Insurance Sector Records 15.68% Growth In Q1- Nigeria.
The Nigerian insurance sector grew by 15.68% in 2022 Q1 financial period- the National Bureau of Statistics,…
FG Forecasts Cocoa Production To Rise To 500,000 Tonnes By 2024- Nigeria.
Nigeria's cocoa production is expected to increase from 340,000 tonnes to 500,000 tonnes by 2024, according to the…
Russia Forecasts Car Sales To Halve In 2022 – Ministry
Russia's Industry Ministry expects car sales to halve in 2022 as the country's automobile industry grapples with…
Bloomberg Terminal Increases Crypto Coverage By Adding 40 Coins
Bloomberg has vastly expanded its coverage of the cryptocurrency markets. Following a decision to include data on…
Real Estate Firm Inaugurates N5.6bn Estate For Oil Companies- Nigeria
Real estate developers, Brains and Hammers, has inaugurated a 101-unit mixed housing development named, ‘Coopeast…
Australian Tech Billionaire Takes On Elon Musk’s ‘Return To…
Elon Musk got into a Twitter spat with Australia's third-richest man on Friday. The Tesla Inc (TSLA.O) chief…
Western Australia Gives Conditional Nod To Blackstone’s $6.3Billion Crown…
Australia's largest casino operator Crown Resorts Ltd (CWN.AX) said on Friday regulators in the state of Western…
Experts Urge Stakeholders To Practise Sustainable Insurance
The experts spoke at the maiden edition of the Chartered Insurance Institute of Nigeria’s program tagged,…
Mastercard Reveals New Partners For NFT Payments
Mastercard, a leading payment giant plans to use card payments to expand access to the non-fungible token (NFT)…
Nigerian Banks Pay N7.7 Billion As Audit Fees To PwC, KPMG, EY Others In 2021.
Listed commercial banks operating in Nigeria paid an aggregate of N7.72 billion to auditing firms in 2021, which…
Asia Stocks Advance As Investors Weigh Impact of Hawkish Central Banks
Asia's stocks rose on Wednesday, encouraged by a rally on Wall Street. But worries kept gains in check that…
Naira Falls To N420/$1 At I&E Window Despite Moderations At Parallel Market-…
Tuesday, June 7th,2022: At the Investors and Exporters (I&E) window, naira and the US dollar exchange rate…
Russia’s Aeroflot Plans $3 Billion Cash Injection, Said To Eye Big Jet…
Under heavy pressure from Western sanctions and airspace bans, Russian state flagship airline Aeroflot (AFLT.MM)…
The Dollar Jumps To 20-Year High Against The Japanese Yen.
As investors build enormous positions against the Asian currency, the dollar rally has reached a 20-year high…
Oil Prices Advance On Low Oil Inventories Expectation
Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks. While expectations of solid…
Zara-Owner Inditex’s Quarterly Profit Jumps 80% On Post-COVID Wardrobe…
Fashion giant Zara's owner, Inditex (ITX.MC), reported on Wednesday that its quarterly profit jumped 80%. on the…
Nigeria’s Imports From China Rise By 183.91%, Debts Hit $3.67bn.
Nigeria’s import from China rose by 183.91% from N530.98bn in the first quarter of 2018 to N1.51tn in Q1 2022.…
35% Of Workers Planning To Demand Pay Raise–Survey
35% of workers across the globe are planning to ask their employer for a pay raise. This will be in the next 12…
H&M, Lululemon Back $250 Million Fashion Climate Fund To Decarbonise Supply…
Lululemon Athletica Inc (LULU.O) and H&M Group (HMb.ST) are among backers of a $250 million fund. Aiming to…
NNPC To Pay N874bn In June As Subsidy Hits N1.82tn
Operators in the oil and gas sector and stakeholders are uncomfortable with the continued rise in Petrol. The cost…
Pipelines Unclogged, But Canadian Crude Now Faces U.S. Gulf Coast Glut
Canadian heavy crude is finally trading like a "North American" grade, moving in tandem with U.S. sour crudes sold…
Investors May Jostle For Nigeria’s Barite Reserves
Barite or Barytes is a naturally occurring mineral made of barium sulphate and the source of the element barium.…
Tesla Goes Ahead With China Hiring Event After Musk Job Warning.
Tesla was proceeding with an online hiring event in China and added two dozen new job postings for the country.…
MAN Tackles CBN Over N1tn Low-Interest Loan-Nigeria.
Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s 5% lending rate under…
Bank Partners’ Foundation On Female-Owned SMEs
FirstBank has said it is partnering with the ELOY Foundation to launch the ELOY Foundation Business Shower. This…
Export Company Launches N10bn Commercial Paper.
Neveah Limited, exporter of Agro-commodities and solid minerals company. The company announces redemption of its…
Oil Sticks Near Three-Month Highs Despite China Lockdowns.
Oil prices hovered near three-month highs on Thursday after parts of Shanghai imposed new COVID-19 lockdown…
Metered Customers Rise To 4.7million, Registration Stalls At 10million
Electricity distribution companies’ customer registration exercises have been stagnant at 10 million for the past…
Nigeria’s Public Debt Climbs By N2.04tn In Q1 – DMO.
Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December…
Customs Deepen Probe On Seized Foreign Rice, Others.
The Federal Operations Unit, Zone A, the Nigeria Customs Service, has arrested 14 suspects. All in connection with…