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Business
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official…
Nigeria Loses N499.32bn As Twitter Ban Hits 200 Days
Nigeria’s economy has lost N499.32bn to the shutdown of Twitter since it came into effect on June 4, 2021.
The…
Foreign Telcos To Pay $0.045 To Terminate Calls In Nigeria
Foreign telecommunications companies, telcos who wish to terminate calls to their counterparts in Nigeria, will now…
Japan’s Nikkei 225 Jumps 2% As Investors Assess Omicron Risks
Shares in Asia-Pacific rose in Tuesday trade as investors continued to monitor the situation surrounding the…
China Mobile To Raise Up To $8.8 Bln In Shanghai Listing
China Mobile the world's largest mobile network operator by total subscribers, said on Tuesday it aims to raise up…
Social Media App Parler Plans To Expand Into NFTs
Social media platform Parler said on Monday it will expand its business into non-fungible tokens (NFT), in a move…
Oracle To Enter Into It’s Biggest Acquisition Ever
Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per…
China Cuts Lending Benchmark, Market Sees More Easing In 2022
China cut its lending benchmark loan prime rate (LPR) for the first time in 20 months on Monday.
The one-year…
Tesla’s Musk Says He Will Pay Over $11 Bln In Taxes This Year
Electric-car maker Tesla Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11…
Facebook Pays Fines To Russia Over Banned Content
Facebook has paid 17 million roubles ($229,643) in fines owed in Russia for failing to delete content Moscow deems…
UK Shares Head For Weekly Loss On Omicron Concerns, Inflation Risks
UK's FTSE 100 slipped on Friday and was on course for a weekly loss, as concerns surrounding the fast-spreading…
S&P Dumps Chinese Property Giant Evergrande Into Default
The poster child of China's property crisis China Evergrande Group was officially declared in default by credit…
Paxful Launch Gift Card Hub
Paxful has launched a gift card hub as a one-stop shop for trading gift cards on its platform.
According to the…
Fintech Firm Unveils Budgeting Solution
Fintrak Limited, an indigenous software development and financial technology firm, has launched a budgeting…
Bank Of England Raises Interest Rate To 0.25%
The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain.…
Reps approve fresh $5.8bn loan, $10m grant for FG
On Tuesday, the House of Representatives approved external borrowings amounting to $5,803,364,553.50 and a grant…
Reddit Confidentially Files With U.S. Securities And Exchange Commission To Go…
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering…
Lack Of Seamless Access To Forex May Delay 5G Rollout
The Chairman, ALTON, Gbenga Adebayo, had disclosed at the NCC’s 2021 board and management retreat in November that…
NBS Says Inflation Dropped Despite Increase In Prices
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last…
MTN Shares: Shareholders Call For Extension
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange…
Unvaccinated Google Employees May Lose Their Jobs In 2022
Employees at Google have been threatened with pay loss – and even termination of employment – if they fail to…
Mortgage Refinances Fizzle As Interest Rates Resume Their Climb
A brief surge in mortgage refinance demand fizzled fast, after interest rates resumed their climb along with the…
Bank of England rejects major overhaul of cash system
The Bank of England has told top banks to clarify by March, on how they…
FT Names Elon Musk As ‘Person Of The Year’
Tesla Inc Chief Executive Officer Elon Musk has been named the Financial Times newspaper's "Person of the…
Australian Biopharmaceutical Giant “CSL Ltd” To Buy Swiss Drugmaker ”Vifor Pharma”…
Australian biopharmaceutical giant CSL Ltd (CSL.AX) said it would buy Swiss drugmaker Vifor Pharma AG (VIFN.S) for…
Tega Industries Jumps 66% On Debut After Bumper IPO
Kolkata-based Tega Industries Ltd, which offers products and services to the mining industry, made a stellar debut…
Elon Musk Sells More Tesla Shares
SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around…
Chinese Social Networking Giant “Weibo” Shares Tumbled More Than 9%
Hong Kong-listed shares of Chinese social networking giant Weibo tumbled more than 9% on Tuesday, as regulators…
Steelpack Deal Makes Two For Vuna Partners’ Maiden Fund
Vuna Partners, a sector-agnostic mid-market private equity firm which recently hit another milestone for its maiden…
Impose Special Taxes On Alcohol, Cigarette – World Bank Tells FG
The World Bank has called on the Federal Government to impose special taxes on alcohol, cigarettes and…