Turkish Lira Hits All-Time Low Before Country’s Central Bank Meeting
The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting.…
Category: Market
Ford Partners With GlobalFoundries To Increase Chip Supplies
Ford Motor plans to increase its short- and long-term supply of semiconductor chips through a…
Bitcoin Needs To Drop 80% Before Marathon Loses Money On Mining
Bitcoin has a long way to drop before mining the digital token becomes unprofitable for…
Alibaba Misses Expectations As Earnings Plunge 38% In The September Quarter
Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth…
Emirates Could Return To Nigeria Under New Testing Agreement
The end of a travel ban between The United Arab Emirates (UAE) and Nigeria could…
China’s WeRide To Launch Robotaxis On GAC’s Ontime Ride-Hailing App
WeRide, a China-based autonomous driving startup, said on Thursday it plans to make its robotaxis…
Nigeria To Exploit $10.5bn Potential In Shipping Industry
With its long coastline, unique location, large oil and gas deposit, large and growing population, among…
Fuel Scarcity Looms Across Nigeria As Abuja Groans
Scarcity of Premium Motor Spirit (PMS) worsened in Abuja, yesterday, amid signs the trend could…
U.S. FTC Says Court Should Allow Antitrust Lawsuit Against Facebook To Proceed
The U.S. Federal Trade Commission said on Wednesday that a federal court should allow an…
CBN Signs Up 488,000 ENaira Wallets, 78,000 Merchants Globally
Transactions cross N60m as experts express reservation over economic impacts Apex Bank explains its intervention…
Oil Exploration: NNPC Gets $1.04 Billion Facility From Afreximbank
The African Export-Import Bank, Afreximbank, has signed a $1.04 billion dollar facility with the Nigerian…
Ardova Issues N25.3bn Bonds, Completes Enyo’s Acquisition
Ardova Plc has issued N25.3 billion fixed-rate bonds to fund its expansion project in the…
Nigeria’s Remittance Inflow Rebounds, Hits $17.6bn, Says W’Bank
Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to…
Inflation May Push 91 Million Nigerians Below Poverty Line – W’Bank
The World Bank says the general increase in food prices which occurred between June 2020…
ENaira Will Reduce Tax Evasion, Says CITN
The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has said the introduction…
25 Million Nigerians Will Be Taken Out Of Poverty’ – Osinbajo
The Vice President, Professor Yemi Osinbajo, has said that the Nigerian Diaspora Investment Summit (NDIS)…
Nestle Loses N7.93 Billion In Market Value As Share Price Drops By N10
At the end of today’s trading session, Nestle Plc share price depreciated by 0.71% to…
Amazon To Stop Accepting Visa Credit Cards Issued In UK
Amazon.com Inc will stop accepting payments made using Visa Inc credit cards issued in the…
Baidu Quarterly Results Top Estimates On Ad Sales, AI
China’s Baidu Inc beat Wall Street estimates for quarterly revenue and adjusted profit on Wednesday,…
How Euro-Area Inflation Could Overshoot 2% In 2023
European Central Bank Governing Council member Pierre Wunsch just said that it “won’t take much”…
Dubai Starts Issuing Five-Year Entry Permits For Foreign Workers
Dubai started issuing five-year multi-entry permits for employees of international companies, the latest in a…
Three Pharma Firms Rake $93.5m From Covid-19 Daily
Pfizer, BioNTech and Moderna are making combined profits of $93.5million daily from their highly successful…
FMDQ Lists MTN Nigeria’s N110bn Bond
FMDQ Securities Exchange Limited has agreed to list MTN Nigeria’s N110 billion series 1 senior…
$6b Bolt Shuns American Market, Focuses On Nigeria, Africa
America may arguably be the most stabilised economy by many indices, but $6b-valued ride-hailing company,…
Nigeria, Eight Others Top African Countries With High Airport Charges – Report
Nigeria and eight others have been ranked as African countries with high airport taxes, a…
Delta Airlines Records Surge In Bookings As US Opens Up
Delta Air Lines says it will be increasing flights from key European cities into the…
ENaira May Reduce Deposits In Commercial Banks, IMF Warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at…
BoI: We Disbursed N1trn Loans To Over 327,000 Businesses In Five Years
The Bank of Industry (BoI) says it has disbursed N1 trillion worth of loans to…
Vodafone Raises Free Cash Flow Guidance After ‘Solid’ First Half
Mobile operator Vodafone raised its forecast for this year’s free cash flow on Tuesday after…