal Bureau of Prisons website, Obinwanne Okeke will be released in 2028.…
Spain’s Annual Inflation Jumps To 6.7% At End Of 2021, Highest Since 1989
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation since…
Defensives And Tech Lend Support To STOXX
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors…
IPhone 14 Series To Ditch Physical SIM Card Slot In Favour Of ESIM – Report
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to…
Seven Companies Delist, Three Lists On NGX In 2021
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation…
The World’s Largest Crypto Exchange Binance Is Trying To Woo France
Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny. The world’s largest cryptocurrency…
Riot Games Agrees To Pay $100 Mln To Settle Gender Discrimination Lawsuit
Tencent Holdings’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination…