Forex Volatility, Inflation Hampering Investor Confidence
The volatility of the dollar in the forex market is taking its toll on micro, small and medium enterprises (MSMEs),…
Category: Business
Roblox Restores Service After Outage That Lasted Three Days
Roblox restored its services Sunday following a major outage that lasted for three days. Roblox, an online platform which lets…
Central Bank of Nigeria Commence 100 For 100 Policy On Production And Productivity
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of…
China’s Yuan Steadies After Best Month In Five, Market Awaits Fed Meeting
China’s yuan steadied against the dollar on Monday after posting it biggest monthly rise in five in October, as investors…
Xpeng Hong Kong Shares Soar High After Delivery Of More Than 10,000 Cars
Xpeng said it delivered more than 10,000 cars in October, sending its Hong Kong shares higher on Monday The electric…
BOE Rate Hike Hinges On The Views Of Two Quiet Deputy Governors
The fate of a potential Bank of England interest increase rate on Thursday could lie in the hands of two…
Sega Says It’s Exploring A Strategic Alliance With Microsoft
Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using…
Investor Group Partners For Sustainable Finance Facility For Greenlight
Standard Bank Group, Citi, CDC Group Plc and Norfund have teamed up to provide a $75 million equivalent Kenyan shilling-denominated…
Pearl Capital Backs Poultry Business With Mix Of Equity And Debt
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, has struck its third deal in as…
Johnson And Johnson Accrued $800 Million Legal Expenses In Q3
Johnson & Johnson said it has settled most of the lawsuits it faced by thousands of men who claimed its…
American Airlines Canceled Over 1400 Flight , Plan To Increase Staffing
American Airlines said on Saturday it has canceled more than 1,400 flights over the weekend due to staff shortages and…
New EXEO Platform Buys Minority Stake In Artisanal Cheese Business
African mid-market private equity firm EXEO Capital has struck its second deal this year and the third over the last…
CBN: Credit To Private Sector Reached N33.84trn In September
The Banking sector credit to the private sector increased month-on-month (M-o-M) by N425.9 billion to N33.84 trillion as of September,…
Nigeria’s Presidential Clinic To Gulp N21bn – State House Perm Sec, Tijjani
The Permanent Secretary, State House, Malam Umar Tijjani, has revealed that the proposed 14-bed Presidential Clinic, also known as Aso…
Euro Hovers Ahead Of ECB Meeting, Yen Looks Past BOJ Doves
The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’…
Facebook Is Rebranding, Changes Name To Meta
Facebook has changed its name to Meta as part of a major rebrand. The company, which announced the change at…
Meta Material Share Spike After Facebook Change Of Name To Meta
Meta Materials spiked late on Thursday, for the same reason that Zoom Technologies rallied in 2019 and Signal Advance surged…
Diesel Landing Cost Has increased To N336.45 Per Litre: Oil Marketers Association Of Nigeria
The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association…
Panic As Bitcoin Crashes, Wiping Millions Of Pounds In Cryptocurrency Markets
Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a…
FBN Holdings Appoints Fidelity Bank Plc Immediate Past Managing Director (Nnamdi Okonkwo) As Group Managing Director
The board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past managing director of Fidelity Bank Plc, Mr. Nnamdi…
Net Foreign Exchange(FX) Inflow To Nigeria Economy Increased To $3.08Billion In July – CBN
Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38 billion in…
World Bank Disagrees With CBN On Multiple Exchange Rates, Others
The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to…
NNPC Gets Approval To Fix 21 Federal Roads At N621.2bn
Vice President Yemi Osinbajo has in the course of presiding over the Federal Executive Council (FEC) meeting, directed the Nigerian…
Nigeria Stock Exchange Query FBN Holdings Over Shares
The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for classifying…
MultiChoice Africa Holdings Rejects Tribunal Tax Appeal Ruling
MultiChoice Africa Holdings, the parent company of MultiChoice Nigeria, has rejected the ruling of the Tax Appeal Tribunal, which dismissed…
World’s Biggest Maker Of Electric-Vehicle Batteries Report Profit That Exceed Analyst Estimate
Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of electric-vehicle batteries and a key supplier to Tesla Inc., reported…
How ENaira Will Affect Banking Sector -Economists
Economists have said that the e-Naira, when rolled out, will have far-reaching implications for the future of the banking sector…