Lafarge Nigeria Makes 8.3% In Revenue Growth – 2020
Lafarge Africa Plc has said it recorded a sales revenue of N230.6bn in 2020. This shows 8.3 per cent revenue…
Category: Business
European Market Outpace Other Major Market
European markets advanced on Friday, outpacing other major markets as global investors continue to weigh the prospect of slowing economic…
United State Treasury Yields Rise Ahead Of Jobless Claims Figures
United State Treasury yields rose slightly on Thursday morning, ahead of the release of weekly jobless claims data. The yield…
China’s Yuan Falls On COVID-19 Outbreaks In Fujian, Disappointing Data
The yuan eased against the dollar on Wednesday, as outbreaks of coronavirus Delta variant infections raised concerns over China’s economic…
Federal Government Of Nigeria In Partnership With Konga
The Minister of Youth and Sports Development Sunday Dare during the signing of a landmark partnership between Konga and the…
Oil Palm Startup In Nigeria Raises $4 Million To Build A “Smart” Factory
Besides being a key ingredient for cooking jollof rice, vegetable oil is used industrially in paints, soaps, biofuels, and lubricants.…
Bureaus De Change Operator’s And $34billion Diaspora Remittances
The CBN should institute a framework that allows BDCs, which have automated their operations, to receive the estimated $34 billion…
Nigerian Minister Advocates Capital Punishment For Unlawful Miners
The Minister of State for Solid Minerals, Mines, Steel Development, and Metallurgy, Dr. Uche Ogah has called on the National…
Canadian Dollar Increased As Softer U.S. Inflation Data Clips Greenback
The Canadian dollar on Tuesday strengthened against its U.S. counterpart for a second day as oil prices rose and data…
Fail Retail Demand For U.S. Stocks Could Hit S&P 500
Retail investors’ appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing…
Nigeria: Phishing Attack On Business On The Rise Since The Start Of Pandemic
About 66 percent of Nigerian firms have reported an increase in phishing attacks since the pandemic started. Sophos, a cybersecurity…
U.S. Import Values Post their First Decline In Ten Months
U.S. import prices fell for the first time in 10 months in August amid a decline in the costs of…
Weber, Microsoft, Canadian National Railway Are Stocks Leading In Pre-Market
Weber (WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public…
China Data Casts A Fall Over Global Recovery, Prompting A Sharp Increase In UK Prices
Global stocks eased on Wednesday as weaker-than-expected Chinese data cast a pall over economic recovery and a spike in UK…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics…
S&P Futures Bounce After Four Days Of Losses, Dow Futures Gain 170 Points
United State stock index futures pointed to a market rebound on Friday, after the S&P 500 and Dow Jones Industrial…
Squeeze In Global Supply Value Chain Blamed As Supermarket Retailer Kroger’s Dip Margins
U.S. supermarket chain Kroger Co reported a slide in a main measure of profitability on Friday, blaming discounts, wastage and this…
Traders Chase Russian Oil To Fill U.S. Hole After Hurricane Ida
Trading houses are rushing to supply Russian Urals crude to the United States where oil production was hammered by Hurricane…
Amazon Hourly Employees Set To Enjoy 100% Tuition Fee
The e-commerce giant is following the lead of other large United state companies who are dangling perks like education benefits…
Tech Stocks, Rising Marketplace Debt See Inflows On “Stagflation” Bets
Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in…
U.S. Treasury Weather Legitimate Seeks Coverage Adjustments For Severe Weather
Climate-related weather events are costing American households, businesses and insurers billions of dollars in losses, and there is no sign…
Lira Falls Further On Dovish Central Bank Comments
Turkey’s lira fell further on Thursday after logging its worst session in four months in the wake of dovish comments…
Former Wells Fargo Executives Square Off With Regulator In Trial Over Bank Account Scandal
The civil trial of three former Wells Fargo & Co employees over their alleged roles in a scandal involving phony accounts…
Chinese Firms In Partnership To Deliver Self Driving Cargo Vans
The strategic partnership between Chinese autonomous driving start-up WeRide, automaker Jiangling Motors (JMC) a top carmaker and delivery firm ZTO…
Nobel Winner And Economist Stiglitz Says US Federal Reserve Chief Powell Should Go
For U.S. President Joe Biden to be true to his agenda he should not renominate Jerome Powell as Federal Reserve…
Pound Sterling Steadies As UK Parliament Backs Tax Hike
Sterling ticked higher on Thursday after British lawmakers backed Prime Minister Boris Johnson’s tax hikes and was set to end…
Canada Holds Interest Rates, Still Sees Economic Recovery
The Bank of Canada left rates unchanged on Wednesday and said it expects growth to strengthen in the second half…
Price Of Natural Gas Jumps To Seven Year High
U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season.…
Analysis: With GameStop Earnings On Tap, Options Traders Bet On Muted Moves
Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped…
Qualcomm CEO Working With Foundry Partners In Europe
Semiconductor supplier Qualcomm is open to working with foundries in Europe if incentive programmed to boost automotive chip production on…