Nigeria news today headlines : Wednesday 12th August 2020
These are the Nigeria news today headlines updates from Nigerian newspaper .
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JKX’s Interim Earnings Hurt As Oil And Gas Prices Tumble
JKX Oil & Gas PLC on Tuesday said its first half revenue fell over 20%, despite posting a rise in output. In the six months ended June 30, revenue fell 23% annually to USD35.1 million from USD45.3 million. The Ukraine-focused energy firm’s pretax profit fell by two-thirds to USD2.0 million from USD6.0 million. The earnings …
Arm Rival SiFive Raises $60 Million From SK Hynix, Aramco
SiFive Inc, a California startup working to commercialize an open-source semiconductor technology, said on Tuesday that it has raised an additional $60 million in funding from investors including SK Hynix (000660.KS) and Saudi Aramco. The company said its existing investors – including venture capital arms from Intel Corp (INTC.O), Qualcomm Inc (QCOM.O) and Western Digital …
Ex-Huawei Bruce Gau Joins Invigors EMEA
Bruce Gau has joined the Invigors / Alta team supporting the group’s activities in the Middle East and Africa regions. His appointment further strengthens the fast-growing Invigors’ team in EMEA and brings additional capability, especially in supporting corporate and project financing activities. Mr Gau is a highly experienced financier with over 25 years of experience …
The Demex Group Closes $4.2M Funding Round
The Demex Group, a Washington DC-based technology company focused on customizing and delivering climate-resilience through financial risk solutions on a global scale, raised $4.2m in seed funding. Backers included Anthemis and IA Capital Group. The company intends to use the funds to build out the team and to support go-to-market for municipalities and enterprise customers, …
Aperol Launches Cocktail Guide For National Prosecco Day
Drinks brand Aperol has created the Aperol Spritz-O-Meter to help Brits create perfectly crafted, and refreshing Aperol Spritz this National Prosecco Day. Online searches for the classic Italian Aperol Spritz have shot through the roof, by 83% since March as Brits seek to recreate the cocktail at home, yet only a quarter (26%) of Aperol …
Echo Falls Launches Hard Seltzer Range
Wine brand Echo Falls has added a range of Rosé Seltzers to its portfolio, in a move designed to “appeal to consumers looking to moderate their alcohol consumption”. The range is available in Blueberry & Hibiscus, Strawberry & Pink Pepper, and Raspberry, Lychee & Rosé flavours, combining Rosé wine, sparkling water, and fruit flavours, in …
Irish Sales Fall At Dominos
Fast food chain Dominos has reported a fall in sales in Ireland for the 26 weeks ended June 28. Sales here were down 3.6pc, excluding stores opened near another outlet in so-called split territories, against what the company said was a “strong comparative.” The performance here contrasts with the UK where the company saw sales …
Oxford University Looks To Power Aircraft With Ammonia
On Sunday, it was revealed that, after a breakthrough at Oxford University, we could be close to seeing commercial airliners powered by ammonia instead of kerosene. The British technology would result in zero-emission aircraft, and airlines would be able to adapt their existing fleets rather than having to buy redesigned planes. The Telegraph reported on Sunday …
Altcoin Market Capitalization Breaches Key Resistance Level
At over $140 billion, the altcoin market capitalization has broken multi-year resistance levels. This should come as no surprise when looking at the truly monumental gains that many altcoins have enjoyed over the past few months. Developments surrounding Ethereum (ETH) 2.0 and the budding decentralized finance (DeFi) industry are helping to push altcoin valuations even …
European Airlines Ask Canada To Lift Travel Restrictions
In a letter dated late last month, top European airline executives, including those at Air France-KLM and Lufthansa, urged the Canadian Government to ease its travel restrictions for foreign nationals. They warned that most European countries would open their borders only when the measures are reciprocal. Nearly a dozen European airline and airport top executives recently sent …
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