Browsing Category
Business
$20 Billion Indian Investments In Nigeria – Foreign Minister.
Indian Minister of State for External Affairs Shri Vellamvelly Muraleedharan has disclosed that Indian investments…
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…
Canadian Housing Starts Rise 1.1% In July.
Canadian housing starts surprisingly rose in July compared with the previous month, data from the national housing…
China Vows To Support Digitalisation Of 4,000-6,000 Small Firms By 2025.
China will support around 300 service platforms to help with the digital transformation of 4,000-6,000 small- and…
UK Inflation Tops 10%, Highest Since 1982.
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate…
China To Boost Economic Demand, Speed Up Infrastructure.
China will boost economic demand in a strong, reasonable and moderate manner; and accelerate infrastructure…
Automakers Scramble To Decode New U.S. EV Tax Credits.
U.S. Automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be…
Apple Sets Sept 5 Deadline For Employees To Return To Office – Bloomberg.
Apple Inc (AAPL.O) has set a Sept. 5 deadline for corporate employees to return to office at least three days a…
Exclusive: Tencent Plans To Divest Meituan Stake Worth $24 Billion.
China's Tencent Holdings (0700. HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm…
Sterling Barely Changed Following Conflicting Labor Market Statistics.
The British pound was little changed, having briefly fallen to its lowest level in over a week, after mixed data…
South Africa Network Provider Rain To Submit Merger Proposal To Telkom In Due…
South Africa's data-only network provider rain intends to submit a formal non-binding proposal to bigger rival…
Aegon Leads Gains Among Insurers.
European shares edged higher after a strong rally in the previous session on signs of U.S. inflation cooling,…
China’s July Auto Sales Extend Recovery, Jump 30% As COVID Curbs Ease.
China's auto sales surged 29.7% in July from a year earlier to 2.42 million units, extending a recovery that began…
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…
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'…
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…
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…
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…
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…
Half Year: Dangote Sugar Posts N29:73 Billion Profit.
Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has recorded a profit before tax (PBT) of N29.73…
Dangote Cement Deploys Grinding Plants In Ghana, Cote D’Ivoire.
The Chief Executive Officer, Dangote Cement, Michel Puchercos, has said the company is boosting production in its…
Art Hotel Will Promote Nigerian Arts, Crafts
Minister of Information and Culture, Lai Mohammed, has said that the newly inaugurated Art Hotel in Lagos; will…
Transcorp Records N13.36bn Profit.
Transnational Corporation Plc has said it recorded N13.36bn profit before tax in the first six months of 2022.
…
Guinness Nigeria Boosts Revenue From Sales of Malta, ‘Ready to Drink’ Brands.
Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June…
2022 Half Year: MTN Reports N181 Billion Profit In 6 Months.
Nigerian telecommunication company, MTN Nigeria has reported a total profit of N181 billion for the first half of…
Telecom Italia’s Network Boss Expected To Leave Company.
The head of Telecom Italia's (TIM) (TLIT.MI) network is expected to leave after the summer; in a move…
Nissan’s Operational Profit Fell By 14% In The First Quarter.
Nissan Motor Co's (7201.T) first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million); the…
Atiku Proposes $10 Billion Economic Stimulus Fund To Support Agriculture,…
Atiku Abubakar, the presidential candidate for the Peoples Democratic Party, has stated that within the first 100…
U.S. Retailers Tumble After Walmart Cuts Profit Forecast.
A profit warning by Walmart (WMT.N) ignited a sell-off in shares of major U.S. retailers late, quickly…
Amazon To Raise Prime Prices In Europe As Retailer Wrestles With Costs.
Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to…