Record $58.1 Billion Pours Into Global Equity Funds: BofA
A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of cash…
Day: February 12, 2021
US Federal Debt To Climb Beyond GDP In 2021, Government Estimates
The United States will see its second-largest budget deficit since World War II this year, while the federal debt will…
US Bank, BNY Mellon, To Accept Bitcoin, Other Cryptocurrencies
Bitcoin and other cryptocurrencies took another leap towards the financial mainstream Thursday when Wall Street player BNY Mellon announced plans…
The Luxury Manmade Island Concept Where Homes Cost Up To $1 Billion
Packing up and moving to an exotic island has been a long-held dream for many globetrotters, but it seems the…
Jaiz Bank Targets Micro, Small and Medium Enterprises Growth Via Hajj Savings
Jaiz Bank PLC is seeking to boost access to financing for Micro, Small and Medium Enterprises (MSMEs), through the newly-introduced…
Diagnosing Common Issues With Your Mac
Mac users tend to pride themselves based on their chosen platform. While there is a lot to be said about…
Federal Government Banks on Finance Act for Quick Economic Recovery
The federal government has expressed optimism that the implementation of the Finance Act, 2020 and Strategic Revenue Growth Initiative (SRGI)…
Again, Organisation Of Petroleum Exporting Countries Cuts 2021 Oil Demand, Projects Q2 Rise
The Organisation of Petroleum Exporting Countries (OPEC), projected yesterday that world oil demand in 2021 will rebound more slowly than…
Florida Consumers ‘Flabbergasted’ As Property Insurers Push For Double-Digit Rate Hikes
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a…
UAE Suspends Flights From Nigeria, Says Air Peace
The Management of Air Peace on Thursday announced that the UAE Government had stopped the airlifting of passengers from Nigeria…
Buhari Approves Take-Off Of Trillion Naira Company Infra-Co
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial…
Access Bank Nigeria Gets Sustainability Certification
As the sustainability leader in Africa, Access Bank PLC was invited to participate in the Sustainability Certification under the Sustainability…
Navalny Back In Moscow Court On Defamation Charges
Russia’s main Kremlin critic Alexei Navalny was back in court Friday for allegedly defaming a World War II veteran, after…
Nigerian Banks’ Lending Rates Discouraging Productivity, Say Manufacturers
Most manufacturers have said the commercial banks’ lending rates are discouraging productivity in the nation’s manufacturing sector, the Manufacturers Association…
A Nigerian Bank Stanbic IBTC Announces key Executive Appointments
Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster its…
DMO: Nigeria’s Debt-GDP Will Increase By 15 Percent
The federal executive council (FEC) has approved a new medium-term debt management strategy (MTDS), that will guide the government in…
United Nigeria Airline Conducts Inaugural Flight On Friday
A new entrant into Nigeria’s scheduled domestic air operations, United Nigeria Airline, will conduct its inaugural flight on Friday, Feb.…
Analysis: Global Fuel Prices Jump As Asia, U.S. To Rev Up Demand In Second Quarter
Global oil and fuel prices are picking up as demand returns to pre-pandemic levels amid easing coronavirus lockdowns in key…
Experts Urge Assets Privatisation, Securitisation To Finance Budget Deficit
The Federal Government has been urged to finance its N5.2 trillion budget deficit through privatisation of moribund assets and securitisation through conversion…
Building The Big One: Behind The Scenes Of Biden’s $1.9 Trillion Bet
In January 5, as results came in from the Senate runoff election in Georgia, the texts between President-elect Joe Biden’s…
Unpaid Rent Is Piling Up. Landlords Can’t Hold On Forever
Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March.…
Dangote Cement, Six Others Halt Stocks’ Losing Streak
The nation’s stock market halted its eight-day losing streak on Thursday on the back of the price appreciation recorded by…
11 Plc Plans Delisting From Nigerian Stock Exchange After 43 Years
11 Plc, formerly Mobil Oil Nigeria Plc, has disclosed plans to delist its shares from the Nigerian Stock Exchange (NSE)…
The Man Behind Fortnite is Making The Riskiest Bet Of His Career. The Payoff Could Be Huge
Over the course of his career Tim Sweeney has been unafraid to take on tech industry giants. The CEO and…
Nigeria Bets On Strategic Initiative, Finance Act To Boost Revenue-To-GDP By 15%
Nigeria is targeting to increase revenue as a percentage of GDP to 15 percent by 2023 from the current levels…
Why We Decided To Regulate Crypto Assets, Others –Securities And Exchange Commission
The Securities and Exchange Commission has said it decided to provide regulatory certainty within the digital asset space last year…
‘Ok To Feel Overwhelmed’: Banks Tackle Burnout Inflamed By Virus
From a burned-out bank boss to call centre workers isolated at home, the financial sector is suffering a surge in…
Russian Rouble Falls Ahead Of Central Bank Rate Decision
The Russian rouble weakened on Friday, pressured by lingering geopolitical concerns about Moscow’s relations with the West, as the market…
Norway’s Economy Weakest In 75 Years In 2020, But Q4 Shines
The Norwegian mainland economy contracted by 2.5% last year in what was probably the weakest development since 1945, Statistics Norway…
Bumble’s $14 Billion Date: Blackstone-Backed Dating App Soars On Market Debut
Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday,…