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Business

Dollar On Back Foot Vs Safe-Haven Peers As Delta Virus Spreads

Aug 3, 2021 0
The dollar was on the back foot against the safe-haven yen and Swiss franc on Tuesday after soft U.S. manufacturing…
Business

China’s Yuan Slips As Domestic Coronavirus Cases Rise

Aug 3, 2021 0
 China's yuan weakened on Tuesday as a surge of coronavirus cases of the Delta variant in the country…
Business

Businesses Face Many Challenges In Nigeria, Says US Envoy

Aug 3, 2021 0
The United States Consul General in Nigeria, Claire Pierangelo, has said that businesses in Nigeria face many…
Business

Marvell Tech To Acquire Innovium For $1.1 Bln As It Courts More Cloud Customers

Aug 3, 2021 0
Marvell Technology Inc (MRVL.O) on Tuesday said it has agreed to acquire chip startup Innovium in a $1.1 billion…
Technology

Amazon Warehouse Workers Overwhelmingly Rejected A Union. Now They May Vote Again

Aug 3, 2021 0
A U.S. labor board official has recommended a rerun of a landmark Amazon.com Inc (AMZN.O) union election in Alabama…
Business

UK Takeovers Hit 14-Year High In First Seven Months Of 2021

Aug 3, 2021 0
 Takeovers of British companies hit a 14-year high by value in the first seven months of 2021, Refinitiv data…
Business

Hong Kong Regulator Fines UBS $1.5 Mln For Compliance Breaches

Aug 3, 2021 0
Swiss bank UBS (UBSG.S) was fined HK$11.55 million ($1.5 million) by Hong Kong's securities regulator for failing…
Business

Hippo CEO Hopes Listing Will Fuel Better Insurance Coverage For Homeowners

Aug 3, 2021 0
Hippo Enterprises Inc (RTP.N) wants to change homeowners' insurance by using customer data to make it faster and…
Technology

Nigerians Spend Over N100 Billion On Browsing In 2020

Aug 3, 2021 0
The Nigerian telecommunication industry recorded significant growth in the year 2020, as Nigerians consumed a total…
World

Zoom To Settle US Privacy Lawsuit For $85 Mn

Aug 3, 2021 0
Zoom, the video conferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said…
Business

Senegal Seeks Nigeria’s Support To Develop Oil, Gas Sector

Aug 3, 2021 0
The Minister of State for Petroleum Resources, Chief Timpre Sylva, has commended the effort of the Senegalese…
Local

Senate Uncovers Irregularities In N1.1tr Federal Government Of Nigeria Investments…

Aug 3, 2021 0
The Senate has uncovered irregularities in N1.1 trillion Federal Government investments in Crown Agents Bank and…
Local

NNPC Set To Declare First Profit To Nigerians

Aug 3, 2021 0
The Nigerian National Petroleum Corporation (NNPC) has announced that it will declare its first profit to Nigerians…
Business

UAC Of Nigeria Reports N46.5bn Revenue In H1 2021

Aug 3, 2021 0
UAC of Nigeria Plc has announced N46.5billion revenue in its unaudited result and accounts for half year ended June…
Africa

Transcorp Hotels Records 84% Revenue Growth

Aug 3, 2021 0
Transcorp Hotels Plc has announced its un-audited financial statements for the half-year ended June 30, 2021.…
Investing

Stock Investors Reap N30bn As 18 Firms Gain

Aug 3, 2021 0
Equities listed on the Nigerian Exchange Limited gained N30.03bn at the end of trading on Monday, even as the…
Market

Anxiety Over Earnings Pushes Indices Up By N327 Billion In July

Aug 3, 2021 0
Anticipation of improved half-year (H1) earnings and accompanied dividend declarations triggered bargain-hunting on…
Technology

Twitter’s Dorsey Leads $29 Bln Buyout Of Lending Pioneer Afterpay

Aug 3, 2021 0
Square Inc (SQ.N), the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay…
Business

Crypto Sector Sees Outflows For 4th Week In A Row, CoinShares Data Shows

Aug 3, 2021 0
Cryptocurrency investment products and funds posted outflows for a fourth consecutive week, the bulk of which came…
Business

StanChart Resumes Dividends And Buybacks As Profit Recovers

Aug 3, 2021 0
 Standard Chartered PLC (STAN.L) posted a higher than expected 57% jump in first-half pretax profit and announced a…
Business

SSE Makes $1.7 Bln Scotia Gas Exit In Low-Carbon Push

Aug 3, 2021 0
Britain's SSE (SSE.L) on Monday agreed to sell its entire 33.3% stake in Scotia Gas Networks (SGN) for 1.225…
Business

Exclusive ADB, Citi, HSBC, Prudential Hatch Plan For Asian Coal-Fired Closures…

Aug 3, 2021 0
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising…
Business

CBN FX Policies Discouraging Foreign Investors—Muda Yusuf

Aug 2, 2021 0
The immediate past director-general (DG) of the Lagos Chamber of Commerce Industry (LCCI), Mr Muda Yusuf, has…
Local

ABCON Keeps Mum On CBN’s Sanction

Aug 2, 2021 0
Alhaji Aminu Gwadabe, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON), has…
Business

External Reserves Gain $280m In Two Weeks

Aug 2, 2021 0
The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest…
Business

Apapa, Tin Can Ports Independent Marketers Send SOS Over Customs’ Activities

Aug 2, 2021 0
Independent marketers at the Apapa and Tin Can Island seaports in Lagos have sent a distress call to the Federal…
Business

MTN Nigeria To Invest $1.5 Billion To Expand Broadband Over Three Years

Aug 2, 2021 0
MTN Nigeria plans to invest 600 billion naira ($1.5 billion) over the next three years to expand broadband access…
Business

Canada GDP: Economy Shrank In May But Picked Up In June With Reopening

Aug 2, 2021 0
Statistics Canada says real gross domestic product (GDP) contracted 0.3 per cent in May during lockdowns,…
Business

New CBN Forex Policy A Step In The Right Direction But…

Aug 2, 2021 0
Until recently, the Central Bank of Nigeria expended nearly half a billion dollars every month in meeting the…
Business

Russia’s Oil, Condensate Output Rises Amid Higher OPEC+ Quotas

Aug 2, 2021 0
Russia increased oil production in July for the first time in three months, after more generous quotas were…
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NIGERIA

Business

Nigeria Export Trade Struggles: Federal Constraints Undermine ₦128bn State Export Investments

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World

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