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UK economy shrinks by 0.2%, recession looms

The United Kingdom appears to be heading into recession after the latest official figures showed the economy shrank between July and September. BBC reported that the economy contracted by 0.2% between July and September as soaring prices hit businesses and households nationwide. A recession is a significant, widespread, and prolonged downturn in economic […]

aadelekepdnlimited-com
11th November 2022
2 Comments
234 Views

Subsidy removal: Petrol may hit N410 per litre – NNPC

The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that without fuel subsidy, the Premium Motor Spirit, known better as petrol may cost N410 per litre. This is as he disclosed that the national oil company cannot sustain the current price of N170 per litre. Kyari said this on Wednesday at […]

aakilani769gmail-com
10th November 2022
0 Comments
211 Views

Crypto

Crypto billionaire Bankman-Fried loses 94% wealth

Crypto billionaire, Sam Bankman-Fried, has experienced a 94 per cent overnight decline in his wealth, according to the Bloomberg Billionaires Index. The Bloomberg wealth index predicted that current FTX investors, such as Bankman-Fried and Alameda, will lose everything due to Binance’s upcoming bailout of FTX. Sam Bankman’s net worth had decreased from $15.6 billion on […]

jonuorahpdnlimited-com
9th November 2022
0 Comments
177 Views

Nigeria’s debt hits N42.84tn in Q2 – NBS

Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion (103.31 billion dollars) in the corresponding period in 2022. Public debt stock includes external and domestic debts. The National Bureau of Statistics made the declaration in its Nigerian Domestic and Foreign Debt Report for Q2 […]

agencyreport
9th November 2022
0 Comments
201 Views

News

Musk sells $3.9bn Tesla shares after Twitter deal

Tesla boss and new Twitter CEO, Elon Musk, has sold another 19.5 million shares of the electric car maker worth $3.95bn. This is coming less than two weeks after the world’s richest man completed his $44bn takeover of Twitter. BBC reported that Tesla’s share price has fallen by more than 50% since the […]

aadelekepdnlimited-com
9th November 2022
1 Comment
234 Views

Tech

Binanace to acquire rival crypto platform FTX

The world’s largest cryptocurrency company, Binance has reached a deal to acquire its rival FTX.COM. Although, the transaction excludes FTX.us and Binance.us two distinct companies focused on the United States. The deal was confirmed by FXT founder and CEO, Sam Bankman Fried on Tuesday via his official Twitter handle. In his tweet […]

aadelekepdnlimited-com
9th November 2022
1 Comment
208 Views

Oil and Gas

NUPENG suspends proposed strike after LASG intervention

The National Union of Petroleum and Natural Gas Workers has called off its proposed strike before the November 6 ultimatum following the Lagos State government intervention. The NUPENG chairman in Lagos, Tayo Aboyeji told the News Agency of Nigeria, on Tuesday, that the intervention of the state government was instrumental in calling off the […]

aadelekepdnlimited-com
8th November 2022
0 Comments
249 Views

Business News

Petroleum marketers demand access to forex

The Depots, and Petroleum Products Marketers Association of Nigeria on Tuesday asked the Federal Government to allow its members access foreign exchange at the official rate. The association said such gesture would boost fuel supply across the country. The DAPPMAN’s Chairman, Mrs Winifred Akpani, while speaking during a press conference in Lagos State, said accessing […]

aakilani769gmail-com
8th November 2022
2 Comments
292 Views

E-commerce

Binance approves naira deposits, withdrawals

Binance, the world’s biggest cryptocurrency exchange firm, announced that it now allows naira deposits and withdrawals. The firm made this announcement via its BinanceAfrica Twitter handle on Monday, November 7. It tweeted, “Cashlink is now live on @BinanceAfrica to enable deposits and withdrawals of Fiat (NGN). #Biglinkup #NGNisBackonBinance” To this end, Nigerian […]

aadelekepdnlimited-com
8th November 2022
0 Comments
342 Views

How governors can improve IGR – Commission

The Fiscal Responsibility Commission has advised state governors across Nigeria to develop revenue-generating mechanisms in their respective states. The commission’s Executive Chairman, Victor Muruako, said it was important for governors to exploit their ingenuity in preparing for post crude oil revenue era. Muruako gave the advice on Tuesday during the opening of a three-day technical […]

agencyreport
8th November 2022
1 Comment
290 Views

Energy

Rwanda launches $104m green investment facility

In its bid to spur investment in private sector-led green growth through sustainable financing, Rwanda has launched a new 104 million dollars green investment facility. Rwandan President Paul Kagame said $104 million initial capitalisation was provided by the Development Bank of Rwanda and other partners. The initiative named Irene Invest was launched as a side […]

agencyreport
8th November 2022
1 Comment
294 Views

Business

Jumia CEOs step down as new management emerge

The co-founders of Jumia, Jeremy Hodara and Sacha Poignonnec, have stepped down as co-CEOs of the African eCommerce giant This is as the company announced several management changes, including the establishment of a new management board, according to TechCabal. While the search for a permanent CEO is ongoing, Francis Dufay has been named by the […]

jonuorahpdnlimited-com
8th November 2022
0 Comments
274 Views

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