Amidst Rising Inflation, Telcos Are Rolling Out Cheaper Tariff Plans
Despite the rising inflation across sectors of the economy and globally, telecommunications operators in Nigeria…
Crude Oil Theft In Nigeria Is “Organized Crime”–Chevron Nigeria CEO.
Crude oil theft in Nigeria is an organized crime and should be differentiated completely from host community…
Nigerian States Pay N21.62 Billion As External Debt Deductions In Q1 2022
Thirty-six states of the federation parted with a sum of N21.62 billion; as external debt deductions in the first…
Why Gold Prices Are Falling Despite High Inflation.
As the greenback stayed close to a two-decade high on international markets; the yellow shining metal today…
FG Approves N400 Billion For Conditional Cash Transfer, Farmer Money, others-…
The Federal Government has approved the sum of N400 billion under the National Poverty Reduction and Growth…
Ericsson’s $6.2 bln Vonage Takeover Gets U.S. Clearance
Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a…
Dollar Catches Breath As Fed Officials Leave Market Pondering Over Rates Path.
The dollar hovered below a near two-decade high in Asian trading, having slipped overnight. After two Federal…
Stocks Stumble, Dollar Steadfast As Weak China Hardens Growth Worries
Asian stocks hit a two-year low on Friday and were heading for a weekly loss; while it set the dollar for its…
Oil Rises On Prospects Of Less Aggressive U.S. Rate Hike
Oil prices rose amid prospects of a less aggressive U.S. rate hike; although worries about a recovery in demand…
TomTom’s Quarterly Loss Widens As Inflation, Supply Chain Issues Weigh.
Dutch navigation and digital mapping company TomTom (TOM2.AS) reported worse-than-expected loss for the second…
Stocks Stumble As China Slowdown Rattles Investors
Asian stocks fell to a two-year low and were heading for a weekly loss; while they set the dollar for its third…
S&P 500, Dow Close Lower After Bank Earnings, Inflation Data.
The S&P 500 (.SPX) pared early losses to close modestly lower, after investors digested disappointing…
Alibaba Shares Fall On Report Of China Probe Over Data Theft.
Shares in Alibaba Group Holdings Ltd (9988.HK) fell 5.7% after the Wall Street Journal reported that the Chinese…
Handelsbanken’s Q2 Profit Misses Forecasts On Hedging Loss
Swedish bank Handelsbanken reported its second-quarter profit well below forecasts; after a downturn in capital…
Uniqlo Owner’s Shares Reach 2022 High On Profit Forecast, Yen.
Fast Retailing shares surged to the highest level this year in Tokyo trading after the owner of clothing brand…
Morgan Stanley Profit Slumps 30% As Deals Stall, Recession Risks Rise.
Morgan Stanley's second-quarter profit slumped 30%, it reported, falling short of analysts' estimates for the…
China C.Bank Keeps Medium-Term Policy Rate Unchanged For A Sixth Month
China's central bank stood pat on its medium-term policy rate for a sixth straight month; as expected, with…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
Deutsche Bank's International Private Bank hired four bankers in the Americas, according to an internal memo seen…
China’s Economy Brakes Sharply In Q2, Global Risks Darken Outlook
China's economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from…
Chocolate Factory To Restart Production After Salmonella Scare – Barry…
Barry Callebaut said that it would restart the first chocolate production lines as of early August; at its factory…
UK Court Allows Civil Case Claimant To File NFT Legal Documents
Non-fungible tokens (NFTs) have found a way into the British legal system; weeks after a similar development in…
Major Crypto Lender Celsius Files For Bankruptcy
Crypto lender, Celsius Network said it had filed for bankruptcy in New York, becoming the latest victim in the…
Lagos To Launch New Electronic ID Card for Residents
Lagos State Government is set to roll out smart i.d cards for residents of the State through the LSRRA
The card…
Investors Selling Off Investments In Oil Futures Over Recession Fears
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the…
Netflix Has Named Microsoft As Partner For Its Ad-Supported Service
Netflix has named Microsoft as its partner for its ad-supported service, the companies announced…
Fidson Plans N1 Billion Dividend Bonus Shares For Shareholders
Fidson Healthcare sets to pay shareholders over N1 billion in dividends and also issue them one new share for…
UK Lenders Expect Biggest Fall In Mortgage Demand Since Q2 2020
British lenders expect the biggest fall in demand for mortgages since mid-2020 during the three months to the end…
More Than 500 Women Sued Uber Over Sexual Assault Claims
Uber is being sued by more than 500 women who claim they were assaulted by drivers who use the ride-hailing…
Telecom Giant MTN, BOI Offers Training And Grants Worth N2 Million To Female…
Nigeria’s Bank of Industry and telecoms company, MTN, have announced a business initiative that will train female…
CBN To Introduce USSD Code To Improve E-Naira
The Central Bank of Nigeria says it is set to introduce the USSD code as part of steps to improve the Central…