Private Sector To Provide N298.3tr Needed For 2021 –2025 NDP
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total spend. Specifically,…
Category: Business
Amid Currency Crisis, Nigeria Reserves Gain $5 Billion In 2021
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600 million in December…
Spain’s Annual Inflation Jumps To 6.7% At End Of 2021, Highest Since 1989
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation since…
Defensives And Tech Lend Support To STOXX
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors…
IPhone 14 Series To Ditch Physical SIM Card Slot In Favour Of ESIM – Report
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to…
Seven Companies Delist, Three Lists On NGX In 2021
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation…
Riot Games Agrees To Pay $100 Mln To Settle Gender Discrimination Lawsuit
Tencent Holdings’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination…
Nigeria’s Solar Industry Growing, Says US-Nased Firm
A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power industry is growing and…
Swissmedic Approves J&J COVID-19 Vaccine Booster
Swiss drugs regulator Swissmedic said on Monday it approved booster doses for Johnson & Johnson’s COVID-19 vaccine in people 18 years…
Elon Musk Sells Another $1bn Worth Of Shares In Tesla To Clear Tax Bill
Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle manufacturer for $1.2…
Turkish Central Bank Says To Support Conversion Of Gold Deposits To Lira
The Turkish Central Bank said on Wednesday it had decided to provide an incentive to those who convert their gold…
Rivian Delays Deliveries Of Pickup, SUV With Big Battery Packs To 2023
Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023,…
Nigeria Govt Should Support Businesses To Revive Economy’
The Group Managing Director/Chief Executive Officer, CFL Group, Mr Lai Omotola, has said it is important for the government to…
Austria’s S&T Hires Deloitte For External Audit After Activist Investor Report
Austrian IT company S&T has commissioned Deloitte to conduct an external audit following allegations made by activist investor Viceroy Research,…
Starboard Acquires Stake Worth $800 Mln In GoDaddy
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800 million, according…
Didi Bars Employees From Selling Shares Indefinitely
Chinese ride-hailing giant Didi Global has barred current and former employees from Employees will not be able to sell shares until…
Japan’s Shionogi Starts Phase III Clinical Trial In Vietnam For Covid-19 Vaccine
Japan’s Shionogi & Co. Ltd announced on Monday that phase III of its clinical trial for a new COVID-19 vaccine…
MTN Nigeria Launches RCS Business Messaging With Google, Dotgo
MTN Nigeria is all set to launch RCS Business Messaging (RBM) Services in partnership with Google and Dotgo. Dotgo is…
TikTok Surpasses Google To Become The Most Visited Site In 2021
According to Cloudflare’s 2021 Year in Review internet traffic statistics, popular video-sharing app TikTok has surpassed Google to become the…
Mobile Gaming Company, i3 Interactive Inc, Records Growth Of 45,000% In A Trading Day
Canadian mobile gaming company, i3 Interactive Inc, recorded over 45,000% growth in share price after yesterday’s trading session. This comes…
Britain Announces £1 Billion Aid To Omicron Hit Businesses
Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of…
Russia Fines Twitter For Not Deleting Banned Content, Says Court
A Moscow court on Thursday said it had fined Twitter 3million roubles for failing to delete content Russia deems illegal.…
Petrol Subsidy Rises, Hits N1.16tn In 11 Months
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November this year,…
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 data obtained…
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 have to pay a…
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 omicron Covid variant. Japanese…
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 to…
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 that…
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 share, or…