Business World Richmond Fed’s Barkin: U.S. May Be ‘On The Brink’ Of Complete Recovery March 22, 2021 Ekemini The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus pandemic, Richmond Federal Reserve President Thomas Barkin said on Sunday, although…
Business Local POS Merchants Urge CBN To Change Charge-Back Policy March 22, 2021 Ekemini POS merchants operating in Nigeria has called on the Central Bank of Nigeria (CBN) to change its policy on charge-back claims on POS transactions as fraud increases at an alarming…
Business Investing World US-Nigeria Investment Summit To Hold In New York March 22, 2021 Ekemini The US-Nigeria Investments Summit has announced it will hold a global trade and investment event for 2021 in September. The event will hold in New York, United States. The summit…
World Canadian Pacific To Buy Kansas City Southern In $25 Billion Railway Bet On Trade March 22, 2021 Ekemini Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada,…
Business Technology Automobile Retail Experts Speak On Import Policies March 22, 2021 Ekemini While the Nigerian automobile industry has registered negligible growth in the recent years, due to many factors including substantial neglect of the government, private enterprises have actively taken the sector…
Business Local External Reserves Loses $52m In 16 Days March 22, 2021 Ekemini Nigeria’s external reserves has shrunk by $522,525,964 in 16 days. According to recent figures on the Central Bank of Nigeria’s (CBN) website, on March 1, 2021 the external reserve was…
Business Technology World Blackstone Proposal Values Australian Casino Operator Crown At $6.2 Billion March 22, 2021 Ekemini Buyout giant Blackstone Group Inc made a $5.6 billion play for the shares of Australia’s Crown Resorts Ltd it does not already own, weeks after the casino operator was deemed…
Technology World Japan Car Makers Scramble To Assess Impact Of Renesas Auto Chip-Plant Fire March 22, 2021 Ekemini Toyota, Nissan, Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a Renesas Electronics automotive chip plant that could aggravate a global…
Business World Wall Street’s Year Of Bust And Boom March 22, 2021 Ekemini Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago. U.S. stocks on Tuesday will mark the one-year anniversary of the market…
Business Local FG: Nigeria’s Excess Crude Account Balance Stands At $72.4m March 19, 2021 Ekemini Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday disclosed that the nation’s excess crude account (ECA) balance as at March 16, 2021, stood at $72,412,384.88 This is…
Business Technology World UK Partners Nigeria To Enhance Digital Access March 19, 2021 Ekemini The Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission (NCC) in collaboration with UK’s Digital Access Programme recently facilitated a technical conference on digital inclusion for…
Business Technology Pantami, Danbatta Seek Increased Collaboration Among ECOWAS States On ICT March 19, 2021 Ekemini Nigerian government has called for increased regional collaboration for the development of the Information and Communication Technology (ICT) ecosystem in West Africa. The Minister of Communications and Digital Economy, Dr.…
Business Local External Reserves Drop By $523m In Two Weeks March 19, 2021 Ekemini Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March 1, figures from the Central Bank of Nigeria revealed on Wednesday. The reserves,…
Business World Experts Seek Regulation Of Cryptocurrencies In Nigeria March 19, 2021 Ekemini Some economic experts have urged the Central Bank of Nigeria (CBN) to seek measures to regulate cryptocurrency transactions in the country. Senior Economist with Nigerian Economic Summit Group, Wilson Erumebor,…
Business Local N6.98 USSD Flat Rate Will Stabilise Payment System, Says CBN March 19, 2021 Ekemini The Central Bank of Nigeria (CBN) has said the harmonisation of all Unstructured Supplementary Service Data (USSD) fees to a single rate of N6.98 will stabilise Nigeria’s payment system. In…
Business Local Analysts List Measures To Curtail Inflation March 19, 2021 Ekemini Analysts yesterday advised the federal government to work in tandem with the monetary authorities to address challenges in agriculture and other variables that continue to put pressure on prices of…
Local Nigeria: Abuja Doctors Threaten Strike Over Unpaid Salaries, Entitlements March 19, 2021 Ekemini Medical doctors in Abuja under the umbrella of Association of Resident Doctors (ARD) have threatened to embark on strike over unpaid salaries and other entitlements. Its Chairman, Dr. Nnamdi Ezuma,…
World EU Declares AstraZeneca Vaccine Safe, Effective, As NGF Backs Its Continuous Use March 19, 2021 Ekemini THE European Medicines Agency, EMA, which is the European Union’s most authoritative regulator of medicinal products, has declared that the AstraZeneca vaccine is safe and effective for use, even as…
Technology World TELECOMS: Voice Call Subscribers Drop, Internet Users Rise In Q4’20 March 19, 2021 Ekemini The National Bureau of Statistics (NBS) yesterday said the number of subscribers for voice calls fell marginally quarter-on-quarter (QoQ) by 0.3 percent or 650,000 to 204.6 million in the fourth…
Business Local CBN To Sell N570bn Treasury Bills By Q2’21 March 19, 2021 Ekemini The Central Bank of Ni Nigeria, CBN, said it will sell N570 billion worth of Treasury Bills (TBs) in the second quarter of 2021 (Q2’21). The apex bank disclosed this…
Business Local FG Urged To Establish National Fleet To Harness $19trn Global Trade March 19, 2021 Ekemini Stakeholders in the Nigerian maritime industry have called on the federal government to reactivate its plans to establish a national fleet so as to take advantage of the global trade…
Business Local After $25b On Maintenance, FEC Approves New $1.5b For PH Refinery March 19, 2021 Ekemini The Federal Executive Council (FEC), presided over by President Muhammadu Buhari yesterday, approved the sum of $1.5 billion, about N575 billion, for immediate commencement of rehabilitation work on the largest…
Business Local DMO Lists N162.56bn Sukuk Bond On NSE March 19, 2021 Ekemini The Debt Management Office said on Thursday that it listed its third sovereign Sukuk, N162.557bn seven-year 11.200 per cent AL Ijarah Sovereign Sukuk due 2027, on the Nigerian Stock Exchange…
Business Local Stock Market Bearish Again, Indices Down By 0.04% March 19, 2021 Ekemini Negative sentiments resurfaced on the Nigerian Stock Exchange on Wednesday with the key indicators dropping by 0.04 per cent due to profit taking on banking stocks, the News Agency of…
Business Investing World Capital Group Becomes Second-Biggest Investor In ABB March 19, 2021 Ekemini U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on Friday, becoming the second-biggest shareholder in the Swiss engineering company. Capital, which…
Features Investing Local Opinion Federal Government Discovers Gold Deposit Along Abuja-Nasarawa Border March 19, 2021 Ekemini Adegbite paid Abdullahi Sule, the Nasarawa state governor, a courtesy visit in Abuja on Wednesday. The minister said the mineral resources were discovered during an integrated mineral exploration project along…
Local Opinion Alleged $2.5bn Arms Scandal: Stop Peddling Fictional Tales, APC Tells PDP March 19, 2021 Ekemini The All Progressives Congress, APC, has urged the Peoples Democratic Party (PDP) to wake up to its responsibility of providing a viable opposition which Nigeria’s democracy needs, instead of engaging…
Business World Corteva to Appoint Three Directors Proposed By Starboard March 19, 2021 Ekemini Corteva Inc said on Friday three new independent directors proposed by activist investor Starboard Value LP will join the agriculture product firm’s board, effective immediately. Starboard had in January nominated…
Banking World Citi, J.P. Morgan Hired To Coordinate Islandsbanki IPO March 19, 2021 Ekemini Iceland’s state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki’s upcoming initial public offering (IPO), it said in a statement on Friday. The government intends to…
Opinion World China Bans Tesla Cars In Military Complexes On Concerns About Cameras. March 19, 2021 Ekemini The Chinese military has banned Tesla Inc’s cars from military complexes and housing compounds because of concerns about sensitive data being collected by cameras built into the vehicles, Bloomberg News…
