Femi Otedola Increases Stake By N18.9bn, Becomes First Bank’s Largest Shareholder
Nigerian billionaire Femi Otedola has emerged as the largest shareholder of FBN Holdings, increasing his stake to 9.41%. This move came after Otedola...
German Govt. Agency Transfers Bitcoin Worth Over $400 Million, Sends Some To Crypto Exchanges – Arkham
A German government agency has transferred a significant amount of Bitcoin, valued at $425 million, to another wallet and various crypto exchange deposit...
Swiss Central Bank Cuts Interest Rates For Second Time This Year
The Swiss National Bank (SNB) has cut its key interest rate for the second time this year, reducing it by 25 basis points...
Cargo From Oldest Deep-Sea Shipwreck Discovered Off Israel’s Coast
Israeli archaeologists have discovered cargo from what is believed to be the oldest deep-sea shipwreck ever found. The remains, dated around 3,300 years...
UK’s Inflation Hits 2% Target for First Time in Three Years
The UK’s inflation rate has reached the Bank of England’s target of 2% for the first time in nearly three years, according to...
Public Pressure Makes Kenyan Govt. Drop Proposed Taxes On Bread, FX, More
Kenya’s government has amended the controversial Finance Bill 2024 and retracted several proposed tax hikes. This was in response to widespread opposition and...
Nvidia Becomes World’s Most Valuable Company Amid AI Boom
Nvidia, a key artificial intelligence (AI) sector player, has become the world’s most valuable company. On Tuesday, its market capitalisation soared to $3.34...
Ghana’s GDP Growth Hits 4.7% In Q1 2024, Fastest In Two Years
Ghana’s economy experienced its fastest growth in over two years, with GDP increasing by 4.7% in the first quarter of 2024. This marked...
Putin Visits Vietnam After North Korea Stop
Russian President Vladimir Putin arrived in Vietnam on Thursday morning following a high-profile visit to North Korea. Putin was accompanied by a large...
South Africa Expected To Maintain Interest Rate As Inflation Holds Steady In May
South Africa’s inflation rate remained steady in May, increasing the likelihood that the central bank will maintain its current interest rate. According to...
TotalEnergies Announces 20% Drop In Profits Due To Nigeria’s Exchange Rate Woes
TotalEnergies Marketing Nigeria Plc has, on Saturday, reported a 20% increase in profits amid the country’s ongoing economic challenges. In its 46th Annual...
MultiChoice Reduces Prices For DStv, GOtv After Court Order
In response to a court order mandating the reversal of a recent price hike, MultiChoice Nigeria has reduced its subscription rates for DStv...