Nigerian Banks Maintained Stability Despite COVID-19 Challenges–NDIC
At the 2022 stakeholders’ retreat of the Senate Committee on Banking, Insurance, and Other Financial Institutions…
Nigeria’s Economy Gaining Strength… But Inflation Will Remain High – IMF
Despite Nigeria's steady economic recovery, inflation, according to the International Monetary Fund (IMF), would…
Elon Musk Sued For $258bn Over Dogecoin Support
An investor in dogecoin, a cryptocurrency that began as a joke but grew in value championed by Elon Musk, filed a…
Fuel Queues Return To Abuja, Motorists Flay NNPC, FG
Fuel queues returned to Abuja as motorists spent hours at filling stations waiting to buy the Premium Motor…
Stocks Rise As Investors Await U.S. Jobs Data For Fed Cues
Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal…
EXCLUSIVE China Firms In Advanced Talks With Qatar For Gas Field Stakes, LNG…
China's national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the…
Inflation Surges Again, Hits 17.71% Amid Rising Prices.
Nigeria’s inflation rate has again surged to 17.71%, according to latest figures by the National Bureau of…
72 Of The Top 100 Cryptos By Market Capitalization Have Fallen 90% Or More.
The current bear market has seen a whopping 72 out of top-100 tokens by market capitalization fall. More than 90%…
Factbox: Companies Sell Their Businesses In Russia
Some Western companies have agreed to sell their Russian assets or hand them over to local managers. As they…
Analysis: With Record Pump Prices, Biden Hard-Pressed To Ramp Up Russia Sanctions
The American consumer presents a significant obstacle as the Biden administration considers escalating sanctions…
Nigerians Spent N3.25tn On Airtime, Data, Others In 2021 – NCC
Nigeria spent N3.25tn on airtime, data, and other telecommunication services in 2021, according to the Nigerian…
Google’s Russian Subsidiary Submits Bankruptcy Declaration – Ifax
The Russian subsidiary of Alphabet’s (GOOGL.O) Google has submitted a declaration of bankruptcy, Interfax.The…
Porsche To Pay $80 Mln To Resolve Fuel Economy Claims On U.S. Vehicles
Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80…
Shares And Bonds Hit After Swiss And UK Rate Hikes.
World stocks fell and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about…
India’s Reliance considers buying out Revlon in U.S. – ET Now
Indian conglomerate Reliance Industries (RELI.NS) is considering buying out Revlon Inc (REV.N) in the United…
BOJ Maintains Ultra-Low Rates, Warns It Is Closely Watching Yen Moves
The Bank of Japan maintained ultra-low interest rates and its guidance to keep borrowing costs at "present or…
Lego To Invest Over $1 Billion In U.S. Brick Plant.
Toymaker Lego said it will invest more than $1 billion in a factory in the United States. To shorten supply chains…
Week Of Rate Hikes Has Stocks On Course For Steepest Slide Since 2020.
World stocks headed for their worst week since markets' pandemic meltdown in March 2020, as interest rate hikes in…
WTO Strikes Global Trade Deals Deep Into Overtime.
The World Trade Organization's164 members approved a series of trade agreements. That included commitments on fish…
Tesla Investor Sues Musk, Board Over Accusation Of Workplace Discrimination.
A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board. Accusing…
Online Fashion Retailers ASOS, Boohoo Weighed Down By Returns.
As consumers struggle with inflation and return to pre-pandemic behavior, British online fashion retailers ASOS…
London Stock Exchange Pours Cold Water On Merging Listing Segments.
Compressing Britain's two company listing segments to attract more tech firms could put an existing "gamechanger"…
Cryptocurrency Exchange Binance: 2022 Volumes So Far Similar To 2021’s $34…
Cryptocurrency exchange Binance's Chief Executive Officer, Changpeng Zhao, said that volumes on the exchange so…
OPEC+ Crude Oil Output Boost Undershoots Targets In May
OPEC+ produced 2.695 million barrels per day below its crude oil targets in May. Because of production problems at…
Nigeria Must Increase Productivity To Improve Naira Value — Experts
Nigeria must increase its productivity and change consumption patterns to shore up the value of naira.The Central…
Rising Inflation, Others Threaten Buhari’s Poverty Reduction Scheme –World Bank…
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population…
Nigeria’s Internet Subscription Hits 148 Million In April 2022.
Subscriptions for internet across mobile, fixed, and VoIP networks in the country increased to 148 million in…
US Federal Reserve Hikes Benchmark Interest Rate By 0.75 Percentage Point.
The U.S. Federal Reserve raised its target interest rate by three-quarters of a percentage point to combat a…
Heifer International Compensates 3000 Farmers With N100m Insurance.
In its resolve to help smallholder farmers mitigate loss of harvests due to poor weather conditions, pests and…
Google Ordered To Pay Australian Politician Over Defamatory YouTube Videos.
An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000). Saying its refusal to…