Nigerian Central Bank Leaves Benchmark Rate Unchanged, Denies New FX Policy
Nigeria’s central bank held its benchmark lending rate at 11.5% on Tuesday, said Governor Godwin Emefiele, who also denied that…
Day: March 23, 2021
Nigeria Devalues Currency As It Adopts Flexible Rate
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of…
Marginal Fields: FG Set To Realise $500m Target As Buyers Pay 50% Of Signature Bonus – Sylva
THE Federal Government, Tuesday, said it would likely realize the $500 million (N189.5 billion) target from the sale of the…
Path to varsity/poly certificate dichotomy, by FG
The Federal Government, yesterday came out clean on the perennial first degree/HND dichotomy, stating that the crisis could only be…
IMF Likely To Revise Higher Its Nigeria Growth Forecast – IMF Nigeria Mission Chief
The International Monetary Fund is likely to revise higher its growth forecast for Nigeria, its mission chief said on Tuesday.…
FG Plans To Commit $3 Billion In Power Sector In 24 Months
The Federal Government disclosed a plan to commit $3 billion to the power sector in the next two years. The…
Oil Market – Nigeria’s Bonny Light Price Dips By 36% – Investigation
With the continued negative impact of the Coronavirus pandemic and other factors, the average price of Nigeria’s Bonny Light has…
UN Agency Criticizes Lack Of Women On Covid-19 Task Forces
Women worldwide are being shut out of decisions regarding the coronavirus pandemic due to unequal representation on Covid-19 task forces,…
Ahead AFCON Qualifiers: Ndidi, Iheanacho Hit Camp Today
The Super Eagles camp came alive last night with the arrival of Everton midfielder, Alex Iwobi, Napoli striker, Victor Osimhen,…
Nigerian Fintech Startup, Blueloop, Gets YC Backing As It Plans Global Expansion
Nigerian fintech startup, Blueloop, has been accepted into the Winter 2021 batch of US-based accelerator, Y Combinator. The startup will…
Accounting Profession Needs Flexibility To Help Economy’
AO & FA Consulting has said its entry into the financial sector will add value to Nigerian economy. With a…
CBN Releases List Of 47 Approved IMTOs
The Central Bank of Nigeria (CBN) has released the list of 47 International Money Transfer Operators (IMYOs) approved to receive…
FG To End Electricity Subsidies by December 2021
The federal government intends to end the current subsidy being paid on electricity by the end of the year, Special…
Amazon Was Supposed To kill Instacart. Instead Instacart Became A Mini-Amazon
When Amazon bought Whole Foods in 2017, the outlook appeared bleak for Instacart. Not only did the grocery delivery startup suddenly have to compete…
California’s Senators Ask Biden To Ban Sale of Gas-Powered Cars
California’s two Senators are pushing the Biden Administration to set a date after which automakers would no longer be allowed…
Twitter Boss Jack Dorsey’s First Tweet Sells For $2.9m
Each NFT has its own blockchain-based digital signature, which serves as a public ledger, allowing anyone to verify the asset’s…
Jamoh Lauds Buhari For Approving Cabotage Fund Disbursement
The Director-General of Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh has lauded the President, Major General Muhammadu Buhari…
Mega Insurance Merger Derailed As Hartford Rejects Rival Chubb’s Offer
Property and casualty insurer Hartford rejected a $23.24 billion takeover offer from larger rival Chubb Ltd on Tuesday, derailing what…
In Southeast Asian Internet Battle, Sea’s Rise Sends Rivals Scrambling
In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colours of Southeast Asia tech group Sea…
Apple Card, Underwriter Goldman Sachs Committed No Fair Lending Violations
New York’s Department of Financial Services on Tuesday said it concluded its investigation into Apple’s credit card and its underwriter…
Pfizer To Develop New Vaccines On Its Own Using MRNA Technology – WSJ
Pfizer Inc plans to tap the mRNA technology to make new vaccines for other viruses following the success of its…
GameStop Loses Second Senior Exec As Shakeup Deepens
GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company on March 31, the…
CAC To Destroy Unclaimed Documents From April 30
The commission gave the warning in a notice titled “unclaimed certificates/documents”. In July, CAC announced that it will at its…
Futures Drop Ahead Of Powell, Yellen Testimonies
U.S. stock index futures slid on Tuesday as energy stocks dropped while investors awaited remarks from Fed Chair Jerome Powell…
Brazil Central Bank Aims To Prevent 2021 Inflation From Infecting 2022
Brazil’s central bank stands ready to raise interest rates by another 75 basis points in May in order to bring…
Elumelu: Entrepreneurship Key To Africa’s Sustainable Growth
The Founder of the Tony Elumelu Foundation (TEF), Mr. Tony O. Elumelu, has reiterated that equipping young people to succeed…
Attractive Yields Expected To Weigh On Nigerian & U.S Stocks
The Nigerian stock market continued its bearish streak for the 7th consecutive week as the All-share index dipped by 0.69%…
EU Extends Temporary Catch Limits On Fish Stocks Shared With Britain
European Union ministers agreed on Tuesday to extend to the end of July the bloc’s catch limits for fish stocks…
Norway Blocks Rolls-Royce’s Plan To Sell Engine Maker To Russia
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its…
At NATO, Blinken Warns Germany Over Nord Stream 2 Pipeline
U.S. Secretary of State Antony Blinken said on Tuesday the Nord Stream 2 pipeline being built from Russia to Germany…