Shares of Evergrande on Monday plunged to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for

The Executive Board of Deutsche Lufthansa AG today, with the approval of the Company’s Supervisory Board, resolved to utilize the Authorized Capital C for a capital increase with subscription rights

The World Bank Group, the African Development Bank (AfDB) and The Global Forum a leading multilateral body mandated on Transparency and Exchange of Information for Tax Purposes (Global Forum), have

Nigeria’s presidency on Saturday confirmed the 15 major projects spread across the country’s six geo-political zones to be financed with the proposed $4 billion loan to be sourced from multilateral

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday vowed to send the Economic and Finance Crimes Commission (EFCC) and other security agencies after Nigerians

The Central Bank of Nigeria’s Monetary Policy Committee (CBN’s MPC) has agreed to retain its key lending rate at 11.5 per cent, while keeping all other monetary parameters unchanged. The

As part of the US banks expansion into the UK retail banking and investment market, JPMorgan American multinational investment bank has agreed to buy UK digital wealth manager Nutmeg. The

Three years after it issued a debt instrument in the International Capital Market (ICM) with a $2.5 billion aggregate Eurobonds under its Global Medium Term Note Programme, Nigeria has announced

The current challenge of dollar-crunch in Nigeria may hinder plans by Royal Dutch Shell to sell off its onshore and shallow water assets, being managed by its Nigerian unit, the

Nigeria’s current public debt stock is unsustainable even though the country’s debt-to-Gross Domestic Product (GDP) ratio at 35 per cent seems comfortable, Chairman of President Muhammadu Buhari’s Economic Advisory Council

SpaceX’s first private flight streaked into orbit Wednesday night with two contest winners, a health care worker and their rich sponsor, the most ambitious leap yet in space tourism. It

Lagos State Governor, Babajide Sanwo-Olu has signed a memorandum of understanding (MoU) with FMDQ Group and Financial Sector Deepening (FSD) Africa, on the proposed N25 billion (over $60 million) green

The Rivers State government on Tuesday asked the Supreme Court of Nigeria to quash the ruling of the Court of Appeal, Abuja Division, which ordered parties to maintain Status Quo

Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant

Macau casino operator stocks plummeted by as much as a third on Wednesday, losing around $14 billion in value, as the government kicked off a public consultation that investors fear

Alibaba Group Holding Limited has led investments worth more than $300 million into Chinese autonomous driving start-up called DeepRoute.ai DeepRoute.ai makes self-driving systems for vehicles that involve hardware and software.

South Korea’s competition regulator has vowed to fine Google the U.S. tech giant, $176.9 million (207.4b Korean won) for allegedly using its dominant market position in the mobile operating system

The Organisation of Petroleum Exporting Countries (OPEC) on Monday expanded its global oil demand forecast for 2022 by almost one million barrels per day (bpd), to 100.83 million bpd. This

Fidelity Bank Plc has reported a profit before tax (PBT) increase of 72.4 percent to N20 billion for half year (H1) ended June 31, 2021, as against the N12 billion