UK inflation unexpectedly hits six-month high in January, pushed up by fuel prices
British inflation unexpectedly struck a six-month high in January, pushed up by higher petrol prices and a…
Senate invites Bigi and Pepsi manufacturers, as stiff competition continues
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers…
Wema Bank clears the air on alleged contempt suit
The management of Wema Bank has cleared the air on the alleged contempt suit that was earlier filed against it by…
Nigeria lost $750 million to crude oil theft in 2019 – NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said Nigeria lost…
Asia markets bounce back as investors monitor China’s return to production
Asia markets mostly recovered on Wednesday after tumbling a day before, with investors closely monitoring…
Continued border closure not sustainable – MAN
The Manufacturers Association of Nigeria has said that the continued closure of the country’s land borders is…
SIFAX, SAHCO plan expansion across Africa
IFAX Group, the parent company of Skyway Aviation Handling Company Plc has said it plans to expand its operations…
Accountant General fails to explain N2.9bn IPPIS funds, Senators kick
The Senate Public Accounts Committee adjourned abruptly on Tuesday following the inability of the Office of the…
Diverted flights: Some Nigerian passengers return by road
Some Nigerians stranded in Accra, Ghana after their flights were diverted due to inclement weather at the Murtala…
ICRC commends Sifax on concession agreement
THE Infrastructure Concession Regulatory Commission has commended the management of SIFAX Group for its level of…
Shipping industry operators rally support for SON
THE leadership of the Association of Nigeria Licensed Customs Agents, ANLCA, has pledged to partner with the…
Petroleum products, bulk wheat dominate cargo throughput
REFINED petroleum products still dominate the nation’s import chart as over 316,247 metric tonnes of different…
Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him…
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates.
After Gates said he bought…
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed…
The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector…
Nasdaq rises, heads for record close as Apple shares cut losses
The Nasdaq Composite traded slightly higher on Tuesday as gains from Netflix and Google-parent Alphabet offset…
GM, Fiat Chrysler and Toyota resume auto production in China
General Motors, Fiat Chrysler and Toyota Motor on Tuesday confirmed that they’ve reopened their factories or are…
Nigeria’s GDP forecast for 2020 to drop – IMF
The International Monetary Fund (IMF) has reviewed its projected GDP for Nigeria from 2.5% to 2% in 2020. The…
CBN’s forex intervention is counter-productive – Manufacturers
The Manufacturers Association of Nigeria (MAN) has lamented over the low rate that local raw materials are utilized…
Restructuring: HSBC to cut 35,000 jobs in next 3 years
Banking giant, Hongkong and Shanghai Banking Corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in…
Apple shares skid on worries over coronavirus impact
Apple shares slumped on Wall Street Tuesday after the US tech giant warned of a bigger-than-anticipated financial…
Inflation rises to 12.13%, highest in 22 months
The National Bureau of Statistics, on Tuesday, released the Consumer Price Index which measures inflation with the…
Japan’s Horrific GDP Spiral Poses Major U.S. Stock Market Threat
The global economic outlook saw another dark storm-cloud brewing on Sunday evening as Japan, the world’s 3rd…
Markets Wrap
The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for…
HSBC misses expectations on 2019 pre-tax profit, shares down nearly 3%
HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill…
AfDB to support agro-processing zones with $300m
The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones…
Operators project another negative market as investors lose N162bn
CAPITAL market operators have said that the equities market will record another week of negative returns following…
Keystone Bank partners NCF on tree planting campaign
KEYSTONE Bank Limited has partnered with the Nigerian Conservation Foundation (NCF) on a tree-planting campaign in…
Coca-Cola Beat Earnings, but Shares Have Gone Parabolic
The Coca-Cola Company (KO) reported better-then-expected earnings before the opening bell on Jan. 30. The stock…
Our tariffs up by 50% April 1 –Ikeja Disco
Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April.
The Disco disclosed this in…
Why telcos retain old SIM users’ records, by ALTON
Telecommunication operators retain the records of former users of old SIM cards in their archives for legal…