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Britain Announces £1 Billion Aid To Omicron Hit Businesses
Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the…
Petrol Subsidy Rises, Hits N1.16tn In 11 Months
The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and…
More Than 4.6 Mln Got Health Insurance Through ACA in 2021 -Biden
More than 4.6 million people gained health coverage in the United States in 2021 through the Affordable Care Act…
FG Rakes In N2.56tn From Petrol, Kerosene, Diesel Sales In 13 Months
The Nigerian National Petroleum Company Limited on Wednesday announced that it earned N2.56tn revenue from the sale…
Foreign Investors Withdraw N173.32bn From Stock Market
Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to October, official…
Investors Record N260bn Weekly Gain As 32 Stocks Rise
Investors in the Nigerian stock market gained N260bn as 32 firms saw their share prices rise at the end of trading…
Japan’s Nikkei 225 Jumps 2% As Investors Assess Omicron Risks
Shares in Asia-Pacific rose in Tuesday trade as investors continued to monitor the situation surrounding the…
China Cuts Lending Benchmark, Market Sees More Easing In 2022
China cut its lending benchmark loan prime rate (LPR) for the first time in 20 months on Monday.
The one-year…
Tesla’s Musk Says He Will Pay Over $11 Bln In Taxes This Year
Electric-car maker Tesla Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11…
Togo, Benin, Niger Paid Nothing For Nigeria’s Power Supply, Says NERC
The Nigerian Electricity Regulatory Commission has said the Republic of Benin, Niger Republic and Togo made no…
Nigeria’s External Reserves Fall By $440m In Two Weeks
The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures…
Naira Slides Ahead Of Yuletide, Exchange For 570/Dollar
The naira continued its downward trend as the dollar was sold for N570 in the parallel market on Tuesday.
Some…
UK Shares Head For Weekly Loss On Omicron Concerns, Inflation Risks
UK's FTSE 100 slipped on Friday and was on course for a weekly loss, as concerns surrounding the fast-spreading…
S&P Dumps Chinese Property Giant Evergrande Into Default
The poster child of China's property crisis China Evergrande Group was officially declared in default by credit…
Paxful Launch Gift Card Hub
Paxful has launched a gift card hub as a one-stop shop for trading gift cards on its platform.
According to the…
FG Approves €62m To Procure Transformers For Siemens Power Project
The federal executive council (FEC) has approved $1.9 million and €62.9 million for phase one of the presidential…
NBS Says Inflation Dropped Despite Increase In Prices
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last…
Stock Futures Tick Higher Ahead Of Key Inflation Data, Fed Meeting
U.S. stock index futures rose during early morning trading Tuesday after the major averages started the week in the…
Chinese Social Networking Giant “Weibo” Shares Tumbled More Than 9%
Hong Kong-listed shares of Chinese social networking giant Weibo tumbled more than 9% on Tuesday, as regulators…
Nigeria Regains Position As Crude Oul Output Increase
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil…
Impose Special Taxes On Alcohol, Cigarette – World Bank Tells FG
The World Bank has called on the Federal Government to impose special taxes on alcohol, cigarettes and…
RMB Teams Up With ZX Ventures To Back Non-Alcoholic Drinks Firm
South African financial services firm Rand Merchant Bank (RMB) has picked up an equity stake in The Duchess,…
Chinese Ride-Hailing App Didi To Delist From New York Stock Exchange
Following months of speculation, Chinese ride-hailing app Didi announced last week that it would delist from the…
VAT Generated Decreased By N11.75 Billion In Q3
The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three…
Old Mutual Private Equity Signals Proposal To Buy Long4Life
Shares in Long4Life, the company owned by entrepreneur Bidvest founder Brian Joffe, soared in trade on Friday (3…
Nigeria Stock Exchange Record N589 Billion Loss
The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks recorded price…
Crude Oil Price Falls Below $70 Per Barrel
The crude oil market continues to suffer from bearish sentiments caused by the new Omicron COVID-19 variant, which…
Nigerian Mining Sector Get $2Bln Investment Pledge From UAE Investors
Investors from the United Arab Emirates have pledged $2bn worth of investments into the…
Transnational Corporation Of Nigeria Record N13.467 Billion Profit After Tax In Q3
Transnational Corporation of Nigeria (Transcorp Plc) has posted a N13.467 billion Profit After Tax (PAT) for…