Australian Shares Snapped Three Straight Sessions Of Losses
Australian shares snapped three straight sessions of losses on Thursday, helped by tech stocks and a near 5% jump by…
Category: Business
Federal Inland Revenue Services Generated Revenues Worth N4.2 Trillion In Nine Month
Muhammad Nami, executive chairman of the Federal Inland Revenue Services (FIRS), says the agency generated revenues worth N4.2 trillion in…
Credit Card Reader “Sumup” Expand Across U.S By Acquiring Marketing Start-Up “Fivestars”
SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S.…
South Africa Telecom Provider “Telkom” Ends Partnership With Netflix
South Africa telecom provider, Telkom said Netflix will no longer be available on the South African phone and internet company’s…
IHS To Become Largest African Company On Wall Street
An African operator of mobile phone masts, IHS Towers might become the largest Africa-focused company on Wall Street if its…
World Bank – Low Income Countries’ Debt Rose To $860bn In 2020
The World Bank on Monday said governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and…
CSOs Ask FG To ‘Urgently’ Investigate Nigerians Named In Pandora Papers
Civil society organisations (CSOs) have called on the federal government to begin investigation into persons and companies named in the…
Nigeria’s Banking System Safe, Sound, NDIC Assures Despite Challenges
The National Deposit Insurance Corporation (NDIC) has declared that despite the devastating effects of the COVID-19 pandemic and other challenges,…
Naira Stable, Trades N570/$1 At Parallel Market Weeks After CBN/AbokiFX Row
Nigerian naira on Monday opened the week’s trading at N570 per dollar at the market – as vice president Yemi…
Reasons FG Can’t Stop Fuel Subsidy Now – NNPC, Marketers, Experts
The Nigerian National Petroleum Corporation, oil marketers, and experts on Sunday explained why the Federal Government could not stop the…
Stockbrokers To Chart Long-Term Financing Plan For Nigeria
Stockbrokers have concluded arrangements to support the government’s growth agenda by fashioning out a sustainable model for medium to long-term…
Oil, Gas Sectors Critical Part Of ESG Equation
ESG investing” has become incredibly topical with activist investors over the last couple of years, but while there is a…
Nationwide Strike Suspended by NNPC
Nigerian petroleum tanker drivers have suspended a nationwide strike that was due to start on Monday to give negotiations a…
International Monetary Fund Board Decision Hangs Over Georgieva As Annual Meetings Begin
Data-rigging allegations against International Monetary Fund Managing Director Kristalina Georgieva were set to loom over the opening of week-long IMF-World…
European Market Experienced Change After A Wavy Week
The pan-European Stoxx 600 hovered around the flatline in early trade, with travel and leisure stocks shedding 1.1% while basic…
China’s Electric Car Startup Nio And Xpeng Reached 100,000 Production Within Six Year
China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days. U.S.-listed start-up…
Asia Shares Edged Higher, Rising Yields Lift Dollar As Oil Surges
Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses…
Stone Three Get Funding From Venture Capital Firm “Knife Capital”
Cape Town-based Stone Three, an industrial internet of things (IoT) firm, has secured funding from venture capital firm Knife Capital…
AfricInvest Acquires Minority Stake In Royal Exchange General Insurance Company
AfricInvest, a leading Pan-African asset management company has announced the acquisition of a minority stake in Royal Exchange General Insurance…
Foreign Airlines To Reduce Number Of Ticket On Nigeria Route Due To Dollar Scarcity
As the naira crisis continues to worsen, foreign carriers operating in Nigeria have begun moves to reduce the total number…
Nigeria Equity Market Investors Gain N340.29 Billion
Investors in the Nigerian equities market earned N340.29bn as trading ended on the floor of the Nigerian Exchange Limited on…
Meituan Get $534.3 Million Fine From China’s State Administration for Market Regulation
Meituan shares surged over 9% on Monday, leading China technology stocks higher, after the food delivery giant was slapped with…
Europe’s Record Initial Public Offerings Year Has A Swindle In Its Tail
Europe’s record year for initial public offerings (IPOs) is threatening to come to a juddering halt as inflation fears and…
Stocks Slip Yet Holding Weekly Gain Ahead Of U.S. Jobs Data
European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary…
California Was A Difficult Place: Elon Musk On Moving Company’s Headquater
Chief executive Elon Musk announced the move at the electric carmaker’s annual shareholders’ meeting in Austin. Mr Musk had fallen…
Samsung Share Falls Due To Global Chip Shortage
Samsung Electronics shares failed to hold onto earlier gains on Friday after the company said its operating profit for the…
Tesla’s Gigafactory Electrifies California-Germany Culture Clash
With final approval for its German factory potentially just weeks away, Tesla. Elon Musk will make an appearance in the…
U.S. Lenders Expected To Report High Third Quarters Results, Iffy Loan Outlook
The largest U.S. lenders are expected to report moderately higher third-quarter profits next week as pandemic-related accounting adjustments that had…
China Forex Reserves Fall To Lowest Since April
China’s foreign exchange reserves fell almost 1% in September from the previous month, official data showed on Thursday, hitting their…
UK Online Grocer Ocado To Invest $13.6 Million In Driverless Technology Startup Wayve
British online grocer Ocado is investing 10 million pounds ($13.6 million) in self-driving technology startup Wayve and a partnership to…