Telecoms: Nigeria’s Data Usage Rises By 202% In Three Years
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications…
Nigeria: Importation Of Petroleum Products Will Soon Be Over
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum…
Nigeria: Stakeholders Proffer Solution To Better Intra-African Trade
As Africa gears toward the implementation of the African Continental Free Trade Area (AfCFTA) agreement,…
Nigeria: CBN Threatens Prosecution Of Forex Policy Defaulters
Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central…
Nigeria: At N513m, Securities Lending On NGX Hits Historical Record
The Nigerian Exchange (NGX) Limited has disclosed that value of Securities Lending market increased to…
European Stocks Set To Retreat As Global Markets Subdued Ahead Of Fed Symposium
European shares are set to pull back Thursday, with global markets striking a cautious tone as U.S. Federal…
Xiaomi Acquires Autonomous Driving Firm As It Looks To Boost Nascent Electric…
Chinese electronics giant Xiaomi has acquired an autonomous driving start-up, jumping into an extremely competitive…
China’s After-School Crackdown Wipes Out Many Jobs Overnight
For hundreds of thousands of Chinese people, Beijing’s crackdown on after-school tutoring this summer means…
Microsoft Hires Former Amazon Cloud Executive Charlie Bell
Microsoft has hired Amazon cloud executive Charlie Bell as a corporate vice president, CNBC has confirmed.
The…
Australia’s Qantas Hopes To Resume International Flights By Christmas, CEO says
Australian carrier Qantas expects international flights to the U.S., the U.K. and parts of Asia to resume by…
South Korea Hikes Interest Rates, The First Developed Economy To Do So In Pandemic…
South Korea’s central bank raised interest rates on Thursday in a decision that was expected as financial risks…
S&P 500, Nasdaq Notch All-Time Closing Highs Ahead Of Jackson Hole
Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and…
U.S. Near Deal For Nvidia Supercomputer As It Waits For Delayed Intel Machine…
The U.S. Department of Energy is nearing a deal to purchase a supercomputer made with chips from Nvidia Corp …
EU Extends Deadline On Facebook’s Kustomer Deal To Jan. 7
EU antitrust regulators will decide on Jan. 7 whether to clear Facebook's (FB.O) purchase of U.S. customer service…
Western Digital In Advanced Talks To Merge With Japan’s Kioxia Holdings…
Western Digital Corp (WDC.O) is in advanced talks for a potential $20 billion stock merger with Japanese…
Hybrid Work Demand Fuels Salesforce Earnings Forecast
Salesforce.com Inc (CRM.N) on Wednesday signaled the shift to hybrid work would keep demand for its cloud-based…
Google Brings Samsung 5G Modem Tech To U.S. Market With New Pixel Phone -Sources
Google will tap Samsung Electronics Co Ltd (005930.KS) to supply the 5G modem for its next flagship Pixel smart…
Nigerian E-Naira Currency Could Be A ‘Game Changer’ But Banks Will…
Nigeria is set to test a central bank digital currency from October, a move that could reshape the country's…
South Africa Rebases GDP, Revises Economic Growth Figures
South Africa has rebased its gross domestic product (GDP) survey, with the new data showing the economy was 11%…
CBN, Bankers Committee Have More Money For Creative Industry
The Central Bank of Nigeria (CBN) led by Godwin Emefiele, its governor, and the bankers committee still have more…
FX: Customers To Return Unutilized PTA/BTA Within 2 Weeks
Customers who approached commercial banks for the purchase of foreign exchange (FX) at cheaper rates especially for…
Gold Eases On Steady Dollar, Focus On Jackson Hole
Gold retreated below $1,800 on Wednesday as the dollar halted its slide while investors sought cues on the timeline…
Turkish Lira Rises In Muted FX Trade As Focus Turns To Jackson Hole
The Turkish lira rose on Wednesday while other emerging market currencies were muted as investors turned to an…
Nigerian Tax Tribunal Orders Multichoice To Pay 50% Of Disputed $4.4 Bln Tax Bill
A Nigerian tax tribunal ordered the local unit of South Africa’s pay-TV company Multichoice to pay 50% of a…
Ghana’s Currency Heads For Weakest-Ever Close Vs Dollar
The biggest injection of dollars yet by Ghana’s central bank failed to stem the cedi’s slide on Wednesday amid a…
China Reopens World’s Third Busiest Port After Partial Virus Halt
China reopened a key terminal at the world's third-busiest cargo port on Wednesday, after a shutdown to control the…
Banks Come Under Fire As Fraud Cases Reach New Heights
In the wake of the pandemic has come a scammers epidemic. The crime is so widespread, aggressive and…
Oil Steadies Near $71 After Two-Day Rally
Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to…
Sterling Steady, Currency Markets Lack Momentum Ahead Of Jackson Hole
Sterling was little changed on Wednesday, lacking direction as investors waited for the Federal Reserve’s annual…
Dollar Perks Up To Trade Above One-Week Low On Delta Variant Fears
The safe-haven dollar gained on Wednesday to trade above a one-week low versus major peers amid concerns that the…