National Information Technology Development Agency Seeks Review Of 2007 Act
The Director General of the National Information Technology Development Agency, Kashifu Abdullahi, has presented a proposal for the realignment of…
Day: March 2, 2021
Nigerians Now Use 80,000 Terabytes Of Internet Monthly, Above SSA Average
Nigerians now consume 80,000 terabytes of internet data every month says Umar Garba Danbatta, executive vice-chairman of the Nigerian Communications…
Google, Researchers Launch Data Platform To Tackle COVID-19
Google.org has joined hands with a consortium of COVID-19 researchers to launch Global.health, an open-access epidemiological data platform that enables…
Twitter Vows To Boost User Ranks And Revenue
Twitter said Thursday it wants to swell its ranks of users, offer more features, and double revenue in the next…
NIMC Warns Nigerians Against Fake NIN Verification Website
The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC on Friday warned…
Petrol Scarcity, Ploy To Hike Price, Say Marketers
The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as…
World Bank Withdraws Funding For Fossil Fuel Projects
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has disclosed that the World Bank…
Oil Demand To Reach 100m Barrels A Day In Four Years – McKinsey
Oil demand is expected to take two to four years to return to 2019 levels, depending on the duration of…
Managing Risk Associated With Capital Market Investment
The capital market is, generally, regarded as a safe haven for investment. There, your money works for you. The market…
Seplat Posts N191bn Full Year Revenue, To Pay Final Dividend
Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange(NSE) and the London…
Oil Price Rebounds To $66 Ahead Of OPEC Meeting
Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum…
2m Urban Youths To Benefit From USAID $15m Project
The U.S. Agency for International Development (USAID) has launched a new activity designed to empower as many as two million…
Abercrombie & Fitch Profit Beats On Lower Costs, Higher Holiday Pricing
Abercrombie & Fitch Co reported a better-than-expected quarterly profit on Tuesday and said it would resume share buybacks, as the…
Brazil Monthly Producer Price Inflation 3.36% In January, Second Highest Since 2014
The monthly rate of producer price inflation in Brazil kicked off this year at its second highest since comparable records…
Hertz Set To Ride Out Of Bankruptcy With $4.2 Billion From Investment Firms
Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring plan…
US Trade Rep Nominee Says She will Fight ‘unfair’ Chinese Trade
President Joe Biden’s US nominee for trade representative, Katherine Tai, says she will work to fight a range of “unfair”…
China Is Sounding The Alarm About A Global Market Bubble
One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the…
Nigeria Records Highest Power Transmission Of 5,615.40MW
The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national peak of 5,615.40MW. A statement…
Covid Vaccines Lands In Nigeria
The much awaited COVID-19 vaccine has landed in Nigeria. The vaccine was brought into the country via Emirates flight B…
$11m Debt: We’re Under No Winding-Up Order, Says StarTimes
A Chinese electronics and media company, StarTimes, says it is not subject to any winding-up court order, following a petition…
Stock Market Begins March With N70Bn Gain
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC…
Imperial Acquires SA E-commerce Startup ParcelNinja
Logistics company Imperial recently announced that it has acquired 60% of ParcelNinja. The deal took effect on 1 February. The…
Forex Trading As A Pyramid Scheme – A New Fad
There is an ongoing forex craze fueled by multi-level marketing schemes with the promise to earn you passive income on…
Local Currency Gains N1.05 As Turnover Drops At I&E
The Naira opened the month of March stronger, recording a N1.05 or 0.26 per cent gain against the Dollar at…
Dollar Clings To Three-Weeks High As Yields Steady
The dollar held on to three-weeks highs against major currencies on Monday as U.S. and euro zone bond yields steadied,…
Forex Trading: A Beginner’s Guide
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a…
German Retail Sales Tumble In January As Lockdown Bites
German retail sales tumbled more than expected in January as the COVID-19 lockdown and the withdrawal of a temporary cut…
Central Bank Of Nigeria To Increase Agric Loans By 6%
The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector to 10 per…
Palm Oil In Focus As Swiss Vote On Trade Pact With Indonesia
Swiss voters will decide on a free trade agreement (FTA) with Indonesia on Sunday, with lower tariffs on palm oil…
Ebay, Adevinta To Divest Smaller British Units To Salvage $9.2 Billion Tie-Up
Norway’s Adevinta and U.S. e-commerce group eBay aim to sell three smaller British units in order to obtain regulatory approval…