China’s Crude Oil Imports Plunged In Oct Fall To Lowest In Three Years
China’s crude oil imports plunged in October to the lowest since September 2018, as large…
Category: Market
CBN’s Suspension Of Foreign Exchange Supply To BDCs Boosts Banks’ Income As 6 DMBs Rake In N145.6bn
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes…
Still On Osinbajo’s Call To Float Naira
What other options do we have to increase the supply side of forex to the…
US-Based At One Ventures Leads Round For Electric Vehicle Manufacturer
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting…
Nigerian Stock Exchange Dropped By 0.06 Percent
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and…
MDA Bank Charges And Insurance Premiums Expected To Amount To N22.6 Billion
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn…
Bitcoin Hit All Time High
Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record…
Apple Employs Former Tesla Engineer To Boost Car Development Effort
Apple has hired a former engineer from Tesla Inc to boost its car-development efforts, Bloomberg…
U.S. Senate Introduce Bill To Limit Big Tech Mergers
Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com…
N58.6Billion Spent To Print N1.06Trillion In 2020 – Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) says it spent N58.618 billion to print 2.518 billion…
OPEC Raises Nigeria’s Oil Production Bar To 1.666mbpd
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) on Thursday raised the production…
Foreign Airlines Protest Withdrawal As Stuck Funds Hit N328 Billion
Foreign airlines operating in and out of Nigeria have taken their protest to the Central…
Gold Jumps 1% As Fed Signals Patience On Rate Hikes, BoE Holds Fire
Gold prices jumped 1% on Thursday after the Federal Reserve indicated it would be patient…
Kenyan Shilling And Zambian Kwacha Under Pressure
Kenya’s shilling and Zambia’s kwacha are likely to weaken in the coming week while the…
British House Prices Jump 0.9% In October
British house prices rose for a fourth month running in October in the latest sign…
Unilever Nigeria Recorded N58.7 Billion Q3 Turnover
Unilever Nigeria Plc has said it recorded a turnover of N58.7bn in the third quarter…
MTN Nigeria And Airtel Africa Plc Can Now Operate Payment Service Bank
MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a payment…
Uber Reported First Operating Profit As Driver Shortage Eases
Uber Technologies on Thursday reported its first profitable quarter on an adjusted basis since it…
Apple To End Mask Mandate In Some US Retail Stores
Apple will remove its mask mandate for customers at many U.S. retail stores from Friday…
Chip Shortage Is Hitting Hardware Development: Nintendo
Japan’s Nintendo Co Ltd said on Friday that a global chip shortage which forced the…
Chinese Markets Dragged On Asian Shares While Dollar Stands Tall
Chinese markets dragged on Asian shares on Friday as they failed to latch on to…
German Industrial Production Fall By 1.1 Percent Unexpectedly
German industrial production unexpectedly fell in September, official data showed on Friday, as supply bottlenecks…
United Kingdom Became The First Country To Approve Anti-Covid Pill
Britain on Thursday approved the use of Merck’s antiviral pill to treat patients suffering from…
N5.7 Trillion Spent For Darkness Eight Years After Privatisation In Nigeria
In what most industry players and consumer right groups, yesterday, described as payment for darkness,…
Federal Government Begins Clamp Down On Banks Aiding ‘Fiscal Carelessness’ Of States
The Federal Government may begin to clamp down on banks and other financial institutions aiding…
Debt Management Office To Issue N250Billion Sukuk Bond
The Debt Management Office (DMO) says it will issue about N250 billion Sukuk to finance…
Qualcomm Diversification Effort For Chip Portfolio Pay Off
Qualcomm Inc on Wednesday forecast better-than-expected profits and revenue for its current quarter on soaring demand…