Local Takeaways From Okonjo-Iweala’s Visit: How Nigeria Can Unlock Growth March 31, 2021 Ekemini A clear call for reforms and competitiveness came from Ngozi Okonjo-Iweala, Director General, World Trade Organisation, who was recently on an official visit to Nigeria. The visit – her first…
Business Local FG Approves New Policy Framework for MSMEs March 31, 2021 Ekemini The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive Council (FEC) has finally approved the revised National Policy on…
Business Local IMF Demands Debt Data Accuracy, Transparency From Nigeria, Others March 31, 2021 Ekemini A day after the National Bureau of Statistics (NBS) released report that said states and federal debts had hit N32.92 trillion as at December 2020, the International Monetary Fund (IMF),…
Business Equities Reverse Gains As Capitalisation Plunges By N119b March 31, 2021 Ekemini Transactions on the floor of Nigerian Stock Exchange (NSE) reversed gains to close on a downward note yesterday, as market capitalisation depreciated by N119 billion. Yesterday, market capitalisation of listed…
Business Local Nigerian Stocks: List of Dividends announced in 2021 March 31, 2021 Ekemini As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these…
Local Opinion Inheritance Fraud: Prince Jailed For Forgery March 31, 2021 Ekemini An Ikeja Special Offences Court on Tuesday sentenced Semasa James to a year in prison for forgery. He was convicted for forging documents while he was the administrator of the…
Opinion World U.S. Receives $335 Million From Sudan In Victim Compensation -Blinken March 31, 2021 Ekemini The United States has received $335 million from Sudan to compensate victims of the 1998 bombings of the U.S. embassies in Kenya and Tanzania and the USS Cole in 2000…
Investing World Canadian Economy In January Grows By 0.7%, Feb Seen Up 0.5% March 31, 2021 Ekemini Canada’s economy expanded for a ninth consecutive month in January, rising by 0.7% on gains in both goods and services, and it most likely gained 0.5% in February as restrictions…
Business World Brazil’s Unemployment Rate Rises To 14.2% March 31, 2021 Ekemini Unemployment in Brazil rose in January for the first time in four months, figures showed on Wednesday, kicking off the year back above 14% as job growth failed to keep…
Local Opinion Customs Recover N1bn Debit Notes From Importers, Shippers March 31, 2021 Ekemini The Comptroller General of the Nigeria Customs Service, Strike Force Unit says it has recovered debit notes worth N1bn from importers, shippers in the last three months. The service also…
Banking Business Investing World Dollar Hits One-Year High On Recovery Bets, Yields Lend Support March 31, 2021 Ekemini The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet that fiscal stimulus and aggressive vaccinations will help the United…
Business Technology World ByteDance Considers Listing Douyin In New York Or Hong Kong: Sources March 31, 2021 Ekemini ByteDance is in talks about a possible offshore listing of its short video app Douyin, the Chinese version of TikTok, in New York or Hong Kong, two people familiar with…
Business Technology World Hitachi To Buy U.S. Software Developer GlobalLogic For $9.6 Billion March 31, 2021 Ekemini Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt, as the Japanese industrial conglomerate pivots from electronics hardware to…
Investing Technology World A Billion Dollars For Every Chip-Maker Who ‘Makes In India’ March 31, 2021 Ekemini India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly…
Business World Volvo Cars To Review Various Options Including IPO, Geely Says March 31, 2021 Ekemini China’s Zhejiang Geely Holding Group said on Wednesday its Volvo Cars would explore capital market options including a potential initial public offering and stock market listing. Geely’s Hong Kong-listed unit…
Banking Business World H&M Slips To Loss, Pledges To Rebuild Trust In China After Backlash March 31, 2021 Ekemini H&M reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in China following a recent backlash there after comments it made…
Banking Business Investing World Mastercard, Rivals ‘Ran Cartel’ On Cards For The Vulnerable, UK Watchdog Says March 31, 2021 Ekemini -Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of society, Britain’s Payment Systems Regulator said on Wednesday. Mastercard, allpay,…
Local Opinion 13 Nigerian Security Chiefs, Others Stole $400m, Stash Loot In UAE – HEDA March 31, 2021 Ekemini The Human and Environmental Development Agenda has said assets and funds worth more than $400m stolen from Nigeria were stashed in the United Arab Emirates. The leading anti-graft group explained…
Local Opinion Customs Propose Ban On Vehicles Above Seven Years March 31, 2021 Ekemini The House of Representatives’ Committee on Customs and Excise has proposed a revenue target of N1.56tn for the Nigeria Customs Service in 2021, up from the original N1.4tn proposition. The…
Banking Business Local NEXIM, Afreximbank Mobilise $50m Funding For SMEs March 31, 2021 Ekemini The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support Small and Medium Enterprises in Nigeria. NEXIM announced on Tuesday…
Local Opinion Reps Summon FIRS Boss, Query Tax Waiver For P&G March 31, 2021 Ekemini The House of Representatives’ Committee on Public Accounts has invited the Chairman of Federal Inland Revenue Service, Mr Muhammad Mami, over a tax clearance certificates issued to Procter and Gamble,…
Africa Features Local Court Bars Federal Government From Blocking SIM Cards On April NIN Linkage Deadline March 31, 2021 Ekemini A Federal High Court in Lagos State has barred the Federal Government from blocking SIM cards not linked to National Identity Numbers next month. The Ministry of Communications and Digital…
Local Technology Tech Start-Up Set To Launch Virtual Meeting Solution March 31, 2021 Ekemini A Nigerian tech start-up firm, New waves Ecosystems Limited, is pitching for a major stake in the multi-billion-dollar global online meeting market with the launch of its virtual conferencing platform,…
Business Investing Local $1.5bn For Port Harcourt Refinery Rehabilitation Outrageous – Reps Caucus March 31, 2021 Ekemini The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery, describing the figure as ‘outrageous and heavily inflated’. The caucus,…
Local Opinion Federal Government To Meet Resident Doctors To Avoid Looming Strike March 31, 2021 Ekemini The Federal Government is set to meet with the leadership of the National Association of Resident Doctors to avoid the looming strike the medical professionals are set to embark upon.…
Business Technology World Ericsson Opens Lab In Canada To Test New 5G Tech March 31, 2021 Ekemini Ericsson is opening a lab in Ottawa, Canada, to work with customers and partners on new 5G radio access networks (RAN) technologies, the company said on Wednesday. The Swedish telecoms…
Business Technology World Daimler To Speed Up Electric Shift As 2021 Starts Strongly March 31, 2021 Ekemini Daimler has got off to a good start in 2021 despite a global shortage of semiconductor chips, and plans to accelerate the shift in its model line-up to electric cars,…
Business Opinion World Bayer To kick Off Sale Of $2.4 Billion Pest Control Unit This Summer – Sources March 31, 2021 Ekemini German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this summer with a price tag potentially topping 2 billion euros…
Opinion World Australia Marks Quietest Fire Season In A Decade March 31, 2021 Ekemini Australia’s most populous state has closed out its quietest fire season in a decade, its fire service said, as the coolest and wettest summer in years offered a reprieve from…
Business Investing World Asian Shares Wobble, Set For Monthly Loss On Bond Rout March 31, 2021 Ekemini Asian stocks were on the backfoot on Wednesday while the safe-haven dollar held near a one-year high as Treasury yields resumed their upward march, hitting sentiment even as Chinese data…
