Weekly Diaspora Remittances To Nigeria Jump By Over 100% After CBN’s Policy Directive
Remittances flow into Nigeria has improved from a weekly average of about $5 million before policy directives by the Central…
Day: February 26, 2021
Bank Of England Official Warns Inflationary ‘Tiger’ Has Awoken, Sending Bond Yields Higher
U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that inflation may become difficult…
Nigeria Will Benefit Less From African Trade Deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more…
Electricity Consumers Get 611,231 Meters Under MAP Scheme
A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset Provider initiative since…
My $1.9 Billion In Minnesota Bank – Femi Adesina
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can…
Barclays Found Guilty Of “Serious Deceit” In 2008 Fundraising, Staveley Denied Damages
A London High Court judge has found Barclays guilty of “serious deceit” over how it negotiated a financial lifeline with…
London Could Lose Out To New York Under Draft EU Finance Deal: Document
The City of London’s finance industry would be worse off than rival New York under an early draft for a…
Bond Markets Left Smarting From Worst Rout In Years As Reflation Goes Global
From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their…
Global Stocks Routed As Inflation Fears Dominate
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks…
Telecom Workers Threaten Services Disruption Over Anti-Labour Practices
Private Telecommunications and Communications Senior Staff Association of Nigeria has threatened to disrupt the activities of Huawei Technologies Nigeria if…
Federal Government Seeks Asset Manager For N15tn Infraco Fraud
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as…
Lady Gaga, Offers To Pay N240Million Naira For Anyone Who Can Find Her French Bulldog
American singer Lady Gaga has offered a $500,000 (Over N240 million) reward for the safe return of two of her…
Oil Drops 1% On U.S. Dollar Strength, Expectations For Supply Gains
Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations…
Nigeria’s Economy Moving In Right Direction But Slow – Amina Mohammed
Nigeria is moving in the right direction economically but its movement is not fast, the United Nations stated on Thursday.…
N10.7Tn Spent On Fuel Subsidy In 10 Years – Major Oil Marketers Association Of Nigeria
Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years, the Chairman, Major Oil Marketers Association…
Nigerian Port Authority Accuses Govt Agencies Of Sabotaging 24-Hour Port Operation
The Managing Director of the Nigerian Ports Authority, (NPA), Ms. Hadiza Bala-Usman, has accused some federal government agencies operating at…
Pandemic Pushes BA-Owner IAG To A 4.4 Billion Euro Loss In 2020
British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal flying…
Corruption In Ports Batters Nigeria’s Global Rating — NSC
The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has said that the negative global corruption rating of…
Open Banking In Nigeria: What Next For Financial Services Sector
The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the…
China’s Huawei, Reeling From U.S. Sanctions, Plans Foray Into EVs – Sources
China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources…
Planemaker Airbus Unveils Emissions Data Amid Climate Pressure
European planemaker Airbus on Friday joined a growing list of companies outlining the environmental impact of their products, as aviation…
Nigeria Engages Other Countries As OPEC Moves To Ease Production Cut
As Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+) meeting due next…
Central Banks Fight Back Against Bond Rout, Calming Investors
The standoff between central banks and bond traders took center stage in Asia on Friday after Treasury yields surged to…
Unifying Naira’s Exchange Rate Will Take Time, Nigerian Govt Tells World Bank
The government says World Bank’s insistence that the gap between the spot and the parallel market rates be closed will…
Yuan Hits One-Month Low, Set To Snap Eight Months Of Gains
China’s yuan hit one-month lows against a firmer U.S. dollar on Friday, after rallying for eight consecutive months, as fresh…
Investment Funds Increase Pressure On Danone CEO
U.S. investment company Artisan Partners joined activist investor Bluebell Capital Partners on Friday in demanding that French food group Danone…
Debt Crisis Threatens Developing Nations, World Bank Head Says
U.S. Economy Recovering Fast, World Bank’s Malpass Says Developing nations remain at risk of a debt crisis due to the…
Analysis: Hyundai Bought Chips When Rivals Didn’t; Its Assembly Lines Are Still Rolling
Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips…
U.S. Senate Referee Says Democrats Cannot Include $15 Minimum Wage In COVID Bill
In a blow to Democrats, the Senate parliamentarian ruled the chamber cannot include President Joe Biden’s proposed $15-an-hour minimum wage…