Samsung Gets 5G Equipment Contract From Japan’s NTT Docomo
Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply…
Month: March 2021
S&P 500, Nasdaq Set For Higher Open On Tech Boost, Tesla Gains
The S&P 500 and the Nasdaq were headed for a higher opening on Monday as technology stocks looked set to…
Mondelez To Buy Majority Stake In UK Snack Bar Firm Grenade In Health Push
Cadbury chocolate-maker Mondelez International Inc said on Monday it would buy a majority stake in UK protein bar company Grenade,…
South Africa Sells Its AstraZeneca Vaccine Doses To AU
South Africa has sold a million doses of the AstraZeneca coronavirus vaccine for distribution in 14 fellow African nations, the…
ByteDance Acquires Gaming Studio Moonton At Around $4 Billion Valuation: Sources
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it…
Union Bank’s Annual Profit Rises To N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the…
Facebook Rallies After Zuckerberg Downplays Risk Of Apple Policy
Facebook Inc. shares rallied on Friday, with the stock extending a recent advance after Chief Executive Officer, Mark Zuckerberg, downplayed…
CBN Sets 94% Target For Financial Inclusion By 2024
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged Nigerians to harness the benefits of the…
FINMA Chief To Head Up German Financial Watchdog BaFin: Handelsblatt
Mark Branson, the head of Switzerland’s financial markets regulator FINMA, is to be named the new President of German financial…
Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting…
COVID-19 Has Opened New Opportunities In Digital Economy In Africa — ECA
A new report launched by the Economic Commission for Africa (ECA) on the impact of COVID-19 on e-commerce in the…
BOJ Buys Stock ETFs As Usual After Policy Change, But Changes May Lie Ahead
The Bank of Japan bought around 50 billion yen of Japanese stocks exchange traded funds (ETFs) on Monday, in line…
Huawei Lawyers To Focus On Witness Refusal To Testify In U.S. Extradition
Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings on Monday are expected to focus on a former Canadian police…
Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief
Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend ousting of…
Free Zone: Lagos To Attract Additional $5bn In 4 Years
The Lagos Free Zone (LFZ) which already has a committed investment of $2 billion is poised to attract an additional…
What Data Say Of Nigeria’s Economy
In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for…
Forex Scarcity Hampering Airlines’ Operations, Says Onyema
Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume…
Fed Govt Lists N163B Sovereign Sukuk
The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way for investors…
Minimum Wage: National Assembly Raises Panel To Avert Strike
The Clerk to the National Assembly, Olatunde Ojo, has constituted a nine-member committee to fashion out modalities for the implementation…
UBA: Strong Performance In A Difficult Year
United Bank for Africa (UBA) Plc’s total assets last year leapt two spaces to N7.70 trillions from N5.62 trillion in…
Brexit reality Stokes Fears For The Peace In Northern Ireland
The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the…
Livestock Sector Can Add N33tn To Economy—Federal Government
Nigeria’s livestock sector has the potential to add N33tn worth of investments to the country’s economy, the Federal Government has…
Power Generation Falls To 3,657MW As Hydro Output Plunges
Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as the output of the hydropower plants…
NNPC’s Proposed Repair Of Port Harcourt Refinery
Within the outgone week, the Executive Council of the Federation reportedly approved the sum of $1.5bn for the turnaround maintenance…
Stock Market Records N140bn Weekly Loss
The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and…
China Seeks To Rein In Mobile Apps’ Collection Of Personal Data
China’s cyber watchdog said on Monday mobile app providers cannot deny users basic access to their services even if they…
Britons Should Wait Before Booking International Travel: Minister
Britons should wait before booking summer holidays abroad, social care minister Helen Whately warned on Monday, pointing out that there…
Saudi Aramco To Prioritise Energy Supply To China For 50 Years, Says CEO
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new…
Oil Falls As European Lockdowns Douse Recovery Hopes
Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products…
Forex Scarcity Hampering Airlines’ Operations, Says Onyema
Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume…