World G7 Agrees To Boost IMF Reserves By $650 Billion To Fund Pandemic Relief March 17, 2021 Ekemini G7 advanced economies have agreed to boost International Monetary Fund reserves by around $650 billion through a new allocation of the fund’s special drawing rights, Japan’s Kyodo news agency reported…
Investing Local NEITI Pursues Recovery Of $5.31bn, N69.51bn Unremitted Funds March 17, 2021 Ekemini The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday said it had begun tracking over $5.31 billion and a separate N69.51 billion which had remained unremitted by some companies and agencies…
Banking Local Excitement, Commendations As Zenith Bank Pays N94.2bn Dividend March 17, 2021 Ekemini Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year ended December 31, 2020. The shareholders commended the board and management of the…
Breaking World Michelle Obama Voices Hope For Lessons Learned Over Royal Family Racism Claims March 17, 2021 Ekemini Michelle Obama says she hopes the royal family will learn from the allegations of racism made by the Duke and Duchess of Sussex in last week’s TV interview with Oprah…
Banking Local Central Bank Of Nigeria Appoints KPMG Transaction Adviser For InfraCorp March 17, 2021 Ekemini The Central Bank of Nigeria (CBN) has engaged KPMG LLP as transaction adviser for the newly-created Infrastructure Corporation of Nigeria Limited (InfraCorp). The Director, Corporate Communications, CBN, Mr. Osita Nwasinobi,…
Opinion World “Meghan’s Racism Claims Against Royal Family Not A Surprise” – Michelle Obama March 17, 2021 Ekemini Former first lady of the United States of America, Michelle Obama has said it “wasn’t a complete surprise” to hear the Duchess of Sussex’s claims of racism within the Royal…
Business Investing Local Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala March 17, 2021 Ekemini The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable competition…
Local Opinion Nigerian New Bill ‘Could Empower lawmakers To Impeach President’ When Summon Is Ignored March 17, 2021 Ekemini A bill seeking to empower the national assembly to summon the president has passed the second reading at the house of representatives. The constitutional amendment bill sponsored by Sergius Ogun…
Technology World World Going Through Unprecedented Chip Shortage, China Trade Body Says March 17, 2021 Ekemini The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year.…
Local Technology ‘Nigeria Must Intensify Cyber Security Ahead Of Broadband Revolution’ March 17, 2021 Ekemini To ensure maximum impact of the New National Broadband Plan (NNBP 2020-2025), Nigeria will need to pay adequate attention to cyber security matters. The need to ensure tighter cyberspace in…
Features Local Opinion We Gave Niger Delta Governors N100m Each As COVID-19 Palliatives – NDDC March 17, 2021 Ekemini The Niger Delta Development Commission (NDDC) has said that it gave each of the governors of the nine oil-producing states N100million each as COVID-19 palliatives. NDDC officials reportedly made the…
Technology World Toyota Chief Warns Apple Over Car Plans March 17, 2021 Ekemini Regardless of whether or not Apple is actually planning to launch a car, Toyota President Akio Toyoda has warned that the tech giant that building and selling cars isn’t as…
Features Local Continental Reinsurance Plc Positioned To Deliver Value Post-Covid Recovery Of African Nations March 17, 2021 Ekemini Almost 35 years after it was founded in Lagos, Nigeria, leading private pan-African reinsurer, Continental Reinsurance today announces it is “delivering and is positioned to deliver long-term value to shareholders…
Technology World Book On Telecoms Law, Regulations Debuts March 17, 2021 Ekemini The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof, Umar Danbatta was among eminent personalities that have endorsed a new book on Nigeria’s telecommunications industry’s legal and regulatory…
Business Local Technology FG Okays New N6.98 USSD Rate, Telcos Shelve Withdrawal March 17, 2021 Ekemini Telecommunications operators, yesterday, suspended planned withdrawal of Unstructured Supplementary Service Data (USSD) short code service, otherwise known as banks’ transfers from banks and other financial institutions in the country. The…
Business Local EFCC Directs Bankers To Declare Assets By June 1 March 17, 2021 Ekemini The Economic and Financial Crimes Commission (EFCC) has given bank employees June 1, 2021 deadline to declare their assets. EFCC Chairman, Mr. Abdulrasheed Bawa, told State House correspondents yesterday in…
Business Local Nigeria’s Inflation Rises Again, Hit Four-Year High In February March 17, 2021 Ekemini The consumer price index which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The National Bureau of Statistics on Tuesday revealed this in its report on Consumer…
Business World Pfizer To Halt Biosimilar Output In China, Sell Assets To WuXi Biologics March 17, 2021 Ekemini Pfizer Inc will stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, the U.S. drugmaker said on Wednesday. The…
Business World New York Stays Top In Finance As London Loses Ground, Index Shows March 17, 2021 Ekemini New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second place in the face of competition from Shanghai and other…
Africa Business Investing Elumelu: Foreign Investors Need Long-Term Plan For Africa March 17, 2021 Ekemini Foreign investors should have long-term investment plans for Africa, because it boasts of huge returns on investment, Chairman, Heirs Holdings, Tony Elumelu has said. Speaking at the virtual World Global…
Business Local Nigeria: Buhari Appoints Executive Directors For Islamic Development Bank, African Development Bank March 17, 2021 Ekemini President Muhammadu Buhari appointed two Nigerians to represent Nigeria’s interests in the African Development Bank, AfDB and Islamic Development Bank IsDB. Appointed were Dr. Oyebode Oyetunde as executive Director at…
Business World Tepco Shares Slump 10% After Regulator Slams Breaches At Nuclear Station March 17, 2021 Ekemini Shares of Tokyo Electric Power (Tepco) fell the most in eight years on Wednesday after Japan’s atomic regulator found safety breaches at its Kashiwazaki Kariwa station and a government minister…
World US Contacts Nigerian Visa Applicants Affected By Trump’s Travel Ban March 17, 2021 Ekemini The United States mission has said that it was prioritising immigrant visa applicants in Nigeria affected by the travel restrictions under Presidential Proclamations 9645 and 9983 signed by former President…
Business World Japan Inc Offers Lowest Pay Rises In 8 Years As Pandemic Bites March 17, 2021 Ekemini Japanese companies are offering the lowest wage increases in eight years as labour talks wrap up on Wednesday, in a sign the COVID-19 pandemic is putting an end to the…
Business Technology World BMW Sees Significant Profit Growth In 2021 March 17, 2021 Ekemini German carmaker BMW on Wednesday said it expects a significant year-on-year increase in group pretax profit in 2021 as it forecast a strong performance in all of its segments. BMW,…
Business Local Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala March 17, 2021 Ekemini The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable competition…
Business Investing Local Stock Market Sheds N193bn As Investors Await Clarity On Demutualisation March 17, 2021 Ekemini The market capitalisation of the Nigerian Stock Exchange (NSE) has declined by N173 billion as the euphoria that greeted the completion of its demutualisation gave way to apprehension and anxiety…
World British Premier Defends AstraZeneca Coronavirus Vaccine Over Blood Clot Fears March 17, 2021 Ekemini British Prime Minister Boris Johnson on Tuesday defended the safety of the AstraZeneca coronavirus vaccine, after several European countries halted its rollout over blood clot fears. Germany, Italy and France…
Business World European New Car Sales Drop By 20% Year-On-Year In February: ACEA March 17, 2021 Ekemini European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. New car registrations dropped by 20.3%…
Business Features Local Opinion Financial Crimes: We’re Focusing Searchlight On Bankers, Says Bawa March 17, 2021 Ekemini In its renewed poise to clamp down on financial crimes in the country, the Economic and Financial Crimes Commission (EFCC) said it is to focusing its spotlight on the activities…
