The Nigerian Export Promotion Council (NEPC) says it has issued licences to thirteen domestic export warehouse (DEW) operators across all geopolitical zones in the country. Ezra Yakusak, executive director/CEO, NEPC, said this …
- BusinessEconomyGlobal NewsUncategorized
IMF Cuts Global Growth Outlook Warning High Inflation Browbeat Recession.
The International Monetary Fund (IMF) cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy …
Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …
- Banking, Finance & InvestmentBusinessSouthern Africa
South Africa’s banking regulator warns SA banks against high risk of money laundry
South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas …
Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand. The …
- BusinessEnergyGlobal NewsSouth AfricaSouthern Africa
Glencore strikes one of Japan’s most expensive ever cool deals
Glencore Plc, the mining and commodity trading giant, agreed to supply coal to a Japanese customer at one of the highest prices ever paid by the nation, threatening to further …
The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion being revenue that was generated in June 2022 to the federal government, states and local governments …
- BusinessGlobal NewsInformation TechnologyNewsTelecommunications
Ericsson completes acquisition of Vonage
Ericsson has completed its acquisition of Vonage Holdings Corp. (Vonage), supporting Ericsson’s strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. The acquisition provides …
- AfricaBusiness and EconomyNewsNigeriaWestern Africa
IMF retains Nigeria’s 2022 growth prospect at 3.4%
The International Monetary Fund (IMF) has retained projected economic growth of 3.4 percent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) …
Shoprite witnessed an increase in share price by almost 5% on Tuesday morning after the company reported strong sales growth for the 52 weeks to 3 July 2022. Sales climbed …