Richmond Fed’s Barkin: U.S. May Be ‘On The Brink’ Of Complete Recovery
The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus pandemic,…
Month: March 2021
POS Merchants Urge CBN To Change Charge-Back Policy
POS merchants operating in Nigeria has called on the Central Bank of Nigeria (CBN) to change its policy on charge-back…
US-Nigeria Investment Summit To Hold In New York
The US-Nigeria Investments Summit has announced it will hold a global trade and investment event for 2021 in September. The…
Automobile Retail Experts Speak On Import Policies
While the Nigerian automobile industry has registered negligible growth in the recent years, due to many factors including substantial neglect…
Canadian Pacific To Buy Kansas City Southern In $25 Billion Railway Bet On Trade
Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create…
External Reserves Loses $52m In 16 Days
Nigeria’s external reserves has shrunk by $522,525,964 in 16 days. According to recent figures on the Central Bank of Nigeria’s…
Blackstone Proposal Values Australian Casino Operator Crown At $6.2 Billion
Buyout giant Blackstone Group Inc made a $5.6 billion play for the shares of Australia’s Crown Resorts Ltd it does…
Japan Car Makers Scramble To Assess Impact Of Renesas Auto Chip-Plant Fire
Toyota, Nissan, Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a…
Wall Street’s Year Of Bust And Boom
Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago. U.S. stocks…
FG: Nigeria’s Excess Crude Account Balance Stands At $72.4m
Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday disclosed that the nation’s excess crude account (ECA) balance…
UK Partners Nigeria To Enhance Digital Access
The Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission (NCC) in collaboration with UK’s Digital Access…
Pantami, Danbatta Seek Increased Collaboration Among ECOWAS States On ICT
Nigerian government has called for increased regional collaboration for the development of the Information and Communication Technology (ICT) ecosystem in…
External Reserves Drop By $523m In Two Weeks
Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March 1, figures from…
Experts Seek Regulation Of Cryptocurrencies In Nigeria
Some economic experts have urged the Central Bank of Nigeria (CBN) to seek measures to regulate cryptocurrency transactions in the…
N6.98 USSD Flat Rate Will Stabilise Payment System, Says CBN
The Central Bank of Nigeria (CBN) has said the harmonisation of all Unstructured Supplementary Service Data (USSD) fees to a…
Analysts List Measures To Curtail Inflation
Analysts yesterday advised the federal government to work in tandem with the monetary authorities to address challenges in agriculture and…
Nigeria: Abuja Doctors Threaten Strike Over Unpaid Salaries, Entitlements
Medical doctors in Abuja under the umbrella of Association of Resident Doctors (ARD) have threatened to embark on strike over unpaid…
EU Declares AstraZeneca Vaccine Safe, Effective, As NGF Backs Its Continuous Use
THE European Medicines Agency, EMA, which is the European Union’s most authoritative regulator of medicinal products, has declared that the …
TELECOMS: Voice Call Subscribers Drop, Internet Users Rise In Q4’20
The National Bureau of Statistics (NBS) yesterday said the number of subscribers for voice calls fell marginally quarter-on-quarter (QoQ) by…
CBN To Sell N570bn Treasury Bills By Q2’21
The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the…
FG Urged To Establish National Fleet To Harness $19trn Global Trade
Stakeholders in the Nigerian maritime industry have called on the federal government to reactivate its plans to establish a national…
After $25b On Maintenance, FEC Approves New $1.5b For PH Refinery
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari yesterday, approved the sum of $1.5 billion, about N575…
DMO Lists N162.56bn Sukuk Bond On NSE
The Debt Management Office said on Thursday that it listed its third sovereign Sukuk, N162.557bn seven-year 11.200 per cent AL…
Stock Market Bearish Again, Indices Down By 0.04%
Negative sentiments resurfaced on the Nigerian Stock Exchange on Wednesday with the key indicators dropping by 0.04 per cent due…
Capital Group Becomes Second-Biggest Investor In ABB
U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on Friday, becoming…
Federal Government Discovers Gold Deposit Along Abuja-Nasarawa Border
Adegbite paid Abdullahi Sule, the Nasarawa state governor, a courtesy visit in Abuja on Wednesday. The minister said the mineral…
Alleged $2.5bn Arms Scandal: Stop Peddling Fictional Tales, APC Tells PDP
The All Progressives Congress, APC, has urged the Peoples Democratic Party (PDP) to wake up to its responsibility of providing…
Corteva to Appoint Three Directors Proposed By Starboard
Corteva Inc said on Friday three new independent directors proposed by activist investor Starboard Value LP will join the agriculture…
Citi, J.P. Morgan Hired To Coordinate Islandsbanki IPO
Iceland’s state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki’s upcoming initial public offering (IPO), it…
China Bans Tesla Cars In Military Complexes On Concerns About Cameras.
The Chinese military has banned Tesla Inc’s cars from military complexes and housing compounds because of concerns about sensitive data…