British Household Energy Bills To Jump 80% To Over $4,000 A Year.
British energy bills will jump 80% to an average of 3,549 pounds ($4,188) a year from October; plunging millions of…
Author: akintunde
Nigerias GDP Increases By 3.11% In Q1 of 2022, Says NBS.
The National Bureau of Statistics says Nigeria’s Gross Domestic Product grew by 3.54%. This growth is in the second quarter…
Bank Loan Defaults Cross Half A Trillion For The First Time.
Bank loan defaults have crossed the half a trillion shilling mark for the first time; setting up thousands of borrowers…
Britain To Support Rebuilding Of Ukrainian Transport Network.
Britain will share technical expertise with Ukraine as part of a new package of support to help the country rebuild…
FAAC: Nigeria FG, States, LGs Share N954bn
The Federation Account Allocation Committee, on Wednesday, said it shared N954.09n to the three tiers of government; as allocation for…
Brent Crude Trades Above $100 On Potential OPEC+ Supply Cuts.
The price of the black liquid is bullish today as a result of mounting supply tightness concerns amid disruptions to…
Saudi Arabia To Invest $1 Billion In Pakistan.
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported. Saudi King Salman bin Abdulaziz had given…
Why China Locked Kenya Out Of New Debt Relief Deal.
The elevation of Kenya to the middle-income status saw China lock the country out of a new list of African…
PetroChina H1 Profit Jumps 55% On High Oil Prices.
PetroChina (601857. SS) reported a 55% jump in profit during the first half of 2022, boosted by an increase of its oil…
South Africa’s Inflation Rate Hits 7.8%, Highest In 13 Years .
South Africa’s annual consumer inflation reached its highest level in 13 years, increasing to 7.8% in July from 7.4% in…
British Pubs, Farms Raise Alarm Over Latest CO2 Production Halt.
Britain’s drinks and food industry raised the alarm over the availability of carbon dioxide; after soaring energy prices forced a…
Forex Inflows Drop 17% To $6.6bn.
Aggregate foreign exchange inflows into the economy fell by 17.3 per cent to $6.58bn in April. The Central Bank of…
China Protect Chinese Firms Following U.S. Export Control List.
China’s commerce ministry said it will take the measures needed to protect the legitimate rights of Chinese companies after the…
FTSE 100 Rebounds On Energy, Earnings Lift.
London’s blue-chip stock index bounced off two-week closing lows, as energy stocks received a lift from rising crude prices and…
Low-Growth, High-Inflation Era Beckons Post-Pandemic America.
On paper, T.J. Semanchin’s Wonderstate Coffee business seems more productive than ever; with fewer workers generating higher sales at the…
German Economy Jumps To 0.1% Growth In Q2.
The German economy grew in the second quarter, propped up by household and government spending and beating analyst expectations that…
Naira Depreciates To N692.9/$1 At P2P Forex Market.
Wednesday, 24th August 2022: The exchange rate between the naira and the US dollar closed at N431/$1; at the Investors and…
Stanbic IBTC Posts N31 Billion PAT In H1 2022.
Stanbic IBTC Holdings Plc has posted a profit of N31 billion for the first half of the year 2022; a…
Hackers Stole $44billion From Cryptocurrencies Since June 2021.
Latest report from Acronis, a global leader in cyber protection, has revealed that cybercriminals are now focusing more on cryptocurrencies and…
Investors Of Three Top Cement Firms Lose N291 Billion As Sell Pressure Heightens.
Race to sell-offs for portfolio rebalancing ahead of the 2023 elections saw the shares of Dangote Cement Plc, BUA Cement Plc…
Bitcoin Struggles At $21.5K Amid Weak Volatility.
The anticipation of Federal Reserve Chair, Jerome Powell’s upcoming remarks about inflation; and the economy led to more cryptocurrency anxiety.…
Why Chiliz The Sports-Based Crypto Is Defying The Bearish Market.
The price of Chiliz (CHZ) had increased by around 35% week-to-date (WTD), reaching $0.26 per token. As a result, the…
TotalEnergies Shifts Drilling On Egina, Akpo To December.
TotalEnergies has said it will start a major drilling campaign on Egina and Akpo oil fields in December. With 200,000…
Russian Cenbank Says Business Improved In August.
Russia’s central bank said on Wednesday that its business climate index remained in the positive range for the second month…
Ford Cuts 3,000 Jobs As It Pivots To EVs, Software.
Ford Motor Co(F. N) said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and…
Shanta Eyes Sh60 Million West Kenya Gold Licences.
London-listed exploration firm Shanta Gold is eyeing three additional prospecting licences from Canadian miner Barrick Gold in the West Kenya…
Honda Considering Decoupling Supply Chain From China -Sankei.
Honda Motor Co Ltd (7267. T) is considering building a separate supply chain that would reduce its dependence on China, the Sankei…
Major Gulf Bourses Gain On Rising Oil Prices.
Major stock markets in the Gulf rose in early trade, in response to a surge in oil prices in the…
Nike, Gucci, Others Have Made $260 Million From NFT Sales In 2022.
Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales…
Sterling Maintains Stable Value Against Dollar.
Sterling was steady against the dollar holding above a 2-1/2 year low touched a day earlier after data added to…