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…
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…