Labour Seeks Special Allocation Of Forex To Manufacturers
Organised Labour has pleaded with the Federal Government to devise a special arrangement to ensure that foreign…
2022 Budget: FG Crashes Capital Expenditure, Despite Higher Earnings
The Federal Government’s fiscal operations in 2022 is set for contraction, despite higher oil earnings…
Oil Rises On Bargain-Hunting, Expectations That OPEC+ Will Not Boost Supply Soon
Oil prices rose on Tuesday, recovering from the previous day’s losses, as investors sought bargains and on…
Nigerian Equities Beat Global Stocks With N371b Gain
Nigerian equities closed weekend upbeat ahead of other major global stock markets with increased demand for…
Flee From Investments With Unrealistic Returns—SEC Warns Nigerians
For the umpteenth time, Nigerians have been warned to flee from investments that promise to offer them unrealistic…
India’s July Palm Oil Imports Plunge 43%, Says Trade Body
India's July palm oil imports plunged 43% from a year earlier to their lowest in five months, a leading trade body…
Tesla Expands Legal, External Relations Workforce In China
Tesla Inc (TSLA.O) is hiring managers for legal and external relations teams in China, according to a job post on…
EV Startups Hunt For Low-Cost Roads To Mass Production
Electric car and van startups racing to become the next Tesla Inc (TSLA.O) all want to avoid Elon Musk's journey…
Home Depot’s U.S. Sales Slow As DIY Frenzy Tapers Off
Home Depot Inc (HD.N) on Tuesday fell short of U.S. same-store sales estimates for the first time in nearly two…
Walmart Raises Forecast As People Return To Stores; Online Sales Slow
Walmart Inc (WMT.N)increased its annual U.S. same-store sales forecast after beating analysts' estimates on…
Automobile Shortages Weigh On U.S. Retail Sales
U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a…
Bill Ackman SPAC Sued , Plaintiffs Say Sponsors Got ‘Staggering Compensation’
Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday that alleged the blank-check company awarded “staggering…
Walmart Earnings Top Estimates Fueled By Strong Grocery Sales And Back-To-School…
Walmart's second-quarter earnings exceeded Wall Street's expectations on Tuesday as the retail giant gained…
ECOWAS Fixes January 2025 Deadline For Adoption Of Cleaner Fuels
Member countries of the Economic Community of West African States (ECOWAS) have set a January 2025 deadline for the…
Economic Outlook Getting Better, Adedipe, Others Claim
Chief Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe and Director, Monetary Policy Department of…
Forex Scarcity, Others Put Pressure On FMCG Companies’ Profits
Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira…
Equities Market Declines By N9bn On Profit-Taking In Banking, Oil & Gas…
Trading on the Nigerian equities market yesterday started the week marginally lower, as investors profit-taking in…
Afghanistan Is A ‘Disaster,’ But These Two Market Risks Are Higher On Invesco’s…
There are two risks high on Invesco’s radar, but the Taliban takeover in Afghanistan isn’t one of them.…
Treasury Yields ebb Lower Ahead Of Retail Sales Data
U.S. Treasury yields ebbed lower on Tuesday, ahead of the release of July’s retail sales data.
The yield on the…
Again, SEC Warns Against Patronage Of Ponzi Schemes
The Securities and Exchange Commission (SEC) has once again, bemoaned the proliferation of fraudulent investment…
China May Align Itself With Taliban And Try To Exploit Afghanistan’s Rare Earth…
Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries — such as China…
Europe Markets Set To Open Lower As Investors Monitor Inflation Data, Afghanistan…
European markets are set to open slightly lower on Tuesday, on track to extend losses after snapping a 10-day…
China Seeks To Tighten Rules On Unfair Internet Competition, Sending Tech Shares…
China’s market regulator issued draft rules on Tuesday aimed at stopping unfair competition on the internet, as…
United State Stock Futures Dip After Dow, S&P 500 Close At Record Highs
U.S. stock index futures were slightly lower during overnight trading Monday, after the Dow and S&P 500 closed…
Chinese Electric Scooter Company Niu Shakes Off Pandemic Slump And Predicts Strong…
Almost three years since Chinese electric scooter start-up Niu Technologies listed in the U.S., the…
T-Mobile Says It Found Unauthorized Access To Data
T-Mobile US Inc (TMUS.O) on Monday acknowledged a data breach but said it was yet to find if any customer…
Beijing Takes Stake, Board Seat In ByteDance’s Key China Entity – The…
The Chinese government has taken a stake and a board seat in TikTok owner ByteDance's key Chinese entity, Beijing…
Roblox Bookings Miss Wall St Target As Easing Curbs Hurt Online Games
Roblox Corp's (RBLX.N) quarterly bookings missed market expectations on Monday, as easing restrictions slowed the…
Analysis: Decentralised Finance: Latest Front In Crypto’s Hacking Problem
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger…
Pearson To Pay $1 Mln To Settle Charges It Misled Investors, U.S. SEC Says
London-based Pearson PLC (PSON.L) will pay $1 million to settle charges it misled investors about a 2018 cyber…