CBN Announces New Appointments
The Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the Director, Corporate Communications Department,…
Yuan Edges Down After Weak Factory Activity, Awaits More Cues
China’s yuan softened against the U.S. dollar on Wednesday, after signs of slowdown in factory activity and on expectations of…
Online Dating Company ParshipMeet Prepares For IPO In 2022
Rivals such as Bumble and Tinder-owner Match Grouping trade at about 50 times their expected core earnings. That means ParshipMeet could be valued at more than 4 billion euros in the IPO, people close to the matter said.
Hewlett Packard Enterprise Wins $2Bln Computing Service Deal With U.S. National Security Agency
Hewlett Packard Enterprise Co (HPE.N) on Wednesday said it won a 10-year, $2 billion contract to supply high-performance computing systems to the…
Google Appeals France’s ‘Disproportionate’ $591 Million Fine In Copyright Row
Google (GOOGL.O) said on Wednesday it was appealing against a 500 million euro ($591 million) fine imposed by France’s antitrust watchdog in…
Adesina Hails Singapore’s Huge Investments In Africa
Akinwumi Adesina, president of the Africa Development Bank (AfDB), has hailed Singapore’s huge investments in Africa amid the Covid-19 pandemic. Speaking at…
Nigerian Banks Ask Customers To Return Unutilised Dollars Within 2 Weeks
Nigerian banks have asked customers to return unutilised dollars within two weeks from the day of purchase, in response to…
Oil Price Firms Before OPEC+ Policy Meeting
Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is expected to stick to a…
Dutch E-bike Maker Van Moof Raises $128 Million To Expand
Dutch electric bicycle maker Van Moof on Wednesday said it has raised $128 million to expand production and speed its…
FG Disburses N56.8bn To One Million MSMEs
The Federal Government has said that it has disbursed N56.8bn to one million Micro, Small and Medium Scale businesses under…
Power Losses Stifle Oil firms Recovery Efforts After Hurricane Ida
Energy companies’ efforts to get workers back to production platforms and refineries to make repairs after Hurricane Ida lashed Louisiana…
Exclusive Chinese State Firms To Take Big Stake In Ant’s Credit-Scoring JV -Sources
State-backed firms are set to take a sizeable stake in a key Ant Group asset for the first time, three…
China To Step Up Financing Support For Small Firms
China will boost financing support for small firms by increasing annual relending quotas by 300 billion yuan ($46.39 billion), the…
Nigeria’s Center For Disease And Control (NCDC) Boss, Chikwe Ihekweazu, Appointed Assistant DG of WHO
Dr. Chikwe Ihekweazu of Nigeria’s Center for Disease and Control has been appointed Assistant Director-General of the World Health Organization (WHO) in charge of Health Emergency Intelligence with effect from November 1, 2021
OPEC, Other Meet To Decide On Production Increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today) to decide whether to press…
Asia stocks mixed; private survey shows Chinese factory activity shrinking in August
Shares in Asia-Pacific were mixed on Wednesday, as a private survey showed shrinking Chinese factory activity in August. Mainland Chinese…
Gold Listless As Investors Seek Direction From U.S. Jobs Data
Gold prices were little changed on Wednesday as investors awaited a key U.S. jobs report for clues on when the Federal…
Stock Futures Rise Following Another Record-Setting Month For The S&P 500
U.S. stock futures were higher in early morning trading on Wednesday after the S&P 500 notched a seven-month win streak…
Australia Is Considering New Laws For Apple, Google, WeChat Digital Wallets
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such…
Walmart To Hire 20,000 Supply Chain Employees As It Ramps Up For The Holidays
Walmart said Wednesday it plans to hire 20,000 employees to help keep merchandise moving ahead of the anticipated holiday shopping rush.…
European Markets Advance, Looking Past Inflation Data
The pan-European Stoxx 600 gained 0.8% in early trade, with retail stocks climbing 1.5% to lead gains while basic resources slipped…
Google Reportedly Plans To Put Its Own Chips In Chromebook Laptops From 2023
Google is edging closer to rolling out its own central processing units, or CPUs, for its Chromebook laptops, according to a report from…
Treasury Yields Climb Ahead Of ADP employment Report
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of ADP’s August national employment report. The yield on…
Google Delays Office Return Until January As COVID-19 Worries Linger
Alphabet Inc-owned (GOOGL.O) Google is extending its voluntary return-to-office policy through January next year, CEO Sundar Pichai said on Tuesday, citing uncertainty…
Data And AI Platform Databricks Raises $1.6 Bln, Valued At $38 Bln
Databricks, a data analytics platform that uses artificial intelligence, said on Tuesday it raised $1.6 billion to expand its engineering…
Dollar At 3-Week Lows As Traders Await Tapering Clues
The dollar was trading near three-week lows against a basket of currencies on Tuesday, as investors looked to U.S. jobs…
Gold Prices Edge Back Towards 1-Month Peak As Dollar, Yields Slip
Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a weaker dollar and a fall…
Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks
Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the…
Stocks Sit Near Record Highs As Jobs Report Looms
A gauge of global equities headed for its seventh consecutive month of gains on Tuesday, but stocks and the dollar…
S.Korea’s Parliament Passes Bill To Curb Google, Apple Commission Dominance
South Korea’s parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from…