Goldman Sachs Boosts U.S. GDP Estimate, Sees COVID Relief At $1.5 Trillion
Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter up to 11%…
Day: February 9, 2021
Banks Begin Closure Of Cryptocurrency Accounts
The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks…
Access Bank Partners American Express To Expand Cards Acceptance In Nigeria
Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in…
AU Allocates 42 Million Vaccine Doses To Nigeria, CACOVID Donates Oxygen
NIGERIA will soon receive over 42 million doses of COVID-19 vaccines that will cover an estimated 45 per cent of…
Nigeria Records 45% In Broadband Penetration –Federal Government Of Nigeria
The Federal government on Monday said the broadband penetration in the country has moved from 38% last year to 45%,…
Federal Government Of Nigeria Plans To Replace Bank Verification Number With National Identity Number
The Federal Government yesterday said arrangements were on-going to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The…
Hyundai, Kia Deny Apple Car talks, Send Shares Tumbling
South Korean automaker Hyundai and its affiliate Kia on Monday denied news reports they were in talks with Apple for…
E-Payment Transactions Rise By 50.3%, Hit N162.95Tn
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales…
International Monetary Fund Rules Out Nigeria’s Full Economic Recovery Before 2022
Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International…
State Oil Firms Risk Wasting $400 Billion As Energy Shift Speeds Up
State-owned oil companies could squander about $400 billion on investments in the next decade on new oil projects that will…
Petroleum Industry Bill Passage Will See Changes To Oil Companies’ Taxes, Says Ahmed
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the passage of the Petroleum Industry Bill…
Oil’s Remarkable Rise To Pre-Pandemic Levels Could Be Big Catalyst For Nigeria
Brent, the benchmark for Nigeria’s crude oil, extended its rebound on Monday, hitting the $60 per barrel mark for the…
Minister: Investment In Sugar Industry Will Provide Jobs For Youths
Minister of Industry, Trade Investment, Chief Niyi Adebayo, has reiterated commitment of the federal government to partner with private and…
9 Fundamental Principles That One Must Follow While Investing
Almost everybody knows that wealth creation is a marathon race, but still many practice sprints. While a marathon focuses on…
Egypt Capitalises On Bond Boom With $3bn Borrowing Plan
Egypt will raise $3 billion by selling dollar bonds maturing in as long as 40 years as it seeks to…
South Korean Boy Invest With 43% Gains Is New Retail Trading Icon
Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of…
UK Tech Entrepreneur Lynch Starts Fights Against U.S. Extradition
British tech billionaire Michael Lynch begins his fight against extradition to the United States to face charges over the sale…
Why Main Street banks Are Doing Better Than Wall Street Firms
If you are looking for another sign that the economy is rebounding and that average Americans are finally starting to…
Tesla Says You Could Soon Pay For One Of Its Cars With Bitcoin
Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And…
European Shares Dip After Strong Rally, Total Rises
European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic recovery and vaccine…
Central Bank Of Nigerian Sticks To Unpopular Option On Digital Currency
Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to…
Exclusive: Congressional Democrats Set To Back More Than $50 Billion For Transportation Sector
Democrats in the U.S. Congress are to release a sweeping plan on Monday to provide more than $50 billion in…
Capital Calls: Macquarie’s Relief Rally
Concise insights on global finance in the Covid-19 era not too foul. Macquarie gave investors some good news on Tuesday.…
Neimeth International Pharmaceuticals Plc Declares First Dividend In 10 years
Neimeth International Pharmaceuticals Plc is set to declare its first dividend in 10 years following the 20 percent growth…
Stocks, Oil Rise In Asia After U.S. Records, Dollar Weakens
Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath after an…
Nigerian Stock Market Extends Losing Streak, Sheds N80bn
The nation’s stock market fell further on Monday, extending its losing streak to six consecutive trading sessions as profit-taking persisted.…
Reddit’s Valuation Doubles To $6 Billion After New $250 Million Funding
Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it…
Bitcoin Rockets To New Highs As Tesla Takes It Mainstream
Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had…
Nigerian Stock Exchange’s Demutualisation Excites Corporate Affairs Commission DG
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation…