Ghana’s Inflation Surges To 18-Year Peak, Rises Above 27% In May 2022.
Africa: Ghanaian inflation rate drops for the 3rd month to 10.1%. Ghana’s cedi becomes investors’ best choice…
Shell Inaugurates Second Phase Of Health Programme In Bayelsa Communities
Shell, the oil and gas firm, inaugurated the second and final phase of its healthcare projects. Launching in…
New Steel Plant Plans To Reduce $3.3bn Imports
Alok Gupta, the Managing Director of the African Industries Group, says that Nigeria needs to develop its large…
Titan Trust Bank Appoints Amray As New CEO
Mudassir Amray has emerged as the new chief executive officer of Union Bank. He became the CEO of Titan Trust Bank…
Coca-Cola Foundation Boosts Waste Management
The Coca-Cola Foundation has awarded a grant to the Growing Business Foundation to strengthen Nigeria’s plastic…
Metaverse Tokens Are Still Up 400% Year-On-Year
The Metaverse space remains the best performer in terms of price appreciation. Despite the market downturn, they…
African-Owned Startups, Chipper Cash, And Esusu Make Forbes Fintech 50 List Of…
Listed on the Fintech 50 list of 2022 by Forbes are Chipper Cash and Esusu, two African-owned startups. Esusu,…
Qatar Picks Exxon, Total, Shell, Conoco For Mega-LNG Expansion – Sources
Qatar has picked Exxon Mobil Corp, Total Energies SE (TTEF. PA), Shell (SHEL. L), and ConocoPhillips (COP. N).…
World Bank Slashes Global Growth Forecast To 2.9%, Warns Of…
The World Bank on Tuesday slashed its global growth forecast by nearly a third, to 2.9% for 2022. Russia's…
E-Payment: Nigerians’ Spending On Utility Bills Soars By 387%.
From N189.50 billion to N387.19 billion, Nigerians spent 387.19 percent more on electronic bills including power…
China’s May Exports, Imports Seen Recovering As Supply Chains Restart.
China's exports are expected to have expanded at a faster pace in May as factories reopened. While imports also…
Australia’s Central Bank Raises Interest Rate To 0.85%
The Reserve Bank of Australia has announced the greatest single hike in the cash rate in 22 years as it strives to…
Amazon Stock Split May Draw Retail Traders In Tough Market.
Amazon's (AMZN.O) stock split may provide some solace to shareholders who have seen the e-commerce giant's shares…
Dollar Hits Fresh 20-Year Peak To Yen; Aussie’s Post-RBA Gains Fizzle.
The dollar rose for a second day versus the yen, hitting a new two-decade high, as concerns about rising inflation…
Lagos, Oando Partner To Introduce Electric Mass Transit Buses- Nigeria.
With the signing of a Memorandum of Understanding to offer electric buses for citizens of Lagos, the Lagos…
Turn Ex-Agitators Into Entrepreneurs, Amnesty Administrator Tells Contractors
The Interim Administrator, Presidential Amnesty Programme, Col. Milland Dixon Dikio (retd), has called on…
Oil Prices Inch Higher On Relaxed China COVID Curbs, Tight Supplies
Oil prices rose on Tuesday, due to a demand recovery in China, as the world's second-largest economy eases severe…
Panic In Crypto Market As Bitcoin Drops Below 30K, Nearly 80K Investors Burnt
The value of the crypto market plummeted below $1.3 trillion, pushing Bitcoin below $30,000.
Bitcoin was last…
FG Warns Farmers Against Selling Government-Provided Inputs- Nigeria.
The Minister of Agriculture and Rural Development, Dr. Mahmood Abubakar, has warned smallholder farmers against…
Why Nigeria Air May Not Fly As Soon As Expected
The Nigeria Air, the national carrier, may not hit the sky due to a major challenge hindering its operations.The…
DMO Offers June 2022 FGN Savings Bond For Subscription- Nigeria
The Debt Management Office (DMO), on behalf of the Federal Government has announced the offer for subscription of…
Saudi Arabia Hikes July Crude Prices Surprisingly High For Asia Buyers
Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher levels. Amid…
Bitcoin Surge Above $31K Amid Pending US Inflation Data
Bitcoin traded just around $31K, moving up marginally from Friday but still inside its tight range. Since early…
NCC Says 832 Subscribers Ported To MTN From Other Networks In April 2022- Nigeria
The Nigerian Communications Commission (NCC) has revealed that 832 mobile subscribers ported to the MTN network in…
South Africans To Sell Its Equity In Southern Sun Ikoyi Hotels To Kasada Group For…
South Africa’s Southern Sun Africa (SSA) is disposing of its 75.55%. Majority shareholding in Southern Sun Ikoyi…
Abbey Mortgage Bank Grows Profit Before Tax By 116% -Nigeria
Primary mortgage institution, Abbey Mortgage Bank Plc, has said its financial results for the year ended December…
Firm Plans Fresh Investment In Oil Sector- Solewant Nigeria
The Managing Director, Solomon Ewanehi, in a statement said, “Solewant is now entering the next phase of its…
Nigerian Government Committed To Massive Investment In Irrigation – Minister
The Federal Government has expressed its determination to massively invest in irrigation in order to diversify the…
Real Estate Firm Calls For Global Decarbonization Shift
Address Homes said property firms should embrace global shifts towards carbon emission reduction. The firm made…
Moderna Delays COVID Vaccine Deliveries To EU By Several Months
Moderna Inc said on Thursday it has agreed to push back some COVID-19 vaccine deliveries to the European Union by…