Nigeria’s Solar Industry Growing, Says US-Nased Firm
A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power industry is growing and it is aiming to reach 20 million Nigerians with its…
Swissmedic Approves J&J COVID-19 Vaccine Booster
Swiss drugs regulator Swissmedic said on Monday it approved booster doses for Johnson & Johnson’s COVID-19 vaccine in people 18 years and older who have received a first vaccination. The…
Nigeria: FG Borrows N13.6tn Via Bonds In Six Months Amid Rising Deficit Financing
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last…
Elon Musk Sells Another $1bn Worth Of Shares In Tesla To Clear Tax Bill
Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle manufacturer for $1.2 billion. This is coming a week after Musk confirmed that…
Turkish Central Bank Says To Support Conversion Of Gold Deposits To Lira
The Turkish Central Bank said on Wednesday it had decided to provide an incentive to those who convert their gold deposits and participation funds into Turkish lira time deposit accounts.…
Miami Beach Is Priciest New Year’s Eve Destination In The World
Miami island Beach is the most expensive destination in the world for overnight accommodation this coming New Year’s Eve. With a nightly rate of $365 for the least expensive room,…
Cargoes Are Trapped In China’ — Lagos Shippers Lament Container Scarcity
The Shippers Association of Lagos (SAL) has expressed worry over the scarcity of empty containers to bring cargoes into the country. Jonathan Nicol, president of SAL, disclosed this in an…
Iran Halts Authorized Crypto Mining To Save Energy For Winter
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid Iran’s energy consumption increasing during the winter. Local energy authorities…
Rivian Delays Deliveries Of Pickup, SUV With Big Battery Packs To 2023
Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023, Chief Executive RJ Scaringe said in a mail to customers…
SEC Urges Nigerians To Avoid Deals With FinAfrica, Poyoyo Investment
The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. The commission described the business of Poyoyo Investment (Pilvest) Nigeria Ltd.,…
China Stocks Edge Up On New Energy Gains
China stocks inched up on Tuesday as gains in new energy companies and non-ferrous metal shares offset losses in the energy sector, while rising coronavirus cases in a local outbreak…
Naira Falls At Official And P2P Forex Market
The exchange rate between the naira and the US dollar closed at N415.1/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira fell against the US…
Turkish Lira Weakens, Further Eroding Last Week’s Gains
Turkey’s lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding massive gains made last week, as worries about the country’s monetary policy…
Nigeria Govt Should Support Businesses To Revive Economy’
The Group Managing Director/Chief Executive Officer, CFL Group, Mr Lai Omotola, has said it is important for the government to support businesses in the country in order to ensure economic…
Austria’s S&T Hires Deloitte For External Audit After Activist Investor Report
Austrian IT company S&T has commissioned Deloitte to conduct an external audit following allegations made by activist investor Viceroy Research, it said on Tuesday. After a report by Viceroy published…
Starboard Acquires Stake Worth $800 Mln In GoDaddy
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800 million, according to a regulatory filing with the U.S. Securities and Exchange…
Didi Bars Employees From Selling Shares Indefinitely
Chinese ride-hailing giant Didi Global has barred current and former employees from Employees will not be able to sell shares until after the company has listed in Hong Kong, according…
Christmas Week Trades Add $77.89bn To Bitcoin Market Cap
The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas. On December 19, BTC had a market cap of $883.01bn. It opened trading at $46,853.87,…
1.3 Million Bitcoin Left Circulating On Crypto Exchanges
In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total…
Japan’s Shionogi Starts Phase III Clinical Trial In Vietnam For Covid-19 Vaccine
Japan’s Shionogi & Co. Ltd announced on Monday that phase III of its clinical trial for a new COVID-19 vaccine has begun in Vietnam. The pharmaceutical company has already conducted…
Intel Apologises In China Over Xinjiang Supplier Statement
U.S. chip maker Intel apologised on Thursday to Chinese customers, partners and the public after a letter telling its suppliers not to source products or labour from the western region…
More Than 4.6 Mln Got Health Insurance Through ACA in 2021 -Biden
More than 4.6 million people gained health coverage in the United States in 2021 through the Affordable Care Act (ACA) amid the ongoing COVID-19 pandemic, U.S. President Joe Biden said…
One Million Nigerians, Under 24, Died Over Healthcare, Socioeconomic Problems 2020 – Report
About one million Nigerians under the age of 24 died in 2020 due to healthcare challenges in the country. Estimates developed by the United Nations Inter-agency Group for Child Mortality…
FG Rakes In N2.56tn From Petrol, Kerosene, Diesel Sales In 13 Months
The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white products (petrol, kerosene, diesel) in about 13 months. It said in…
US Treasury Official Beckons New Stablecoin Regulations
The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation…
Chinese Companies Embark On A Metaverse Trademark Race
In spite of the metaverse and nonfungible tokens (NFTs) warning issued by People’s Bank of China’s (PBOC) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related…
World Bank Loans Nigeria $700m For Water Supply, FG Blames States
The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the Minister of Water Resources, Suleiman Adamu, has said. According to…
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official data obtained on Monday show. The Nigerian Exchange Limited, in its latest…
Nigeria Loses N499.32bn As Twitter Ban Hits 200 Days
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021. The Federal Government announced the suspension of Twitter after the social…
Investors Record N260bn Weekly Gain As 32 Stocks Rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of trading last week. The NGX All-Share Index and market capitalisation…