Nigerian Billionaire Benedict Peters Eyes Platinum Mine In Zimbabwe
Harare — Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1bn available for the development of a platinum mine…
Year: 2020
Nigerian Stocks Climb To 2-Year High
ABUJA: Nigerian stocks climbed to a more than two-year high on Wednesday as domestic funds bought shares across sectors and…
UK ‘Sleep-Walking’ Into Personal Debt Crisis, Warns Charity
Britain is ‘sleep-walking’ into a personal debt crisis with the number of people in severe problem debt topping a million…
US Immigration Policy Changes Expected Under Biden
The incoming administration of President-elect Joe Biden could swiftly reverse an array of President Donald Trump’s immigration policies, many of…
Africa’s Largest Economy Ratifies Continent Trade Deal
ABUJA: The Nigerian government said Wednesday it had ratified the African Continental Free Trade Area (AfCFTA) — a key step…
YouTube Back Up After Worldwide Outage
YouTube, owned by Alphabet Inc’s Google GOOGL.O, said late on Wednesday it had fixed a glitch that led to a…
OPEC+ Focuses On Delay To Oil-Output Hike Of Three To Six Months
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three…
Analysis: Fear On The Wild Frontier As Riskier Stock Markets Left Trailing
Frontier stocks have trailed bigger emerging markets in recovering from the coronavirus-induced crash as liquidity has dried up and investors…
Nigerian Protests: A Once-In-A-Generation Moment For Change
Last month, the protests that gripped Nigeria for weeks reached a bloody peak. On October 20, security forces opened fire…
CBN Accuses #EndSARS ‘Promoters’ Of Terrorism Financing
The newspaper quotes a written address in support of a motion ex parte filed by the CBN saying the funds…
U.S. Prepares For Worst Four Months Of The Pandemic As It Stares Down The ‘Darkest’ Days Yet
Ohio has had an “unprecedented spike” in Covid-19 hospital admissions. ICU beds in Tulsa, Oklahoma, are full. North Dakota’s hospitals…
What You Need To Know About BioNTech — The European Company Behind Pfizer’s Covid-19 Vaccine
LONDON — Before 2020, Germany’s BioNTech was a relatively little-known biotechnology company. That all changed when Covid-19 arrived. On Monday,…
Georgia Will Recount Presidential Election Ballots By Hand As Biden’s Lead Over Trump Grows
Georgia will conduct a statewide recount of ballots cast in the election between President Donald Trump and President-elect Joe Biden,…
Bernard Arnault Is World’s Second Richest Person, Adding Billions As Market Rallies
Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a net worth of more than…
Pound Hits Two-Month Highs Versus Euro As Vaccine Seen As UK Lifeline
Sterling hit its highest level in more than two months versus the euro on Wednesday as investors were optimistic that…
Dollar Gains Back Strength As Vaccine Optimism Wanes
The U.S. dollar rose on Wednesday as optimism about a potential coronavirus vaccine was offset by worries about how the…
Benefits Of CBN’s Rice Intervention
The thrust of the agricultural policy of the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, especially the…
Fed’s Rosengren Says Next 6 Months Will Be ‘Pretty Choppy’ Despite Vaccine News
LONDON — The next six months will remain turbulent as the global economy keeps grappling with the effects of the…
Russia Says Its Coronavirus Vaccine Is 92% Effective, As Battle To Beat Western Drugmakers Heats Up
Russia said Wednesday its coronavirus vaccine is 92% effective at preventing people from getting Covid-19, based on interim trial results.…
China’s Tech Giants Have Lost More Than $280 Billion In Market Value As Regulatory Concerns Mount
SINGAPORE — Shares of China’s top technology giants were battered on Wednesday as regulatory concerns continue to mount. By the…
Coronavirus Live Updates: EU Agrees To Buy 300 Million Pfizer-BioNTech Doses; Russia Touts Its Own Vaccine Data
The Covid vaccine-powered stock market rally looks to be entering its third day, with the Dow Jones Industrial Average set…
Chipotle To Open Its First Digital-Only Restaurant As Online Orders Soar
Chipotle Mexican Grill will open the doors to its first digital-only restaurant on Saturday. Unlike a traditional Chipotle location, it…
Stocks Making The Biggest Moves Premarket: Alibaba, Lyft, Aurora Cannabis, FuboTV, Tencent Music
Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese…
Covid Vaccine Won’t Be An ‘Instant Stimulus’ To The U.S. Economy, Warns Economist
A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support…
Naira Trades Flat Despite 173.1% Jump In Dollar Demand
There was a sharp rise in the demand for the United States Dollar at the Investors and Exporters (I&E) segment…
‘Loan Defaults Worsened In Third Quarter’
Defaults in unsecured loans to household and small businesses during the third quarter worsened and this is expected to continue…
Don’t Relocate, FG Tells Nigerian Traders In Ghana
The federal government has asked Nigerian traders in Ghana not to relocate but exercise more patience adding that they are…
Nigerians In Canada Flay FG For Freezing #EndSARS Protesters’ Account
A group christened the Coalition of Nigerians in Canada (CONIC) has condemned the Federal Government’s decision to freeze the bank…
CBN To Bear 50 Per Cent Risk Of Agric Loans
The Central Bank of Nigeria (CBN) has agreed to bear 50 per cent credit risk participants of the Accelerated Agriculture…
Rising Hunger, Food Inflation: Need For FG, CBN To Rejig Strategy
In their avowed determination to make Nigeria a self-sufficient entity in food production as a way of increasing food security…