Alphabet Exceeds Q2 Expectations, Driven By Digital Ads, Cloud Computing
Alphabet has beaten Q2 estimates, driven by digital ad sales and cloud computing growth, with net income rising 28.6% to $23.6 billion.
Alphabet has beaten Q2 estimates, driven by digital ad sales and cloud computing growth, with net income rising 28.6% to $23.6 billion.
Coca-Cola has raised sales guidance, expects 9-10% organic growth this year, up from previous forecast of 8-9% growth.
LVMH has discovered a 14% sales drop in Asia as China’s economic slowdown and crackdown on luxury displays take effect.
Access Bank has announced that its QuickBucks platform has granted 18 million digital loans totaling N740 billion since its 2017 launch.
In its fourth consecutive hike since February, the CBN has increased the MPR by 50 basis points to 26.75%.
The CBN has raised the Interest rate by 50 basis points to 26.75% from 26.25%.
Peter Obi has warned about Nigeria’s economic decline, noting that GDP growth fell from 6.72% to 2.79% since 2015
Nigeria has demanded 5% renewable energy compliance from power distribution companies, introducing funding initiatives to enhance renewable energy deployment.
Bitcoin has surpassed Visa and mastercard in daily transaction volume, with market cap of $1.327trn as global crypto market hits $2.45trn
Boeing has scaled back its Farnborough Air Show presence amid ongoing safety issues, while Airbus showcased its new A321XLR.
Dangote Refinery is negotiating with Libya and Angola for crude oil to tackle domestic supply challenges
An Abuja-bound Max Air flight with 119 passengers became disabled at Yola Airport after losing all four tyres while taxiing.
Kelvin Emmanuel has blamed NNPC for Dangote having to import crude, and urged the National Assembly to commence a probe.
Dangote proposes that the CEO of NMDPRA and a Dangote refinery representative, conduct tests across different filling stations for transparency.
CBN has introduced new guidelines for managing dormant accounts and unclaimed balances, requiring transfers to the apex bank after 10 years.
Banking stocks on NGX have depreciated after the Senate’s retroactive amendment to the Finance Act 2023 and windfall tax proposal.
Tinubu promises reforms will make Nigeria globally competitive while ENI boss Claudio Descalzi assures Nigerians that investors are not leaving.
“Air Peace has never dry-leased any aircraft since its inception and has never been blacklisted by any lessor,” the airline said.
CBN has approved the sale of $20,000 to each eligible BDC operator at N1,450/$ to meet demand for invisible transactions.
Investors have warned that amending the Finance Act 2023 could undermine confidence and negatively impact Nigeria’s investment climate if enacted.
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