‘It’s To Protect Local Industries’ — Emefiele Defends Stance On FX Restriction For Milk Importers
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale…
Day: March 17, 2021
Nigeria’s Crude Oil Production Declined By 19.6% In Q4
Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in…
Italy Court Acquits Eni, Shell And All Defendants In Nigeria Graft Case
A Milan court on Wednesday acquitted energy groups Eni and Shell along with a series of past and present managers…
DMO: Federal Government Of Nigeria Spent $243m On External Debt Service In 2020
The federal government expended a total of $243 million on debt servicing between January and December 2020. This is contained…
Stellar Development Foundation Invests $750K In Nigeria Remittance Platform
The Stellar Development Foundation (SDF) just pumped $750,000 into Cowrie, a Nigeria-based fintech platform facilitating crypto remittance transfers. SDF said…
The Global Chip Shortage Is Still Hurting Samsung, Honda And Volkswagen
The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn…
EXPLAINER: What The Newly-Revised USSD Service Charge Means For Bank Customers In Nigeria
The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021 that bank customers…
Ex-JAMB Registrar, Prof. Ojerinde Arrested Over N900m Fraud
A former Registrar and Chief Executive Officer of the Joint Admission and Matriculation Board (JAMB), Professor Dibu Ojerinde, has been…
FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery
The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt…
One Young African Leader Listed For Dangote Fellowship
Eleven Africans, among them two Nigerians, who have been named Young Global Leaders by the World Economic Forum for 2021,…
Brawls In Shops As Lebanon’s Financial Meltdown Hits Supply Of Food
The collapse of Lebanon’s currency has forced many grocery shops to temporarily shut within the last 24 hours, raising fears…
Morgan Stanley Becomes First Major U.S. Bank To Offer Its Wealthy Clients Access To Bitcoin Funds: CNBC
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds, CNBC…
Lenovo’s Parent Company Invests $237 Million In Chinese Chipmaker Fullhan
Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of Chinese…
Two Jurors Dismissed In Floyd Murder Trial After News Of $27 Million Settlement
Two jurors seated in the trial of Derek Chauvin, the former Minneapolis police officer facing murder charges over his arrest…
Greece Sees Strong Demand For First 30-Year Bond Issue In Over A Decade
Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an…
200 Contractors Picket FHA Over N1.5bn Debt
Over 200 contractors of the Federal Housing Authority on Tuesday staged a protest at the headquarters of the FHA in…
Sterling Bank Appoints Two Directors
Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors in replacement of Ramesh…
No Fund Missing In Military Pensions, Says Board
The Military Pensions Board (MPB) has dismissed the allegation of missing N2.5 billion military pensions fund, describing the publications as…
Canada Annual Inflation Rate In February Accelerates To 1.1%
Canada’s annual inflation rate accelerated to 1.1% in February, up from a year-over-year increase of 1.0% in January, on higher…
Vodafone Seen Reaping 2.13 Billion Euros From Frankfurt IPO: Bookrunners
Vodafone is expected to price shares in infrastructure unit Vantage Towers at 24 euros ($28.60) each, valuing the firm at…
Activist Cevian Capital Trims Ericsson Stake Below 5%
Activist investor Cevian Capital has cut its holding in Ericsson to 4.81% of the telecom equipment maker’s share capital, according…
Coinbase To Float About 114.9 Million Shares In U.S. Listing
Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the…
Apple Gets Boost In French Privacy Fight, But Still Faces Probe
Apple was given a boost on Wednesday as France’s antitrust watchdog rejected advertisers’ requests to suspend the iPhone maker’s upcoming…
G7 Agrees To Boost IMF Reserves By $650 Billion To Fund Pandemic Relief
G7 advanced economies have agreed to boost International Monetary Fund reserves by around $650 billion through a new allocation of…
NEITI Pursues Recovery Of $5.31bn, N69.51bn Unremitted Funds
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday said it had begun tracking over $5.31 billion and a separate N69.51…
Excitement, Commendations As Zenith Bank Pays N94.2bn Dividend
Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year ended December 31,…
Michelle Obama Voices Hope For Lessons Learned Over Royal Family Racism Claims
Michelle Obama says she hopes the royal family will learn from the allegations of racism made by the Duke and…
Central Bank Of Nigeria Appoints KPMG Transaction Adviser For InfraCorp
The Central Bank of Nigeria (CBN) has engaged KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria…
“Meghan’s Racism Claims Against Royal Family Not A Surprise” – Michelle Obama
Former first lady of the United States of America, Michelle Obama has said it “wasn’t a complete surprise” to hear…
Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that…