Most Nigerian Airports Not Viable, Says Senate Committee
The chairman of Senate committee on aviation, Senator Smart Adeyemi, says most airports in Nigeria are not viable. Adeyemi stated…
Day: March 29, 2021
Take Advantage Of The N5bn Export Fund –NEPC
The Nigerian Export Promotion Council has called on all exporters and Small and Medium Scale Entrepreneurs to take advantage and…
Investors BlackRock, Vanguard Join Net Zero Effort
Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to…
Nomura Flags $2 Billion Loss, Cancels Bond Issue; Shares Plummet
Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan’s biggest brokerage and…
Telcos Reject Demand By Banks For Sim Swap List
Telecommunication Companies have rejected the demand by Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) to submit lists…
Daily Fuel Consumption Hits 72.72m litres, Marketers Blame Smuggling
Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the…
Federal Government Moves To Revive Oil Fabrication Yard In Lagos
The Federal Government has expressed its readiness to assist in reviving a multimillion-dollar oil fabrication yard in Lagos State stalled…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Treasury Wine Faces 175.6% Duty Rate For Australian Wine Exports To China
Treasury Wine Estates Ltd, the world’s largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6%…
Singapore Wealth Fund Buys 2.5% Stake In Cellnex From Benetton Family
Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from…
France, EU Close To A Deal On Air France Bailout: Minister
France and the European Union are close to a deal on a bailout for Air France, which like other carriers…
Exxon, Chevron Take A Slow Walk On The Path To U.S. Shale Recovery
Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a…
Alibaba-Backed Energy Monster Caught In Legal Dispute Ahead Of U.S. Listing
Energy Monster, China’s biggest mobile device power bank startup backed by Alibaba and SoftBank, is embroiled in an ownership dispute…
Saudi Arabia Seeks To Draw In Foreign Companies
Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters in Riyadh. The…
Banks Warn On Losses After Archegos Capital Stock Unwind
Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources…