Commodities Trader Buys $36 Million Of Copper And Gets Painted Rocks Instead
Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish…
Day: March 11, 2021
What Happens When Robinhood Traders Walk Out Of The Stock Market?
The findings support the view that the popularity of zero-commission brokers has attracted a new type of uninformed equity-market participant
Nigeria Does Not Have A Fulani Problem: What We Have is A Food Production Challenge
Even the most egregious and utterly deplorable religious and ethnic dimensions of the present farmer-herder crisis are ultimately symptomatic, not…
Central Bank Of Nigeria’s NIRSAL Reopens Portal For MSMEs, Individuals To Access Up To N25 Million
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises…
Renewed Confidence, Excitement As Nigeria Stock Exchange Completes Demutualisation Exercise
Completion of the 10 -year demutualisation project of the Nigerian Stock Exchange (NSE) has opened a new vista, especially growth…
Nigerian Payments Startup Flutterwave Now Valued At Over $1Bn. Raises $170m
Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African…
Stakeholders Canvass Policies to Regulate Cryptocurrency
The Nigerian Technology Industry Group has said there should be core policies that would help in regulating cryptocurrency providers in…
Nigeria, Largest Economy In Africa – UAE
The United Arab Emirates (UAE) on Wednesday, said Nigeria remained the largest economy in Africa. This was contained in a statement…
Smarter Dressing In Store For Hugo Boss As Lockdowns Lift
Hugo Boss expects its business will continue to suffer in the first quarter but forecast a gradual recovery from April…
UBA Group MD Explains Conservative Dividend Payout
The Group Managing Director/CEO of United Bank for Africa Plc, Mr. Kennedy Uzoka, has said the bank reduced its dividend…
Stakeholders Foresee Growth Opportunities In NSE’s Demutualisation
Stakeholders in the capital market have hailed the final approval given by the Securities and Exchange Commission (SEC) and the…
Australia To Subsidise Airfares As Part Of $928m Tourism Boost
The Australian government unveiled a 1.2 billion Australian dollars ($928m) tourism support package on Thursday, aimed at boosting local travel…
Investors Turn Up Heat On HSBC To Phase Out Fossil Fuel Funding
HSBC will phase out its support for the coal industry in the developed world by 2030 and in the developing…
Oil Prices Are Surging: Here’s Why Not Everyone Is Cheering
You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet…
Using Ibori Loot For Lagos-Ibadan Expressway, Abuja-Kano Rail Line Unjust – Sagay
The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has advised the President, Major General Muhammadu Buhari (retd.),…
With Green Energy, Japanese Governor Wants To Take Fukushima Out Of Nuclear Shadow
A decade after Japan’s devastating nuclear meltdown, the governor of Fukushima hopes the prefecture can step out of the shadow…
Nigerian Stock Market Rises By N128bn On Demutualization
The nation’s bourse on Wednesday overcame its negative posture growing by N128bn following bargain buying in Dangote Cement and Nestle…
Best Nigerian Stocks In 2020 Based On Dividend Yield
These are stocks that offered their investors the highest dividends for every naira invested in 2020 based on announced dividends…
China Semiconductor Trade Association Establishes Work Group With U.S. Counterpart
The Chinese Semiconductor Industry Association (CSIA), a major trade association for China’s chip industry, will establish a working group with…
Norwegian Air Updates Offer To Creditors In key Step Towards Survival
Norwegian Air said it had presented an updated restructuring proposal to creditors on Thursday, a major step in the airline’s…
Shell CEO Takes Large Pay Cut After Bruising 2020
Royal Dutch Shell Chief Executive Ben van Beurden’s pay package dropped by 42% to $7 million in 2020, a year…
How To Make PIB Beneficial To The Nigerian Govt. And Nigerians By Stakeholders
Some stakeholders, yesterday, brainstormed on some of the issues delaying passage of the 20-year old Petroleum Industry Bill (PIB), suggesting…
Senate Alleges N120billion Fraudulent Fuel Subsidy Payment
The Senate Committee on Public Accounts, yesterday, said it had uncovered a N120 billion differential in subsidy payment to the…
Two Out Of Five Bank Workers Are Contract Staff – NBS
Two out of every five people working in Nigerian banks are contract staff, analysis of data provided by the National…
Warren Buffett’s Net Worth Surpasses $100bn, Forbes Says
US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes…
UAE Extends Ban On Nigeria Flights To March 20
The United Arab Emirates has extended its ban on Nigerian flights till March 20. A statement from the public relations…
ICYMI: I Didn’t Defraud FG Of N51bn, N2.5bn –Buhari’s Daughter
One of the daughters of the President, Zahra Buhari-Indimi, has said she did not defraud the Federal Government of Nigeria…
Wage Bill Protests: National Assembly, Labour Meet Tuesday As Sponsor Knocks Unions
The leadership of the National Assembly will, on Tuesday next week, meet labour leaders over a bill which seeks to…
Dangote Set To Earn N13bn In Dividend From Sugar Business
Chairman of Dangote Group, Aliko Dangote, is expected to earn a dividend of N13.1bn for the financial year 2020 from…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS Terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints…