Bitcoin makes history hits $50,000 for the first time
The price of Bitcoin on Tuesday rose above $50,000 for the first time in history. The buzz around bitcoin grew…
Day: February 16, 2021
How Roblox, A Video Game Platform For Kids, Became A $30 Billion Company
More than half of the children in the United States play video games on Roblox. In fact, the massively popular…
Energy Prices Jump As Millions Left Without Power In Texas
Energy prices jumped Tuesday as a deep freeze in the South boosted demand for fuel and hampered production. More than…
UK Watchdog To Rule On $9.5 Billion Asda Takeover By April 20
The UK competition regulator has set an April 20 deadline for a decision on the acquisition of supermarket chain Asda…
What savers do with $2.4 trillion will define the recovery
Wall Street is expecting the economy to come roaring back to life in the second half of this year. But there’s one…
Uncompleted Projects: Senate Chides DPR For Paying N1.8bn
The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of…
Petrol Subsidy May Hit N11.2bn Per Week
The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as…
Why Petrol Price May Continue To Increase – Retailers
The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has insisted that the price of petrol will continue to…
The Nigerian Banking Sector Lost N5bn To Fraud In Nine Months, Says NIBSS
The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in…
US Oil Rises Above $60 As Texas Gets Pummeled With Ice And Snow
Oil is back, thanks to a strange brew of vaccines, economic optimism and a wintry mix in the Deep South.…
He Says Fidelity Wouldn’t Let Him Sell During Reddit Mayhem, Costing Him $830,000
Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity…
Baby Monitor Maker Owlet Hatches $1.4 Billion Blank-Check Deal To Go Public
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm…
Goldman Sachs To Launch Digital Investment Platform In Marcus Push
Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers’ wealth across portfolios of stocks…
UK Watchdog Voices Concern Over $9.2 Billion Ebay-Adevinta Deal
Britain’s competition watchdog on Tuesday raised concerns over Adevinta’s planned acquisition of U.S. e-commerce group eBay’s classified ads business, sending…
Going All-In? Investors’ Cash Levels Dip To 2013 Pre-Taper-Tantrum Levels
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to…
Global Shares Hit Record High On COVID Recovery Bet
Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as…
U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the…
Toyota To Suspend Output From Nine Factories In Japan Due To Quake
Toyota Motor Corp said on Tuesday it will temporarily suspend vehicle production on 14 lines at nine group factories in…
German Investor Morale Surges On Shopping Spree Expectations
Investor morale in Germany rose beyond even the most optimistic forecast in February on expectations consumption will take off in…
Bristol-Myers, Sanofi ordered to pay Hawaii $834 Million Over Plavix Warning Label
A judge in Hawaii on Monday ordered Bristol-Myers Squibb Co and Sanofi SA to pay more than $834 million to…
33 Million Nigerians On YouTube, WhatsApp, Others
Thirty-three million Nigerians are active on social media, with the most used social media platforms being WhatsApp, Facebook and YouTube.…
Low Investment In Oil, Gas May Pose Future Challenge
The outbreak of COVID-19 pandemic set the oil and gas industry on a tail spin. Major oil consumer, China, shut…
Victorious Okonjo-Iweala Pledges To Rebrand, Reform WTO As DG
Deji Elumoye, Chuks Okocha, James Emejo, Udora Orizu in Abuja, Obinna Chima and Dike Onwuamaeze in Lagos With her emergence…
Stock Market Reopens Upbeat As Index Rises By 0.33 Percent
Following price gains recorded by most bluechip stocks, transactions on the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday as…
FX Rigging May Have Spread To 200 Chat Rooms, Lawyer Says
Traders may have used as many as 200 online chat rooms to rig foreign exchange rates, far more than previously…
Nigeria’s Inflation Hits 16.47% As Food Prices Soar To Record High
Nigeria’s inflation rate rose to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This is according…
Amazon Says To Make TV Streaming Device In India
Amazon.com Inc will start making its TV streaming device in India this year via a unit of Taiwanese contract manufacturer…
BOJ’s Kuroda Says No Plan To ‘Permanently Reduce’ ETF Buying, Shrugs Off Fears Of Asset Bubble
Japan’s central bank has no plans to “permanently reduce” its purchases of exchange-traded funds (ETF), its governor said on Tuesday,…
Brent Oil Holds Above $63 With Cold Snap Disrupting U.S. Supply
Brent oil held gains in Asia after closing at the highest level in more than a year as electricity blackouts…
Shell Files Int’l Arbitration Against Nigeria Over Oil Spill Case
Royal Dutch Shell has initiated international arbitration against Nigeria over a dispute regarding an oil spill that took place five…