Gold Nudges Higher As Weaker Dollar Lends Support
Gold prices inched up on Thursday, extending gains into a third session as a softer dollar made the metal cheaper for buyers holding other currencies. Spot gold rose 0.2% to…
Power Generation Companies In Nigeria suffered Loss Of N1.66 Trillion In Seven Years
Power generation companies in Nigeria have said they suffered a loss of N1.66tn in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power…
Turkey And Nigeria Sign A Bilateral Agreement On Improving Security And Trade
The need to improve security and trade between Nigeria and Turkey formed the highlight of the bilateral agreements signed yesterday in Abuja between President Muhammadu Buhari and his Turkish counterpart,…
Microsoft: Window 11 Is Available For Free Upgrade On Eligible Windows 10 PCs
Microsoft has announced the availability of Windows 11 around the world, through a free upgrade on eligible Windows 10 PCs and on new PCs pre-installed with Windows 11. A few…
Evergrande Shares Dropped By Over10 Percent
China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its assets to Hopson Development Holdings fell through. Hopson shares…
Central Bank Of Nigeria To Promote Entrepreneurship By Supporting Youths With Grant
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a…
International Renewable Energy Agency And International Labour Organization Partners To Promote Employment For Women
The Directors-General of the International Renewable Energy Agency and the International Labour Organization have signed an agreement to reinforce their cooperation to promote employment and decent jobs for women and…
Lagos State Ministry Of Education Train 50 Teachers In Partnership With US Consulate General
The Lagos State Ministry of Education has partnered with the US Consulate General to train 50 teachers from the Education District One in a STEM training workshop. The teachers who…
Bitcoin Hit All Time High
Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed about 3% to…
Chinese Exporters Hikes Price By 10%
Chinese exporters are hiking prices, injecting inflation risk into a global economy already hit by supply chain and shipping disruptions. At a trade fair in the manufacturing hub of Guangzhou,…
Rising Transportation,Shelter And Food Price Push Canada Inflation Up By 4.4%
Canada’s annual inflation rate accelerated to an 18-year-high in September, driven by rising transportation, shelter and food prices, data showed on Wednesday, putting the focus on the Bank of Canada…
Mortgage Demand Drop By 6.3% Due To Increase In Mortgage Interest Rate
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell 6.3% last week compared with the previous week, according to…
Goldman Sachs To Integrate Virtual Card Technology By Partnering With American Express
Goldman Sachs is partnering with American Express to upgrade its digital cash management offering. The investment bank is leaning on the world’s biggest issuer of business charge cards in its…
Bitcoin Hit $64,241 After ETF Listing
The price of Bitcoin surged, near the all-time high after ProShares Bitcoin Strategy ETF, the first bitcoin-linked exchange-traded fund (ETF) listed on the New York Stock. On Tuesday, Bitcoin rose…
Commercial Fifth Generation (5G) Network Is Now Serving More Than 500 million subscribers
Commercial Fifth Generation (5G) network deployment is now in 176 countries around the globe, serving more than 500 million subscribers. This was disclosed at the12th yearly Global Mobile Broadband Forum…
Kaspersky Unveils Free Platform To Encourages Small Business Security
Kaspersky has unveiled a free platform for small businesses to improve their security. The platform, called ‘Kaspersky Cybersecurity on a Budget’, provides small businesses with tips and tricks to improve…
E-Naira Will Be Available To All Nigerians: CBN
The Central Bank of Nigeria has said the eNaira will be available to Nigerians without Internet-enabled phones. The CBN disclosed this in a document obtained by our correspondent, with the…
Release Of New Chip Surge Alibaba Shares
Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports that its founder Jack Ma traveled to Europe and after the release of a new chip. The…
Association of Nigerian Electricity Distributors Lose N97 Billion In Q1
Electricity distribution companies have said a total of N97bn was lost in the first quarter of this year to energy theft, capping of estimated billing and other factors. The Association…
Top 50 Brand Recognition For MTN Nigeria and Dangote Group
Dangote Group and MTN Nigeria Plc have been recognised for their brand image and presence in the Nigerian market by Top 50 Brands. According to a statement from the consultancy,…
Chinese EV Maker Xpeng’s Flying Car Aim To Roll Out In 2024
HT Aero, the flying car company backed by Chinese electric carmaker Xpeng Inc. and its founder, raised more than $500 million from outside investors. The money will be put toward…
E-Commerce “Sendbox” Raise $1.8 Million
An e-commerce fulfillment company for small merchants, Sendbox, has raised $1.8m to help small merchants fulfill their e-commerce orders. According to TechCrunch, the firm uses a mix of technology and…
DPR, PPPRA, PEF Get Scrapped By Federal Government Of Nigeria
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on…
European Market Trading Week Start On A Dull Movement
European stocks pulled back on Monday as global markets geared up for more big earnings reports. The pan-European Stoxx 600 slid 0.5% in early trade, with retail stocks dropping 1.7%…
Facebook To Create 10,000 Jobs In European Union Over The Next Five Years
Facebook plans to create 10,000 jobs in the European Union over the next five years in a push to build a digital world known as the “metaverse.” The social media…
OPPO Launches New IOS
OPPO, a Chinese consumer electronics and mobile communications company, has launched a global version of its ColorOS 12. According to the company, the new ColorOS is based on Android 12…
Nigerian Exchange Group List Its Issued And Fully Paid Share
Nigerian Exchange Group Plc has listed its entire issued and fully paid 1,964,115,918 ordinary shares of 50 kobo each at N16.15 per share. The Nigerian Exchange Limited said in its…
China Continuity Of Internet Censorship Expansion Leads To Shutdown Of LinkedIn In China
Microsoft announced Thursday it will shut down its local version of LinkedIn in China as the country continues to expand its censorship of the internet. LinkedIn was the last major…
Federal Government Of Nigeria Offer N150 Billion Worth Of Bond Up For Auction
The Debt Management Office (DMO) on behalf of the Federal government has offered for subscription N150 billion worth of FGN bonds by auction. This is according to a disclosure published…