Stocks Slide, Dollar Spikes.
September got off to a bumpy start as persistent worries about rising global interest rates and recessions hounded…
Turkey Raises Electricity, Gas Prices By 50% For Industry, 20% For Homes.
Turkish authorities raised electricity and natural gas prices for households by around 20% and by around 50% for…
Investors Earn N68.63 Billion In Three Top Nigerian Banks In August Despite Sell…
Despite sell pressure witnessed on the shares of some quoted companies listed on the floor of the Nigerian…
NNPC Adopts Saudi Aramco’s Security Model
Nigeria is adopting the security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines and…
Nigeria Generated N799bn Oil Revenue In Q1 2022 Down By 28% – CBN
The Central Bank of Nigeria (CBN) says the country generated N799.10 billion from oil sector in the first quarter…
Most airplanes In Nigeria Grounded, Says NCAA.
A significant number of airplanes operating across the country are currently not in use. Due to the crisis rocking…
Jobs Jolt In The United State.
A look at the day ahead in U.S. and global markets from Mike Dolan.
Whatever quarterly growth statistics are…
80% Of Crude Oil Being Stolen With Connivance Of N’Delta Govs —Adebayo, SDP…
Prince Adewole Adebayo, has said 80% of the country’s crude oil were being stolen with the connivance; and…
If FG Loves Education, $23m Abacha Loot Would Be Used To Meet Our Demands –…
The Academic Staff Union of Universities says the federal government should have used the recovered $23 million…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.
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Europe’s Alternatives If Russia Cuts Off Gas Supply.
The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo maintenance from Aug.…
This Decade’s Oil Boom Is Moving Offshore – Way Offshore.
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending…
Russia Deepens Europe’s Energy Squeeze With New Gas Halt.
Russia halted gas supplies via Europe's key supply route, intensifying an economic battle between Moscow and…
NCAA Threatens To Sanction Domestic Airlines Over N19bn Debt, Issues 30-Day…
The Nigerian Civil Aviation Authority (NCAA) has threatened to sanction domestic airlines for over N19 billion…
Global Economy Can Thank U.S. Consumers.
The U.S. consumer is coming to the rescue of the global economy. Back in 2009, companies turned to China to prop…
Amazon, Google Slam Microsoft’s Cloud Computing Changes.
Amazon (AMZN.O) and Alphabet (GOOGL. O) unit Google criticised Microsoft's (MSFT. O) cloud computing changes,…
Dangote Refinery Gets 300,000 Barrels/day From NNPC.
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote…
Nigeria’s GDP Contraction Worries Experts.
Economic experts have raised concerns about the prostrate nature of the economy; exemplified by the contraction in…
Oil Prices Climb 1% As U.S. Fuel Inventories Fall.
Oil prices recovered slightly as data pointed to firm U.S. Fuel demand, providing respite after a 5% drop a day…
Naira Falls To N705/$ At Black Market.
On Tuesday, August 30, 2022, the Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once…
Dangote To Save Forex, Through 40% Sugar Import Substitution.
Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the…
OpenSea Trading Volume Plunges By 99% In 90 Days.
OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in its daily…
India’s Reliance Unveils $9.4 Bln Plan To Boost Oil To Chemicals.
Reliance Industries Ltd (RELI.NS), operator of the world's biggest refining complex, will invest 750 billion…
Maersk Agrees To Sell Stake In Russian Port Operator.
A.P. Moller-Maersk (MAERSKb. CO) said it has agreed to sell its 30.75% stake in Russian port…
U.S. Govt To Provide $11 Mln For Production Of Monkeypox Vaccine.
The U.S. government said it would provide about $11 million to support the packaging of Bavarian…
Ukraine Strike Hits Fuel Depot At Zaporizhzhia Nuclear Plant.
Officials installed by Russia in Ukraine said that a Ukrainian missile strike punched a hole in the roof of…
China’s Top Airlines Post Steep Q2 Losses On COVID Curbs
China's three biggest airlines posted a combined 28.4 billion yuan ($4.12 billion) second-quarter loss. Wider than…
Fintech Firm, Wise Fined $360,000 By Abu Dhabi Regulator.
The regulator of Abu Dhabi's free zone financial centre said it had fined the local subsidiary of fintech firm…
Nigerian Economy Shrinks By N63bn, 28 Sectors Struggle.
Twenty-eight sectors of the economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk…
Nigeria’s Electricity Sector Dips By 11.5% In Q2 2022 Following Multiple Grid…
The latest GDP report for the second quarter of 2022 released by the National Bureau of Statistics (NBS); showed…