U.S Gasoline Prices Fall Below $4 For First Time Since March.
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months,…
Author: akintunde
Nigeria Spends $2.35bn On Phone Importation – Report.
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent…
Confusion as anonymous crypto user sends US-based celebrities ether directly from banned Tornado Cash.
As the cryptocurrency world continues to debate whether or not the ban of Tornado Cash was good for the ecosystem…
Dangote Cement Shareholders Lose N409 Billion On Sell Pressure.
Negative sentiment witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange has resulted in shareholders of Dangote…
Nigerians Can Now Pay Utility Bills With Crypto – Rutherford Atayobo, CEO, Manilla Finance.
When Bitcoin was created, the motivation behind it was to break the bias and trend of the fiat banking system,…
Students Cheer As Online Translation Tools Add More African languages.
Ugandan IT student Andrew Njuki spent years hunched over English-language textbooks; often grappling with material that would have been easier…
Website Creator Wix.com Plans Cost Cuts As Q2 loss Narrows.
Wix.com (WIX.O), which helps small businesses build and operate websites; reported a smaller-than-expected second-quarter loss and announced a plan to sharply…
Thailand Hikes Rate For First Time Since 2018 To Tame Hot Inflation.
Thailand’s central bank raised its key interest rate for the first time in nearly four years; lifting it by a…
Nervous Calm As Dollar Prepares For Inflation Test.
Major currencies held steady, with traders cautious about placing large bets ahead of U.S. inflation data, which markets will scrutinise…
Demand For FX Derivatives Jumps As Central Banks Prep Rate Rises- CME Group.
Demand for currency derivatives has shot up this year, data from CME Group showed; in a sign investors are positioning…
UK’s FTSE 100 Steady Ahead Of U.S. Inflation Data.
UK’s blue-chip FTSE 100 was steady on Wednesday as investors digested mixed earnings reports. While caution reigned in global markets…
European Shares Dip As U.S. Inflation Data Looms; Ahold Jumps.
European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States,…
Toyota Says No Change To Plan To Produce 9.7 Mln Vehicles Globally This Year.
Toyota Motor Corp (7203. T) said it would hold to its plan to produce 9.7 million vehicles globally this fiscal year; even…
Britain’s Truss backs powers to override financial watchdogs, says FT.
Liz Truss, the front-runner to become Britain’s next prime minister, would give ministers powers to override financial regulators if they…
EXCLUSIVE Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal.
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents; and industry…
Ukraine Sees Big Increase In Agriculture Exports In July.
Ukraine’s grain, oilseed, vegetable oil exports rose 22.7% in July versus June to 2.66 million tonnes. Grain exports slumped since…
How Inflation Worsens Plight Of Nigerian Workers.
Workers have continued to groan under the adverse effect of inflation on their income. Economists define inflation as the rise…
Nigeria, Three Others Top World Bank Debtors’ List.
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal…
Crypto-Mixing Service, Tornado Cash, Blacklisted In The United States
The United States Treasury Department has announced today that it has banned American citizens from using Tornado Cash. A famous…
Petroleum Minister, Timipre Sylva, Says Nigeria Loses 400,000 Barrels Per Day To Oil Theft.
Rising cases of oil theft which has affected Nigeria’s earning capacity in a period of high crude prices could be…
Why Ethereum Is Gaining So Much Interest, Approaching $1,800.
Following the correction experienced last week, the price movement of Ethereum, the main altcoin, has begun to recover. After that,…
Institutional Investors Are Buying Ether As Merge Event Approaches.
For seven consecutive weeks, Institutional investors have been investing heavily into Ether-based digital asset funds; as these products have recorded…
Australia’s Central Bank Launches Digital Currency Project.
Australia’s central bank said it was launching a one-year research programme into the case for a central bank digital currency…
SoftBank Plans Vision Fund Job Cuts After Record Net Loss.
SoftBank Group Corp (9984. T) is planning to cut headcount at its flagship Vision Fund investing arm; CEO Masayoshi Son said, after…
S.Korea To Probe App Store Operators Over Suspected In-app Payment Violations.
South Korea’s telecommunications regulator on Tuesday said it plans to launch an investigation into app store operators such as Apple…
German Economy To Lose $265 Bln In Added Value Due To War, High Energy Prices-Study.
Germany’s economy will lose more than 260 billion euros ($265 billion) in added value by 2030; due to the Ukraine…
Exclusive: Bank of England Will Probably Need To Raise Rates Again, Ramsden Says.
The Bank of England will probably have to raise interest ratesto tackle inflation pressures; that are gaining a foothold in…
Cryptoverse: Blockchain Bridges Fall Into Troubled Waters.
Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto…
Former Centerview Banker Sues Firm For Records Over Pay Clash.
David Handler, a veteran banker who had built Centerview Partners’ technology advisory business; has filed a lawsuit against his former…
Tesla Sets Aug 25 As Trading Day For Shares
Tesla Inc (TSLA.O) said trading in its three-for-one split shares will start on Aug. 25; after the electric vehicle maker’s shareholders approved…