Nikola To Raise Up To $400 Mln In Stock Sale.
Nikola Corp (NKLA. O) said it may sell shares to raise up to $400 million, as the electric truck maker looks to…
CBN Recorded $2.4bn Diaspora Remittances In 2022.
The Central Bank of Nigeria (CBN) says the country has recorded $2.4 billion in diaspora remittances through its…
According To The NNPC Chief, Churches And Mosques Are Housing Stolen Nigerian…
Every section of Nigerian society is complicit in the theft of millions of barrels, the head of state oil company…
HSBC Hires Justin Wu As Asia-Pacific Co-Head Of Climate Change.
HSBC (HSBA. L) has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the…
Forex Supply Falls Further To $54 Million As Exchange Rate Remains Stable.
Monday, 29th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the…
Seplat Energy Shareholders Lose N71 Billion.
Investors of Seplat Energy Plc recorded a loss of about N70.56 billion from trading in the shares of the company.…
German gas storage progress better than expected.
Germany is making better progress than expected in filling its gas storage facilities; but it's not enough to get…
Elon Musk: Aims To Have Self-Driving Teslas Ready By Year-End In The U.S.
Tesla (TSLA.O) founder Elon Musk said he aimed to get self-driving Teslas ready by year-end; and hopes they could…
Gas Prices To Fall Soon As Germany Hits Storage Targets.
German Economy Minister Robert Habeck expects gas prices to fall soon as Germany is making progress on its storage…
Bitcoin Dips Below $20,000.
Bitcoin dipped below $20,000, continuing a drop that has taken it down nearly 60% from its year high.
Bitcoin ,…
Ericsson To Wind Down Business Activities In Russia
Ericsson (ERICb. ST) said it will gradually wind down business activities in Russia; as the Swedish telecoms…
Firms Buy Sh9.5bn Safaricom Stake.
Local institutional investors have acquired shares worth Sh9.5 billion in Safaricom following the exit of domestic…
Russia Says It Shot Down Ukrainian Drone.
Russia's defence ministry said Russian forces shot down a Ukrainian drone; which was trying to attack the…
Finnair Partners With Qatar Airways In Search Of New Routes.
Finnair (FIA1S. HE) will establish a strategic partnership with Qatar Airways; to open up new routes from Nordic…
Nigeria’s N20.4 trillion Imports In 2021 Not Enough To Lift Economy – Economists.
Despite the hues and cries about Nigeria being an import-dependent economy over the years, and importing goods…
Dollar Scarcity: Manufacturer’s Panic.
Fear of a dollar shortage has driven manufacturers to front-load their inventory requirements. Therefore, creating…
The World Still Needs Oil And Gas – Elon Musk.
The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop…
Nigerians Drink Beer Worth N599.11 Billion In 6 Months.
Nigerians drink beer worth N599.11 billion in six months running from January t0 June 2022, according to the first…
Bitcoin Drops To Lowest Level, Crypto Market Loses $70 Billion.
As a result of Federal Reserve Chair, Jerome Powell’s comments that the U.S. central bank may continue hiking…
SWOOTs Capitalization Up By N254 Billion.
The combined market capitalization of stocks worth over one trillion (SWOOTs) appreciated by 1.30% to close at…
NFT Market Fails To Hit $1 Billion In Trades For The First Time Since June 2021.
The NFT market in the last 4 months, has been on a bearish trend as many have suggested that the sector in the…
Trapped Fund: Respite As CBN Releases $265m To Foreign Airlines.
In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN), released…
Flight suspension: British Airways Says Its Operations Would Continue As…
British Airways has restated its commitment to fully serve the Nigerian market.
Recall that Nairametrics had…
British Household Energy Bills To Jump 80% To Over $4,000 A Year.
British energy bills will jump 80% to an average of 3,549 pounds ($4,188) a year from October; plunging millions…
Nigerias GDP Increases By 3.11% In Q1 of 2022, Says NBS.
The National Bureau of Statistics says Nigeria’s Gross Domestic Product grew by 3.54%. This growth is in the…
Bank Loan Defaults Cross Half A Trillion For The First Time.
Bank loan defaults have crossed the half a trillion shilling mark for the first time; setting up thousands of…
Britain To Support Rebuilding Of Ukrainian Transport Network.
Britain will share technical expertise with Ukraine as part of a new package of support to help the country…
FAAC: Nigeria FG, States, LGs Share N954bn
The Federation Account Allocation Committee, on Wednesday, said it shared N954.09n to the three tiers of…
Bitcoin Depot To List In The U.S. Through $885mln SPAC Deal.
Fintech Bitcoin Depot plans to list in the United States by merging with blank check company GSR II Meteora…
Brent Crude Trades Above $100 On Potential OPEC+ Supply Cuts.
The price of the black liquid is bullish today as a result of mounting supply tightness concerns amid disruptions…