The Evergrande Debt Crisis, Explained
Roselyn Hsueh, associate professor of political science at the College of Liberal Arts, talks about the debt-stricken company, whose financial…
Year: 2021
Private Sector To Provide N298.3tr Needed For 2021 –2025 NDP
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total spend. Specifically,…
Amid Currency Crisis, Nigeria Reserves Gain $5 Billion In 2021
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600 million in December…
EU Countries Seize 82% Of Nigeria’s Agro Products Exported Illegally – FG
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are…
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing
U.S. crude stocks, gasoline and distillate inventories fell last week, while U.S. oil production rose to the highest since May…
EC Approves Germany’s $1.1bn Green Hydrogen Programme
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing of green hydrogen abroad…
United States Federal Bureau Of Prisons: Invictus Obi Will Be Released In September 2028
According to a statement on the United States Federal Bureau of Prisons website, Obinwanne Okeke will be released in 2028.…
Spain’s Annual Inflation Jumps To 6.7% At End Of 2021, Highest Since 1989
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation since…
Defensives And Tech Lend Support To STOXX
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors…
IPhone 14 Series To Ditch Physical SIM Card Slot In Favour Of ESIM – Report
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to…
Seven Companies Delist, Three Lists On NGX In 2021
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation…
The World’s Largest Crypto Exchange Binance Is Trying To Woo France
Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny. The world’s largest cryptocurrency…
Riot Games Agrees To Pay $100 Mln To Settle Gender Discrimination Lawsuit
Tencent Holdings’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination…
Nigeria’s Solar Industry Growing, Says US-Nased Firm
A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power industry is growing and…
Swissmedic Approves J&J COVID-19 Vaccine Booster
Swiss drugs regulator Swissmedic said on Monday it approved booster doses for Johnson & Johnson’s COVID-19 vaccine in people 18 years…
Nigeria: FG Borrows N13.6tn Via Bonds In Six Months Amid Rising Deficit Financing
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn,…
Elon Musk Sells Another $1bn Worth Of Shares In Tesla To Clear Tax Bill
Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle manufacturer for $1.2…
Turkish Central Bank Says To Support Conversion Of Gold Deposits To Lira
The Turkish Central Bank said on Wednesday it had decided to provide an incentive to those who convert their gold…
Miami Beach Is Priciest New Year’s Eve Destination In The World
Miami island Beach is the most expensive destination in the world for overnight accommodation this coming New Year’s Eve. With…
Cargoes Are Trapped In China’ — Lagos Shippers Lament Container Scarcity
The Shippers Association of Lagos (SAL) has expressed worry over the scarcity of empty containers to bring cargoes into the…
Iran Halts Authorized Crypto Mining To Save Energy For Winter
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid…
Rivian Delays Deliveries Of Pickup, SUV With Big Battery Packs To 2023
Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023,…
SEC Urges Nigerians To Avoid Deals With FinAfrica, Poyoyo Investment
The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. The…
China Stocks Edge Up On New Energy Gains
China stocks inched up on Tuesday as gains in new energy companies and non-ferrous metal shares offset losses in the…
Naira Falls At Official And P2P Forex Market
The exchange rate between the naira and the US dollar closed at N415.1/$1 at the Investors and Exporters (I&E) window,…
Turkish Lira Weakens, Further Eroding Last Week’s Gains
Turkey’s lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding massive gains…
Nigeria Govt Should Support Businesses To Revive Economy’
The Group Managing Director/Chief Executive Officer, CFL Group, Mr Lai Omotola, has said it is important for the government to…
Austria’s S&T Hires Deloitte For External Audit After Activist Investor Report
Austrian IT company S&T has commissioned Deloitte to conduct an external audit following allegations made by activist investor Viceroy Research,…
Starboard Acquires Stake Worth $800 Mln In GoDaddy
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800 million, according…
Didi Bars Employees From Selling Shares Indefinitely
Chinese ride-hailing giant Didi Global has barred current and former employees from Employees will not be able to sell shares until…