U.S. Senate Approves Bill To Fight Climate Change.
The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change; lower drug prices and…
Author: akintunde
U.S. Fuel Retailers Rail Against Green Aviation Fuel, Tax Credit.
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion…
Shareholders Vote To Oust Chair Of Trian UK Investment Firm.
Shareholders of UK investment trust Trian Investors 1 Ltd (TI1) (TI1. L) have voted at an extraordinary general meeting to remove Chris…
Japanese Investors Were Big Buyers Of Foreign Equities In July.
Japanese investors purchased heavily in foreign equities in July, as global stocks rebounded last month on the back of positive…
EFCC battles black market to boost naira, local currency gains N60 to $1 within a Week.
After plummeting to an all-time low of N710.00 the value of the local currency in Nigeria increased dramatically this week;…
Nigerian Pension Fund Administrators Pay N49.5 Billion Taxes In 3 Years.
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021; a 15.6% increase…
Brent Crude Oil Posts Worst Weekly Decline Since April 2020.
The commodities market in 2022 has been nothing short of a rollercoaster ride, especially in the Oil and Energy market,…
$2 Billion Worth Of Cryptos Have Been Stolen In Bridge Hacks So Far In 2022.
A recent report by Chainalysis, a blockchain data platform that provides data, software, services, and research; to government agencies, exchanges,…
Bitcoin May Hit $30k In September Despite Headwinds.
The crypto market has been progressively improving since early July despite macroeconomic headwinds. As it temporarily reached the $ 24k…
Oil Price Falls, OPEC Raises Nigeria’s Production Quota.
The Organisation of Petroleum Exporting Countries raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels per…
Amazon Workers At UK Warehouse Walk Out Over Pay Offer, Union Says.
Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay.. “Amazon continues to…
Crypto Winter May Temper Fintech Earnings.
Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase (COIN.O). Block (SQ.N), as a chill in the cryptocurrency market adds…
Futures Steady After Rally With All Eyes On Labor Market Data.
U.S. stock index futures were trading flat on after a rally that made the previous session the best in a…
NNPC Sells N147bn Petrol, Diesel In One Month.
The Nigerian National Petroleum Company Limited said it made N147.36bn from the sale of petrol and diesel in October 2021.…
FG Generates N2.5bn Daily From TinCan Port – Nigeria Customs.
The TinCan Island Command of the Nigeria Customs Service has said that the command makes an average of N2.5bn daily.…
Importing What Nigeria Can Produce Threatens Economy – Customs
The Nigeria Customs Service has said that importing what the country can produce is a big threat to the economy.…
Magic Eden, Leading NFT Marketplace In Solana, Is Extending Into Ethereum.
Magic Eden, a unicorn cryptocurrency recently valued at $1.6 billion, is starting its multi-chain growth alongside Ethereum. The business recently…
If Recession Concerns Subside, The Canadian Dollar May Increase.
Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the…
Russia Becomes India’s Third-Largest Coal Supplier In July.
Russia became India’s third-largest coal supplier in July, with imports rising by over a fifth compared with June to a…
Hit By Rising Costs And Supply Snarls, Toyota Profit Tumbles 42%.
Toyota Motor Corp’s (7203.T) profit slumped a worse-than-expected 42% in its first quarter; as the Japanese automaker was squeezed between supply constraints…
Foreigners Cut China Debt, Dump Equities In July – IIF.
Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in four…
Italy To Approve $14.5 Billion Package Against Inflation.
Italy plans to approve on Thursday a new aid package worth around 14.3 billion euros ($14.5 billion); to help shield…
Stocks Steady As Markets Bet On Hefty Bank Of England Hike.
Strong earnings at Credit Agricole and Lufthansa lifted stocks as tension over Nancy Pelosi’s visit to Taiwan eased and markets…
How Fake Drugs Threaten Nigeria’s Multi-Billion Pharma Industry.
The National Primary Healthcare Development Agency, NPHDA, said that over 70% of medicines being dispense in Nigeria were substandard. The…
Twitter Queries Banks On Musk’s Attempts To Undermine $44 Bln Deal.
Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal;…
Brazil’s 3R Petroleum Subsidiary Agrees On $500 Mln Loan To Pay For Potiguar Oil Field.
Brazil oil company subsidiary 3R Lux agreed to a $500 million loan to pay for the country’s Potiguar oil field.…
PayPal Registers To Indonesia’s Licensing Rules, Access Unblocked.
U.S. payments firm PayPal (PYPL.O) has registered as an electronic systems operator in Indonesia; and its customers can now access its services,…
UBA Appoints New GMD.
United Bank for Africa Plc announced the appointment of Oliver Alawuba as its group managing director; overseeing all the Group’s…
AXA’s Shares Surge As Insurer Unveils Share Buyback And Higher H1 Profits.
French insurer AXA announced a new share buyback programme as it posted a 3% rise in first-half net profit, driving…
JPMorgan, Bank Of America Invest In L’ATTITUDE Ventures’ First Fund
L’ATTITUDE Ventures on Wednesday closed its first institutional fund raising over $100 million with an anchor investment; from Wall Street…