Ericsson’s $6.2 Bln Vonage Takeover Delayed Over U.S. Review
Ericsson (ERICb.ST) said the closing of its $6.2 billion Vonage acquisition was delayed to the end of July. From…
Elevator Maker Kone Divests Russia Business.
Finnish elevator maker Kone (KNEBV.HE) said it will sell its business in Russia to local management for an…
Column: Hedge Funds Turn Tail As Commodities Crumble On Recession Rumble: McGeever
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of…
Boost For Luxury London Property Prices As Russians Locked In.
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in…
Nigeria’s PZ Cussons Fights Off Inflation To Post 277% Rise In Profits.
Leading conglomerate, PZ Cussons Nig Plc, released its Q4 2021/22 unaudited results for the period ended May 31,…
Fuel Scarcity: FG To Sanction Fuel Stations Selling Fuel Above N165.
The Nigerian Government has decided to clamp down on filling stations selling Premium Motor Spirit (PMS); above…
Investors In MTN Public Offer Gain N35 Billion In 6 Months
Investors in MTN’s Public Offer for Sale conducted in December 2021 have gained an estimated N35 billion; since…
FG spends N1.243tn Monthly As Fuel Subsidy Hits N600/Litre – Operators
The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit; popularly called…
DisCos’Payment To GenCos Drops By 50%, Consumers Kick.
Electricity distribution companies’ payment to generation companies for electricity generation has dropped by 50%;…
Firm Invests N24bn In Edo Integrated Farm
Saro Group of Companies has invested not less than N24bn in an integrated farm in Edo State; in a concerted effort…
Electric Automakers Make Last-Ditch Plea For More Tax Credits Before U.S. Election
Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers' hopes of…
Nigeria’s Bitcoin P2P Surge By 25% In 180 Days Amid Falling Naira
Despite government rules limiting crypto trades within financial institutions to protect citizens and monitor the…
Naira Falls At Official Market Despite Slight Improvement In FX Supply
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters…
Wema Bank Launches Innovation Challenge For Kids
Wema Bank Plc has unveiled its Kids’ innovation challenge aimed at encouraging children. This, however, It teaches…
Saudi, OPEC May Make Up Or Russian Oil Output Loss As Biden visit looms
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that could…
FUGAZ Investors Gain N39 Billion Combined During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to…
Credit Suisse Faces Verdict In Cocaine-Cash Trial
Swiss judges will rule on Monday whether Credit Suisse (CSGN.S) failed to prevent money laundering. Which linked…
Analysis: Food Export Bans, From India To Argentina, Risk Fueling Inflation.
It only took 24 hours last month for Prime Minister Narendra Modi's government in India. The world's…
Banking Body Urges Decisive Wave Of Global Rate Hikes To Stem Inflation.
The world's central bank umbrella body, the Bank for International Settlements (BIS), has bawl for interest rates…
Telecom Firms’ Operating Costs Rise by N265bn – Nigerian Communications…
The operating costs of telecommunication companies in Nigeria rose from N1.4tn in 2020 to N1.66tn in 2021. This…
Ghanaian cedi has lost 22% against the US dollar since the start of 2022
The Ghanaian cedi came under pressure after racking up a whopping loss of 22.44% against the US dollar. This comes…
Linkage Assurance’s Gross Premium Rises By 34%
Linkage Assurance Plc has disclosed that its gross premium written rose by 34 per cent in the 2021 financial…
Ireland’s PTSB May Absorb Initial ECB Rate Hikes, CEO Says
Ireland's Permanent TSB may choose to absorb the first two rounds of European Central Bank interest rate hikes.…
G7 To Announce Ban On Import Of New Russian Gold U.S. Official Says
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday; as part of ongoing…
JP Morgan Sees Portfolio Rebalancing Lifting U.S. Stocks 7% Next Week
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half…
Altcoins Gain 90% In The Last 7 Days.
Bullish price action is returning back to the cryptocurrency market alongside the U.S. stock market as the 16.54%…
China Proposes Rules To Regulate Private Pension Investment Via Mutual Funds.
China's securities regulator proposed rules to regulate private pension investment via mutual funds. Setting the…
Banks Rally After Stress Test, Bank of America Underperforms
Shares in the biggest U.S. banks rallied after they passed the Federal Reserve's annual health check; but Bank of…
China Approves ICBC-Goldman Joint Venture To Offer Wealth Services
Industrial and Commercial Bank of China (601398.SS), (1398.HK) (ICBC) said its wealth management joint venture…
Barclays Strikes $2.8 Billion Deal To Buy Mortgage Lender Kensington
Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion). This is to buy specialist…