Features Local The Nigerian Insurers Association: Vehicles With Fake Insurance Certificates Hit 9.04 Million March 15, 2021 Ekemini The number of vehicles with fake certificates on Nigerian roads rose to 9.04 million according to latest figures obtained by our correspondent. Figures obtained from the Nigerian Insurers Association revealed…
Local Opinion Only Restructuring Will Restore Sanity To Nigeria –Group March 15, 2021 Ekemini A civil society organisation, the Advocates for Freedom and Democracy, has said Nigeria won’t regain its sanity until the restructuring of the country. This was the resolution of speakers and…
Local Opinion Petrol Subsidy To Gulp N102.96bn In March March 15, 2021 Ekemini The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month, going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory…
Local Opinion Buhari Dragged To Court Over Plans To Borrow N895billion From Nigerians March 15, 2021 Ekemini President Muhammadu Buhari has been dragged to court over the plans of his government to borrow an estimated N895billion from Nigerians. The money is the accumulation of balances in dormant…
Business Local Stockbrokers Want FG To Leverage Capital Market March 15, 2021 Ekemini The Federal Government (FG) has been urged to focus on raising bonds from the capital market to finance revenue-generating projects and reduce balance sheet borrowing. These among others were part…
Features Local Opinion Ex-GTBank MD, Adaramodu Joins Ekiti Guber Race March 15, 2021 Ekemini The former Deputy Managing Director of the Guarantee Trust Bank, Mr. Kayode Adaramodu, has declared intention to contest the Ekiti governorship poll in 2022 on the platform of the People’s…
Business World After US Sanctions, Huawei Turns To New Businesses To Boost Sales March 15, 2021 Ekemini Six months after the Trump administration dealt a crushing blow to Huawei Technologies Co.’s smartphone business, the Chinese telecommunications giant is turning to less glamorous alternatives that may eventually offset…
Opinion World Sandstorm Sends Pollution In Beijing To Maximum Level March 15, 2021 Ekemini Beijing was shrouded in thick brown dust that sent pollution levels soaring on Monday morning, as heavy winds brought in sand from Inner Mongolia and other parts of northwestern China.…
Business Investing World Xiaomi Wins Temporary Reprieve From US Ban On American Investment March 15, 2021 Ekemini Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone maker. The Trump-era ban was halted Friday by a US federal…
Investing World UK PM Pledges 3 Billion Pounds For England’s Bus Network March 15, 2021 Ekemini British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England’s bus network, aiming to provide more frequent, cheaper services to encourage people to catch the bus…
Business World Taiwan Central Bank Seen Holding Fire Again With Economy Strong March 15, 2021 Ekemini Taiwan’s central bank is expected to keep its policy rate steady at a record low this week as the economy continues to bounce back from the COVID-19 pandemic, supported by…
Business World H&M Sales Recover In March As Stores Reopen After Lockdown March 15, 2021 Ekemini Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the first half of March as pandemic restrictions were eased in…
Business World Dollar Gains Further As Treasury Yields Resume Climb March 15, 2021 Ekemini The dollar gained for a second consecutive session on Monday as rising U.S. Treasury yields forced traders to cut their bearish dollar bets to four-month lows. Benchmark 10-year Treasury yields…
Business World Take Five: Week Of The Central Banks March 15, 2021 Ekemini After a stunning selloff in U.S. Treasuries took benchmark 10-year yields above 1.6%, the highest in a year, the March 16-17 Federal Reserve meeting will be watched closely for hints…
Opinion World Philippine President’s Spokesman Tests Positive For COVID-19 March 15, 2021 Ekemini Philippine President Rodrigo Duterte’s spokesman Harry Roque confirmed on Monday he had tested positive for COVID-19, but said he had not been in contact with the country’s leader since receiving…
Business World Deliveroo Aims To Sell $1.4 Billion Of New Shares In Upcoming IPO March 15, 2021 Ekemini British food delivery company Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39 billion)of new shares in its upcoming initial public offering. The company, which…
Business Investing World Roche Agrees To Buy GenMark Diagnostics In $1.8 Billion Deal March 15, 2021 Ekemini Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals manufacturer said on Monday. Roche said it will launch a…
Business World World Stocks Inch Up On Stimulus, Vaccines Hopes March 15, 2021 Ekemini Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the $1.9 trillion stimulus bill…
Business World Danone Confirms Ousting Of Faber As Chairman And CEO After Activist Pressure March 15, 2021 Ekemini The board of French food group Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, adding that Gilles Schnepp, who joined as a director late…
Investing World India To Propose Cryptocurrency Ban, Penalising Miners, Traders – source March 15, 2021 Ekemini India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to…
Business Local Demutualisation: Stockbrokers Urged To Adjust Models With New Market Structure March 15, 2021 Ekemini Stockbroking companies in Nigeria have been urged to align their business models with the newly demutualised Nigerian Stock Exchange (NSE) to ensure more opportunities and minimise risks. Chairman, Association of…
Business Local All-Share Index Falls 1.7% As Demutualisation Fails To Lift Market March 15, 2021 Ekemini The stock market recorded its sixth consecutive decline last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declining by 1.74 per cent to close at 38,648.48, while market…
Business Investing World Crypto Exchanges Move To Control Scam Activities In Nigeria March 15, 2021 Ekemini Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded security protocols. The need to control scam activities like fraudulent transactions, is sequel…
Business World China’s Factories, Consumers Drive Recovery Into 2021 March 15, 2021 Ekemini China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy consolidated its brisk recovery from the coronavirus paralysis of early…
Business Local Naira’s Free Fall: Insurance Industry Capital Base Crashes To $1b March 15, 2021 Ekemini Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1 billion from $2.2 billion. This was contained in the Agusto…
Business World Emerging Markets Brace For Rate Hikes With Debt At Records March 15, 2021 Ekemini After an unprecedented period of rate cuts to prop up economies shattered by Covid-19, Brazil is expected to raise rates this week and Nigeria and South Africa could follow soon,…
Business Local Oil Marketers Seek Reactivation Of 21 Depots Across Nigeria March 15, 2021 Ekemini Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for the reactivation of the 21 petrol depots across the country. It said with this, the Petroleum Equalisation Fund (Management) Board…
Business Investing World Global Central Banks Confront Enthusiasm Of Investors: Eco Week March 15, 2021 Ekemini Central bankers from Washington to Tokyo will this week confront the enthusiasm of investors betting on a return of inflation, delivering policy responses ranging from cautious tolerance to interest-rate increases.…
Business Local N42bn Debt: Federal Government Of Nigeria Stops Telcos From Disconnecting USSD Services March 15, 2021 Ekemini The Federal Government, on Saturday, asked telecommunication operators to put on hold, their impending suspension of Unstructured Supplementary Service Data services over a N42bn debt owed by banks. This was…
Business World British Airways Calls For Vaccinated People To Travel Without RestrictionsBritish Airways Calls For Vaccinated People To Travel Without Restrictions March 15, 2021 Ekemini British Airways’s new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative COVID-19 test, as he set out his ideas for a…
