Business World Oil Bears And Bulls Grapple As Market Puzzles Over Pandemic Exit March 17, 2021 Ekemini Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according to market data and analysts, with oil bulls and bears…
Business World Uber Must Do More On UK Minimum Wage Pledge: Union March 17, 2021 Ekemini Uber drivers in Britain should receive the minimum wage from the time they log on until they log off from the app, two former drivers who led a successful court…
Business World Back To The ’70s As Fed Fuels Boom And Hopes For No Burns Marks March 17, 2021 Ekemini Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by…
Business Technology NITDA Imposes N5m Fine On Fintech For Data Breach March 16, 2021 Ekemini The National Information Technology Development Agency has fined Electronic Settlement Limited the sum of N5m for personal data breach. This was contained in a statement on Monday titled ‘NITDA sanctions…
Business Features Investing Local Nigeria Has Only 0.33% Share In Global Trade, WTO DG Decries March 16, 2021 Ekemini The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Nigeria’s 0.33 per cent share in world trade is “a very small fraction” of the volume…
Africa Business Investing Stakeholders To Explore Africa Commodity Ecosystem At Investment Summit March 16, 2021 Ekemini Following the impacts of the COVID-19 pandemic on African economies, stakeholders are to meet to review solutions to the continent’s macroeconomic challenges at a conference. The conference organised by JODOR…
Business Investing World ‘Federal Government Of Nigerian Must Reposition Capital Market To Accumulate Global Savings’ March 16, 2021 Ekemini Experts have stressed the need for the Federal Government to reposition the local bourse to make it more attractive to accumulate savings from the rest of the world. The Managing…
Business Local Nigerian Stock Exchange Resumes New Trading Week With 0.22% Loss March 16, 2021 Ekemini The local bourse resumed the first trading week on a bearish note with key performance indicators dropping by 0.22 per cent, amid profit taking in 19 stocks, the News Agency…
Investing Technology World Developers To Pay Lower Fees To Google’s App Store For First $1 Million In Revenue March 16, 2021 Ekemini Alphabet Inc’s Google said on Tuesday that it was cutting the service fee that app developers pay to Google Play app store to 15% for the first $1 million in…
Business Investing Technology World Ford’s Turkish Joint Venture To Produce Electric Vans From 2023 March 16, 2021 Ekemini Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go into production in Turkey in 2023 and include fully electric…
Business World U.S. Lawmakers Seek 20% Boost In Foreign Affairs Budget, With Eye On China March 16, 2021 Ekemini Four Democratic U.S. lawmakers on Tuesday proposed an increase of $12 billion in the country’s foreign affairs budget, hoping to prod President Joe Biden to boost funding for diplomacy after…
Banking Business Local Central Bank Of Nigeria Introduces New Charges For USSD Services March 16, 2021 Ekemini The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use USSD services. The charges were part of the agreements after…
Business World Private Equity Investors Fret Over Record U.S. Buyout Prices March 16, 2021 Ekemini Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some investors leery of whether the industry can keep delivering on…
Business World Tech Stocks Lift S&P 500, Nasdaq As Fed Meeting Kicks Off March 16, 2021 Ekemini The S&P 500 hit an all-time high on Tuesday while the Nasdaq touched a two-week peak as technology stocks caught a bid ahead of the Federal Reserve’s two-day policy meeting.…
World Poland, Hungary Win Court Fight Over Turnover Taxes March 16, 2021 Ekemini Europe’s top court ruled on Monday that Polish and Hungarian taxes on turnover targeted by the EU Commission for giving an unfair advantage to small businesses over their bigger, foreign…
World Hedge Fund Indaba Capital Nominates Two To Benefit focus Board March 16, 2021 Ekemini Hedge fund Indaba Capital has nominated two directors to Benefitfocus Inc’s board five weeks after publicly calling on the benefit management software company to sell itself following years of poor…
Business World Activist Toshiba Shareholders Tipped To Win Crucial Vote On Independent Probe This Week March 16, 2021 Ekemini In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be an independent probe into allegations that investors were pressured ahead…
Features Investing Local I Wish Dangote Refinery Existed Years Ago – Okonjo-Iweala March 16, 2021 Ekemini The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined petroleum products if Dangote Refinery had existed years ago. She…
Technology World Investors Value China’s Ant Group At Over $200 Billion After IPO Halt – Sources March 16, 2021 Ekemini Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a…
Business World Rogers’ ‘Sweeteners’ For $16 Billion Shaw Takeover May Test Canadian Regulatory, Political Patience March 16, 2021 Ekemini Rogers Communications Inc’s efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to overcome regulatory hurdles and political opposition amid concerns Canadians face…
Investing Local Federal Government Inaugurates National Livestock Breed Improvement Programme March 16, 2021 Ekemini The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between farmers and herders across the country. It said the programme…
Business Technology World Fintech Company Flutterwave Announces Partnership With PayPal March 16, 2021 Ekemini Flutterwave, the $1bn fintech company founded by Nigerian-born Silicon Valley enthusiast, Olugbenga Agboola, has announced a new partnership with global payment solutions platform, PayPal. In a statement on Tuesday, Flutterwave’s…
Features Local Opinion Naira Exchanges For N481/$ At Parallel Market March 16, 2021 Ekemini The naira on Monday exchanged for N481/$ at the parallel market. At the Exporter & Importer forex window, the exchange rate hit a high of N412. The Central Bank of…
Business Local Opinion Inflation Hits 17.33% — Highest In Four Years March 16, 2021 Ekemini The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33 percent in February. This is the highest point since April…
Technology World AFL-CIO Urges U.S. To Block Imports Of Solar Products From China’s Xinjiang March 16, 2021 Ekemini The leader of the AFL-CIO, the largest U.S. labor federation, is calling on the Biden administration and Congress to stop imports of solar products from China’s Xinjiang region over human…
Business World Asia’s Fuel Exporters Target Sales Bump As Refineries Shut Down Under March 16, 2021 Ekemini Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand spot amid otherwise coronavirus crimped markets China appears to be…
Business World Investment In Clean Energy to Hit $131 Trillion By 2050 Agency Says March 16, 2021 Ekemini Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen…
Banking World Germany’s Bafin Submits Insolvency Filing To Wind Up Greensill Bank, Court Says March 16, 2021 Ekemini Germany’s financial regulator Bafin has submitted a filing to a court in Bremen to start insolvency proceedings for Greensill Bank, a spokeswoman for the court said on Tuesday. Greensill Bank…
Business World Germany Bets U.S. Will Make The Best Of ‘Bad Deal’ Nord Stream Gas Link March 16, 2021 Ekemini Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion…
Business Technology World Nokia To Cut Up To 10,000 Jobs Over Next Two Years March 16, 2021 Ekemini Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities.…
