Federal Government of Nigeria Lists January Savings Bonds
The Federal Government at the weekend listed two new tranches of its Federal Government of Nigeria Savings Bond (FGNSB) on…
Day: February 8, 2021
CWG Posts N11.8bn Revenue
CWG Plc, one of Nigeria’s leading information and communication technology solutions and service providers has recorded a profit after tax…
Stock Market Sheds N368bn as Investors Take Profit
The Nigerian stock market shed N368 billion last week following profit-taking activities by some investors after the massive gains in…
Nigeria’s Security and Exchange Commission Unveils New Rules For Nominee Companies
The Securities and Exchange Commission has asked all persons not registered by the commission as custodians, carrying on the business…
Uptick In Fixed Yield Triggers Massive Sell Off In Equities
The marginal uptick in yields in the fixed income market propelled massive selloff on the equity sector of the Nigerian…
Nigeria’s Security and Exchange Commission Recognises Cryptocurrencies, Moghalu Faults CBN Action
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the recent action of the apex…
Ageing TV Licence Fee Refuseniks Leave £117m Hole In BBC Budget
Up to 750,000 older people have refused to pay for a television licence after losing their right to a free…
Pandemic Business Borrowing Expected To Hit £60bn, Says EY Item Club
Companies will have borrowed more than £60 billion to help them to survive the pandemic by the end of this…
Renesas Boosts Power And Connectivity Prowess With $6 Billion Dialog Deal
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position…
Shell, Mitsubishi Unit Eneco To Supply Wind Power To Amazon’s European Facilities
Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity…
Tweets From Elon Musk And Celebrities Send Dogecoin To A Record High
Dogecoin is surging after billionaire Elon Musk and a number of celebrities appeared to back the cryptocurrency on Twitter. The meme-inspired token rallied…
European Markets Higher, Tracking Positive Global Sentiment; Dialog Surges 17%
European stocks were higher Monday with markets tracking positive sentiment in Asia and the U.S. TICKER COMPANY NAME PRICE CHANGE…
Petrol Price May Hit N190 As Oil Nears $60
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol)…
Endless Turnaround Maintenance:Outrage, Anger Over Nigeria National Petroleum Corporation’s $1bn Loan For Refineries
The Federal Government may soon be on a collision course with Nigerians over its plan to seek a US$1 billion…
Stakeholders Demand Six-Month National Identification Number -Subscription Identity Module Linkage Deadline Extension
Stakeholders in the telecom space have called for further extension of the National Identification Number and Subscriber Identity Module integration…
Inside Nigeria’s Multibillion-Dollar Abandoned Oil, Gas Projects
Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in…
Hedge Funds Bet On Oil’s ‘Big Comeback’ After Pandemic Hobbles Producers
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’…
Dollar Nurses Losses As Traders Await More Data To Determine Direction
The dollar nursed losses against most currencies in subdued trade on Monday as disappointing U.S. jobs data caused some investors…
Why We Banned Cryptocurrency Trading In Nigeria – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex…
Asia-Pacific Stocks Mostly Rise; China Announces New Anti-Monopoly Rules Aimed At Tech Giants
Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following the release of new…
Brent Approaches $60 Per Barrel As Supply Cuts, Stimulus Hopes Lift Prices
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and…
Dollar Nurses Losses As U.S. Economic Doubts Undercut Rally
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to scale back…
Asian Shares, Oil Buoyant On Economic Revival Hopes
Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion COVID-19…
Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric…
U.S. Treasury Secretary Yellen: Too Soon To Say If Changes Needed To Address Market Volatility
U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon to say whether new policies or regulations…
Stock Conversion Allows China’s Wanda To Sell AMC Shares Amid Retail Frenzy
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its…
SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the…
Belgium Eyes Prospects In Nigerian Ports
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by Nigeria. Executive officers of the…
Oil Theft: Shell Plans Onshore Exit
Royal Dutch Shell has disclosed possible outright exit from onshore terrain due to persistent challenges associated with crude oil theft…
Nigerian Equities Lose N368b Amid Interim Earnings
Nigerian equities traded negative all through the week to close weekend with a net capital depreciation of N368 billion. Benchmark…