Debt, Inflation, Forex killing Economy, LCCI Warns FG- Nigeria.
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the…
Oil Firms Not Drilling Except NNPC, Says Kyari- Nigeria.
The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, announced that the decline…
Fidelity Bank Takes Over Three Discos, FG Intervenes- Nigeria.
The Federal Government announced the takeover of Kano, Benin and Kaduna electricity distribution companies by…
Solid Minerals Imports Rise By 74% In 12 Months
Recently, the value of solid minerals imports rose by 74.39% from N23.56bn in the first quarter of 2021 to…
Nigeria’s 26 Power Plants’ Capacity Drops By 70%
There has been a drop in the combined generation capacity of Nigeria’s 26 power plants by 70%.A breakdown of the…
Oil Prices Bounce Back From Tuesday Tumble As Supply Concerns Return
Oil prices rose as much as nearly 3% before paring some gains as investors piled back into the market after a…
Dollar Reigns As Investors Fear Recession Pain
Asian stocks fell and the dollar stood by a two-decade high on the euro as investors' fears deepened that the…
Exxon Profit Set To Soar Again; White House Wants More Oil
Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates; after the largest…
Oil Tumbles 9% On Recession Demand Destruction Fears
Oil plummeted about 9% in the biggest daily drop since March on growing fears of a global recession and lockdowns…
U.S. Exchanges Win Court Appeal On SEC Market Data Order.
A U.S. appeals court struck down an order by the Securities and Exchange Commission that would have allowed some…
Bridgewater’s Flagship Fund Posts Gains Of 32% Through June
Hedge fund manager Bridgewater Associates' flagship Pure Alpha 18% volatility fund gained 32.2% in the first half…
Global Corporate Debt To Drop Amid Higher Funding Costs, Study Finds
Global corporate net debt has fallen by 1.9% to $8.15 trillion in the past year. As higher borrowing costs reduce…
Crypto Lender Voyager Files For Bankruptcy.
Voyager Digital (VOYG.TO) has filed for bankruptcy, the crypto lender said in a statement, a week after…
NSITF Pays N300m Compensations To Employers, Employees- Nigeria.
According to the Nigeria Social Insurance Trust Fund,N306,554,896 was reimburse out over the previous four months;…
Airbus Cancels Deal With Qatar Airways For Fourth A350
Europe's Airbus (AIR.PA) has raised the stakes in a dispute with Qatar Airways over damage to the painted surface…
NAICOM Revokes Niger Insurance, Standard Alliance Licences, Appoints Liquidators
Following the failure of several palliatives to strengthen both Niger Insurance Plc and Standard Alliance…
Real Estate Firm Cushman & Wakefield Held In Contempt, Fined $10,000 A Day
A New York judge on Tuesday held real estate firm Cushman & Wakefield PLC; in contempt of court for not…
FG Reveals Why It Is Pushing For More Public Private Partnerships In Nigeria
The Federal Government has declared that the current financial situation of Nigeria brought about by the global…
Central African Republic Starts Crypto Hub To Boost Financial Inclusion
To encourage the growth of the regional crypto ecosystem, the Central African Republic (CAR); developing the Sango…
Oil And Gas Is Best Performing Index In HY 2022 With 58% Gain
Russia’s invasion of Ukraine has led to a sharp rise in global oil prices; amounting to more than 100 dollars per…
Mexico’s Femsa To Buy Swiss Store Operator Valora for $1.15 Bln In Europe…
Mexican bottler and retailer company Fomento Economico Mexicano (Femsa) (FEMSAUBD.MX) offered to buy Swiss kiosk…
Court Restrains Kano Govt From Borrowing N10bn For CCTV Cameras- Nigeria.
A Federal High Court sitting in Kano presided over by Justice Abdullahi Muhammad Liman has restrained Kano State…
Tinubu To Buy 299.25m Oando Shares, As Exits Trail SEC Out-Of-Court Settlement
Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors. As they…
First Vessel From Hong Kong Berths At Lekki Deep Seaport- Nigeria.
Three Ship-to-Shore cranes and 10 Rubber-Tyred Gantries critical to the commencement of operations of the Lekki…
Zenith Bank Again Maintains Position As Nigeria’s Best Commercial Bank, And Best…
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022;…
FIRS Extends Deadline For Filing Of 2022 Companies Income Tax Returns To 31st…
The Federal Inland Revenue Service has extended the deadline for filing Companies Income Tax Returns for the 2022…
Samsung To Invest $500 Mln In Mexico, Foreign Minister Says.
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the…
Interpol Arrests South African Steynberg For Biggest Bitcoin Fraud
The U.S. Commodity Futures Trading Commission (CFTC) said it had filed civil charges against South African…
Asia Shares Squeeze Higher, Take Brief Respite From Growth Fears
Asian shares eked out their best day in a week on Tuesday as positive economic data and hints of easing Sino-U.S.…
Canadian Inflation Expectations Bolster Case For Supersize Rate Hike
Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up "significantly"…