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Category: Market

Oil Drops Ahead Of Stocks Data, Iran Talks
BusinessMarketWorld

Oil Drops Ahead Of Stocks Data, Iran Talks

Oil prices edged lower on Tuesday after rising earlier in the day and analysts said prices were set to sustain…

byEkeminiOctober 27, 2021
Nigeria’s Per Capita Income Static In 40 Year – World Bank
BusinessMarketWorld

Nigeria’s Per Capita Income Static In 40 Year – World Bank

The World Bank made a startling revelation that Nigeria’s per capita income (PCI) has not improved in the last 40…

byEkeminiOctober 27, 2021
Nigerians Downloaded Over 200,000 Wallet In 24 Hours
AfricaBankingInvestingLocalMarketTechnology

Nigerians Downloaded Over 200,000 Wallet In 24 Hours

Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24 hours. This is according…

byakintundeOctober 27, 2021
Shares Of FBN Holdings Plc Rise By 127 Percent To 350,541,662
AfricaBankingBusinessLocalMarket

Shares Of FBN Holdings Plc Rise By 127 Percent To 350,541,662

The volume of activities on the shares of FBN Holdings Plc, the parent company of First Bank Nigeria Limited rose…

byakintundeOctober 27, 2021
Sterling Edges Up, Stuck Within Recent Ranges
BusinessMarket

Sterling Edges Up, Stuck Within Recent Ranges

Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited…

byEkeminiOctober 26, 2021
E-Naira – Emefiele Announces New ‘100 For 100’ Instrument
BusinessLocalMarket

E-Naira – Emefiele Announces New ‘100 For 100’ Instrument

President Muhammadu Buhari has launched the Central Bank of Nigeria (CBN) digital currency, the e-Naira. While launching the digital currency,…

byEkeminiOctober 26, 2021
What To Know About Nigeria Digital Currency
BankingLocalMarketTechnology

What To Know About Nigeria Digital Currency

On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central…

byakintundeOctober 26, 2021October 27, 2021
World Bank Frowns At Nigeria Plan To Spend N2.9tn On PMS Subsidy
AfricaLocalMarketTradeWorld

World Bank Frowns At Nigeria Plan To Spend N2.9tn On PMS Subsidy

The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on…

byakintundeOctober 26, 2021
Analysts Projects A Spike In FBN Holdings Share Price
AfricaBankingBusinessMarket

Analysts Projects A Spike In FBN Holdings Share Price

Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc…

byEkeminiOctober 25, 2021October 26, 2021
Nigeria: President Muhammadu Buhari Launch E-Naira
AfricaBankingBreakingBusinessLocalMarketTechnologyTrade

Nigeria: President Muhammadu Buhari Launch E-Naira

The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several…

byakintundeOctober 25, 2021
CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet
AfricaBankingBreakingLocalMarketTechnologyTrade

CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was…

byakintundeOctober 25, 2021October 25, 2021
Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent
AfricaBusinessInvestingLocalMarket

Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent

Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector of the…

byakintundeOctober 25, 2021
AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over
AfricaBankingBusinessInvestingLocalMarket

AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over

The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and $2.3 million…

byakintundeOctober 25, 2021October 25, 2021
HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent
BankingMarketWorld

HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent

HSBC on Monday reported third-quarter earnings that handily beat expectations and announced plans for a share buyback of up to…

byakintundeOctober 25, 2021
President Of Federal Republic Of Nigeria To Unveil  Central Bank Digital Currency Today
AfricaBankingBusinessLocalMarketTechnology

President Of Federal Republic Of Nigeria To Unveil Central Bank Digital Currency Today

President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State House, Abuja.…

byakintundeOctober 25, 2021
PayPal Says It Is  Not Interested In Acquiring Pinterest
BusinessMarketTechnologyWorld

PayPal Says It Is Not Interested In Acquiring Pinterest

U.S. payments giant PayPal said that it is not currently interested in buying social media platform Pinterest. Responding to what…

byakintundeOctober 25, 2021
MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria
AfricaBusinessInvestingLocalMarket

MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria

MFS Africa, the largest pan-African digital payments hub, announced that it had signed an agreement to acquire Baxi, one of…

byakintundeOctober 25, 2021
34 Oil Companies Disbursed $896.891 Million  Social Expenditure
AfricaBusinessLocalMarketTradeWorld

34 Oil Companies Disbursed $896.891 Million Social Expenditure

Thirty-four foreign and indigenous oil companies disbursed $896.891 million as social expenditure in the 12 months culminating in December 2019,…

byakintundeOctober 25, 2021
Tesco Website And App Down After Online Hack Attempt
BusinessMarketWorld

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…

byakintundeOctober 24, 2021
FBNH’s Equity In Airtel Nigeria Could Be Over N200 Billion
AfricaBankingBusinessInvestingLocalMarket

FBNH’s Equity In Airtel Nigeria Could Be Over N200 Billion

FBN Holdings Plc, a major beneficiary of Airtel Africa’s buy-back of the unquoted shares of Airtel Nigeria, could rake in…

byakintundeOctober 24, 2021
FBN Holdings Now Aware Of Mr Otedola’s 5.07% Equity Stake
AfricaBankingInvestingLocalMarketTrade

FBN Holdings Now Aware Of Mr Otedola’s 5.07% Equity Stake

FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi Otedola, billionaire…

byakintundeOctober 24, 2021
Dangote Cement Plc: PAT Of N191.6 Billion
AfricaLocalMarketTrade

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.…

byakintundeOctober 22, 2021October 23, 2021
Facebook To Pay For News Content In France
AfricaBusinessLocalMarket

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…

byakintundeOctober 22, 2021October 23, 2021
Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case
AfricaBusinessLocalMarket

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…

byakintundeOctober 22, 2021October 22, 2021
Femi Otedola Acquire 30 Billion Worth Of Shares In First Bank
AfricaBankingBusinessLocalMarketTrade

Femi Otedola Acquire 30 Billion Worth Of Shares In First Bank

From having a humongous loan portfolio of N192 billion in 2012 via his then Zenon Petroleum and Gas Ltd which…

byakintundeOctober 22, 2021
Facebook, Twitter, Other Social Media And Digital Advertising Companies Stocks Drop
AfricaLocalMarketTechnologyTradeWorld

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…

byakintundeOctober 22, 2021
IMF Project 2.7 Percent Economic Growth For Nigeria In 2022
AfricaLocalMarketTrade

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…

byakintundeOctober 22, 2021
Exxon Mobile Reduce Production In Chad
AfricaMarketTradeWorld

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…

byakintundeOctober 21, 2021
German software giant “SAP” Q3 Revenue Is 20% Above 2020 Q3 Revenue
InvestingMarketTechnologyWorld

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…

byakintundeOctober 21, 2021October 21, 2021
Turkey And Nigeria Sign A Bilateral Agreement On Improving Security And Trade
InvestingLocalMarketTechnologyTradeWorld

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…

byakintundeOctober 21, 2021

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