Nigeria FG Concludes Takeover Of Four DisCos.
The Federal Government has completed the takeover of four electricity distribution companies; and constituted the…
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Power Production Was Reduced By Striking Workers To 43 MW-FG.
The recent one-day strike by workers of the Transmission Company of Nigeria crashed Nigeria’s power generation…
FG To End Petrol Subsidy In June 2023.
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to…
Vodafone To Sell Hungarian Business For $1.8 Billion.
Britain's Vodafone (VOD.L) will sell its Hungarian business for 715 billion forints ($1.8 billion) in…
ENaira Records 200,000 Users, N4bn Transactions Value – Emefiele
The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes; and four billion Naira…
FG Spends N18.397bn On Petrol Subsidy Daily –Minister
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to…
Bitcoin Drops For Fourth Straight Day On US Fed’s Hawkish Stance.
Bitcoin and many crypto assets fell for a fourth straight day as investors continued to be perplexed by recently…
Nigeria’s Inflation Rate Ballooned By 170% Under President Buhari In 7 Years.
Nigeria’s consumer price index (CPI), which is use to measure the level of inflation in the country has risen by…
Valereum To End Bitcoin Mining To Focus On Gibraltar Exchange.
Blockchain company Valereum (6TJ.SG) said it was selling its bitcoin mining assets to Vinanz Ltd; for a…
Sterling Struggles As Inflation Outlook Sours Mood.
The British pound weakened against the dollar after policy minutes from the Federal Reserve boosted the U.S.…
Swiss Gold Exports To China Surge To 5-1/2-Year High.
Swiss exports of gold to China in July rose to their highest since December 2016, Swiss customs data showed…
Vietnam Orders Tech Firms To Store User Data Onshore.
Vietnam's government has ordered technology firms to store their users' data locally; and set up local offices,…
EUROPE POWER Rising German Solar Supply Weighs On Spot Prices.
European spot power prices fell as German solar supply is seen rising; while French nuclear availability…
Blame Policymakers, Lawmakers For Oil Price Rises, OPEC Sec Gen Says.
Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices,…
Russian Mobile Operator MTS Reports 36% Drop In Q2 Net Profit.
Russia's biggest mobile operator MTS reported a 36.4% drop in second-quarter net profit from the same period last…
Asset-Backed Stablecoin, HUSD, Loses Peg, Drops To $0.92.
The HUSD stablecoin, which touts to be a “secure, reliable, and fiat-collateralized stablecoin, that combines…
Canada Inflation Eases To 7.6% In July, But Analysts Eye Oversized Rate Hike.
Canada's inflation rate eased slightly in July, as lower gasoline prices outweighed fast-rising food prices; but…
Memecoins Rally As Crypto Market Cools Off.
Its “meme” rally in the cryptocurrency space as investors seem to be hungry to take on more risk given the rally…
Ghana’s Central Bank Hikes Interest Rate To 22% To Combat Inflation, Forex Crisis.
Ghana’s central bank has raised its interest rate by 300 basis points to 22% to tame inflation and stabilize the…
Seme Customs Intercepts 119,940 Litres Of Petrol Worth N28.924m – Nigeria.
The Seme Command of the Nigeria Customs Service (NCS) has intercept 3,998 jerry cans of Premium Motor Spirit…
Why We Can’t Generate 5,000mw Of Power – Nigeria FG
The Federal Government blamed its inability to reach the target of 5,000 megawatts of electricity generation…
After Elon Musk’s Joke, A Fake Manchester United Token Increases By Nearly…
A fake Manchester United token as gained over 3,000% after Elon Musk, the world’s richest man, stated that he was…
Naira Appreciates Slightly At Black Market, Trades At N677/$1.
Wednesday, 17th August 2022: The exchange rate between the naira and the US dollar closed at N429.38/$1 at the…
Electricity Workers Suspend Strike Amid Blackout- Nigeria.
The National Union of Electricity Employees (NUEE) has suspended its nationwide strike for two weeks. The…
After the Fed minutes, Asia’s Shares Decline But The Dollar Remains Stable.
Asian shares fell, tracking Wall Street's losses as the U.S. Federal Reserve looked set to maintain its path of…
IFC Of The World Bank Uses Blockchain To Track Carbon Offsets.
International Finance Corp (IFC), a World Bank affiliate, told Reuters it is backing a blockchain-enabled platform…
CBN Raises Interest Rate on Naira Savings Deposits to 30% of MPR.
The Central Bank of Nigeria (CBN) has announced an upward adjustment of the negotiable minimum interest rate;…
UBA Launches Innovative Experience Centre in Abuja, Nigeria.
Africa’s Global Bank, the United Bank for Africa has just launched a modern and future-forward Experience Centre…
ExxonMobil Assets: Oil Workers Commend FG’s Rejection Of Seplat Acquisition.
Oil workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of…
Crypto.com Gets UK Regulatory Approval.
Singapore-based cryptocurrency platform Crypto.com has registered with Britain's financial services regulator, the…