Equities Market Resumes November Trading On A Downturn Note
The equities market resumed trading for the month of November on a downturn note yesterday, as market capitalisation declined by…
Author: akintunde
Transnational Corporation of NigerIs Q3 Profit Before Tax Rises By 671 Percent
Transnational Corporation of Nigeria Plc has said its profit before tax rose by 671 per cent in the third quarter…
Tesla Is Yet Sign A Contract With Rental Car Company “Hertz”: Elon Musk
Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with…
ByteDance’s Finance Chief To Step Down And Focus On Role As Tiktok CEO
TikTok owner ByteDance’s finance chief will step down to focus on his role as CEO of the short video app,…
Roblox Restores Service After Outage That Lasted Three Days
Roblox restored its services Sunday following a major outage that lasted for three days. Roblox, an online platform which lets…
Central Bank of Nigeria Commence 100 For 100 Policy On Production And Productivity
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of…
Malaysia Stock Drops After Government Announcement Of One Off Windfall Tax
Malaysia stocks fell on Monday as the government announced a one-off “windfall” tax on companies to raise revenue for the…
Federal High Court Orders Temporal Forfeiture Of Houses, Cars Linked To Invictus Group CEO
A federal high court in Lagos has ordered the interim forfeiture of houses and cars linked to Obinwanne Okeke, Invictus…
Xpeng Hong Kong Shares Soar High After Delivery Of More Than 10,000 Cars
Xpeng said it delivered more than 10,000 cars in October, sending its Hong Kong shares higher on Monday The electric…
ARCH EM’s Cold Chain Solutions Fund Lands Another LP
The Board of Directors of the African Development Bank has approved an equity investment of $10 million in the ARCH…
China Applies To Join DEPA
China has applied to join the Digital Economy Partnership Agreement (DEPA) on Monday, the commerce ministry said. China said the…
Sega Says It’s Exploring A Strategic Alliance With Microsoft
Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using…
Investor Group Partners For Sustainable Finance Facility For Greenlight
Standard Bank Group, Citi, CDC Group Plc and Norfund have teamed up to provide a $75 million equivalent Kenyan shilling-denominated…
TLcom And 4DX Ventures Make Follow-On Deal For Autochek
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on…
Pearl Capital Backs Poultry Business With Mix Of Equity And Debt
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, has struck its third deal in as…
Price Of Domestic Fuel Is Indexed To International Pricing Model: Nigeria LNG
Following worries over the hike in the price of cooking gas, the Nigeria LNG has explained that the price of…
#880 Billion Missing From 367 Ministries, SERAP File Lawsuit Against Nigeria President
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe…
National Identification Number Registration Have Extended Till December
The federal government has again extended the ongoing national identification number (NIN) and subscriber identity module (SIM) integration exercise till…
Johnson And Johnson Accrued $800 Million Legal Expenses In Q3
Johnson & Johnson said it has settled most of the lawsuits it faced by thousands of men who claimed its…
Saudi Arabia Oil Giant “Aramco” Record 158% Increase In Q3
Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the…
American Airlines Canceled Over 1400 Flight , Plan To Increase Staffing
American Airlines said on Saturday it has canceled more than 1,400 flights over the weekend due to staff shortages and…
New EXEO Platform Buys Minority Stake In Artisanal Cheese Business
African mid-market private equity firm EXEO Capital has struck its second deal this year and the third over the last…
Deposit Money Banks To Deduct Loan From Debtors Account
The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the…
Imagine Global Couple Are Citizens: Antiguan Authorities
Antiguan authorities have confirmed that the Nigerian couples who are wanted for a multibillion Naira investment scam are citizens of…
Net Foreign Exchange Flow Increased By $0.7 Billion In July
Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38 billion in…
Facebook Is Rebranding, Changes Name To Meta
Facebook has changed its name to Meta as part of a major rebrand. The company, which announced the change at…
Meta Material Share Spike After Facebook Change Of Name To Meta
Meta Materials spiked late on Thursday, for the same reason that Zoom Technologies rallied in 2019 and Signal Advance surged…
Federal Government Launch Made In Nigeria Barite
The Federal Government, on Thursday, launched the made-in-Nigeria barite, saying it would save the country the foreign exchange spent on…
Diesel Landing Cost Has increased To N336.45 Per Litre: Oil Marketers Association Of Nigeria
The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association…