Exclusive: South African Upstart Bank Teams Up With JG Summit To Expand Into Philippines
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of…
Day: February 22, 2021
They Wanted To Jail A Banker – I Was That Banker
Tom Hayes, the first banker to be jailed for rigging interest rates, has told the BBC he believes fresh evidence…
WhatsApp Goes On Charm Offensive, Takes Shot At Telegram
Ahead of the release of an updated privacy policy that allows Facebook and its companies access to certain levels of…
Alleged 69.4bn Debt: Court Vacates Order Against Jimoh Ibrahim’s Assets
The Federal High Court, Abuja, on Monday, set aside the interim order through which the Asset Management Corporation of Nigeria…
ICT Drove Economic Growth In 2020, Says Pantami
The Minister of Communications and Digital Economy, Dr Isa Pantami, has said the Information and Communications Technology sector recorded the…
Investors Kick Against Concession Of Lagos Trade Fair Complex
An umbrella body for the 61 investors that secured different development lease agreements from the Federal Government through the Ministry…
Insurance Sector’s Assets Hit N1.82tn On Recapitalisation Deadline
Despite the impact of COVID-19 pandemic on the economy, the insurance industry attracted some investments that boosted its assets, investigation…
With Rising Poverty, Unemployment, Nigeria Sitting on Time Bomb
The Financial Derivatives Company Limited (FDC) has stressed that Nigeria’s high unemployment (27.1%), its large youth population, as well as…
Private Investors Fault Central Bank Of Nigeria’s N50Bn Injection Into Commodity Exchange
Private investors in commodity exchanges have faulted the plan by the Central Bank of Nigeria (CBN) to inject N50 billion…
Court Grants Okorocha’s ADC, Others N70m Bail
An Aide-de-camp to a former governor of Imo state, Eberendu Chiimechefulem, his legislative aide, Steve Asinuobi and 12 other aides…
Economic Recovery: Beneath The Wobbly Growth
As predicted, the economy has exited recession. But as expected also, at 0.11 per cent, the growth is fragile –…
Buhari Sets Record As Nigerians Grow Poorer For Sixth Straight Year
At no point in its 60-year history has Nigeria’s economy expanded slower than its population for a longer period than…
Shareholders Approve Chemical Allied Product, Portland Paints Merger
Shareholders of Chemical and Allied Products (CAP) Plc and Portland Paints and Products Nigeria (PPPN) Plc have approved the merger…
Jack Ma’s Ant Group Was The Next Big Thing. Now It May Become Just A Boring Bank
ack Ma’s Ant Group quickly became one of China’s most powerful companies, and its plans for bridging the worlds of tech and…
Will Bill Gates Go Back To Shaking Hands? Hear His Thoughts
As more and more Americans receive the Covid-19 vaccine, CNN’s Anderson Cooper asks Bill Gates if, one year from now, he would…
As 500,000th Covid Death Looms, US Reaches Pivotal Moment
The United States will within hours record its unfathomable 500,000th death from Covid-19 paradoxically at a moment of rare hope…
Tiger Woods Is Hopeful But Uncertain He’ll Be Fit For This Year’s Masters After Undergoing Back Surgery
Tiger Woods says he still hopes to compete at this year’s Masters after undergoing the fifth back operation of his career. The…
Engine Debris Rained Over A Mile Across A Denver Suburb. Now Boeing Recommends Suspending Its 777s With That Engine
Kieran Cain was playing basketball with his kids Saturday afternoon at an elementary school in greater Denver when he heard…
British Airways Owner IAG Says Pensions Deal, Loan Help Boosts Liquidity
British Airways-owner IAG said on Monday it had raised total liquidity by 2.45 billion pounds ($3.4 billion) by deferring pension…
Saudi Defence Firm SAMI Targets $5 Billion Annual Revenue By 2030
State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said…
Texas Utilities Can’t Stick Customers With Huge Bills After Storm: Abbott
Texas utility regulators will temporarily ban power companies from billing customers or disconnecting them for non-payment, after the deadly winter…
World Shares Sink As Bond Yields, Commodities Surge
World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising…
India To Clear 45 Investments From China, Likely To Include Great Wall, SAIC
India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor…
Shares Turn Cautious As Bond Yields, Commodities Surge
Asian shares turned mixed on Monday as expectations for faster economic growth and inflation globally battered bonds and boosted commodities,…
Stock Market Extends Losing Streak, Sheds N130Bn
The market capitalisation of equities listed on the nation’s stock market declined by N130bn last week as negative sentiments persisted…
Philippines Approves Sinovac Vaccine But Not For All Health Workers
The Philippines has approved Sinovac Biotech’s COVID-19 vaccine for emergency use, but will not give it to healthcare workers at…
Nigerian Stock Exchange Upgrades Africa Prudential To Medium Price Stock
T he Nigerian Stock Exchange (NSE) has upgraded Africa Prudential (APR) Plc from low-priced stock to medium-priced stock following recent…
EU To Decide On Extending Suspension Of Stability Pact In Coming Weeks: Official Tells Paper
Europe will decide whether to extend the suspension of its rules limiting budget deficits and debt, known as the Stability…
India’s Top Court Bars Final Tribunal Ruling On Future’s $3.4 Billion Deal
India’s Supreme Court barred on Monday a final ruling by a tribunal reviewing Future Group’s $3.4 billion sale of retail…
Rio Tinto Executives Say Goodbye To 2020 With Chunky Payouts
Three Rio Tinto executives forced to leave the company after the destruction of sacred rock shelters at Juukan Gorge in…