Browsing Category
Market
Chip Shortage Force Apple To Substitute Production Of Ipad Tablet For Iphone 13
Apple has cut back production of iPad tablets to allocate more components to the iPhone 13, a sign the global chip…
Dangote Cement Records 34.2 Percent Revenue Growth In Nine Month
Dangote Cement Plc, the largest Cement producer with nearly 48.6Mta capacity across Africa, published nine-month…
International Breweries Recorded 32.1% 2021 Q3 Revenue Growth
International Breweries recorded a revenue growth of 32.1% to N46.43 billion in the third quarter of 2021. This is…
Electric Vehicle Start-Up “Rivian Automotive” Targets $54.6 Million
Electric vehicle start-up Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its…
Introduction Of Hostile Economic Policies Drops Nigeria Volume Of Import Via Benin…
The volume of imports into Nigeria through its neighbor, Benin Republic, has continued on a downward slide through…
SEC Urge Stockbrokers To Create Innovative Financial Products
The Securities and Exchange Commission (SEC) has urged operators to create innovative financial products that would…
Equities Market Resumes November Trading On A Downturn Note
The equities market resumed trading for the month of November on a downturn note yesterday, as market…
Canadian Dollar Steadies As Speculators Turn Bullish On The Currency
The Canadian dollar barely moved against its U.S. counterpart on Monday as data showed
speculators turning bullish…
Insecurity, Others Cut Nigeria’s Foreign Investments To $875m, Lowest In 5 Years
The spate of security crises, a tough business climate, and policy inconsistency are among the factors that cut…
Oil Drops At Start Of Key Week As Biden Boosts Pressure On OPEC+
Oil fell as pressure mounted on OPEC+ to boost production when it meets this week and China released reserves of…
Oil Falls After China Releases Reserves Of Gasoline, Diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while…
Manufacturers Lament Forex Crisis Impact On Raw Materials Import
Manufacturers have lamented the impact of foreign exchange (forex) crisis on importing raw materials.
Speaking…
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),…
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…
Malaysia Stock Drops After Government Announcement Of One Off Windfall Tax
Malaysia stocks fell on Monday as the government announced a one-off “windfall” tax on companies to raise revenue…
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…
TLcom And 4DX Ventures Make Follow-On Deal For Autochek
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in…
Price Of Domestic Fuel Is Indexed To International Pricing Model: Nigeria LNG
Following worries over the hike in the price of cooking gas, the Nigeria LNG has explained that the price of the…
Saudi Arabia Oil Giant “Aramco” Record 158% Increase In Q3
Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the…
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…
Zenith Bank Profit Before Tax Gain 1 Percent
Zenith Bank Plc has reported a one per cent increase in its profit before tax to N180bn in the nine months ended…
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…
Net Foreign Exchange Flow Increased By $0.7 Billion In July
Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38…
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…
Diesel Landing Cost Has increased To N336.45 Per Litre: Oil Marketers Association…
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…
Net Foreign Exchange(FX) Inflow To Nigeria Economy Increased To $3.08Billion In…
Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38…
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 achieve its price…
Crypto Startup QuickNode Raises $35 Million In Series A Funding Round
Blockchain development platform QuickNode has raised $35 million in a Series A funding round, the company said…
World’s Biggest Maker Of Electric-Vehicle Batteries Report Profit That Exceed…
Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of electric-vehicle batteries and a key…