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Russia’s Yandex Eyes $6.5 Bln Annual Revenue In 2022 After FY Profit Slip
Russian internet giant Yandex on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects…
Banks’ forex ban: Dollar scarcity, inflation, firms’ closure imminent, experts…
Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop…
DFI Signs Off On Investment In Knife Capital’s Latest Fund
Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise…
Oil Price Rises To $95 A Barrel Amid Russia-Ukraine Tensions
Brent crude oil rose to $95 a barrel for the first time since October 2014 amid between Russia and Ukraine.
Brent…
UK Economy Grew 7.5% In 2021, Mostly Recovering From Its Pandemic Plunge
The British economy grew 7.5% in 2021, official figures revealed Friday, rebounding from its historic 9.4% plunge…
NNPC May Spend N201bn To Clean 170.25m Litres Of Dirty Fuel
The Nigerian National Petroleum Company Ltd. may need an estimated N201 billion worth of clean Premium Motor Spirit…
Naira Exchanges At N417.51 To $1 Officially
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday.…
Nigeria President Order That Importers Of Contaminated Fuel Be Held Accountable
President Muhammadu Buhari has ordered that those responsible for importing petrol with higher than normal amounts…
Facebook Asks Nigerian Customers To Update Records By Feb 25
Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT)…
PepsiCo, Coke Revenues Surge On Higher Prices, Inflation Casts Shadow
PepsiCo Inc and Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Thursday, supported by recent…
Coca-Cola Beats Quarterly Revenue Estimates
Coca-Cola Co reported quarterly revenue on Thursday that beat analysts' estimates, helped by higher prices for its…
Prioritise interest of investors’ — SEC tells capital market operators
Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market…
Ukraine Strategist Predicts How Oil Will Hit $120 Per Barrel
Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades…
Arla Foods And Partner Tolaram Group Agree To Build Dairy Farm In Kaduna, Nigeria
As part of efforts aimed at boosting local milk production, Arla Foods, makers of Dano Milk, says it has signed an…
Nigeria Reps Tells APCON, NAFDAC, Others To Monitor Online Drug Adverts
The House of Representatives has called on the Advertising Practitioners Council of Nigeria to liaise with social…
MTN Pays NCC’s 5G License Fee Before Deadline
MTN Nigeria has paid the 5G license fee ahead of the February 24 deadline issued by the Federal Government of…
Dangote Become The 91st Richest Man In The World
Aliko Dangote, Africa’s richest man in the last 8 hours has raked in N217.5 billion($523M) jumping to become the…
European Market Experience Little Change After Opening Bell
Europe markets opened flat on Friday as investors digested key updates from both the Bank of England and the…
OPEC To Raise Oil Production 400,000 Barrels Per Day
The Organisation of the Petroleum Exporting Countries and its Russia-led partners decided on Wednesday to raise oil…
Nigeria: Marketsquare Replaces Shoprite At Maryland Mall
Purplemaryland has said Marketsquare, a grocery retailer, will open its outlet at the mall following the exit of…
Dangote Peugeot Automobile Begins Operation In Nigeria
Dangote Peugeot Automobiles Nigeria Limited (DPAN) has started assembling vehicles in Nigeria, beginning with the…
Coinoil And Three Others Grew Their Revenue By 49.96 Per Cent
Four of the major oil marketing companies in Nigeria saw their combined revenue surged by 46.96 per cent last year…
European Markets Climb Amid Global Gains
European stocks moved higher on Wednesday amid positive momentum in global markets.
The pan-European Stoxx 600…
Chip Shortage: Volvo Sales Drop By 20.2 Percent
Volvo Car Group's sales fell 20.2% in January under pressure from the global component shortage, though demand for…
Panasonic Experience Rise In Operating Cost
Japan's Panasonic on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
MTN Record Oversubscription Of 139.47 Per cent In Share Sales
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc…
Nigeria App For US Stocks, Bamboo Raises $15million Series A funding
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million…
Naira Appreciates at Official Markets As FX Turnover Drops To Two-Week Low
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E)…
Amazon, AliExpress, Twitter, Zoom To Pay Tax On Profit Or Income Made In Nigeria
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services…