Business Local Amaechi: We Have Borrowed $2.6bn From China For Lagos-Ibadan Rail March 30, 2021 Ekemini Rotimi Amaechi has confirmed that the Federal Government of Nigeria has borrowed about $2.6billion from China Exim Bank for the construction of a railway linking Lagos to Ibadan. The Minister…
Business World 4 Reasons For Big Moves In Currencies This Week March 30, 2021 Ekemini It will be another busy week for the financial markets with potentially big moves in currencies and equities. On Wednesday, President Biden will outline his $3 trillion infrastructure plan, which…
Business World Battered Lira Lures Back Japan Traders Looking For Yields March 30, 2021 Ekemini The Turkish lira’s tumble last week flushed out a number of bullish traders. Some Japan’s retail investors are already starting to jump back in. Individuals in the Asian nation boosted…
Business World Gen X Emerging From Pandemic With Firmer Grip On America’s Wallet March 30, 2021 Ekemini Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump during the Trump administration and through the coronavirus pandemic as…
Business Local Market Forces Should Determine Gas Prices For Sustained Growth – DPR March 30, 2021 Ekemini The Department of Petroleum Resources, DPR, yesterday, advocated that market forces should be allowed to determine gas prices, so as to guarantee the security of supply and demand of the…
Business Local Opinion Nigeria Will Continue To Rely On Natural Gas As A Transition Fuel — Sylva March 30, 2021 Ekemini Nigeria will continue to rely on natural gas as a transition fuel for key power generation while pursuing renewable for off-grid power, Timipre Sylva, Minister of State for Petroleum Resources…
Business Local Naira Sells For N409.13/$1 At I&E As Crypto Market Recovers March 30, 2021 Ekemini The Naira opened the week in the positives at the Investors and Exporters (I&) window on Monday, March 29, appreciating by 87 kobo or 0.21 per cent against the US…
Business Local Oil Drops As Suez Opens, Focus Turns To OPEC+ Output Cuts March 30, 2021 Ekemini Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and focus turned to an OPEC+ meeting this week where the extension…
Business Local FG, States’ Debt Profile Rise To N32.92trn – NBS March 30, 2021 Ekemini Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. It made the revelation in its Nigerian Domestic and…
Business World CEE MARKETS-Zloty Falls To 11-Year Low, Pressured By Pandemic And Low Interest Rates March 30, 2021 Ekemini The Polish zloty weakened to its lowest level since mid-2009 on Monday, underperforming its peers and adding to recent losses due to pressure from the COVID-19 pandemic, low interest rates…
Banking Business Investing Technology World PayPal To Let US Users Pay With Bitcoin, Ethereum, Litecoin From Today March 30, 2021 Ekemini Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today. After rolling out the ability for US users to directly…
Business Local Court Orders Prompt Hearing Of Suit Against Appeal Court Justices’ Appointment March 30, 2021 Ekemini A Federal High Court yesterday ordered accelerated hearing of a suit seeking to stop, the National Judicial Council (NJC) and others from proceeding with the ongoing process of appointing more…
Local Opinion FG Approves New Policy Framework For MSMEs March 30, 2021 Ekemini The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive Council (FEC) has finally approved the revised National Policy on…
Business Investing Local NLNG Calls For Urgent Development Of Nigeria’s Gas Resources March 30, 2021 Ekemini The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has stressed the need for Nigeria to take urgent steps in the development and utilisation of…
Local Opinion 937 Contractors Bid For UBEC/SUBEB School Projects In Kwara March 30, 2021 Ekemini No fewer than 937 local contractors on Monday participated in an open bidding for the construction/renovation of public schools and other facilities recently advertised by the Kwara State Universal Basic…
Opinion World Golfer Joaquin Niemann Helps Raise $2.1 Million To Save His Infant Cousin’s Life March 30, 2021 Ekemini Since announcing himself on the world stage with a PGA Tour victory as a rookie in 2019, Chile’s Joaquin Niemann has established himself as one of golf’s most exciting prospects.…
Banking Investing Local Fact Check: Did Buhari Promise To Make N1 Equal $1? March 30, 2021 Ekemini Presidential media adviser Femi Adesina on Sunday reopened an old debate as to whether President Muhammadu Buhari ever made a promise to restore parity between the Naira and dollar. In…
Local FG Declares Friday, Monday As Public Holidays To Mark Easter Celebration March 30, 2021 Ekemini Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, who made the declaration on behalf of the Federal Government, urged Christians to emulate the attributes of forbearance, forgiveness, kindness, humility, love, peace…
Business Investing World Wall Street Opens lower As Spike In Yields Pressures Tech Stocks March 30, 2021 Ekemini Wall Street’s main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and industrial stocks that stand to benefit from…
Business World Fortum Tightens Grip On Uniper In Leadership Shakeout March 30, 2021 Ekemini Finland’s Fortum has tightened its grip on German utility Uniper after a boardroom shake-up that sees changes to the chairman, CEO and chief financial officer. In a sudden move on…
Business World Austria In Talks To Buy A Million Doses Of Russia’s Sputnik V vaccine March 30, 2021 Ekemini Austria is in talks with Russia to buy a million doses of its Sputnik V coronavirus vaccine, which has yet to be approved by the European Medicines Agency, Chancellor Sebastian…
Banking Business World Senate Gives CBN Governor 72 Hours Ultimatum To Appear Over ‘Missing $9.5 Million March 30, 2021 Ekemini The Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy-two hours to appear before it to explain. what led to the alleged…
Banking Business World Microfinance Bank Expands Accessibility March 30, 2021 Ekemini Advans La Fayette Microfinance Bank, an international microfinance institution, has expanded its presence in Nigeria by launching a new Lagos office at Ikorodu. A statement titled ‘Advans expands Nigeria’s market…
Business Investing World Nike Sues Maker Of Lil Nas X ‘Satan Shoes’ March 30, 2021 Ekemini Nike is suing the art collective behind the Lil Nas X “Satan Shoes” that have sparked a social media backlash. In a lawsuit filed Monday, Nike accuses MSCHF Product Studio,…
Local Artisans With Pension Accounts Now 62,463, Says PenCom March 30, 2021 Ekemini Two years after the Federal Government launched the Micro Pension Plan for the informal sector, 62,463 artisans have opened Retirement Savings Accounts with Pension Fund Administrators. Statistics obtained on Monday…
Opinion Technology World Hyundai Motor To Suspend Some South Korea Output Due To Chip, Component Supply Issues March 30, 2021 Ekemini South Korea’s Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant in South Korea due to chip and component supply issues from…
Banking Opinion World After Firing Turkey’s Cenbank Chief, Erdogan Also Removes Deputy March 30, 2021 Ekemini President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday, 10 days after he fired the bank’s hawkish governor in a shock move that…
Business Technology World BMW Has Got Its Timing Right For Beefing Up Electric Cars: CEO March 30, 2021 Ekemini BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker is behind on electrification and could make its stock compete…
Business Investing World Oil Gains As Focus Switches To OPEC+ Extending Output Cuts March 30, 2021 Ekemini Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned to an OPEC+ meeting this week where the extension of…
Business World SK Innovation Says May Pull Its Battery Business Out Of U.S. March 30, 2021 Ekemini South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery business out of the United States if President Joe Biden does not…
