The Cash-Flush Amateurs Hunting Game Cards, Handbags And Art
Stocks, bonds and commodities? Old hat. Once the preserve of the super-rich, or just the eccentric, all kinds of unusual investments from vintage handbags and shares in fine art to…
Nigerian Stock Exchange Market Capitalisation Appreciates By N27Bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by N27bn. The News Agency of Nigeria reported that the market…
Ant Investor Boyu Capital Targets $6 Billion For New Private Equity Fund – Sources
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion,…
Show Us The Plan: Investors Push Companies To Come Clean On Climate
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set…
British Fund Industry Warns Companies On Ethnic Diversity
Britain’s investment industry trade body has warned companies they must show progress on boardroom ethnic diversity or risk pushback at their 2021 annual general meetings. The call from the Investment…
A Nigerian Refinery: Known As Dangote Refinery Set To Sell It’s First Oil In Early 2022
Having crossed all hurdles, the 650,000 barrels a day Dangote refinery an integrated refinery and petrochemical project under construction in the Lekki Free Zone near Lagos, will commence full production…
Former BOJ Executive Calls For ‘Genuine’ Review Of Central Bank Stimulus
The Bank of Japan must abandon the view it can influence public perceptions with monetary policy and conduct a “genuine” review that takes a harder look at the rising cost…
Malaysia Launches COVID-19 Vaccination Drive As PM Gets First Shot
Malaysia on Wednesday launched its COVID-19 inoculation programme, which authorities hope will rein in a spike in infections and help revive an economy that recorded its worst slump in over…
Lloyds Profits Fall As It Targets Wealth Push
Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António Horta-Osório set out fresh targets to expand the bank’s insurance…
China To Reinforce Policy Support For Foreign Trade, Commerce Minister Says
China will reinforce policy support for foreign trade and ensure the smooth operations of supply chains, Wang Wentao, the new commerce minister, said on Wednesday. China’s foreign trade outlook remains…
Strong Exports, Construction Boost German Economy In Fourth Quarter
Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter of last year, the Federal Statistics Office said on Wednesday,…
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 and cryptocurrencies are risky for implementation in Nigeria. Owasanoye made…
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 at the Investors and Exporters (I&E) forex window, thanks to…
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 to assume duties almost two weeks after their nominations were…
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 and Other Financial Institutions from facilitating trading and dealings in…
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 Switch Over process in the broadcasting sector. Mohammed inaugurated the…
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 Central Bank of Nigeria and other critical stakeholders to create…
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 2020, showed data from Institutional Investor. Englander more than doubled…
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 for the bulk of job creation are delivering less growth…
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 the Nigerian bourse. The gradual return of buy-side activities, which…
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 is becoming clearer about what happened to the…
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 light to invest in Italian start-up Satispay, a source close…
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 from London to the European Union after Brexit, an EU…
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 on valuation concerns ahead of Federal Reserve Chairman Jerome Powell’s…
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 of high-flying technology stocks and the fall of bitcoin, in…
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 or maintain assets on some federal highways that are up…
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 allow more capital outflows. China will study the feasibility of…
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 Programme was expected to lift over 100 million Nigerians out…
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, Ayodele Fayose, to travel abroad for further medical treatment. Fayose…
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 kept off the oil-rich economy’s books, including the investments and…