Business Investing World Britain’s Burberry To Beat Forecasts After Sales Rebound March 12, 2021 Ekemini British luxury group Burberry said on Friday it would beat market forecasts for profits and revenues in its final quarter after a strong rebound in sales since December, sending its…
Investing World Power To The Beeple: Digital Art Fetches $69.3M At Auction March 12, 2021 Ekemini American artist Beeple became the first to sell a purely digital piece of artwork at auction, fetching more than $69.3m for “Everydays – The First 5000 Days”, a stunning collage…
World Syria: Oil Refinery Attacks Raise Fears Of ‘Grave Escalation’ March 12, 2021 Ekemini Attacks on rural Aleppo that caused severe damage to oil facilities have been described as “state terrorism” by the Syrian opposition, in what is a possible message to Turkish-backed forces…
Features Local Between UK’s Diplomats And Nigeria’s New Ambassadors March 12, 2021 Ekemini he United Kingdom’s current High Commissioner to Nigeria, Catriona Laing, trended lately. The occasion was when she rejoiced with a fellow female, Ngozi Okonjo-Iweala, selected recently as the Director-General of…
Local Opinion Danjuma-Led COVID-19 Task Force Spends N3.3bn March 12, 2021 Ekemini The General TY Danjuma-led Victim Support Funds Task Force on COVID-19 on Thursday said it had so far spent N3.3bn in various intervention projects since the outbreak of the pandemic…
Features Local AstraZeneca Vaccine Has No Side Effect –NAFDAC DG March 12, 2021 Ekemini Prof. Mojisola Adeyeye, the Director-General of the National Agency for Food and Drug Administration and Control, says the Astrazeneca vaccine recently inaugurated and distributed to states to treat COVID-19 has…
Features Local #FuelPriceHike: No Increase In Petrol Depot Price This Month, NNPC Insists March 12, 2021 Ekemini he Nigerian National Petroleum Corporation has insisted that there is no increment in the ex-depot price of Premium Motor Spirit also known as petrol this month despite a template released…
Banking Business Local Manufacturers Unable To Access Central Bank Of Nigeria’s N1tn Stimulus Facility—MAN March 12, 2021 Ekemini The Manufacturers Association of Nigeria has lamented the difficulty in accessing the Central Bank’s N1tn COVID-19 Stimulus for Manufacturing and Import Substitution, 2020. Its Director-General, Segun Ajayi-Kadir, in a position…
Local Opinion EFCC Arraigns Three FIRS Directors, Six Other Officers For N4.5 Billion Fraud March 12, 2021 Ekemini The Economic and Financial Crimes Commission, EFCC on Thursday, arraigned Peter Hena, former Coordinating Director of Federal Inland Revenue Service, FIRS and eight other officers of the agency before Justice…
Investing World UK Exports To EU Slump In First Month Of New Brexit Trade Ties March 12, 2021 Ekemini Exports and imports from Britain to the European Union plunged during the first month of the country’s new trade relationship with the bloc, according to data published on Friday with…
Investing World ECB’s Villeroy Flags Flexibility On Bond Purchases March 12, 2021 Ekemini The European Central Bank will be flexible at all levels in its bond purchases, ECB policymaker Francois Villeroy de Galhau said on Friday after the bank announced plans to accelerate…
Business Investing World Southeast Asia’s Grab In Talks For U.S. Listing Via $40 Billion SPAC Deal: Sources March 12, 2021 Ekemini Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with a U.S. special purpose acquisition company that could value it…
World As vaccine Nationalism Deepens, Governments Pay To Bring Production Home March 12, 2021 Ekemini In the German town of Dessau, one of the sites of the Bauhaus art school, an institute was set up in 1921 to mass-produce vaccines that later helped strengthen the…
Opinion World Swiss Bank Rahn+Bodmer In U.S. Settlement Over Clients Defrauding IRS March 12, 2021 Ekemini Zurich private bank Rahn+Bodmer will pay $22 million to settle U.S. criminal charges it helped American taxpayers who were exiting accounts at UBS and other Swiss banks and hiding hundreds…
Business Investing World Rakuten To Sell 8% Stake To Japan Post In Amazon Battle March 12, 2021 Ekemini Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the…
Banking Business World Deutsche Bank 2020 Bonuses Jump 29% As Bank Turns Profit March 12, 2021 Ekemini Deutsche Bank paid 29% more in bonuses for the past year, the lender said on Friday, rewarding staff for a pandemic related trading boom that helped the bank eke out…
Business World UK Economy Shrinks By Monthly 2.9% In January March 12, 2021 Ekemini Britain’s economy shrank by 2.9% in January from December as the country went back into a coronavirus lockdown, official data showed on Friday. Economists polled by Reuters had expected a…
Business World Hempburger To Go? Thai Consumer Goods Firms Pile Into Legal Cannabis Trade March 12, 2021 Ekemini If the bets of Thailand’s farmed cannabis promoters pay off, Thais could soon be chowing down on hempburgers, washed down with cannabis-derived drinks, before freshening up with shower gel and…
Business Investing World From $318K To $0: Bitcoin Price Predictions For 2021 March 12, 2021 Ekemini What will be the price of Bitcoin in one year? Ten years? Twenty years? Watch our latest video for our speculation! The moderates The Stock-to-Flow (S2F) model created by PlanB…
Business World Asian Stocks Up On Dovish ECB As Biden Signs Stimulus March 12, 2021 Ekemini Asian shares rose on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and after a dovish European Central Bank meeting prompted a retreat in…
Business Local National Assembly Is Broke, Needs Bigger Budget To Be Efficient –Reps March 12, 2021 Ekemini The House of Representatives has said the National Assembly is underfunded to function efficiently and effectively as a national parliament. The House decried that the paucity of funds has made…
Business World Biden: All U.S. Adults To Be Eligible For Vaccines By May, Some Normalcy Coming By Summer March 12, 2021 Ekemini President Joe Biden told U.S. states on Thursday to make all adults eligible for a coronavirus vaccine by May 1 and urged Americans to stay vigilant or face more restrictions,…
Business Local NANS Commends CBN Cash For Dollar Policy March 12, 2021 Ekemini The National Association of Nigerian Students (NANS) has commended the Central Bank Nigeria (CBN) Governor, Mr Godwin Emefiele for the recently introduced cash for dollar policy saying that it was…
Business Investing World China’s JD.com In Talks To Purchase Stake In Brokerage Worth $1.5 Billion – Sources March 12, 2021 Ekemini JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims…
Business World European Central Bank To Step Up Pace Of Stimulus Program March 12, 2021 Ekemini The European Central Bank said Thursday it will step up its bond-buying stimulus in the coming months, a step aimed at halting what is regarded as a premature rise in…
Business Local Federal Government Replaces FIRS With NIPOST As Stamp Duty Collector March 12, 2021 Ekemini The Nigerian government on Thursday said it has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service (NIPOST) as stamp duty collector. Minister of Communications and Digital…
Business Local ‘Nigeria Loses $235b To Non-Passage Of PIB’ March 12, 2021 Ekemini Deputy Senate President, Senator Ovie Omo-Agege said yesterday that Nigeria had lost about $235 billion to the non-passage of the Petroleum Industry Bill (PIB) by successive administrations. Omo-Agege, who spoke…
Banking Business Local Nigerian Banks To Stop “Instant Completion” For Forex Transfers Online March 12, 2021 Ekemini Commercial Banks in Nigeria are informing customers that they can no longer make instant online transfers out of their domiciliary accounts without proper documentation. Before now, all a customer had…
Investing World Commodities Trader Buys $36 Million Of Copper And Gets Painted Rocks Instead March 11, 2021 Ekemini Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all…
Investing Opinion What Happens When Robinhood Traders Walk Out Of The Stock Market? March 11, 2021 akintunde The findings support the view that the popularity of zero-commission brokers has attracted a new type of uninformed equity-market participant
