Category: Market
Tesco Website And App Down After Online Hack Attempt
Tesco’s online grocery store website and app have been removed by hacking attempts, retail giants said. The supermarket chain said…
Dangote Cement Plc: PAT Of N191.6 Billion
Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021.…
Facebook To Pay For News Content In France
Facebook said Thursday it had reached an agreement with some French newspapers to pay for news content shared by its…
Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case
At the hearing in Lagos on Wednesday, the administrative court said it was satisfied that MultiChoice had complied with the…
Facebook, Twitter, Other Social Media And Digital Advertising Companies Stocks Drop
Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in after-hours trading, after Snap reported it missed revenue expectations…
IMF Project 2.7 Percent Economic Growth For Nigeria In 2022
The International Monetary Fund, IMF, has projected a 2.7 per economic growth for Nigeria in 2022 and 2.6 per cent…
Exxon Mobile Reduce Production In Chad
Exxon Mobil said on Wednesday it had temporarily cut back production at its unit in Chad and reduced staffing in the…
German software giant “SAP” Q3 Revenue Is 20% Above 2020 Q3 Revenue
German software giant SAP on Thursday posted a jump in revenue at its fast-growing cloud unit, which helped boost the company’s earnings…
Turkey And Nigeria Sign A Bilateral Agreement On Improving Security And Trade
The need to improve security and trade between Nigeria and Turkey formed the highlight of the bilateral agreements signed yesterday…
Evergrande Shares Dropped By Over10 Percent
China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its…
Bitcoin Hit All Time High
Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded…
China’s Yuan ouches Firmest Point Since June After Strong Fixing
China’s yuan briefly rose to its highest point against the U.S. dollar in more than four-and-a-half months on Wednesday after…
Chinese Exporters Hikes Price By 10%
Chinese exporters are hiking prices, injecting inflation risk into a global economy already hit by supply chain and shipping disruptions. At…
Rising Transportation,Shelter And Food Price Push Canada Inflation Up By 4.4%
Canada’s annual inflation rate accelerated to an 18-year-high in September, driven by rising transportation, shelter and food prices, data showed…
Dollar Drops As Rate-Hike Bets Profilerate Elsewhere, Yuan Hits 4-Mth Peak
The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets, while…
Mortgage Demand Drop By 6.3% Due To Increase In Mortgage Interest Rate
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell…
Sterling Hits One-Month High Vs Dollar As UK Rate Hike Anticipation Builds
Sterling hit a four-week high against the dollar on Tuesday as expectations mount the Bank of England (BoE) will hike…
Bitcoin Hit $64,241 After ETF Listing
The price of Bitcoin surged, near the all-time high after ProShares Bitcoin Strategy ETF, the first bitcoin-linked exchange-traded fund (ETF)…
Commercial Fifth Generation (5G) Network Is Now Serving More Than 500 million subscribers
Commercial Fifth Generation (5G) network deployment is now in 176 countries around the globe, serving more than 500 million subscribers.…
E-Naira Will Be Available To All Nigerians: CBN
The Central Bank of Nigeria has said the eNaira will be available to Nigerians without Internet-enabled phones. The CBN disclosed…
Release Of New Chip Surge Alibaba Shares
Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports that its founder Jack Ma traveled to Europe and after…
Association of Nigerian Electricity Distributors Lose N97 Billion In Q1
Electricity distribution companies have said a total of N97bn was lost in the first quarter of this year to energy…
Top 50 Brand Recognition For MTN Nigeria and Dangote Group
Dangote Group and MTN Nigeria Plc have been recognised for their brand image and presence in the Nigerian market by…
Chinese EV Maker Xpeng’s Flying Car Aim To Roll Out In 2024
HT Aero, the flying car company backed by Chinese electric carmaker Xpeng Inc. and its founder, raised more than $500…