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Business
KPMG Escapes Record Fine Over Carillion, Regenersis Audit Checks.
KPMG was to pay 14.4 million pounds after the accounting firm admit to providing false information. To its…
Cryptoverse: Venture Capitalists Bet Big On Crypto.
It's not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are…
U.S. Business Activity Contracts In July For First Time In 2 Years, Survey Shows.
U.S. business activity contracted for the first time in nearly two years in July. As a sharp slowdown in the…
According to SundaysZeitung, Credit Suisse Plans To Make More Cost cuts.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled…
Cargill, Continental Close U.S. Chicken Deal.
Cargill and Continental Grain Co said that they had closed their deal to buy Sanderson Farms Inc (SAFM.O). This is…
In Argentina, Financial Risks Deepen Along With Investor Jitters.
Argentina's debt sank deeper into distressed territory, in just the latest week of sour financial news. This…
Genex Power In Australia Receives A $220 Million Takeover Bid From A Tech…
Australian renewable energy developer Genex Power (GNX.AX) has received an unsolicited A$319 million ($220…
UK Retail Sales Slip In June As Consumers Struggle With Inflation.
British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing…
Higher Expenses And A Labor Shortage Reduced Domino’s Pizza’s Profit.
Domino's Pizza Inc (DPZ.N) missed market estimates for quarterly profit as costs soared; and a staffing crunch…
Dangote Industries Successfully Completes N187Bn Bond Issuance
Dangote Industries Limited (DIL), one of the leading, diversified and fully integrated conglomerates in Nigeria…
Billionaire Investor, Ken Langone, Highlights Three Things All Businesses Need In…
Billionaire investor and philanthropist, Ken Langone has pointed out three core business principles that worked…
Official Exchange Rate Appreciates As Forex Supply Surges By 301% To $389 Million.…
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors.
Naira…
DMO Raises N124 Billion In July FGN Bond Auction As Investors Oversubscribe…
The Debt Management Office (DMO) has announced that it raised the total sum of N123.84 billion; in its Federal…
Citigroup Shares Surge On Profit Beat, Core Business Strength
Citigroup Inc shares surged over 10% on Friday after the third-largest U.S. bank posted a smaller-than-expected…
Finland’s Nordea Posts Profit Above Expectations
Growth in earned loan interests aided Finland's Nordea to a rise in second-quarter; operating earnings despite…
MTN, Airtel Win Big As 3,246 Subscribers Ported In May 2022
Data from the Nigerian Communications Commission (NCC) has revealed that a total of 3,246 subscribers. Who ported…
Celsius Has Paid $143 Million In Debt Since The Start Of Q3
Crypto lending platform, Celsius, has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol…
Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses
Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the…
Exxon Signals Operating Profits Could Double Over The First Quarter
Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel. So as, crude sales could generate a…
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security…
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In…
Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…
Banks Guaranteed N3.6 Billion Loans To Farmers Under The ACGSF – CBN.
The Central Bank of Nigeria announced banks guaranteed 28,830 loans valued at N3.6 billion to farmers. This is…
Nigeria Boosts Deep Blue Project, Signs $2.7m Deal With Japan.
In a bid to boost the deep blue project, the Federal Government of Nigeria has signed a $2.78m exchange of note…
Unity Bank Plans N10m Business Grant In Entrepreneur Initiative- Nigeria.
Unity Bank has said it will commence the eight edition of its flagship Entrepreneurial Development Initiative;…
Gartner Revises 2022 Mobile Sales Estimates To Fall 7.1%.
Gartner forecast global mobile phone sales to fall 7.1% this year, revising its earlier estimate of a growth of…
Nigeria’s Unclaimed Dividends Rises To N180 Billion
The Security and Exchange Commission (SEC) has stated that the commission is working to ensure it reduces the…
NAICOM Revokes Niger Insurance, Standard Alliance Licences, Appoints Liquidators
Following the failure of several palliatives to strengthen both Niger Insurance Plc and Standard Alliance…
China Vows Timely Policy Measures To Cope With Economic Risks.
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges; as COVID-19…
Elevator Maker Kone Divests Russia Business.
Finnish elevator maker Kone (KNEBV.HE) said it will sell its business in Russia to local management for an…