2022 Half Year: BUA Cement’s Talks Higher Interest Cost To Report 41% Growth In…
BUA Cement Plc on July 25, 2022, released to the investing public its Q2 financial statement for 2022. The!-->…
FG To Increase Penalties For Gas Flaring.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Society of!-->…
CBN Commends Remita For Pioneering Usage Of eNaira
The Central Bank of Nigeria (CBN) has commended Remita, Nigeria’s leading Fintech platform; for pioneering the!-->…
NNPC Commercialisation May Affect Govt Finances – Nigeria.
A member of the Nigerian Economic Summit Group, Dr Ikenna Nwaosu, says the recent commercialisation of the!-->…
INEC Says Voter Registration Will Not Be Extended Beyond July 31.
The Independent National Electoral Commission (INEC) has warned that it will not extend the ongoing Continuous!-->…
FG Says It Used $35 Million From Excess Crude Account To Purchase Offshore Patrol…
The Federal Government has responded to reports that the Excess Crude Account has dropped from $35.7 million to!-->…
United States’ Federal Reserve Raises Interest Rate By 0.75%
The Federal Reserve has raised its benchmark interest rates by 75 basis points for the second consecutive month in!-->…
Shell And Total Resume Their Buyback Following Record Profits.
Europe's biggest oil companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) extended share buybacks; after their!-->…
Rising Rates To Cushion Impact On Asia Banks From Slowing Economies.
Asia-focused lenders HSBC (HSBA.L), Standard Chartered (STAN.L) and their Southeast Asian peers such as DBS !-->…
Central Bank Of Nigeria’s July 2022 Treasury Bills Auction Records 23%…
It is worth noting that, despite the rise in the interest rate, increased inflationary pressure to 18.6% in June!-->…
Nigerians Run To Crypto Amid Falling Naira, Bitcoin P2P Trading Surge By 258% In 7…
Many Nigerians are hedging against collapsing local currency by amassing dollar-denominated digital assets, in!-->…
Nissan’s Operational Profit Fell By 14% In The First Quarter.
Nissan Motor Co's (7201.T) first-quarter operating profit fell 14% to 64.9 billion yen ($478.08 million); the!-->…
Atiku Proposes $10 Billion Economic Stimulus Fund To Support Agriculture,…
Atiku Abubakar, the presidential candidate for the Peoples Democratic Party, has stated that within the first 100!-->…
Nigeria Has The Second Largest Market For Cryptocurrencies In Africa In 2022-…
A new cryptocurrency market report titled, “What Does the Future Hold for Crypto Exchanges,” has revealed that; in!-->…
Naira To Dollar Exchange Rate Falls To N685/$1 At Peer-To-Peer (P2P) Forex Market.
The exchange rate between the naira and the US dollar has fallen to a record low at N685.5/$1 at the peer-to-peer!-->…
Crude Oil Prices At $100 Per Barrel Amid Declining United States Oil Stockpiles.
Oil prices remained stable as fears over weakening demand outweighed news from the industry; that revealed a!-->…
FG Shuts Oil Firm Over Illegal Offshore Operations- Nigeria.
THE Federal Government has shut down Scorpion Oil Services for carrying out offshore operations without approval!-->…
Russia-Made Goods Replacing Imports On The Country’s Shelves, Nielsen Says.
Russia-made products accounted for 83% of the country's market for common consumer goods in the first half of!-->…
Russia Fines Google $34 Mln For Breaching Competition Rules.
Russia's competition watchdog fined Alphabet's Google (GOOGL.O) 2 billion roubles ($34.2 million); for abusing its!-->…
Central African Republic’s Digital Coin Finds Few Buyers.
The sale of Central African Republic's first digital coin got off to a slow start; with just over 5% of the!-->…
Indonesia Says Mitsubishi Motors To Invest About $667 Million Over Next Three…
Mitsubishi Motors Corp (7211.T) plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia. This will!-->…
Remy Confident After China Sales Rebound In June.
Remy Cointreau (RCOP.PA) said it was confident over prospects for its current financial year. This was after!-->…
U.S. Retailers Tumble After Walmart Cuts Profit Forecast.
A profit warning by Walmart (WMT.N) ignited a sell-off in shares of major U.S. retailers late, quickly!-->…
Zenith Bank Retains Position In Banking Award.
Zenith Bank Plc has been rank as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World!-->…
Companies May Collapse Over Energy And Currency Crisis.
An economist, Bismark Riwane, and other experts have predicted that the high cost of power and diesel will lead to!-->…
Amazon To Raise Prime Prices In Europe As Retailer Wrestles With Costs.
Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to!-->…
3M To Spin Off Healthcare Business.
3M Co (MMM.N) said the industrial giant plans to spin off its healthcare business and will retain a stake of 19.9%!-->…
UK Retailers Downbeat About Outlook For August – CBI.
British retailers are downbeat about the outlook for August as the cost-of-living squeeze weighs on demand.!-->…
KPMG Escapes Record Fine Over Carillion, Regenersis Audit Checks.
KPMG was to pay 14.4 million pounds after the accounting firm admit to providing false information. To its!-->…
Tesla Raises Spending Plan, Discloses New Subpoena On Musk’s 2018 Tweet.
Tesla Inc (TSLA.O) has increased its capital spending plan by $1 billion, the electric automaker said in a!-->…