Bitcoin Nears $50,000 As It Reaches Record
Bitcoin reached a new record on Sunday rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day, and was around $49,202 as…
Big Freeze Threatens Texas With Blackouts As Markets Gyrate
The arctic freeze gripping the central U.S. is raising the specter of power outages in Texas and ratcheting up pressure on energy prices already trading at unprecedented levels. In Texas,…
Association of Bureaux De Change Operators Of Nigeria To Central Bank Of Nigeria : Support BDCs’ Digitalisation
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to support the migration to digital operations by Bureaux de Change (BDCs).…
Dangote Foundation Disburses N3.9b To Women, Youths In 11 Nigerian States
Aliko Dangote Foundation (ADF) has so far disbursed the sum of N3.924 billion to 392,490 women and youths across 11 states in Nigeria. The beneficiaries of the microgrant programme hail…
International Monetary Fund’s Panacea For Economic Recovery, Growth
James Emejo examines the wide-ranging recommendations by the International Monetary Fund to both the fiscal and monetary authorities on the pathway to economic stability and recovery amidst a second recession,…
To Grow In Business, Always Say The Truth — Yusuf
I have a Bachelor’s degree in Computer Science. I have also had a couple of Information Technology certifications. Prior to moving to Canada, I worked as a telecom engineer with…
Nigeria’s Grounded Aircraft Fleet Now 63.81%
Nigeria now occupies the third position in the top 10 countries’ list with the highest percentage of grounded fleets. The United Kingdom leads the chart with 69.66 per cent, according…
Daimler Recalls 1.29 Million U.S. Vehicles For Software Issue
Daimler AG’s U.S. unit Mercedes-Benz USA said Saturday it is recalling 1.29 million vehicles sold since 2016 because software may fail to communicate correct vehicle location in the event of…
Tesla To Set Up Electric Car Manufacturing Unit In Southern India
Billionaire Elon Musk’s Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday. “The…
Volkswagen CEO Diess ‘Not Afraid’ Of An Apple Electric Car
Germany’s Volkswagen is not concerned by any Apple plans for a passenger vehicle that could include the iPhone maker’s battery technology, its chief executive Herbert Diess said. Reuters reported in…
Bitcoin Nears $50,000, Wider Adoption Fuels Record Rally
Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency. Bitcoin recently…
Mastercard Brings Crypto Onto Its Network
Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains that these digital assets are becoming a more important part of the payments…
Government Stumps Up Extra £3.5bn For Highrise Cladding – But The Plan Is Full Of Holes
Three-and-half-years since 72 people were killed in the Grenfell fire, tower block residents are still living in buildings containing combustible cladding and wondering: is it going to be me next?…
KPMG Chair Facing Investigation Over Crass Comments – But Other Bad Bosses Have Thrived In Pandemic Britain
If you think it’s just Bill “stop moaning, take control of your lives” Michael dumping on the people whose work pays for their hugely inflated pay packages during lockdown, think…
UK Economy In 2020 Was Worst Since ‘Great Frost’ Of 1709
The economy shrank by a record 9.9 per cent in 2020, official figures show. The recovery slowed markedly in the final three months of 2020 as coronavirus restrictions were tightened…
Andrew Bailey misled Me Over RBS Market Abuse Probe, Whistleblower Alleges In High Court Filing
Former bank employee seeks judicial review into watchdog’s failure to investigate statement that cost staff billions of pounds. The City watchdog failed to thoroughly investigate a serious allegation of market…
Clear Crypto Rules Urgently Needed As Major Companies Embrace Asset: SEC Official
A clear cryptocurrency regulatory regime is urgently needed as major companies like Tesla Inc, BNY Mellon Corp and Mastercard Inc embrace the alternative asset class, a top Securities and Exchange…
Robinhood CEO Admits Communications Shortcomings, Ahead Of House Testimony
Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around…
CBN, AFC, NSIA To Fund N1tn Infrastructure Firm — FG
The President, Major General Muhammadu Buhari (retd.), has approved the establishment of a company, Infra-Co, saddled with the responsibility of tackling the nation’s infrastructure deficit. The Senior Special Assistant to…
Disease Outbreak May Hit Livestock This Year — NiMet
The livestock sector in Nigeria could witness an outbreak of diseases, as parasites might hit fish ponds in parts of the country this year, latest findings by the Nigerian Meteorological…
Nigeria Vowed To Avoid Fuel Subsidy’s Return – International Monetary Fund
The International Monetary Fund says Nigeria has expressed strong commitment to avoid the return of fuel subsidy and to put an end to electricity tariff shortfalls by June this year.…
Jerusalema By Mater KG: The Dance Sweeping The World. From Angolans To Israeli Monks And The Irish Police
Video report by ITV News correspondent Sejal Karia Devised in Angola, a single dance craze has swept the globe and given us something to smile about during the pandemic. Jerusalema…
Hyundai Is Working On A Driverless Car That Can Also Turn Into A ‘Walking Machine’
The Hyundai Motor Group has released details of a concept vehicle designed to function as both a four-wheel-drive car and a “four-legged walking machine,” in the latest example of how…
Dexcom’s Super Bowl Ad With Nick Jonas Sparked Record Interest In Its Glucose Monitor, CEO Says
Dexcom President and CEO Kevin Sayer told CNBC Friday the company’s Super Bowl commercial was successful in sparking interest in its glucose monitoring system for people who have diabetes. The…
Building Makers known as Azek Raises Outlook On Hopes Of Continued Housing Boom
Building materials company Azek reported double-digit revenue growth in its latest quarterly report as a red-hot housing market continues to spill over into the home remodeling industry. The demand, driven…
Why Trevor Bauer’s $102 Million Deal With The Dodgers Is Unique
The Los Angeles Dodgers recently signed 2020 National League Cy Young winner Trevor Bauer to one of the most unique contracts in Major League Baseball history. Bauer agreed to a…
How Cryptocurrency Is Solving Unemployment In Nigeria
As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial services to cryptocurrency businesses, ADAKU ONYENUCHEYA in this report take…
Twitter Chief Partners With Jay-Z On $23 Million Bitcoin Development Fund
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today. The CEO said…
Bitcoin Clings To Tesla Gains, Dollar Set For Weekly Loss
Bitcoin hovered close to record highs on Friday, set for gains of over 20% in a milestone week marked by the endorsement of major firms such as Elon Musk’s Tesla,…
Access, GT Banks Close Accounts Of Cryptocurrency Traders
The CBN had on February 5 directed banks to close the accounts of those involved in cryptocurrency transactions in their systems. Two new generation banks, Access and Guaranty Trust, have…