Browsing Category
Investing
DMO To Auction N150bn FGN Bonds Nov 17
DMO said this in a circular issued on Thursday.
It said the bonds will consist of three equal tranches worth N50…
Nigerian Currency Traders Ask Central Bank For Official Market Access
Nigeria’s bureau de change operators have asked the central bank to consider a framework that will enable them…
Gold Extends Gains As U.S. Inflation Surges
Gold prices edged higher on Thursday, extending a rally fuelled by a surge in U.S. consumer prices that spurred…
EU Forecast Sees Euro-Area Inflation Settling At 2.2% In 2022
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The…
Another Warning From Bank Of England As Bitcoin, Ether Hit Highs
The bitcoin price has reached a new record high, breaking through $68,000 and falling a touch to $67,920 at 11.05am…
MTN Nigeria, Dangote Cement, Others Opex Hits N1.5 Trillion Driven By Inflation,…
On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit…
SEC Urges Firms To Tap Islamic Capital Market
The Securities and Exchange Commission has advised corporate organisations to leverage the Islamic capital market,…
Indonesia’s Tech Giant GoTo Group Raises $1.3 Billion Ahead Of IPO Plans
Indonesia’s GoTo Group has secured $1.3 billion from investors in the first close of an ongoing funding round ahead…
Elon Musk Sells $5 Billion In Tesla Shares After Twitter Poll
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday,…
NNPC Plans To Rebuild Badagry Expressway Under Tax Credit Scheme
Nigerian National Petroleum Corporation (NNPC) has resolved to rebuild the Badagry Expressway under the Federal…
150,000 Farmers To Benefit As CBN flags Off Wheat Production Programme
The Central Bank of Nigeria (CBN) has flagged off the Nigerian Brown Revolution, an intervention programme to boost…
FEC Approves 2021-2025 National Development Plan, Projects N348.7tn Investments
The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved the 2021-2025…
Emefiele Woos Foreign Investors In France
The Governor, Central Bank of Nigeria, Godwin Emefiele, has invited foreign investors to consider Nigeria as their…
DoorDash Stock Rockets On Deal To Acquire International Delivery Platform Wolt For…
DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail,…
SoftBank Shares Rise Above 10%
SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it…
Nigeria Stock Market Investors Gain N643.1 Billion
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading on…
Rainoil Acquires Majority Stake In Eterna Plc
Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority…
FMDQ Securities Exchange Limited Partners With Luxembourg Stock Exchange
FMDQ Securities Exchange Limited has partnered with Luxembourg Stock Exchange (LuxSE) to facilitate the dual…
Delivery Platform Breadfast Lands $26 Million For Its Series A
The market for food and grocery delivery across Africa and the Middle East is worth nearly $1 trillion. And Egypt,…
OP Finnfund Backs Moroccan Healthcare Business
OP Finnfund Global Impact Fund I, a Finnish global emerging markets impact fund anchored by Finnfund, has invested…
Creadev Leads Series C Round For Twiga
Years ago, Americans spent most of their disposable income on food, but consistent investment in retail…
Nigerian Stock Exchange Dropped By 0.06 Percent
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer…
SolarWind Investors Sues Software Directors
SolarWinds Corp investors have sued the software company's directors, alleging they knew about and failed to…
Here’s What Citigroup to Goldman Say About Oil After OPEC+ Move
OPEC+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key…
U.K. House Prices Gain for a Fourth Month, Halifax Says
A shortage of homes for sale and a buoyant labor market are expected to underpin the U.K. housing market as…
U.S. Senate Introduce Bill To Limit Big Tech Mergers
Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com and other tech…
Gold Jumps 1% As Fed Signals Patience On Rate Hikes, BoE Holds Fire
Gold prices jumped 1% on Thursday after the Federal Reserve indicated it would be patient on raising interest rates…
MTN Group Concluded Plans To Sell 575Million Shares To Nigerian Investors
MTN Group, the parent company of Nigeria’s telecom giant, MTN Nigeria, which controls 40 per cent market share, has…
Square Shareholders Approves Issuance Of New Shares
Square Inc shareholders have approved the issuance of new shares for the U.S. company's $29 billion purchase of…
NIPC Announce $8.99 Billion Investment With Lagos State Topping The List With 81…
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in…