Africa Business Leaders Optimistic Of Swift Economic Recovery In 2021
Business leaders in Africa have expressed the hope that economic prosperity and increase in trading activities would return to the…
Day: February 11, 2021
Securities Dealers Need Intervention Fund, Chartered Institute Of Stockbrokers tells Central Bank Of Nigeria
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to create an intervention fund for securities dealing…
Ecobank Of Nigeria Appoints New Director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr…
Nigeria Securities And Exchange Commission Unveils New Guidelines For Collective Investment Scheme
As NSE lists Briclinks Africa N10m shares on Growth Board The Securities and Exchange Commission (SEC), has released general rules…
Rare 2p Coins Revealed – Pretty Penny
UR wallet is probably full of 2p pieces – but it might be worth checking your change as some of…
Nigerian National Petroleum Corporation, others risk losing $400bn amid climate goals – Report
Twenty per cent of anticipated investments in the oil and gas sector by state-owned oil companies, including the Nigerian National…
Ecobank Of Nigeria Allows Money Transfer Through SMS, WhatsApp
Ecobank Nigeria has said its customers are now able to transfer funds by email, SMS and WhatsApp with the new…
Nigerian Stock Exchange Lose N426bn As 37 Stocks Post Decline
Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its…
Nigeria Loses N189.90bn To Gas Flaring In 11months
Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total…
Nigerian Federal Government Approves Bankers’ Committee Takeover Of National Theatre, N21.89bn Renovation
The Federal Executive Council on Wednesday approved a Memorandum of Understanding between the Ministry of Information and Culture and the…
Fuel Scarcity Looms As Marketers Disrupt Fuel Loading
Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in…
Addressing Vulnerabilities In Port System
At such a time of dwindling oil fortunes and resultant effect on the economy, the nation’s maritime industry is considered…
Nigeria, Others Comply With OPEC Quota In January
Nigeria and other OPEC+ in the month of January comply fully with the cartel production out. This has consequently resulted…
Iran Produces Uranium Metal In New Violation Of Nuclear Deal
Iran has started producing uranium metal, despite being warned by world powers that it constitutes another breach of the 2015…
Nigeria Targets 40% Debt To GDP Ratio By 2023
Nigeria is targeting a debt to GDP ratio of 40 percent by 2023 from the current level of 25 percent…
US Airline Set To Buy Flying Electric Taxis For Airport Runs
United Airlines will team up with US regional carrier Mesa Airlines to buy Archer’s electric vertical take-off and landing (eVTOL)…
First Bank Offers N1M Loan As Firstmonie Agents Cross 86,000
Over 86,300 Firstmonie agents, spread across 772 local government areas in Nigeria can access up to N1 million loan facilities,…
Analysts Foresee Marginal Uptick In Capital Importation In 2021
Investment and financial analysts at Cordros Securities Research has projected marginal uptick in capital importation (CI) in 2021 after a…
Central Bank Of Nigeria – Freezing Of Accounts Constitute ‘Gross Infringement’ Of Fundamental Right
Femi Falana has warned the Central Bank of Nigeria, CBN, to stop freezing accounts of activists in the country. He…
TikTok Sale To Walmart, Oracle Put On Ice By Biden Team: Report
TikTok’s forced sale to Walmart Inc. and Oracle Corp. has been shelved indefinitely as the Biden administration takes on a…
US Sells A Million Barrels Of Iranian Oil Seized Under Sanctions
The United States has sold more than a million barrels of Iranian fuel seized under its sanction programme last year,…
Central Bank Of Nigeria: Federal Government’s Fiscal Deficit Rose To N620Bn In November 2020
The federal government’s estimated fiscal deficit expanded to N620.49 billion in November 2020, compared with the N421.35 billion recorded in…
China-Backed Trade Deal Seen Helping Investors, Not Workers
A China-backed trade and investment deal representing about a third of the global economy is unlikely to bring immediate significant…
Just Six Feet Wide, ‘London’s Skinniest House’ Is For Sale For $1.3 Million
A house billed as “possibly the skinniest house in London” is up for sale for £950,000 ($1.3 million). Just six…
Dollar Steadies After Soft U.S. Inflation, Dovish Fed
The dollar fell during a quiet Asian session on Thursday, after softer-than-expected U.S. inflation data for January and a reiteration…
Global Equity Funds Secure Biggest Inflows In Two Years In Week Ended February 10
Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of…
Commerzbank Posts $3.3 Billion Fourth-Quarter Loss Amid Major Restructuring
Germany’s Commerzbank said on Thursday its net loss deepened to $3.3 billion in the fourth quarter, as the lender undergoes…
Analysis: Merkel’s Vote Of Confidence In Deutsche Bank Belies Lender’s Problems
Angela Merkel will give a welcome speech at Deutsche Bank’s annual New Year reception on Thursday, marking a rare appearance…
Foreign Exchange Inflow Drops To $5.7bn In One Month
Nigeria recorded $5.7bn foreign exchange inflow into the country in November 2020. This was a drop from $6.47bn and $7.34bn…
With Oil Past Peak, Shell Vows To Eliminate Carbon By 2050
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was…