Technology World Samsung Gets 5G Equipment Contract From Japan’s NTT Docomo March 22, 2021 Ekemini Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply 5G network equipment, as the South Korean company positions itself…
Business Technology World S&P 500, Nasdaq Set For Higher Open On Tech Boost, Tesla Gains March 22, 2021 Ekemini The S&P 500 and the Nasdaq were headed for a higher opening on Monday as technology stocks looked set to rebound from a recent pullback that was sparked by a…
Business World Mondelez To Buy Majority Stake In UK Snack Bar Firm Grenade In Health Push March 22, 2021 Ekemini Cadbury chocolate-maker Mondelez International Inc said on Monday it would buy a majority stake in UK protein bar company Grenade, expanding the mix of its healthy snacks offerings. The terms…
Africa World South Africa Sells Its AstraZeneca Vaccine Doses To AU March 22, 2021 Ekemini South Africa has sold a million doses of the AstraZeneca coronavirus vaccine for distribution in 14 fellow African nations, the health minister announced Sunday. South Africa last month suspended its…
Business World ByteDance Acquires Gaming Studio Moonton At Around $4 Billion Valuation: Sources March 22, 2021 Ekemini ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. The…
Banking Investing Local Union Bank’s Annual Profit Rises To N25.4bn March 22, 2021 Ekemini Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the 2020 financial year, compared to the previous year. Its pretax…
Business Technology Facebook Rallies After Zuckerberg Downplays Risk Of Apple Policy March 22, 2021 Ekemini Facebook Inc. shares rallied on Friday, with the stock extending a recent advance after Chief Executive Officer, Mark Zuckerberg, downplayed the risk that the social-media company could see as a…
Business Local CBN Sets 94% Target For Financial Inclusion By 2024 March 22, 2021 Ekemini The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged Nigerians to harness the benefits of the underlying crypto technology to benefit the economy just as…
Opinion World FINMA Chief To Head Up German Financial Watchdog BaFin: Handelsblatt March 22, 2021 Ekemini Mark Branson, the head of Switzerland’s financial markets regulator FINMA, is to be named the new President of German financial watchdog BaFin, German daily Handelsblatt reported on Monday, citing government…
Banking Business Investing Local Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses March 22, 2021 Ekemini The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting households and micro, small and medium enterprises (MSMEs) affected by…
Africa Business World COVID-19 Has Opened New Opportunities In Digital Economy In Africa — ECA March 22, 2021 Ekemini A new report launched by the Economic Commission for Africa (ECA) on the impact of COVID-19 on e-commerce in the continent, shows that the pandemic, bad as it is, has…
Business World BOJ Buys Stock ETFs As Usual After Policy Change, But Changes May Lie Ahead March 22, 2021 Ekemini The Bank of Japan bought around 50 billion yen of Japanese stocks exchange traded funds (ETFs) on Monday, in line with previous operations despite the central bank last week dropping…
Opinion World Huawei Lawyers To Focus On Witness Refusal To Testify In U.S. Extradition March 22, 2021 Ekemini Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings on Monday are expected to focus on a former Canadian police officer who refused to testify despite being a key witness…
Banking Opinion World Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief March 22, 2021 Ekemini Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of a hawkish central bank governor sparked fears of a reversal…
Local Free Zone: Lagos To Attract Additional $5bn In 4 Years March 22, 2021 Ekemini The Lagos Free Zone (LFZ) which already has a committed investment of $2 billion is poised to attract an additional $5 billion over the next four years. This was disclosed…
Business Local What Data Say Of Nigeria’s Economy March 22, 2021 Ekemini In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for those who want to read the motive of the information…
Business Investing Local Forex Scarcity Hampering Airlines’ Operations, Says Onyema March 22, 2021 Ekemini Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume operations. Chairman and Chief Executive Officer of the airline, Allen…
Business Local Fed Govt Lists N163B Sovereign Sukuk March 22, 2021 Ekemini The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way for investors to trade on the non-interest bond. The Debt Management Office…
Local Opinion Minimum Wage: National Assembly Raises Panel To Avert Strike March 22, 2021 Ekemini The Clerk to the National Assembly, Olatunde Ojo, has constituted a nine-member committee to fashion out modalities for the implementation of the national minimum wage and other demands of the…
Business Investing Local UBA: Strong Performance In A Difficult Year March 22, 2021 Ekemini United Bank for Africa (UBA) Plc’s total assets last year leapt two spaces to N7.70 trillions from N5.62 trillion in 2019, about 37 per cent increase. The balance sheet performance…
Business World Brexit reality Stokes Fears For The Peace In Northern Ireland March 22, 2021 Ekemini The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the rest of the United Kingdom is emblazoned along the road…
Local Livestock Sector Can Add N33tn To Economy—Federal Government March 22, 2021 Ekemini Nigeria’s livestock sector has the potential to add N33tn worth of investments to the country’s economy, the Federal Government has said. Minister of Agriculture and Rural Development, Sabo Nanono, who…
Local Technology Power Generation Falls To 3,657MW As Hydro Output Plunges March 22, 2021 Ekemini Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as the output of the hydropower plants tumbled by more than a third. The latest data obtained…
Business Local NNPC’s Proposed Repair Of Port Harcourt Refinery March 22, 2021 Ekemini Within the outgone week, the Executive Council of the Federation reportedly approved the sum of $1.5bn for the turnaround maintenance of the 210,000n per day Port Harcourt Petroleum Refinery. There…
Business Investing Local Stock Market Records N140bn Weekly Loss March 22, 2021 Ekemini The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.69 per cent to close the…
Business Technology World China Seeks To Rein In Mobile Apps’ Collection Of Personal Data March 22, 2021 Ekemini China’s cyber watchdog said on Monday mobile app providers cannot deny users basic access to their services even if they decline to share non-essential personal information, in the government’s latest…
Business World Britons Should Wait Before Booking International Travel: Minister March 22, 2021 Ekemini Britons should wait before booking summer holidays abroad, social care minister Helen Whately warned on Monday, pointing out that there were rising COVID-19 infection rates in Europe. “My advice would…
Business Opinion World Saudi Aramco To Prioritise Energy Supply To China For 50 Years, Says CEO March 22, 2021 Ekemini Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time,…
Business World Oil Falls As European Lockdowns Douse Recovery Hopes March 22, 2021 Ekemini Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading.…
Business Local Forex Scarcity Hampering Airlines’ Operations, Says Onyema March 22, 2021 Ekemini Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume operations. Chairman and Chief Executive Officer of the airline, Allen…
