Amaechi: We Have Borrowed $2.6bn From China For Lagos-Ibadan Rail
Rotimi Amaechi has confirmed that the Federal Government of Nigeria has borrowed about $2.6billion from China Exim Bank for the…
Month: March 2021
4 Reasons For Big Moves In Currencies This Week
It will be another busy week for the financial markets with potentially big moves in currencies and equities. On Wednesday, President…
Battered Lira Lures Back Japan Traders Looking For Yields
The Turkish lira’s tumble last week flushed out a number of bullish traders. Some Japan’s retail investors are already starting…
Gen X Emerging From Pandemic With Firmer Grip On America’s Wallet
Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump…
Market Forces Should Determine Gas Prices For Sustained Growth – DPR
The Department of Petroleum Resources, DPR, yesterday, advocated that market forces should be allowed to determine gas prices, so as…
Nigeria Will Continue To Rely On Natural Gas As A Transition Fuel — Sylva
Nigeria will continue to rely on natural gas as a transition fuel for key power generation while pursuing renewable for…
Naira Sells For N409.13/$1 At I&E As Crypto Market Recovers
The Naira opened the week in the positives at the Investors and Exporters (I&) window on Monday, March 29, appreciating…
Oil Drops As Suez Opens, Focus Turns To OPEC+ Output Cuts
Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and focus…
FG, States’ Debt Profile Rise To N32.92trn – NBS
Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS)…
CEE MARKETS-Zloty Falls To 11-Year Low, Pressured By Pandemic And Low Interest Rates
The Polish zloty weakened to its lowest level since mid-2009 on Monday, underperforming its peers and adding to recent losses…
PayPal To Let US Users Pay With Bitcoin, Ethereum, Litecoin From Today
Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today.…
Court Orders Prompt Hearing Of Suit Against Appeal Court Justices’ Appointment
A Federal High Court yesterday ordered accelerated hearing of a suit seeking to stop, the National Judicial Council (NJC) and…
FG Approves New Policy Framework For MSMEs
The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive…
NLNG Calls For Urgent Development Of Nigeria’s Gas Resources
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has stressed the need for Nigeria…
937 Contractors Bid For UBEC/SUBEB School Projects In Kwara
No fewer than 937 local contractors on Monday participated in an open bidding for the construction/renovation of public schools and…
Golfer Joaquin Niemann Helps Raise $2.1 Million To Save His Infant Cousin’s Life
Since announcing himself on the world stage with a PGA Tour victory as a rookie in 2019, Chile’s Joaquin Niemann has established…
Fact Check: Did Buhari Promise To Make N1 Equal $1?
Presidential media adviser Femi Adesina on Sunday reopened an old debate as to whether President Muhammadu Buhari ever made a…
FG Declares Friday, Monday As Public Holidays To Mark Easter Celebration
Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, who made the declaration on behalf of the Federal Government, urged Christians to…
Wall Street Opens lower As Spike In Yields Pressures Tech Stocks
Wall Street’s main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while…
Fortum Tightens Grip On Uniper In Leadership Shakeout
Finland’s Fortum has tightened its grip on German utility Uniper after a boardroom shake-up that sees changes to the chairman,…
Austria In Talks To Buy A Million Doses Of Russia’s Sputnik V vaccine
Austria is in talks with Russia to buy a million doses of its Sputnik V coronavirus vaccine, which has yet…
Senate Gives CBN Governor 72 Hours Ultimatum To Appear Over ‘Missing $9.5 Million
The Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy-two hours to…
Microfinance Bank Expands Accessibility
Advans La Fayette Microfinance Bank, an international microfinance institution, has expanded its presence in Nigeria by launching a new Lagos…
Nike Sues Maker Of Lil Nas X ‘Satan Shoes’
Nike is suing the art collective behind the Lil Nas X “Satan Shoes” that have sparked a social media backlash.…
Artisans With Pension Accounts Now 62,463, Says PenCom
Two years after the Federal Government launched the Micro Pension Plan for the informal sector, 62,463 artisans have opened Retirement…
Hyundai Motor To Suspend Some South Korea Output Due To Chip, Component Supply Issues
South Korea’s Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant in…
After Firing Turkey’s Cenbank Chief, Erdogan Also Removes Deputy
President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday, 10 days after he…
BMW Has Got Its Timing Right For Beefing Up Electric Cars: CEO
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker…
Oil Gains As Focus Switches To OPEC+ Extending Output Cuts
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned…
SK Innovation Says May Pull Its Battery Business Out Of U.S.
South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery business out…