Nigerian Pension Fund Administrators Pay N49.5 Billion Taxes In 3 Years.
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021; a 15.6%…
Brent Crude Oil Posts Worst Weekly Decline Since April 2020.
The commodities market in 2022 has been nothing short of a rollercoaster ride, especially in the Oil and Energy…
$2 Billion Worth Of Cryptos Have Been Stolen In Bridge Hacks So Far In 2022.
A recent report by Chainalysis, a blockchain data platform that provides data, software, services, and research;…
Bitcoin May Hit $30k In September Despite Headwinds.
The crypto market has been progressively improving since early July despite macroeconomic headwinds. As it…
Oil Price Falls, OPEC Raises Nigeria’s Production Quota.
The Organisation of Petroleum Exporting Countries raised Nigeria’s crude oil production quota for September 2022…
Amazon Workers At UK Warehouse Walk Out Over Pay Offer, Union Says.
Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay..
"Amazon…
Crypto Winter May Temper Fintech Earnings.
Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase (COIN.O).…
Alibaba Revenue Beats Despite Flat Growth Due To COVID Lockdown.
China's Alibaba Group Holding Ltd (9988.HK), beat market expectations for revenue in the quarter ending late June;…
Futures Steady After Rally With All Eyes On Labor Market Data.
U.S. stock index futures were trading flat on after a rally that made the previous session the best in a week;…
NNPC Sells N147bn Petrol, Diesel In One Month.
The Nigerian National Petroleum Company Limited said it made N147.36bn from the sale of petrol and diesel in…
FG Generates N2.5bn Daily From TinCan Port – Nigeria Customs.
The TinCan Island Command of the Nigeria Customs Service has said that the command makes an average of N2.5bn…
Importing What Nigeria Can Produce Threatens Economy – Customs
The Nigeria Customs Service has said that importing what the country can produce is a big threat to the economy.
…
Magic Eden, Leading NFT Marketplace In Solana, Is Extending Into Ethereum.
Magic Eden, a unicorn cryptocurrency recently valued at $1.6 billion, is starting its multi-chain growth alongside…
If Recession Concerns Subside, The Canadian Dollar May Increase.
Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as…
Russia Becomes India’s Third-Largest Coal Supplier In July.
Russia became India's third-largest coal supplier in July, with imports rising by over a fifth compared with June…
Hit By Rising Costs And Supply Snarls, Toyota Profit Tumbles 42%.
Toyota Motor Corp's (7203.T) profit slumped a worse-than-expected 42% in its first quarter; as the Japanese…
Foreigners Cut China Debt, Dump Equities In July – IIF.
Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in…
Italy To Approve $14.5 Billion Package Against Inflation.
Italy plans to approve on Thursday a new aid package worth around 14.3 billion euros ($14.5 billion); to help…
Stocks Steady As Markets Bet On Hefty Bank Of England Hike.
Strong earnings at Credit Agricole and Lufthansa lifted stocks as tension over Nancy Pelosi's visit to Taiwan…
How Fake Drugs Threaten Nigeria’s Multi-Billion Pharma Industry.
The National Primary Healthcare Development Agency, NPHDA, said that over 70% of medicines being dispense in…
Twitter Queries Banks On Musk’s Attempts To Undermine $44 Bln Deal.
Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion…
Brazil’s 3R Petroleum Subsidiary Agrees On $500 Mln Loan To Pay For Potiguar…
Brazil oil company subsidiary 3R Lux agreed to a $500 million loan to pay for the country's Potiguar oil field.
…
PayPal Registers To Indonesia’s Licensing Rules, Access Unblocked.
U.S. payments firm PayPal (PYPL.O) has registered as an electronic systems operator in Indonesia; and its…
UBA Appoints New GMD.
United Bank for Africa Plc announced the appointment of Oliver Alawuba as its group managing director; overseeing…
AXA’s Shares Surge As Insurer Unveils Share Buyback And Higher H1 Profits.
French insurer AXA announced a new share buyback programme as it posted a 3% rise in first-half net profit,…
JPMorgan, Bank Of America Invest In L’ATTITUDE Ventures’ First Fund
L'ATTITUDE Ventures on Wednesday closed its first institutional fund raising over $100 million with an anchor…
EU Securities Watchdog To Arm Itself With Crypto Data.
The European Union's securities watchdog has begun preparations for increased scrutiny of crypto transactions;…
Dollar Dips As Investors Parse Fed Hints On Rate Hikes.
The U.S. dollar edged lower but held on to most of the previous day's gains, after leaping on Federal Reserve…
India’s Tata Capital Housing Finance To Issue Bonds – Traders.
India’s Tata Capital Housing Finance plans to raise funds through sale of a two-part bond issue, three merchant…
Gains From MTN Nigeria, 18 Other Stocks Lift Market Activities To Bullish Stance.
Activities on the Nigerian Exchange Limited (NGX) returned to positive route following gains recorded by blue chip…