Maersk, Safmarine deny dumping Lagos, as port challenges affect operations
Despite challenges affecting their operations in Lagos port, Maersk, the world’s largest container carrier, and Safmarine, a subsidiary of Maersk,…
Day: February 10, 2020
Toyota suspends operations in China over Coronavirus outbreak
Toyota, the world’s second-largest automaker, has announced that its auto plants located in China would remain shut due to the…
Aella Credit raises $10 million debt financing round from Singapore
Aella Credit said it has secured a $10 million debt financing round from Singaporean company – HQ Financial Group. This…
Leveraging capital market potential to accelerate growth
Capital market, globally, is one of the most important platforms for financial deals, particularly, in raising capital for economic activities…
How N7.5 billion GPW will boost policy holders’ confidence
As insurers express commitment to the ongoing industry recapitalisation exercise, they have explained that a process is a form of…
Investors still wary despite Finance Act’s facelift
Until the numbers begin to fall in place and infrastructure investments that are needed to facilitate businesses are clearly seen,…
3 Reasons Why the Stock Market is Headed for a Devastating Crash
The Wuhan coronavirus outbreak is getting worse by the day, but thanks to massive central bank intervention, stock markets shrugged…
Tesla surges 9% after reopening its Shanghai factory following coronavirus shutdown (TSLA)
Tesla’s Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government…
Jeff Bezos Is Selling Because Amazon Stock Is In Serious Trouble
Jeff Bezos has been on an Amazon stock (NASDAQ:AMZN) selling spree. In the last week, he dumped $4 billion worth…
IMF moves to replace first Deputy MD, David Lipton
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has announced that the institution’s first Deputy Managing Director,…
Ecobank holds digital skills training for female entrepreneurs
ECOBANK Nigeria has trained over 140 female business owners on digital marketing skills as part of its initiative to continuously…
Mixed earning reports, rebound in T-bills stop rate to pressure equities
AS quoted companies continue to release their 2019 full year earnings reports, investment analysts have indicated the possibility of negative…
Tony Elumelu Foundation disburses first tranche of $5million partnership commitment from African Development Bank
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and its President, Akinwumi Adesina, on their commitment to…
Flour Mills finance cost drops by 20% to N4.3 bn in Q3
FLOUR Mills Nigeria Plc has recorded 20 percent, year-on-year decline in its finance cost to N4.3 billion, in the third…
Nigeria to receive first tranche of World Bank’s $3 billion loan soon
Nigeria is expected to receive the first tranche of its $3 billion loan request from World Bank as soon as…
Recapitalisation: Insurance stocks dormant despite deadline extension
THE shift in the deadline for insurance firms to beef up their capital in compliance with the new minimum capital…
New VAT regime, upward inflationary pressures are key economic headwinds – Cordros Research
Cordros Research has declared that the new Value Added Tax, VAT regime and persistent upward inflationary pressure are key economic…
100 tonnes of mutilated naira notes destroyed weekly—CBN
THE Central Bank of Nigeria (CBN) said that about 100 tonnes of bad naira notes were generated as waste and…
Investors lose N153.6 bn amid sell-offs in blue-chip companies
Investors in the nation’s stock market on Monday (today) lost over N153.6 billion of their investment following the sell-offs of…