Roughly Three-quarter of Twitter’s Staff Will be Laid Off.
The Washington Post stated that a $44 billion purchase of Twitter by billionaire Elon Musk may result in a wave…
Category: Market
Putin Says Russia has Enlisted 222,000 Men In The Military.
Russia’s partial mobilization is almost over, it will be completed in about two weeks. By now 222,000 men out of…
Central Kiev Hit by Kamikaze Drones
Mayor Vitaly Klitschko has confirmed that several explosions rocked central Kiev amid reports of a new wave of drone strikes;…
Russian Military Confirms Major Prisoner Exchange With Ukraine.
As part of a significant prisoner exchange with Kiev, a total of 110 Russians have returned home from Ukraine; this…
China Stops Providing LNG Energy to the EU as Winter Approaches.
Bloomberg reported that China has instructed its state-owned gas importers to halt reselling liquefied natural gas (LNG) to international customers;…
Nigeria LNG’s Force Majeure Status, According to Portugal’s Galp, Might Affect Supply Chains.
Portugal’s oil and gas company Galp Energia said it may face additional sourcing disruptions after Nigeria LNG declared force majeure…
Ghana’s Cedi Ranks Last in the World Against the Dollar.
As speculators continued to force foreign cash into the west African nation prior to an agreement with the International Monetary…
U.S. Lawmakers Accuse Trump Of Defrauding Country As President.
According to papers made available by the committee, the former president’s company, The Trump Organisation, charged the nation’s secret service…
First Public Flight of Chinese “Flying Car” Takes Place in Dubai.
In an effort to introduce its electric aircraft to global markets, Chinese electronic vehicle manufacturer Xpeng Inc.’ “flying car” performed…
United States Returns 23 Looted Items Back To Benin, Nigeria with Plans To Open an International Exhibition.
Through the National Gallery of Art, the Rhode Island School of Design, and the Smithsonian National Museum of African Art,…
In September, Nigeria’s Daily Crude Oil Production Decreased to 937,766bpd.
Due to theft, Nigeria’s crude oil production output for the year remained dismal in September, with an average of 937,766…
The Oil and Gas Industry Receives The Most Bank Credit Allocation in 2021.
According to data from the National Bureau of Statistics’ (NBS) October 2022 report, the oil and gas industry was one…
In Just One Week, Airtel Africa’s Market Value Declines by N752 billion.
Following persistent sell pressure on the equity, Airtel Africa Plc, one of the largest telecom companies listed on the Nigerian…
Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.
Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home…
Profit for NPF Pension Fund Managers Reaches Five-Year High.
The rise in the return on equity, which is a sign that the Fund is managing investors’ money successfully, has…
Otedola’s Geregu Power Will Feature On The Nigerian Stock Exchange.
Geregu Power Plc will be listed on the Nigerian Exchange Group (NGX)’s Main Board. According to NGX, 2.5bn shares of…
CBN’s Multiple Exchange Rate Deters Foreign Investment In Nigeria, Says FG.
A major barrier to the operation of enterprises is the multiple exchange rate system and restricted access to foreign exchange.…
US Treasury Says Cryptocurrency Industry Might Endanger Financial Stability.
The US Treasury Dept’s Financial Stability Oversight Council (FSOC) has concerns on cryptocurrencies; and also their ability to affect the…
NATO Worries About Russian Plans to Test Belgorod Poseidon Nuclear Torpedo.
Initially intended to be a Project 949A Antey submarine, the nuclear submarine BS-329 Belgorod came to live. The longest submarine…
Oil and Gold Suffered Significant Q3 Losses.
After a surprise stronger U.S. Inflation reading for August bolstered predictions for more astronomical Federal Reserve rate rises, oil investors…
NNPC Increases Revenue to N674 Billion in 2021.
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, said that the NNPC’s corporate profit after tax…
Russian Oil Price Cap Adopted by EU.
According to Politico Europe, which cited diplomatic sources, the EU has tentatively agreed to set a price ceiling on the…
Nigerian Banks Experience Earnings Drop Following Latest Policy Rate Increase – S&P.
The Central Bank of Nigeria (CBN) increased its main monetary policy rate by 150 basis points (bps) on September 27.…
Musk Introduces a Humanoid Robot.
Elon Musk, the founder of Tesla and SpaceX, unveiled a prototype robot dubbed “Optimus”; that will likely be produced in…
Ethiopian Airlines Becomes A key Investor In Nigeria Air.
The Nigerian government announced that Ethiopia Airlines is the preferred bidder for Nigeria Air; as it gets ready for the…
Drone Assassinations Are Legal in Israel.
IDF commanders will be permitted to employ drones “to carry out strikes should armed individuals be recognized as posing an…
Stocks Slide, Dollar Spikes.
September got off to a bumpy start as persistent worries about rising global interest rates and recessions hounded stock and…
Jobs Jolt In The United State.
A look at the day ahead in U.S. and global markets from Mike Dolan. Whatever quarterly growth statistics are showing,…
Europe’s Alternatives If Russia Cuts Off Gas Supply.
The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo maintenance from Aug. 31-Sept. 2, prompting concerns…
Why China Locked Kenya Out Of New Debt Relief Deal.
The elevation of Kenya to the middle-income status saw China lock the country out of a new list of African…