This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards. Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers, wherever they…
Buoyant bitcoin stirs crypto-bubble fears
Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds…
India buys first US sweet crude, deals threaten Nigeria market
India’s state-run refiner Bharat Petroleum Corp Ltd (BPCL) bought one million barrels of US crude oil grade, the West Texas Intermediate (WTI) Midland sweet crude, for delivery in October, making it BPCL’s first purchase of the sweet variety from the…
DFCU Bank sued for failure to payoff Crane Bank debts
The Commercial Court has summoned DFCU bank to file a defence within 15 days explaining why it has refused to pay debts that were incurred by the now closed Crane Bank. This follows a suit filed by an advertising company…
Dollar slumps on Russia probe report, Tokyo stocks slide
The beleaguered dollar struggled to recover from a fresh slump Friday triggered by a report on the probe into alleged Russian interference in the US election. The greenback was under sustained pressure against the Japanese yen, testing 110 in…
US stocks slip, with bigger losses for smaller companies
Losses for energy and technology companies left most U.S. stocks lower on Thursday. Smaller companies fared worse as the dollar remained at 15-month lows. Energy companies weakened as the price of oil turned lower, and technology companies declined as Apple…
MTN subscribers decline by 14% in Nigeria
Nigeria is MTN’s largest market with at least a quarter of its 240m subscribers. MTN Group on Thursday reported that its subscriber base had declined by 14.3 percent to 53.1 million in Nigeria in six months. This follows a review…
Malaysia central bank urged to reopen probe on indebted fund
Malaysian opposition lawmakers urged the central bank Thursday to reopen its investigation into indebted state investment fund 1MDB that is being probed in several countries for money laundering and implicating Prime Minister Najib Razak. Some 30 lawmakers staged a…
Equity inks Sh300m deal to finance small-scale farmers
Equity Bank and the Ministry of Agriculture have signed a Sh300 million agreement to finance farmers under phase two of the Agricultural Credit Guarantee Scheme (ACGS), in which the government provides collateral. The partnership is a risk-sharing arrangement where the government…
Pandora Media’s revenue beats on advertising boost
Pandora Media Inc reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition.The company’s shares were up 1.4 percent in choppy after-hours trading on Monday. The stock was up 6 percent after the…