Anticipating U.S. Downturn, Elon Musk Details Tesla Staff Cuts
Elon Musk, CEO of Tesla (TSLA.O) says a 10% cut in salaried staff at the electric car maker will happen over three…
Cost Of 12.5kg Cooking Gas Hits N9,400 In May 2022, Highest In 3 Years
The cost of purchasing a 12.5kg cylinder of household cooking gas in Nigeria has increased from N7,000 in…
AIICO Insurance Declares Dividend Of 2 Kobo Per Share For Year Ended December 2021
AIICO Insurance Plc has declared a dividend of 2 kobos per share amounting to N732 million. This is regarding and…
U.S. Chamber Of Commerce, Others Warn of Impracticalities In EU Subsidy Plan
European Union legislation targeting foreign state-backed buyers of European companies was prompted by fears of a…
Stocks Squeeze Out Slim Gains, Dollar Climbs As Inflation Soars
European stocks made slim gains on Wednesday, with the dollar strengthening as investors fretted over soaring…
Wema Bank Assures Customers Of Data Confidentiality- Nigeria.
Wema Bank has said that it will ensure data confidentiality of its customers.The bank said, “We implore members of…
DisCos Revenue Surges By 47% To Hit N757bn – Report
Revenue collection by the 11 distribution companies increased by 47% to N757bn in 2021. The Association of…
South Africa Extends Fuel Subsidies To August 2022.
To ease the increased oil costs as a result of Russia’s conflict with Ukraine, South Africa wants to extend its…
Cardano Is Now 6th Most Valuable Crypto Following Vasil Hard Fork.
Cardano has also seen gains in the last seven days, with its price rising by 14%. As a result of its recent…
German Retail Sales Drop In April As Food Prices Bite.
German retail sales fell by more than expected in April as consumers feel the pinch of higher prices. Especially…
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…
CBN Raises Online Transfer Limit To N25 Million And N250million For Individuals…
The Central Bank of Nigeria (CBN) has raised the limit for ‘Highly Secured Online Funds Transfer'. This begins…
Bitcoin Miners Now Selling Their Holdings As Bearish Market Persists.
It looks like the bearish market is hitting all sectors of the cryptocurrency space. Including those that are…
Walmart To Add 4,000 Jobs With Four New U.S. Fulfillment Centers.
Walmart Inc announced plans to open four new fulfillment centers in the United States over the next two years.…
Ripple Aims To Acquire Additional Projects Despite Crypto Winter.
Ripple CEO, Brad Garlinghouse said the San Francisco-based payments company will explore acquiring additional…
Japan Passes Stablecoin Bill Focused On Investor Protection
A Northeast Asian country, Japan, becomes one of the first major economies to introduce a legal framework…
Venture Capital Crypto Investments Decline By 38% In May 2022.
Due to the bear run the cryptocurrency space has been experiencing throughout the year, not only are retailers…
Nigeria’s Foreign Trade Rises To N13 Trillion In Q1 2022
Nigeria’s foreign trade rose to N13 trillion in the Q1 of 2022, increasing by 11.1% from N11.7 trillion recorded…
Asia Shares Lifted By U.S. Futures, Oil Climbs
Asian shares joined U.S. stock futures in making cautious gains on Monday ahead of U.S. inflation data this week.…
Nest Egg No More: Inflation Eats Canadian Consumer Cash Pile, Risking Growth
An extra C$8,300 ($6,600) in your pocket. That is roughly how much the average Canadian saved during the pandemic.…
Despite Negative Yield, Investors Oversubscribe CBN’s June 2022 T-Bills By 527%
Nigeria’s high inflation rate has permitted a negative yield in the fixed income market. A whopping 527%…
FG, NEXIM Sign $40m Women In Oil Sector Fund
The Federal Government and the Nigerian Export-Import Bank have signed a $40m intervention fund for women in the…
Crypto Industry Gripped By Anxiety As Bitcoin Wobbles Near Key $20,000 Level
The cryptocurrency industry is on edge, as investors feared contagion from problems at major crypto players could…
Global Markets Quake As Central Banks Grow More Hawkish
Expectations for how drastically central banks need to tighten monetary policy to fight soaring inflation have…
Euro Rises Despite French Election As Dollar Retreats
Euro rose on Monday despite French President Emmanuel Macron losing an absolute majority in the country's…
Top Three Aussie Miners To Shed $11Bn In Market Value As Commodity Rout…
Australia's big three miners were on track to lose more than A$16 billion ($11.12 billion) in combined market…
China’s Oil Imports In May From Russia Soar To A Record, Surpassing Top…
China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi…
Indian Shares Flat As Metals Counter Gains In Consumer Stocks
Indian shares were little changed on Monday, with gains in consumer stocks offset by losses in metals, while…
Danone Trims Product Range As Shoppers Balk At High Prices
French food giant Danone (DANO.PA) is cutting the variety of products it sells to retailers to reduce costs.…
Babel Finance Suspends Withdrawals As Crypto Markets Slump
Hong Kong-based Babel Finance temporarily suspended the withdrawals and redemptions of crypto assets on Friday. As…