How Low-Income Nigerians Get Lifeline From Trading Crypto Currencies
As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial…
Day: February 15, 2021
Investing In Nigeria: Top Picks For 2021
Following 2020, a year the world faced an existential crisis with many households and businesses losing incomes, survival was of…
BUA Cement Grow Gross 2020 Full Year Profit To N95Bn
BUA Cement, Nigeria’s second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts…
Shareholders Sue Federal Government Of Nigeria Over Plans To Borrow Unclaimed Dividends
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian…
Investors Lose N660Bn As Stock Market Ends Lower
Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking.…
Officialy: Okonjo-Iweala appointed as WTO DG
The former Minister of Finance, Ngozi Okonjo-Iweala has been appointed as the Director-General of the World Trade Organisation. Okonjo-Iweala, whose…
All JLR Cars To Be Fully Electric By 2030; Jaguar All Electric By 2025
Jaguar Land Rover’s car range will be fully electric by 2030 as the carmaker joins a global race to develop…
Exclusive: EU Antitrust Regulators To Okay Siemens Healthineers’ $16.4 Billion Varian Buy – Source
EU antitrust regulators are set to grant conditional clearance to German health group Siemens Healthineers’ $16.4-billion bid for U.S. peer…
Equity Investors In Panic As Fixed-Income Yields Rise
As investors worry over the continuous uptick in yields in the fixed income market, negative sentiments persisted on the Nigerian…
Bearish Sentiment Strengthened As Nigerian Stock Exchange Capitalisation Dips N75b
The Nigerian Stock Exchange (NSE) commenced trading for the week on a downward note, following losses recorded by bellwethers, causing…
NYSC Members Get N4m Business Grants In Corpreneurship Challenge
At least twelve members of the National Youth Service Corps (NYSC) who took part in Unity Bank’s flagship business plan…
Japan Economy Shrinks For First Time Since 2009 But Tops Forecast
Japan’s pandemic-hit economy shrank in 2020 for the first time in more than a decade, but the contraction was less…
Rice, Flour, Sugar, Cement Top Free Trade Exemption List
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other…
West Texas Intermediate Crude Breaks $60 A Barrel On Oil Supply Worries
US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fuelled…
Investors Left To Fly Blind On Bid Approaches
For even the most battle-hardened private investor or self-possessed institutional fund manager, divesting some stock and then subsequently reading the…
Rolls-Royce Hires Ex-Deloitte Partner Panos Kakoullis As Finance Chief
Rolls-Royce is to appoint a finance director with no experience of a top job at a publicly-listed company. The lossmaking,…
Nissan Says ‘Not In Talks With Apple’ Over Autonomous Car Project
Nissan Motor Co Ltd said on Monday it is not in talks with Apple Inc, following a report that the…
Mining Stocks Power Gains In Europe On Recovery Optimism
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more…
Olam, BAT, Eight Others Earned $100m From Exports – Central Bank Of Nigeria
Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria.…
Okonjo-Iweala, Mo Ibrahim, Adesina Headline Ehingbeti As Summit Opens Tuesday
Notable business leaders and political figures across the globe will be joining the private sector in setting agenda for Lagos…
TikTok Is Laying Off Employees In India As Ban Becomes Permanent
TikTok has been forced to lay off some of its workers in India as the country doubles down on what…
Everything You Need To Know About Bitcoin
After years of skepticism, bitcoin is finally gaining mainstream credibility. This week alone, Tesla (TSLA) said it will soon accept bitcoin as payment for…
Bitcoin Hits Record High $50K
Bitcoin hit a new record high and approached $50,000 on Sunday, as Wall Street and Main Street increasingly adopt the…
KPMG’s UK Boss Resigns After Telling Staff Not To ‘Sit There And Moan’ About The Pandemic
The UK chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about…
Dollar Held Down By Doubts Over Pace Of U.S. Recovery; Bitcoin Retreats From Record High
The dollar started the week pinned near two-week lows on Monday as traders questioned whether the recovery from the pandemic…
UK Pubs Group Mitchells & Butlers To Raise $486 Million
Mitchells & Butlers said on Monday it intends to raise 350 million pounds ($486.05 million) through an open offer of…
Stock Market Operator Euronext Hires UBS’ Novelli As New Chairman
Euronext has hired Piero Novelli, a co-president at Swiss bank UBS, to become its new chairman, the pan-European stock market…
Elon Musk Says He Supports Top Dogecoin Holders Selling Most Of Their Coins
Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of…
Asian Shares Hit New Peaks, Oil Up On Middle East Tensions
Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic…
Dwindling Cash Use Is Pushing Central Banks To Race Toward Digital Currencies
Central banks are accelerating their work on digital currencies and investors are taking note.Earlier this year, the Bank of International…