The Nigerian Insurers Association: Vehicles With Fake Insurance Certificates Hit 9.04 Million
The number of vehicles with fake certificates on Nigerian roads rose to 9.04 million according to latest figures obtained by…
Month: March 2021
Only Restructuring Will Restore Sanity To Nigeria –Group
A civil society organisation, the Advocates for Freedom and Democracy, has said Nigeria won’t regain its sanity until the restructuring…
Petrol Subsidy To Gulp N102.96bn In March
The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month, going by the recent pricing template for…
Buhari Dragged To Court Over Plans To Borrow N895billion From Nigerians
President Muhammadu Buhari has been dragged to court over the plans of his government to borrow an estimated N895billion from…
Stockbrokers Want FG To Leverage Capital Market
The Federal Government (FG) has been urged to focus on raising bonds from the capital market to finance revenue-generating projects…
Ex-GTBank MD, Adaramodu Joins Ekiti Guber Race
The former Deputy Managing Director of the Guarantee Trust Bank, Mr. Kayode Adaramodu, has declared intention to contest the Ekiti…
After US Sanctions, Huawei Turns To New Businesses To Boost Sales
Six months after the Trump administration dealt a crushing blow to Huawei Technologies Co.’s smartphone business, the Chinese telecommunications giant…
Sandstorm Sends Pollution In Beijing To Maximum Level
Beijing was shrouded in thick brown dust that sent pollution levels soaring on Monday morning, as heavy winds brought in…
Xiaomi Wins Temporary Reprieve From US Ban On American Investment
Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone maker.…
UK PM Pledges 3 Billion Pounds For England’s Bus Network
British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England’s bus network, aiming to provide more…
Taiwan Central Bank Seen Holding Fire Again With Economy Strong
Taiwan’s central bank is expected to keep its policy rate steady at a record low this week as the economy…
H&M Sales Recover In March As Stores Reopen After Lockdown
Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the…
Dollar Gains Further As Treasury Yields Resume Climb
The dollar gained for a second consecutive session on Monday as rising U.S. Treasury yields forced traders to cut their…
Take Five: Week Of The Central Banks
After a stunning selloff in U.S. Treasuries took benchmark 10-year yields above 1.6%, the highest in a year, the March…
Philippine President’s Spokesman Tests Positive For COVID-19
Philippine President Rodrigo Duterte’s spokesman Harry Roque confirmed on Monday he had tested positive for COVID-19, but said he had…
Deliveroo Aims To Sell $1.4 Billion Of New Shares In Upcoming IPO
British food delivery company Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39 billion)of new…
Roche Agrees To Buy GenMark Diagnostics In $1.8 Billion Deal
Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals…
World Stocks Inch Up On Stimulus, Vaccines Hopes
Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S.…
Danone Confirms Ousting Of Faber As Chairman And CEO After Activist Pressure
The board of French food group Danone said on Monday that Emmanuel Faber would step down as chairman and CEO,…
India To Propose Cryptocurrency Ban, Penalising Miners, Traders – source
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a…
Demutualisation: Stockbrokers Urged To Adjust Models With New Market Structure
Stockbroking companies in Nigeria have been urged to align their business models with the newly demutualised Nigerian Stock Exchange (NSE) to…
All-Share Index Falls 1.7% As Demutualisation Fails To Lift Market
The stock market recorded its sixth consecutive decline last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declining…
Crypto Exchanges Move To Control Scam Activities In Nigeria
Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded security protocols. The…
China’s Factories, Consumers Drive Recovery Into 2021
China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy…
Naira’s Free Fall: Insurance Industry Capital Base Crashes To $1b
Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1…
Emerging Markets Brace For Rate Hikes With Debt At Records
After an unprecedented period of rate cuts to prop up economies shattered by Covid-19, Brazil is expected to raise rates…
Oil Marketers Seek Reactivation Of 21 Depots Across Nigeria
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for the reactivation of the 21 petrol depots across the country.…
Global Central Banks Confront Enthusiasm Of Investors: Eco Week
Central bankers from Washington to Tokyo will this week confront the enthusiasm of investors betting on a return of inflation,…
N42bn Debt: Federal Government Of Nigeria Stops Telcos From Disconnecting USSD Services
The Federal Government, on Saturday, asked telecommunication operators to put on hold, their impending suspension of Unstructured Supplementary Service Data…
British Airways Calls For Vaccinated People To Travel Without RestrictionsBritish Airways Calls For Vaccinated People To Travel Without Restrictions
British Airways’s new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative…