Business World BlackRock Ups Focus On ‘Natural Capital’ Ahead Of AGM Season March 18, 2021 Ekemini BlackRock on Thursday warned companies that rely on nature or have an impact on natural habitats to publish a “no deforestation” policy and their strategy on biodiversity or face pushback…
Banking World Credit Suisse Execs Earn Less Following 2020 Headaches March 18, 2021 Ekemini Credit Suisse executives earned 12% less in total aggregate compensation in 2020, the bank’s annual report showed on Thursday, as bonuses were hit by legal matters, anticipated credit losses and…
Business Investing World Steeper And Higher: U.S. Bond Tantrum Averted, But Worries Remain March 18, 2021 Ekemini Markets may be less fearful of a “taper tantrum” after the Federal Reserve’s latest meeting, but the prospect of higher yields and a steeper yield curve is likely to remain…
Business World Fed Patience Calms Yields For Now, But Market Feels Like ‘Coiled Spring’ March 18, 2021 Ekemini The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic growth rebounds and inflation rises, at least temporarily, there are…
Business Technology World China Regulators Held Talks With Alibaba, Tencent, Nine Others On ‘Deepfake’ Tech March 18, 2021 Ekemini – Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of ‘deepfake’ technologies on their content platforms, stepping up scrutiny of…
Business World Stocks Cheer Dovish Fed, Yen Supported Before BOJ Decision March 18, 2021 Ekemini Asian shares and U.S. stock futures rose on Thursday after the Federal Reserve committed to maintaining accommodative monetary policy and projected a rapid jump in U.S. economic growth this year…
Business World U.N. Body Raises Global Economic Growth Forecast For 2021 To 4.7% March 18, 2021 Ekemini The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference on Trade and Development…
Business Local ‘It’s To Protect Local Industries’ — Emefiele Defends Stance On FX Restriction For Milk Importers March 17, 2021 Ekemini Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale of foreign exchange (FX) to milk importers. He was speaking…
Business Local Nigeria’s Crude Oil Production Declined By 19.6% In Q4 March 17, 2021 Ekemini Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in the fourth quarter of 2020, compared with the 1.89 mbpd…
Business Local Italy Court Acquits Eni, Shell And All Defendants In Nigeria Graft Case March 17, 2021 Ekemini A Milan court on Wednesday acquitted energy groups Eni and Shell along with a series of past and present managers including Eni CEO Claudio Descalzi in the oil industry’s biggest…
Business Local DMO: Federal Government Of Nigeria Spent $243m On External Debt Service In 2020 March 17, 2021 Ekemini The federal government expended a total of $243 million on debt servicing between January and December 2020. This is contained in the latest public debt stock data released by the…
Business Investing Local Stellar Development Foundation Invests $750K In Nigeria Remittance Platform March 17, 2021 Ekemini The Stellar Development Foundation (SDF) just pumped $750,000 into Cowrie, a Nigeria-based fintech platform facilitating crypto remittance transfers. SDF said Monday the investment, made through its Enterprise Fund, will provide…
Technology World The Global Chip Shortage Is Still Hurting Samsung, Honda And Volkswagen March 17, 2021 Ekemini The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn of sustained disruption. On Wednesday, Samsung (SSNLF) co-CEO…
Banking Local Technology EXPLAINER: What The Newly-Revised USSD Service Charge Means For Bank Customers In Nigeria March 17, 2021 Ekemini The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021 that bank customers will now pay a flat fee of N6.98 for every…
Opinion Ex-JAMB Registrar, Prof. Ojerinde Arrested Over N900m Fraud March 17, 2021 Ekemini A former Registrar and Chief Executive Officer of the Joint Admission and Matriculation Board (JAMB), Professor Dibu Ojerinde, has been arrested by the officials of the Independent Corrupt Practices Commission,…
Investing Local FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery March 17, 2021 Ekemini The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn. The decision was taken at the weekly…
Features One Young African Leader Listed For Dangote Fellowship March 17, 2021 Ekemini Eleven Africans, among them two Nigerians, who have been named Young Global Leaders by the World Economic Forum for 2021, are to benefit from the Aliko Dangote Fellowship. A statement…
Opinion World Brawls In Shops As Lebanon’s Financial Meltdown Hits Supply Of Food March 17, 2021 Ekemini The collapse of Lebanon’s currency has forced many grocery shops to temporarily shut within the last 24 hours, raising fears that a country reliant on imports could soon face shortages…
Banking Business World Morgan Stanley Becomes First Major U.S. Bank To Offer Its Wealthy Clients Access To Bitcoin Funds: CNBC March 17, 2021 Ekemini Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told…
Business Investing Technology World Lenovo’s Parent Company Invests $237 Million In Chinese Chipmaker Fullhan March 17, 2021 Ekemini Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of Chinese chipmaker Fullhan Microelectronics for 1.54 billion yuan ($236.9 million). The…
Opinion World Two Jurors Dismissed In Floyd Murder Trial After News Of $27 Million Settlement March 17, 2021 Ekemini Two jurors seated in the trial of Derek Chauvin, the former Minneapolis police officer facing murder charges over his arrest of George Floyd, were dismissed on Wednesday after they said…
Business World Greece Sees Strong Demand For First 30-Year Bond Issue In Over A Decade March 17, 2021 Ekemini Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an issue that was more than 10 times oversubscribed, the public…
Local Opinion 200 Contractors Picket FHA Over N1.5bn Debt March 17, 2021 Ekemini Over 200 contractors of the Federal Housing Authority on Tuesday staged a protest at the headquarters of the FHA in Abuja to demand the payment of N1.5bn owed them by…
Banking Local Sterling Bank Appoints Two Directors March 17, 2021 Ekemini Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors in replacement of Ramesh Rajapur and Grama Narasimhan on the board of the babk.…
Features Local Opinion No Fund Missing In Military Pensions, Says Board March 17, 2021 Ekemini The Military Pensions Board (MPB) has dismissed the allegation of missing N2.5 billion military pensions fund, describing the publications as outrageous and spurious. The Public Relations Officer of the Board,…
World Canada Annual Inflation Rate In February Accelerates To 1.1% March 17, 2021 Ekemini Canada’s annual inflation rate accelerated to 1.1% in February, up from a year-over-year increase of 1.0% in January, on higher gas prices, Statistics Canada said on Wednesday. Analysts polled by…
Technology World Vodafone Seen Reaping 2.13 Billion Euros From Frankfurt IPO: Bookrunners March 17, 2021 Ekemini Vodafone is expected to price shares in infrastructure unit Vantage Towers at 24 euros ($28.60) each, valuing the firm at 12 billion euros in one of Europe’s largest initial public…
Technology World Activist Cevian Capital Trims Ericsson Stake Below 5% March 17, 2021 Ekemini Activist investor Cevian Capital has cut its holding in Ericsson to 4.81% of the telecom equipment maker’s share capital, according to the Swedish Financial Supervisory Authority (FSA). Cevian, one of…
Business Investing Technology World Coinbase To Float About 114.9 Million Shares In U.S. Listing March 17, 2021 Ekemini Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the U.S. cryptocurrency exchange up for the highest-profile listing from a…
Technology World Apple Gets Boost In French Privacy Fight, But Still Faces Probe March 17, 2021 Ekemini Apple was given a boost on Wednesday as France’s antitrust watchdog rejected advertisers’ requests to suspend the iPhone maker’s upcoming privacy feature, but it still faces a probe into whether…
