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SoftBank Vision Fund Posts $26 bln Loss; Son Pledges Defence

Japan's SoftBank Group Corp (9984.T) reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and...

Indian Businesses Take UAE Route for Russian Payments

Some Indian businesses and banks are utilizing an previous commerce playbook they’d relied upon throughout the US embargo on Iran to sidestep the sanctions...

Emefiele Meets Buhari as SGF Clarifies Quit Order

Twenty-four hours after President Muhammadu Buhari ordered top government employees seeking political offices to resign, Central Bank of Nigerian (CBN) Governor Godwin Emefiele, visited...

First Bank Violates Listing Rules with Delay in Filing Financial Results

First Bank of Nigeria is Violating stock market listing rules with the unprecedented delay in filing its Full Year (FY} 2021 and First Quarter...

Nigerian Banks Hit by Higher Expenses from Regulatory Costs

Nigerian banks are spending their way into the future as operating expenses have risen to record levels brought on by ballooning regulatory costs that...

World Running Out of Energy Capacity at All Levels – Saudi Minister

Saudi Arabia and the United Arab Emirates warned earlier this week that their spare energy capacity is decreasing in all energy sectors as key...

Abdul Samad Rabiu, 48 Others Conferred with National Productivity Order of Merit Award

Billionaire Industrialist, philanthropist and founder of BUA Group, Abdul Samad Rabiu, has been honoured with the 2019/20 National Productivity Order of Merit Award (NPOM)...

Manchester City On Course to Sell Gabriel Jesus to Arsenal for €50 million

A recent report from Brazil has revealed that Manchester City are now 'on course' to accept a €50 million in order to offload Gabriel...

Apple is No Longer the World’s Most Valuable Company

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according...

Elon Musk Faces SEC Investigation for Belated Disclosure of Twitter Stake, Report Says

Billionaire Elon Musk is reportedly facing a US Securities and Exchange Commission (SEC) investigation for not disclosing his large stake in Twitter on time. The...

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