Pension Scheme Assets Hit N18.36tn, Increases by 22%
Data released by the National Pension Commission reveals that the total assets under the Contributory Pension Scheme soared to N18.36tn…
Tag: Market
Unconventional Ventures Targets €30 Million to Invest in Impact Tech Startups in the Nordics
Unconventional Ventures (UV), a venture capital fund focused on impact tech companies with diverse founding teams, is targeting a €30…
Elon Musk Releases Starlink in Nigeria At A Discount
Nigeria is the first nation in Africa to benefit from Elon Musk’s satellite business, SpaceX, which is now open to…
Diesel prices rise 182.6% in a year as a result of high energy costs.
The cost of energy supply has continued to take a depressing toll on Nigerians with the average retail price of…
PENGASSAN intends to Crack Down on Marketers for N650 Gasoline.
The Petroleum and Natural Gas Senior Staff Association of Nigeria raised the alarm that their findings showed that the price…
ECOWAS Adopts New Regulations for the Regional Electricity Market.
The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical policies for the development of the…
Central Bank of Nigeria Recovers N1.9 trillion Following Naira Redesign.
The United Nations has said the Nigerian economy will grow to three percent in 2023 because of robust commodities trade…
Elon Musk Sells at least 3.58billion Worth of Tesla Shares.
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture; according…
Global Equity Funds See Biggest Weekly Outflow In Five Weeks
Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution…
Gogo Inc. To Report Second Quarter 2022 Financial Results On August 5, 2022
Gogo Inc. the world’s largest provider of broadband connectivity services for the business aviation market, today announced that it will…
Unilever’s India unit warns of higher prices as costs pressure margins
Hindustan Unilever Ltd, India’s largest consumer goods maker, warned on Tuesday that high inflation will dent its margins in the…
Exxon Mobil Dividend Yield Pushes Past 4%
In trading on Wednesday, shares of Exxon Mobil were yielding above the 4% mark based on its quarterly dividend (annualized…
Russian McDonald’s Runs Short Of French Fries
Former McDonald’s restaurants in Russia are facing a shortage of French fries due to a poor harvest and Western sanctions…
Nigeria’s Capital Importation Loses $6.92bn, As Inflows Dip In Four Consecutive Quarters
For the period of Q1 2022, NBS disclosed that capital importation, which consists of financial and equipment capital importation, was $1.57 billion,…