Technology IPhone 11, A Major Booster of Apple’s $91.8 billion Q1 revenue January 30, 2020 Ekemini It is indeed a blissful 2020 for Apple, an American technology company, as its post an impressive 2020 first-quarter result ended in December 2019. The company disclosed that the $91.8…
Local ‘N2tn pension fund for infrastructure’ll come via bonds’ January 30, 2020 Ekemini The N2tn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds, according to findings by The PUNCH on Wednesday. A National…
Local Nigeria’s total debt rises to N26.14 trillion January 30, 2020 Ekemini Nigeria’s total debt stock rose to N26.14 trillion as of the end of September 2019. This is disclosed in the latest report released by the National Bureau of Statistics (NBS). The report…
Banking Union Bank to sell UK subsidiary January 30, 2020 Ekemini Union Bank of Nigeria Plc has entered a share sale and purchase agreement to sell its United Kingdom subsidiary, Union Bank UK Plc. The bank said that following a competitive…
Banking Local Stanbic FY 2019: Modest earnings despite frail Q4 performance January 30, 2020 Ekemini Stanbic recently released its FY 2019 UNAUDITED results wherein Gross Earnings grew 5% y/y growth to N233.8 billion, slightly below our 2019 estimate of N234.2 billion. Profit before tax also…
World Trump signs US Mexico Canada Agreement January 30, 2020 Ekemini US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries’ existing deal closer to fruition. The…
World Facebook stock falls after showing 51% rise in expenses January 30, 2020 Ekemini Facebook beat on top and bottom lines, but the stock fell more than 7% on Wednesday after the company reported rising costs and expenses and a narrowing operating margin. Here…
World Tesla spikes on earnings beat, says Model Y production underway January 30, 2020 Ekemini The company guided that solar and storage deployments should grow at least 50% in 2020. Tesla had already reported deliveries of 112,000 vehicles globally during the fourth quarter, a quarterly…
Banking Local UBA announces board appointments January 30, 2020 Ekemini The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board. A disclosure notice made available to…
Local NSE unveils growth board for startups, SMEs to deepen nation’s capital market January 30, 2020 Ekemini Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the initiative was in line with the Federal Government’s diversification drive for…
Tips How to boost listed firms’ businesses, spur voluntary tax compliance January 30, 2020 Ekemini Capital market investors have underscored the need for government to pay more attention to infrastructure development to enhance businesses of listed firms in Nigeria, and ensure voluntary tax compliance. The…
Business Local Nigeria To Begin Rice Exportation In 2020 January 30, 2020 Ekemini Increased production and capacity utilisation by rice millers across the country, may have boosted Nigeria’s quest to commence exportation of Rice by 2022. The development comes against the backdrop of…
Business World Boeing posts $636m loss, first in 20 years January 29, 2020 Ekemini Boeing reported on Wednesday its first annual loss since 1997, as the company continues to grapple with the fallout of the 737 Max crisis. Boeing also lost $1.01 billion in…
Business MTN budgets $1.6 billion to invest in Nigeria January 29, 2020 Ekemini The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within…
World Asian stocks fall again over virus fears while US, European markets recover January 28, 2020 Ekemini Worries over the Wuhan coronavirus caused further steep drops on markets in Asia on Tuesday. But stocks in Europe and the United States are bouncing back from Monday’s sharp sell-off.…
Local FG records N1.14 trillion budget deficit in three months January 28, 2020 Ekemini The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded in Q3 of 2019. The Q4 2019 Economic Report released…
Local FG crafting 10-year National Development Plan ― Budget Minister January 28, 2020 Ekemini The federal government is crafting a 10-year National Development Plan, the Minister of State, Budget and National Planning, Prince Clem Agba has revealed. He spoke at a meeting with the…
Local Coronavirus: Companies tell workers ‘stay at home’ January 27, 2020 Ekemini Companies in China have advised staff to work from home in an attempt to slow the spread of the deadly coronavirus. Businesses are also offering workers longer holidays, as well…
Technology World Britain favours Huawei’s 5G rollout as against US January 27, 2020 Ekemini Huawei could be about to find itself at the center of an intense political rift between Britain and the United States this week. London is expected to grant the Chinese…
World Global stock markets roiled as China’s coronavirus spreads January 27, 2020 Ekemini Investors worldwide have been spooked by the rapid spread of the Chinese coronavirus, with stock markets around the globe sharply lower on Monday. The death toll rose to 81 as…
Investing Local FG offers $1.1billion Agric mechanisation scheme January 27, 2020 Ekemini No less than 100,000 youths are to benefit directly from the Federal Government’s $1.1bn agriculture mechanisation scheme known as the Green Imperative Programme. This was disclosed by the Minister of…
Business Local Shakeup in Unilever management following massive losses recorded in 2019 January 27, 2020 Ekemini Last November, Unilever Nigeria announced the resignation of its CEO, Yaw Nsarkoh. Prior to his resignation, Mr Nsarkoh was placed on a leave of absence. Nsarkoh, a Ghanaian citizen, has…
Local Nigeria govt restructures cocoa industry to benefit from $67bn global market January 27, 2020 Ekemini The Federal Government (FG) is collaborating with the Governors of cocoa-producing states and other stakeholders to enable Nigeria benefits from the projected $67.22 billion global cocoa market. This was announced…
Local Recapitalisation: NAICOM plans to retain 70% local content January 27, 2020 Ekemini Equities listed on the Nigerian Stock Exchange generated a total turnover of 1.237 billion shares worth N22.76bn in 21,156 deals last week. This was in contrast to a total of…
Local 7.5% VAT implementation begins February 1 January 27, 2020 Ekemini The Federal Government will from Saturday (February 1) begin the implementation of 7.5 per cent Value Added Tax espoused by the finance law. The law, according to the government, will…
Investing NSE Employees Donate Funds To Support WARIF Foundation January 27, 2020 Ekemini As part of its Employee Give-Back initiative, employees of The Nigerian Stock Exchange (“NSE” or “Exchange”) have donated funds to support the initiatives of the Women at Risk International Foundation…
Banking Firstbank wins mobile app, retail bank awards January 27, 2020 Ekemini First Bank of Nigeria Limited has been named 2019 “Best Mobile Banking App” and the “Fastest Growing Retail Bank” winner by Global Business Outlook. The Global Business Outlook award recognises…
World Coronavirus: European stocks sink as virus sparks investor panic January 27, 2020 Ekemini Europe’s main equity markets plunged at the open on Monday, mirroring losses elsewhere on investor panic over the deadly coronavirus. In initial trades, London’s benchmark FTSE 100 index of major…
World Trump is threatening a damaging new trade war with the United Kingdom after Brexit January 25, 2020 Ekemini President Donald Trump is threatening to launch a damaging new trade war with the United Kingdom as the country prepares to leave the European Union. In recent weeks, the president…
World Bonds look like they are flashing a warning for global markets January 25, 2020 Ekemini A key interest rate is moving to levels last seen in the fall when markets were worried about the trade war, and that falling yield may be a warning signal.…
