Best Buy Shares Rise On Earnings Beat, Retailer Says Consumers Are Upgrading Tech To Work At Home
Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers continued upgrade devices and equipment to support habits…
S.Korea Set To Curb Google, Apple Commission Dominance
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping…
Nigeria: FG Earned N1tn from Digital Economy in Two Years, 5G 95% Ready For Deployment
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital sector generated over N1…
Nigeria: 1.2 Million Subscribers Changed Mobile Service Providers – NCC
The number of subscribers that left their mobile telecommunications service providers for other mobile networks rose to 1,222,124 in June…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Nigeria: FG To Unveil Five-Year Development Plan In October
The Federal government on Monday disclosed plans to unveil the Medium-Term National Development Plan 2021-2025 in October. According to the…
Fintech Has The Potential To Change The Capital Market – NGX
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively build a digital economy. This…
Nigeria: United Capital Increases Issuance of CPs to N50bn
United Capital Plc has notified the Nigerian Exchange Limited (NGX) that it has secured the approval of FMDQ Securities Exchange…
Airbnb Says It Will Host 20,000 Afghan Refugees
CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays. “The…
SoftBank Makes First Africa Bet On OPay At $2 Billion Valuation
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking…
Chinese Electric Carmaker Xpeng Starts Exporting Flagship P7 Sedan For The First Time
Xpeng Inc. began shipping its flagship P7 sedan to Europe on Tuesday, underscoring the Chinese electric carmaker’s ambitions to expand…
World Leaders Prepare For Emergency G-7 Meeting On Afghanistan As U.S. Withdrawal Deadline Nears
British Prime Minister Boris Johnson will host an emergency meeting of G-7 leaders Tuesday to address the chaotic situation in…
Elon Musk Says SpaceX Has Shipped 100,000 Starlink Terminals
Elon Musk said in a series of tweets on Monday that his aerospace venture, SpaceX, has shipped 100,000 Starlink terminals…
Walmart Launches Delivery Business To Connect Other Local Retailers With Consumers
Walmart on Tuesday announced the launch of a delivery service called GoLocal, which will carry goods from other local retailers…
European Markets Edge Higher On Pfizer Vaccine Approval And Easing Taper Worries
European stocks edged higher on Tuesday as investors took heart from the U.S. Food and Drug Administration’s full approval of…
Chinese Tech Stocks Rally As JD.com Surges 13%, Tencent Climbs 7%
Hong Kong-listed Chinese tech stocks staged a huge rally Tuesday as investors got a little more clarity on the regulatory…
FG Pays $266.141m Cash Call Arrears To JV Partners In One Year, $1.464bn Outstanding
The federal government through the Nigeria National Petroleum Corporation (NNPC) was only able to pay $266.141 million out of an…
Shareholders Disagree With SEC Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
As Access Bank Intensifies Fight Against Financial System Fraud
Oluchi Chibuzor writes on efforts by Access Bank Plc to protect customers from the activities of fraudsters In recent times,…
NPA Rakes In N300b From Ship Dues At Lagos Ports
The over $1.8million the agency is generating from the lease of the two hoppers is seen by the senior official,…
Brent Oil Jumps With Stocks After Worst Losing Streak Since 2018
Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years.…
Forex Transactions At Investors, Exporters’ Window Fall 24.56%
Foreign exchange transactions at the Investors’ & Exporters window declined by 24.56 per cent last week, according to FMDQ Securities…
Nigeria To Attract $150bn Investment From $4trn Halal Trade
Organisers of the International Halal Expo, Abuja Chamber of Commerce and Industry (ACCI) have stated that Nigeria is expected to…
Declining Forex Reserves Stokes Naira Depreciation
The naira suffered its weakest performance in recent weeks at the weekend after Nigeria’s foreign exchange (forex) reserves recorded its…
Citigroup Says Short Treasuries But Hedge With Bet Against Yuan
China’s sagging growth outlook helped drive up the U.S. dollar, and fresh signs of deterioration are concerning those who had…
Govt N4.8bn Pledge: FG Can’t Be Trusted, Says NARD, We Negotiated With NMA, Minister Insists
The National Association of Resident Doctors, on Sunday, faulted the N4.8bn which the Federal Government promised to release for the…
Private Equity Firms Circling Sainsbury’s With View To Launch Bids – Sunday Times
Private equity companies are circling British supermarket group Sainsbury’s (SBRY.L) with a view to possibly launching bids of more than 7 billion…
Wall Street Analysts Bet On Robinhood’s Potential To Add Users
Wall Street analysts on Monday took a largely upbeat view on Robinhood Markets Inc in their first ratings on the…
Gold Rises Above $1,800 As Dollar Dips On Doubts Fed Will Taper Soon
Gold vaulted over the key $1,800 psychological level on Monday as a retreat in the dollar pushed investors to bullion…
Pfizer To Buy Cancer Drug Developer Trillium In $2.3 Bln Deal
Pfizer Inc (PFE.N) said on Monday it would buy Canadian drug developer Trillium Therapeutics Inc (TRIL.TO) in a $2.26 billion deal to strengthen its…