Meta (Facebook) Plans To Open It’s First Retail Store
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse…
Category: Market
Shares In Asia-Pacific Market Mixed; Bitcoin Touches Record High
Shares in Asia-Pacific were mixed in Monday trade following overnight gains on Wall Street that took the major indexes to…
CBN 100 For 100 PPP Maximum Is N5 Billion
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced initiative, called…
Rainoil Acquires Majority Stake In Eterna Plc
Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority shares in…
Cryptocurrency Market Now Worth Over $3 Billion
The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors…
Yuan Steady Against A Firm Dollar After Strong China Trade Data
The yuan hovered around 6.40 per dollar on Monday as strong Chinese trade data lent support and helped offset strength…
Customs Explores E-Naira For Duty Collection
The Nigeria Customs Service (NCS) has expressed readiness to begin collection of import duty with the e-naira that was recently…
Freight Forwarders Vowed To Resume Industrial Action
Freight forwarders have vowed to resume the suspended industrial action at the expiration of a new notice issued to international…
N4tr Power Liquidity Crisis: Stakeholders Urge CBN To Review Interventions
Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to continue…
CBN Confiscates 67,000 Counterfeit Naira Notes In 2020
Higher banknotes’ share of value of currency in circulation is 98% A total of 67,265 banknotes with a nominal value…
Japan Economic Stimulus Seen Topping $265 Billion, Require New Debt
Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain…
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 state-owned refiners withheld purchases because…
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 (BDCs), a total of six…
Still On Osinbajo’s Call To Float Naira
What other options do we have to increase the supply side of forex to the Nigerian economy, or do we…
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 them to electric, is set…
Nigerian Stock Exchange Dropped By 0.06 Percent
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods…
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 in bank charges and insurance…
Bitcoin Hit All Time High
Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on…
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 News reported on Friday, citing…
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 and other tech giants to…
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 of naira notes, valued at…
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 quota of members by 0.4…
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 Bank of Nigeria (CBN) over…
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 on raising interest rates and…
Kenyan Shilling And Zambian Kwacha Under Pressure
Kenya’s shilling and Zambia’s kwacha are likely to weaken in the coming week while the Ugandan shilling is expected to…
British House Prices Jump 0.9% In October
British house prices rose for a fourth month running in October in the latest sign of strong momentum in the…
Unilever Nigeria Recorded N58.7 Billion Q3 Turnover
Unilever Nigeria Plc has said it recorded a turnover of N58.7bn in the third quarter of 2021, compared to N44.7bn…
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 service bank (PSB) in the…