Unilever’s India unit warns of higher prices as costs pressure margins
Hindustan Unilever Ltd, India's largest consumer goods maker, warned on Tuesday that high inflation will dent its…
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Airtel Shareholders Earn N3.6 Trillion Year-To-Date On Positive Sentiment
Positive sentiment witnessed on shares of Airtel Africa Plc since the beginning of the year;has resulted in…
Essity Buys 80% Of Canada’s Knix Wear For $313 Million
Sweden's Essity on Friday said it had agreed to buy 80% of Canadian company Knix Wear. A maker of leakproof…
Stock Market Closes Flat, Valuation Up By N12 Billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Bears Maintain Dominance In The Stock Market As Valuation Dips By N16 Billion.
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Oil Tumbles 9% On Recession Demand Destruction Fears
Oil plummeted about 9% in the biggest daily drop since March on growing fears of a global recession and lockdowns…
Why Nigeria May Not Adopt Bitcoin As Legal Tender
In April 2022, the Central African Republic became the first African country to adopt Bitcoin as a legal tender.…
U.S. Chamber Of Commerce, Others Warn of Impracticalities In EU Subsidy Plan
European Union legislation targeting foreign state-backed buyers of European companies was prompted by fears of a…
Nigeria’s Economy Gaining Strength… But Inflation Will Remain High – IMF
Despite Nigeria's steady economic recovery, inflation, according to the International Monetary Fund (IMF), would…
Elon Musk Sued For $258bn Over Dogecoin Support
An investor in dogecoin, a cryptocurrency that began as a joke but grew in value championed by Elon Musk, filed a…
NNPC To Pay N874bn In June As Subsidy Hits N1.82tn- Nigeria.
Operators in the oil and gas sector remain uncomfortable with the continued rise in the amount spent in…
Metered Customers Rise To 4.7Million, Registration Stalls At 10Million.- Nigeria.
The exercise to register customers with electricity distribution companies has remained at 10 million for the…
Naira Falls Big To Lowest Level Year-To-Date At Official Market- Nigeria.
The exchange rate between the naira and the US dollar closed at N422.5/$1 at the Investors and Exporters (I&E)…
Banks reward savings accounts with 1.28%, lending hits 26.61%- Nigeria
The gap between the savings and lending rates in the banking sector widened by 25.33% in March- CBN.CBN money…
Kaduna, Rivers, 30 Others Attract Zero Foreign Investments In Q. – Nigeria.
Thirty-two states in Nigeria (Kaduna and Rivers) did not attract any foreign investments in the first quarter of…
180,000 Traders Lose $520 Million As Bitcoin Falls Below $25,000.
Over 180,000 traders lost approximately $520 million as Bitcoin traded below $25,000, a price point, not seen…
Contributory Pension Gains N640bn In Four Months, Hits N14tn- Nigeria.
Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn- National Pension…
FG Forecasts Cocoa Production To Rise To 500,000 Tonnes By 2024- Nigeria.
Nigeria's cocoa production is expected to increase from 340,000 tonnes to 500,000 tonnes by 2024, according to the…
Russia Forecasts Car Sales To Halve In 2022 – Ministry
Russia's Industry Ministry expects car sales to halve in 2022 as the country's automobile industry grapples with…
Real Estate Firm Inaugurates N5.6bn Estate For Oil Companies- Nigeria
Real estate developers, Brains and Hammers, has inaugurated a 101-unit mixed housing development named, ‘Coopeast…
Western Australia Gives Conditional Nod To Blackstone’s $6.3Billion Crown…
Australia's largest casino operator Crown Resorts Ltd (CWN.AX) said on Friday regulators in the state of Western…
Experts Urge Stakeholders To Practise Sustainable Insurance
The experts spoke at the maiden edition of the Chartered Insurance Institute of Nigeria’s program tagged,…
Mastercard Reveals New Partners For NFT Payments
Mastercard, a leading payment giant plans to use card payments to expand access to the non-fungible token (NFT)…
The Dollar Jumps To 20-Year High Against The Japanese Yen.
As investors build enormous positions against the Asian currency, the dollar rally has reached a 20-year high…
Tesla Goes Ahead With China Hiring Event After Musk Job Warning.
Tesla was proceeding with an online hiring event in China and added two dozen new job postings for the country.…
Oil Sticks Near Three-Month Highs Despite China Lockdowns.
Oil prices hovered near three-month highs on Thursday after parts of Shanghai imposed new COVID-19 lockdown…
Australia’s Central Bank Raises Interest Rate To 0.85%
The Reserve Bank of Australia has announced the greatest single hike in the cash rate in 22 years as it strives to…
Dollar Hits Fresh 20-Year Peak To Yen; Aussie’s Post-RBA Gains Fizzle.
The dollar rose for a second day versus the yen, hitting a new two-decade high, as concerns about rising inflation…
Turn Ex-Agitators Into Entrepreneurs, Amnesty Administrator Tells Contractors
The Interim Administrator, Presidential Amnesty Programme, Col. Milland Dixon Dikio (retd), has called on…
Panic In Crypto Market As Bitcoin Drops Below 30K, Nearly 80K Investors Burnt
The value of the crypto market plummeted below $1.3 trillion, pushing Bitcoin below $30,000.
Bitcoin was last…