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Adesina Hails Singapore’s Huge Investments In Africa
Akinwumi Adesina, president of the Africa Development Bank (AfDB), has hailed Singapore’s huge investments in…
Nigerian Banks Ask Customers To Return Unutilised Dollars Within 2 Weeks
Nigerian banks have asked customers to return unutilised dollars within two weeks from the day of purchase, in…
Oil Price Firms Before OPEC+ Policy Meeting
Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is expected to stick to a plan to…
Dutch E-bike Maker Van Moof Raises $128 Million To Expand
Dutch electric bicycle maker Van Moof on Wednesday said it has raised $128 million to expand production and speed…
Power Losses Stifle Oil firms Recovery Efforts After Hurricane Ida
Energy companies' efforts to get workers back to production platforms and refineries to make repairs after…
China To Step Up Financing Support For Small Firms
China will boost financing support for small firms by increasing annual relending quotas by 300 billion yuan…
Walmart To Hire 20,000 Supply Chain Employees As It Ramps Up For The Holidays
Walmart said Wednesday it plans to hire 20,000 employees to help keep merchandise moving ahead of the…
Google Delays Office Return Until January As COVID-19 Worries Linger
Alphabet Inc-owned (GOOGL.O) Google is extending its voluntary return-to-office policy through January next year,…
Dollar At 3-Week Lows As Traders Await Tapering Clues
The dollar was trading near three-week lows against a basket of currencies on Tuesday, as investors looked to U.S.…
Gold Prices Edge Back Towards 1-Month Peak As Dollar, Yields Slip
Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a weaker dollar and a…
Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks
Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the…
Stocks Sit Near Record Highs As Jobs Report Looms
A gauge of global equities headed for its seventh consecutive month of gains on Tuesday, but stocks and the dollar…
Euro Zone Inflation Surges To 10-Year-High, In Headache For ECB
Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the European Central…
Prosus Doubles Down On India With $4.7 Bln Deal For BillDesk
Prosus NV (PRX.AS) doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments…
Canada’s Economy Posts Surprise Contraction In Q2 Amid Election Campaign
Canada’s economy unexpectedly shrank in the second quarter and likely had far less momentum than had been expected…
Analysis: U.S. Liberals See Dwindling Legal Options To Challenge Voting Curbs
During the bitter legal battles over the 2020 presidential election, conservative U.S. Supreme Court justices…
Biden Administration Aims To Cut Costs For Solar, Wind Projects On Public Land
The Biden administration plans to make federal lands cheaper to access for solar and wind power developers after…
Digital Currency Gains Traction As Central Bank Of Nigeria Appoints Technical…
The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc.,…
Robinhood Shares Tumble After PayPal News, SEC Scrutiny Of Key Revenue Stream
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on…
Dollar Scarcity Drives Naira Further Down At Black Market
Naira weakened significantly against the U.S. dollar at the black market on Monday, as it touched an all-time low…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the…
CBN Selects Bitt Inc Digital Currency As Technical Partner For Digital Currency…
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as the Technical Partner for…
Foreign Portfolio Investments Drop On Forex Crisis
Foreign portfolio investments (FPIs) in Nigeria have dropped to their lowest level in more than eight years as…
Banks To Promote Adoption Of ENaira As CBN Mulls October 1 Pilot
Nigerian deposit money banks (DMBs) are set to market and promote the adoption of eNaira as a digital version of…
Slumping Asian Currencies Face More Risk From Slowdown In China
Hong Kong's shopping districts are dotted with money changers advertising their remittance services and conversion…
Tim Cook Receives Over 5 Million Shares Of Apple Stock Worth $750 Million
Apple CEO Tim Cook received more than 5 million shares of Apple stock this week, selling most of the stock for more…
Africa Lacks Production Capacity To Meet Local Demand For Oil Palm
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu…
Emirates Extends Suspension Of Flights From Nigeria Till September 5
Emirates Airlines has extended the suspension of flights from Lagos State and Abuja airports to Dubai till…
Dangote’s $2bn Petrochemical Plant To Produce 77 Grades Of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different…
Chinese A.I. firm SenseTime Files For Hong Kong IPO Despite Tech Crackdown And…
One of China’s top artificial intelligence firms SenseTime has filed for an initial public offering in Hong Kong.…