Oil Bears And Bulls Grapple As Market Puzzles Over Pandemic Exit
Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according…
Month: March 2021
Uber Must Do More On UK Minimum Wage Pledge: Union
Uber drivers in Britain should receive the minimum wage from the time they log on until they log off from…
Back To The ’70s As Fed Fuels Boom And Hopes For No Burns Marks
Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out…
NITDA Imposes N5m Fine On Fintech For Data Breach
The National Information Technology Development Agency has fined Electronic Settlement Limited the sum of N5m for personal data breach. This…
Nigeria Has Only 0.33% Share In Global Trade, WTO DG Decries
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Nigeria’s 0.33 per cent share in…
Stakeholders To Explore Africa Commodity Ecosystem At Investment Summit
Following the impacts of the COVID-19 pandemic on African economies, stakeholders are to meet to review solutions to the continent’s…
‘Federal Government Of Nigerian Must Reposition Capital Market To Accumulate Global Savings’
Experts have stressed the need for the Federal Government to reposition the local bourse to make it more attractive to…
Nigerian Stock Exchange Resumes New Trading Week With 0.22% Loss
The local bourse resumed the first trading week on a bearish note with key performance indicators dropping by 0.22 per…
Developers To Pay Lower Fees To Google’s App Store For First $1 Million In Revenue
Alphabet Inc’s Google said on Tuesday that it was cutting the service fee that app developers pay to Google Play…
Ford’s Turkish Joint Venture To Produce Electric Vans From 2023
Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go…
U.S. Lawmakers Seek 20% Boost In Foreign Affairs Budget, With Eye On China
Four Democratic U.S. lawmakers on Tuesday proposed an increase of $12 billion in the country’s foreign affairs budget, hoping to…
Central Bank Of Nigeria Introduces New Charges For USSD Services
The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use…
Private Equity Investors Fret Over Record U.S. Buyout Prices
Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some…
Tech Stocks Lift S&P 500, Nasdaq As Fed Meeting Kicks Off
The S&P 500 hit an all-time high on Tuesday while the Nasdaq touched a two-week peak as technology stocks caught…
Poland, Hungary Win Court Fight Over Turnover Taxes
Europe’s top court ruled on Monday that Polish and Hungarian taxes on turnover targeted by the EU Commission for giving…
Hedge Fund Indaba Capital Nominates Two To Benefit focus Board
Hedge fund Indaba Capital has nominated two directors to Benefitfocus Inc’s board five weeks after publicly calling on the benefit…
Activist Toshiba Shareholders Tipped To Win Crucial Vote On Independent Probe This Week
In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be…
I Wish Dangote Refinery Existed Years Ago – Okonjo-Iweala
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined…
Investors Value China’s Ant Group At Over $200 Billion After IPO Halt – Sources
Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020…
Rogers’ ‘Sweeteners’ For $16 Billion Shaw Takeover May Test Canadian Regulatory, Political Patience
Rogers Communications Inc’s efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to…
Federal Government Inaugurates National Livestock Breed Improvement Programme
The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between…
Fintech Company Flutterwave Announces Partnership With PayPal
Flutterwave, the $1bn fintech company founded by Nigerian-born Silicon Valley enthusiast, Olugbenga Agboola, has announced a new partnership with global…
Naira Exchanges For N481/$ At Parallel Market
The naira on Monday exchanged for N481/$ at the parallel market. At the Exporter & Importer forex window, the exchange…
Inflation Hits 17.33% — Highest In Four Years
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33…
AFL-CIO Urges U.S. To Block Imports Of Solar Products From China’s Xinjiang
The leader of the AFL-CIO, the largest U.S. labor federation, is calling on the Biden administration and Congress to stop…
Asia’s Fuel Exporters Target Sales Bump As Refineries Shut Down Under
Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand…
Investment In Clean Energy to Hit $131 Trillion By 2050 Agency Says
Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic…
Germany’s Bafin Submits Insolvency Filing To Wind Up Greensill Bank, Court Says
Germany’s financial regulator Bafin has submitted a filing to a court in Bremen to start insolvency proceedings for Greensill Bank,…
Germany Bets U.S. Will Make The Best Of ‘Bad Deal’ Nord Stream Gas Link
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian…
Nokia To Cut Up To 10,000 Jobs Over Next Two Years
Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two…