Bank of England rejects major overhaul of cash system
The Bank of England has told top banks to clarify by March, on how they…
U.S. Congress approves boosting debt limit to $31.4 trillion
The U.S. Congress on Tuesday approved raising the federal government's debt limit by $2.5 trillion, to about $31.4…
Nigeria’s debt rises by N2.54tn in three months, hits N38tn, says DMO
On Tuesday the Debt Management Office revealed that Nigeria’s public debt was N38.005tn as of the end of…
Turkish lira slides again after rollercoaster ride to record low
On Tuesday Turkey's lira slid as much as 4% in further volatile trade after tumbling to all-time lows a day earlier…
Eurobond $2Bln Issuance On Halt Over Omicron Concerns
Due to the outbreak of the Omicron COVID-19 variant the federal government has suspended plans to sell additional…
FT Names Elon Musk As ‘Person Of The Year’
Tesla Inc Chief Executive Officer Elon Musk has been named the Financial Times newspaper's "Person of the…
YouTube Says Services Fixed After Disruption Affects Thousands
Alphabet YouTube said on Tuesday it has fixed an issue that caused thousands of users to lose access to its…
Reps probe Uber, Bolt, others over tax returns
Car hire service providers like Uber, Bolt, in-drive, and other technology-based transport companies in…
Australian Biopharmaceutical Giant “CSL Ltd” To Buy Swiss Drugmaker ”Vifor Pharma”…
Australian biopharmaceutical giant CSL Ltd (CSL.AX) said it would buy Swiss drugmaker Vifor Pharma AG (VIFN.S) for…
Zenith Bank Cuts Cost Of Funds To Defend Profit In Q3
Zenith Bank Plc defied a generally rising cost of funds in the financial markets and cut interest expenses by close…
Tega Industries Jumps 66% On Debut After Bumper IPO
Kolkata-based Tega Industries Ltd, which offers products and services to the mining industry, made a stellar debut…
Stock Futures Tick Higher Ahead Of Key Inflation Data, Fed Meeting
U.S. stock index futures rose during early morning trading Tuesday after the major averages started the week in the…
Elon Musk Sells More Tesla Shares
SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around…
Chinese Social Networking Giant “Weibo” Shares Tumbled More Than 9%
Hong Kong-listed shares of Chinese social networking giant Weibo tumbled more than 9% on Tuesday, as regulators…
Facebook Owner Is Behind $60 Mln Deal For Meta Name Rights
Meta Platforms Inc, the owner of social media network Facebook, is behind a $60 million deal to acquire the…
FG To Introduce New Taxes, Tarrifs And Levies
The Federal Government has indicated the possibility of introducing new taxes, tariffs and levies as part of…
Zoom To Charge Nigerians 7.5 Percent VAT
Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers…
MTN, Mafab Win 5G Licence, To Pay N227bn To FG
In a dramatic fashion, a telecom under dog, MAFAB Communications, emerged from nowhere, Monday, to become one of…
Nigeria Regains Position As Crude Oul Output Increase
Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil…
MTN, Airtel, Mafab Enter 5th Round As 5G Auction
The current price per lot of the 100MHz band of the 3.5GHz spectrum at the ongoing auction being organised by the…
NCC Completes Mock Session For Spectrum Auction Of 5G
The Nigerian Communications Commission (NCC) has successfully carried out a mock session for the 3.5 gigahertz…
Banks’ Credit To Economy Hits N23.5tn, Says CBN
Banks’ gross credit to the Nigerian economy rose to N23.5tn in November this year, according to figures obtained…
Steelpack Deal Makes Two For Vuna Partners’ Maiden Fund
Vuna Partners, a sector-agnostic mid-market private equity firm which recently hit another milestone for its maiden…
Impose Special Taxes On Alcohol, Cigarette – World Bank Tells FG
The World Bank has called on the Federal Government to impose special taxes on alcohol, cigarettes and…
McDonalds To Hire More People And Open New Restaurants By 2025
U.S fast food chain McDonalds will hire 12,000 people and open 200 new restaurants in Italy by 2025, Dario Baroni,…
Experts Count Coffee Trees In Brazil As Prices Hit 10-Year Highs
Coffee experts working for commodity trading houses are taking to the narrow, winding roads in Brazil's Minas…
U.S. Chipmaker Intel To Invest $7 Bln In New Facility
American chip manufacturer Intel Corporation will invest 30 billion ringgit ($7.10 billion) in a new,…
B Investments Makes First Deal For New Healthcare Platform
B Investments Holding announced the establishment of B Investments in Healthcare, with a licensed capital of LE 1…
RMB Teams Up With ZX Ventures To Back Non-Alcoholic Drinks Firm
South African financial services firm Rand Merchant Bank (RMB) has picked up an equity stake in The Duchess,…