Cryptocurrencies, Virtual Assets Pose Serious Risks For Nigeria – ICPC Boss
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Bolaji Owasanoye, on Tuesday said virtual assets…
Day: February 23, 2021
Naira Gains As Market Turnover Rises By 134.63%
Nigeria’s currency on Tuesday gained 0.34 percent to close at N408.60k per dollar compared to N410.00k closed since two days…
New NDIC, AMCON Bosses Yet To Assume Office Over Executive Delays
The newly appointed bosses of the Nigerian Deposit Insurance Corporation (NDIC) and Asset Management Corporation of Nigeria (AMCON) are yet…
Emefiele Defends Cryptocurrency Ban Before Senate
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele says the Bank’s decision to prohibit deposit money banks, non-banking institutions…
Federal Government Of Nigeria Inaugurates Ministerial Task Force On Digital Switchover
The Minister of Information and Culture, Lai Mohammed, on Tuesday inaugurated a 13-member ministerial task force to drive the Digital…
Securities And Exchange Commission, Central Bank Of Nigeria, Others’ll Develop Regulatory Framework For Crypto Assets —Yuguda
The Securities and Exchange Commission, the apex regulator of the nation’s capital market, has said it will collaborate with the…
World’s Top 10 Hedge Fund Managers Earn $20.1 Billion In 2020
Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in…
Struggling Job-Creating Sectors Show Unemployment Woes May Persist
Nigeria may be out of recession for the second time within five years, but sectors of the economy collectively responsible…
Nigeria’s Equities Market Gains N6Bn
A slightly positive close (+0.03percent) on Tuesday is an indication of a possible reversal in the recent negative trend on…
Investigators Release Preliminary Findings On The United Airlines Flight Engine Failure. Here’s What We know
The investigation into the engine failure of a Boeing 777 could take more than a year, officials said, but already the picture…
Italy OKs Dorsey’s Square Inc, China’s Tencent To Invest In Startup Satispay
Italy has given Square Inc, the mobile payments firm of Twitter co-founder Jack Dorsey, and China’s Tencent a conditional green…
Exclusive: Top Banks Asked To Justify Why They Still Clear Euro Swaps In London
Europe’s top banks must justify why they should not have to shift clearing of euro-denominated derivatives worth billions of euros…
Nasdaq, S&P 500 Set To Open Lower Ahead Of Powell Speech
The Nasdaq and S&P 500 indexes were set to open lower on Tuesday as investors sold off high-flying growth stocks…
Tesla Shares In The Red For 2021 As Bitcoin Sell Off Weighs
Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff…
Individuals An Build, Maintain Highways, Says Federal Government Of Nigeria
Under the new Highway Development and Management Initiative of the Federal Government, private individuals will be permitted to build, operate…
Yuan Eases On Dollar Demand, Capital Outflow Concerns
The yuan eased on Monday, pressured by seasonal corporate dollar demand and with sentiment dented by China’s potential plans to…
Federal Government Gas Expansion To Lift 100m Out Of Poverty — Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday that the Federal Government’s National Gas Expansion…
N2.2bn Fraud: Fayose Gets Permission For Foreign Medical Trip
Justice C.J. Aneke of the Federal High Court in Lagos has granted permission to a former governor of Ekiti State,…
Analysis: How Rich Is Saudi Arabia? Kingdom Does The Math In Balance Sheet Overhaul
The kingdom is working on creating a consolidated balance sheet of its assets and liabilities which will include items currently…
Egg Supply Tightens In Poland As EU Bird Flu Crisis Hits Industry
Avian influenza in Europe is now approaching levels last seen in 2016 with egg supply shrinking in Poland, one of…
UAE Weapons Maker EDGE Wants In On F-35 Supply Chain
United Arab Emirates’ state-owned weapons maker EDGE expects to be involved in the supply chain of Lockheed Martin’s F-35 war…
South Africa’s Unemployment Rate Jumps To New Record High
South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said…
BlackRock Downgrades Government Bonds, Keeps Faith With Stocks
The world’s largest asset manager BlackRock has cut its stance on government bonds, preferring equities in light of the COVID-19…
European Shares Gain On Higher Commodity Prices; HSBC Weighs
European shares rose on Tuesday as strong commodity prices helped outweigh mixed corporate earnings updates, while British bank HSBC fell…
Nigerian 30b Benin Storm water Project Was A Fraud, Obaseki Declares
Edo State Governor, Godwin Obaseki, yesterday, declared that the N30b Benin stormwater project embarked upon by the previous administration was…
Facebook To Unban Australia News After Deal On Media Law
Facebook moved to lift a contentious ban on Australian news Tuesday, after a last-gasp deal on landmark rules requiring tech…
iPhone 12 Sales Propel Apple To Top Of Smartphone Market: Survey
Strong sales of iPhone 12 models lifted Apple to the top of the global smartphone market in the fourth quarter,…
Bitcoin Battles For Support At $50,000
Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency’s lofty valuation…
Oil To Hit $70 In Second Quarter
Goldman Sachs Group Inc. has raised its price estimates and is predicting that Brent will reach $70 a barrel in the…
Pfizer’s COVID-19 Vaccine Gets Nod In South Korea From First Of Three Expert Panels
The first of three expert panels in South Korea reviewing a COVID-19 vaccine developed by Pfizer Inc and BioNTech gave…