Investors Lose N660Bn As Stock Market Ends Lower
Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking. The Nigerian Stock Exchange All-Share Index dropped by 3.04 per…
Officialy: Okonjo-Iweala appointed as WTO DG
The former Minister of Finance, Ngozi Okonjo-Iweala has been appointed as the Director-General of the World Trade Organisation. Okonjo-Iweala, whose tenure begins March 1, is the first woman and African…
All JLR Cars To Be Fully Electric By 2030; Jaguar All Electric By 2025
Jaguar Land Rover’s car range will be fully electric by 2030 as the carmaker joins a global race to develop zero-emission models to get ahead of looming bans on sales…
Exclusive: EU Antitrust Regulators To Okay Siemens Healthineers’ $16.4 Billion Varian Buy – Source
EU antitrust regulators are set to grant conditional clearance to German health group Siemens Healthineers’ $16.4-billion bid for U.S. peer Varian Medical Systems Inc, three people familiar with the matter…
Equity Investors In Panic As Fixed-Income Yields Rise
As investors worry over the continuous uptick in yields in the fixed income market, negative sentiments persisted on the Nigerian Stock Exchange (NSE) for the second consecutive week, causing the…
Bearish Sentiment Strengthened As Nigerian Stock Exchange Capitalisation Dips N75b
The Nigerian Stock Exchange (NSE) commenced trading for the week on a downward note, following losses recorded by bellwethers, causing market capitalisation dipped further by N75 billion. At the close…
NYSC Members Get N4m Business Grants In Corpreneurship Challenge
At least twelve members of the National Youth Service Corps (NYSC) who took part in Unity Bank’s flagship business plan competition, Corpreneurship Challenge, have won cash prizes totaling N4 million.…
Japan Economy Shrinks For First Time Since 2009 But Tops Forecast
Japan’s pandemic-hit economy shrank in 2020 for the first time in more than a decade, but the contraction was less than expected and it ended the year on a strong…
Rice, Flour, Sugar, Cement Top Free Trade Exemption List
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other products would not be liberalised under the African Continental Free…
West Texas Intermediate Crude Breaks $60 A Barrel On Oil Supply Worries
US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fuelled by concerns about supplies as Texas is hit by a…
Investors Left To Fly Blind On Bid Approaches
For even the most battle-hardened private investor or self-possessed institutional fund manager, divesting some stock and then subsequently reading the words in a stock exchange announcement “in response to/regarding media/press…
Rolls-Royce Hires Ex-Deloitte Partner Panos Kakoullis As Finance Chief
Rolls-Royce is to appoint a finance director with no experience of a top job at a publicly-listed company. The lossmaking, heavily indebted engine maker has hired Panos Kakoullis, who left…
Nissan Says ‘Not In Talks With Apple’ Over Autonomous Car Project
Nissan Motor Co Ltd said on Monday it is not in talks with Apple Inc, following a report that the iPhone maker approached the Japanese company in recent months about…
Mining Stocks Power Gains In Europe On Recovery Optimism
European shares scaled one-year highs on Monday and mining stocks tracked a jump in copper prices as bets of more U.S. stimulus fuelled optimism around a faster global economic recovery…
Olam, BAT, Eight Others Earned $100m From Exports – Central Bank Of Nigeria
Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria. The CBN disclosed this in its latest monthly economic report.…
Okonjo-Iweala, Mo Ibrahim, Adesina Headline Ehingbeti As Summit Opens Tuesday
Notable business leaders and political figures across the globe will be joining the private sector in setting agenda for Lagos State towards the next decade at ‘Ehingbeti’, the Lagos Economic…
TikTok Is Laying Off Employees In India As Ban Becomes Permanent
TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a monthslong ban on the app in the…
Everything You Need To Know About Bitcoin
After years of skepticism, bitcoin is finally gaining mainstream credibility. This week alone, Tesla (TSLA) said it will soon accept bitcoin as payment for its vehicles, and disclosed it had…
Bitcoin Hits Record High $50K
Bitcoin hit a new record high and approached $50,000 on Sunday, as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency. The cryptocurrency is up almost 70% year…
KPMG’s UK Boss Resigns After Telling Staff Not To ‘Sit There And Moan’ About The Pandemic
The UK chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was “no such thing…
Dollar Held Down By Doubts Over Pace Of U.S. Recovery; Bitcoin Retreats From Record High
The dollar started the week pinned near two-week lows on Monday as traders questioned whether the recovery from the pandemic in the United States would be as fast as expected.…
UK Pubs Group Mitchells & Butlers To Raise $486 Million
Mitchells & Butlers said on Monday it intends to raise 350 million pounds ($486.05 million) through an open offer of shares, and has reached an agreement with its bankers for…
Stock Market Operator Euronext Hires UBS’ Novelli As New Chairman
Euronext has hired Piero Novelli, a co-president at Swiss bank UBS, to become its new chairman, the pan-European stock market operator said on monday. Novelli has been co-president of Investment…
Elon Musk Says He Supports Top Dogecoin Holders Selling Most Of Their Coins
Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in…
Asian Shares Hit New Peaks, Oil Up On Middle East Tensions
Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington, while oil prices…
Dwindling Cash Use Is Pushing Central Banks To Race Toward Digital Currencies
Central banks are accelerating their work on digital currencies and investors are taking note.Earlier this year, the Bank of International Settlements published its latest survey showing that 86% of the…
Bitcoin: Nigeria Bites Back Against Cryptocurrency Trading
Bitcoin. The currency of choice for drug dealers, terrorists, investors, spaceship enthusiasts — and ordinary people, including many of us who just want to get paid for an honest day’s…
Oil Rises On Fears Of Heightened Tensions In Middle East
Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned…
Foreign Stock Investors Withdraw N1.01tn In Two Years
Foreign investors pulled out a total of N1.01tn from the nation’s stock market in the past two years, according to the Nigerian Stock Exchange. The NSE data also showed that…
Oil Rally May Brighten Nigeria’s Outlook, Says Organisation Of Petroleum Exporting Countries
The rise in global oil prices could brighten Nigeria’s outlook this year, the Organisation of the Petroleum Exporting Countries said in a new report. The international oil benchmark, Brent crude,…