Geely Takes Slow Road To Volvo IPO
Volvo cars are known for being dependable and dull. Less so the Swedish brand’s Chinese owner Zhejiang Geely Holding. On…
Day: February 24, 2021
Biden Rushes To Address Global Computer Chip Shortage Via Latest Executive Order
President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has…
Facebook To Invest $1 Billion In News Industry After Australia Row
Facebook Inc on Wednesday pledged to invest at least $1 billion in the news industry over the next three years,…
India Plans New Social Media Controls After Twitter Face-Off
Chafing from a dispute with Twitter, India plans to oblige social media companies to erase contentious content fast and assist…
Wall Street Opens Lower As Tech Declines Resume
Wall Street’s main indexes opened lower on Wednesday, as high-flying growth stocks continued to be pressured by valuation concerns, while…
Nigeria: 7,250 Ogun MSMEs to access up to N10m loans’
The Ogun State Government has said no fewer than 7,250 Micro, Small and Medium Enterprises operating in the state will…
More Woes For Nigeria As Diaspora Remittances Drop 12% In 2020
International flows of migrant remittances to Nigeria, a significant source of economic support for Africa’s most populous country, suffered a…
Analysis: CBN’s Financing Of Nigeria Deficits, The Defiance And Risks
The Nigerian government’s repeated decision to turn to the Central Bank of Nigeria (CBN) for deficit financing of its budgets…
Dollar Falls As Risk Appetite Increases, Kiwi Ruffled By RBNZ
The dollar slipped to a three-year low against the British pound and fell against commodities currencies on Wednesday as investors…
Shippers Council, NICON Move To Avert N670m Loss To Container Deposit
The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have finalised measures to curb the loss…
ExxonMobil To Sell Some UK, North Sea Assets To HitecVision For Over $1Billion
Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and…
Lowe’s Tops Earnings Estimates As Same-Store Sales Jump 28%, Warns That Some DIY Trends Could Fade
Lowe’s said Wednesday its fourth-quarter same-store sales climbed 28.1%, as consumers spent more on home projects during the pandemic. That’s higher…
Goldman Sachs-Backed ReNew Power To Go Public Via $8-Billion SPAC Deal
India’s largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG…
JPMorgan’s Blockchain Payments Test Is Literally Out Of This World
Stuck in space with bills to pay? Don’t worry, the satellites could take care of it. JPMorgan Chase & Co…
Biotech Firm Launches Lassa Vaccine Trial In West Africa
A biotechnology company, INOVIO, says the first participant in Lassa vaccine trial has been dosed in a Phase 1B clinical…
Bawa Arrives Senate For Screening As EFCC Chairman
The acting Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has arrived at the Senate for screening, The PUNCH has…
Nokia Wins 5G Order From Philippines’ Globe Telecom
Finnish telecom network equipment maker Nokia on Wednesday said it has won an order from Globe Telecom to build a…
Hyundai Motor To Replace Battery Systems In $900 Million Electric Car Recall
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly…
Top Toshiba Shareholder Renews Call For Probe Over AGM Vote
Toshiba Corp’s top investor has renewed its call for an independent investigation into the company’s annual shareholder meeting (AGM) last…
Suzuki Motor Says Chairman To Retire, Become Senior Adviser
Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June. “The corporate management…
Deutsche Bank And Mastercard To Deepen Cooperation On Payments
Deutsche Bank and Mastercard said on Wednesday they would deepen their collaboration as the German lender aims for a greater…
How Fintech Verticals Pushed CWG To Growth In 2020 Amid COVID-19
The COVID-19 pandemic left many businesses scrambling for emergency strategies to survive. While some were able to sail through, others…
Britain’s Heathrow Sinks To $2.8 Billion Loss During Pandemic
Britain’s Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last…
Nigeria National Petroleum Corporation Must Account For N1.3Tn Alleged Illegal Deductions, Reps Insist
The House of Representatives Committee on Public Accounts has stated that the Nigeria National Petroleum Corporation must account for the…
Ark Invest Adds $124 Million Worth Tesla Shares
Cathie Wood’s Ark Invest funds added a further $124 million stake in Tesla on Tuesday as the shares closed below…
Savers Hunt For Higher Returns Outside Banks
Currency outside the banking system has in the past 10 years risen by over one hundred percent (100.40%), an indication…
Analysis: High-Flying ARK ETF Falters, Sparks Fear Of Ripple Effect
The steep slowdown in momentum stocks over the last week has been especially painful for ARK Invest’s Cathie Wood, the…
Diesel Price Soars To N250/Litre, Businesses Groan
The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with…
CDP Consortium’s Bid To Value Atlantia Unit At 9 Billion Euros – Sources
Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in…
Hike In Rates May Mark End To Cheap Consumer Credit
It was a Saturday morning when Olarika Abioye (not real name) got an unexpected message from her bank, Guaranty Trust…