E-Commerce “Sendbox” Raise $1.8 Million
An e-commerce fulfillment company for small merchants, Sendbox, has raised $1.8m to help small merchants fulfill their e-commerce orders. According…
Category: Market
European Market Trading Week Start On A Dull Movement
European stocks pulled back on Monday as global markets geared up for more big earnings reports. The pan-European Stoxx 600…
Facebook To Create 10,000 Jobs In European Union Over The Next Five Years
Facebook plans to create 10,000 jobs in the European Union over the next five years in a push to build…
OPPO Launches New IOS
OPPO, a Chinese consumer electronics and mobile communications company, has launched a global version of its ColorOS 12. According to…
Bitcoin Tops $60,000, Nears Record High, On Growing U.S. ETF Hopes
Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident…
Nigeria Stock Exchange Market Capitalisation Rise By N41.06 Billion
The market capitalisation of equities in the Nigerian Exchange Limited rose by N41.06bn on Thursday as investors’ trading volume jumped…
Powell Still Favorite For Fed Reinstatement But Investors Examine Alternatives
Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering…
Naira Depreciate By 0.19 Percent
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.…
United Wholesale Mortgage Stop Plan To Accept Payment In Crypto
U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made…
Oil Drops On Worries Inflation May Dent Fuel Demand Growth
Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural…
Australian Shares Snapped Three Straight Sessions Of Losses
Australian shares snapped three straight sessions of losses on Thursday, helped by tech stocks and a near 5% jump by…
Despite Forex Scarcity Fuel Imports Consumed $690 Million In Eight Month
As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn,…
Subsidizing Fossil Fuels Encourage Overuse Of Fuels: President Of World Bank Group
The President of the World Bank Group, David Malpass, has called against fossil fuel subsidies, adding that subsidised fossil fuels…
U.S. Beats China To Become Top Destination For Bitcoin Miners
The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it…
Nigerian Stock Exchange: Equity Market Gain N95.34 Billion
The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following…
IHS To Become Largest African Company On Wall Street
An African operator of mobile phone masts, IHS Towers might become the largest Africa-focused company on Wall Street if its…
World Bank – Low Income Countries’ Debt Rose To $860bn In 2020
The World Bank on Monday said governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and…
CSOs Ask FG To ‘Urgently’ Investigate Nigerians Named In Pandora Papers
Civil society organisations (CSOs) have called on the federal government to begin investigation into persons and companies named in the…
Nigeria’s Banking System Safe, Sound, NDIC Assures Despite Challenges
The National Deposit Insurance Corporation (NDIC) has declared that despite the devastating effects of the COVID-19 pandemic and other challenges,…
Naira Stable, Trades N570/$1 At Parallel Market Weeks After CBN/AbokiFX Row
Nigerian naira on Monday opened the week’s trading at N570 per dollar at the market – as vice president Yemi…
Reasons FG Can’t Stop Fuel Subsidy Now – NNPC, Marketers, Experts
The Nigerian National Petroleum Corporation, oil marketers, and experts on Sunday explained why the Federal Government could not stop the…
Stockbrokers To Chart Long-Term Financing Plan For Nigeria
Stockbrokers have concluded arrangements to support the government’s growth agenda by fashioning out a sustainable model for medium to long-term…
Nationwide Strike Suspended by NNPC
Nigerian petroleum tanker drivers have suspended a nationwide strike that was due to start on Monday to give negotiations a…
International Monetary Fund Board Decision Hangs Over Georgieva As Annual Meetings Begin
Data-rigging allegations against International Monetary Fund Managing Director Kristalina Georgieva were set to loom over the opening of week-long IMF-World…
European Market Experienced Change After A Wavy Week
The pan-European Stoxx 600 hovered around the flatline in early trade, with travel and leisure stocks shedding 1.1% while basic…
China’s Electric Car Startup Nio And Xpeng Reached 100,000 Production Within Six Year
China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days. U.S.-listed start-up…
Asia Shares Edged Higher, Rising Yields Lift Dollar As Oil Surges
Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses…