Deliveroo Aims To Sell $1.4 Billion Of New Shares In Upcoming IPO
British food delivery company Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39 billion)of new…
Day: March 15, 2021
Roche Agrees To Buy GenMark Diagnostics In $1.8 Billion Deal
Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals…
World Stocks Inch Up On Stimulus, Vaccines Hopes
Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S.…
Danone Confirms Ousting Of Faber As Chairman And CEO After Activist Pressure
The board of French food group Danone said on Monday that Emmanuel Faber would step down as chairman and CEO,…
India To Propose Cryptocurrency Ban, Penalising Miners, Traders – source
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a…
Demutualisation: Stockbrokers Urged To Adjust Models With New Market Structure
Stockbroking companies in Nigeria have been urged to align their business models with the newly demutualised Nigerian Stock Exchange (NSE) to…
All-Share Index Falls 1.7% As Demutualisation Fails To Lift Market
The stock market recorded its sixth consecutive decline last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declining…
Crypto Exchanges Move To Control Scam Activities In Nigeria
Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded security protocols. The…
China’s Factories, Consumers Drive Recovery Into 2021
China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy…
Naira’s Free Fall: Insurance Industry Capital Base Crashes To $1b
Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1…
Emerging Markets Brace For Rate Hikes With Debt At Records
After an unprecedented period of rate cuts to prop up economies shattered by Covid-19, Brazil is expected to raise rates…
Oil Marketers Seek Reactivation Of 21 Depots Across Nigeria
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for the reactivation of the 21 petrol depots across the country.…
Global Central Banks Confront Enthusiasm Of Investors: Eco Week
Central bankers from Washington to Tokyo will this week confront the enthusiasm of investors betting on a return of inflation,…
N42bn Debt: Federal Government Of Nigeria Stops Telcos From Disconnecting USSD Services
The Federal Government, on Saturday, asked telecommunication operators to put on hold, their impending suspension of Unstructured Supplementary Service Data…
British Airways Calls For Vaccinated People To Travel Without RestrictionsBritish Airways Calls For Vaccinated People To Travel Without Restrictions
British Airways’s new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative…
ICAN To FG: Poor Forex Management Hurting Investor Confidence
The top hierarchy of the Institute of Chartered Accountants of Nigeria (ICAN) has impressed on the federal government the need…
Federal Government Of Nigeria Postpones Falomo Bridge Repairs, Partial Closure, To Announce New Date Soon
The Federal Controller of Works in Lagos, Mr Olukayode Popoola on Sunday said that the Federal Government has postponed plans…
Nigeria To Benefit From $6.95m Africa Digital Financial Inclusion Facility Grant
The Africa Digital Financial Inclusion Facility (ADFI) is offering six grants valued at USD6.95 million to finance digital financial inclusion…
Nigeria’s Rising Debt Servicing, An Economic Threat
The increasing debt service of Nigeria is an economic threat to the country, the Securities and Exchange Commission declared on…