Business World Turkey’s Nuclear Power Dilemma March 11, 2021 Ekemini Turkish and Russian officials laid the foundation for the third reactor of Turkey’s first nuclear power plant Akkuyu in the southern coastal city of Mersin on Wednesday. The plant’s first…
Business Investing Technology World Nokia Signs Patent License Pact With Samsung March 11, 2021 Ekemini Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday. While the companies did not disclose the…
World Biden’s $1.9 Trillion COVID-19 Bill Wins Final Approval In House March 11, 2021 Ekemini The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill that gives…
Business Technology World Tesla Raises Price Of Variants Of Model Y, Model 3, Model S March 11, 2021 Ekemini Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car maker’s website showed. The price of its Model 3 Standard…
Business World SoftBank-Backed Coupang Raises $4.6 Billion In U.S. IPO March 11, 2021 Ekemini Coupang LLC, South Korea’s largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this year after selling stocks in IPO above its deal target…
Business World Rolls-Royce Plunges To Worse Than Expected $5.6 Billion Loss March 11, 2021 Ekemini British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its outlook for cash…
Business Investing World Asia Stocks Soar As Receding Inflation Worries Bolster Confidence March 11, 2021 Ekemini Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns about inflation and lifted the Dow Jones Industrial Average to…
Business Technology World China’s Smartphone Shipments Build On Post-Pandemic Rebound In February March 11, 2021 Ekemini China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data published on Thursday showed, signaling an encouraging rebound from last year’s nadir as the…
Opinion Technology World Millions Of Websites Offline After Fire At French Cloud Services Firm March 11, 2021 Ekemini A fire at a French cloud services firm has disrupted millions of websites, knocking out government agencies’ portals, banks, shops, news websites and taking out a chunk of the .FR…
Business Local NPA Issues New Guidelines To Truckers Curbing Confusion, Irregularities March 11, 2021 Ekemini Following the challenges limiting the efficiency of the newly introduced electronic call-up system for management of truck traffic into Lagos Ports, the Nigerian Ports Authority (NPA), has issued fresh directives…
Business Local Nigeria Provisionally Awards Tenders To Develop 57 Marginal Oilfields -Sources March 11, 2021 Ekemini Nigeria’s petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter told Reuters, which could net the government $500 million in…
Business Local CBN’s Naira-For-Dollar Policy Will Boost Economy March 11, 2021 Ekemini The African Centre for Justice and Human Right (ACJHR), by Nduka Edede Chinwendu, has hailed the introduction of the ‘Naira-for-Dollar’ policy by the Central Bank of Nigeria (CBN). The policy,…
Business Investing World Investors Bracing For Bank Of Canada To Taper As Decision Looms March 11, 2021 Ekemini The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the first clues on its next moves coming as early as this week.…
Business Local Pound-Dollar Rate Still An “Undervalued” Buy At CBA March 11, 2021 Ekemini The Pound-to-Dollar rate is this week struggling to recover back above 1.39, but Sterling remains significantly undervalued on at least one important metric according to strategists at Commonwealth Bank of…
Business Local Nigerian Stock Exchange Wins Approval For Public Listing March 11, 2021 Ekemini The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its shares. The exchange, the second biggest in sub-Saharan Africa and…
Business Local CBN’s FX Policies Spurred Popularity Of The Parallel Market March 11, 2021 Ekemini The parallel market in Nigeria is out of favour with policymakers again, but it is still wildly popular among economic agents. Godwin Emefiele, the Governor of the Central Bank of…
Business Local Oil Rises On OPEC+ Supply Restraint And Brighter Economic Forecast March 11, 2021 Ekemini Oil prices rose on Wednesday, supported by an OECD forecast for on global economic recovery and by OPEC+ oil output curbs, though gains were capped by rising U.S. inventories. Brent…
Business World GameStop, Other ‘Meme Stocks’ Soar As Markets Eye Stimulus Boost March 10, 2021 Ekemini GameStop Corp and other so-called meme stocks surged on Wednesday, continuing a rally that has put the video game retailer’s shares on track for their sixth straight day of gains.…
Business World Volkswagen Hikes Battery Cell Demand In EV Expansion Push: sources March 10, 2021 Ekemini Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for its ambitious roll out of electric vehicles in Europe, two…
Technology World Huawei Customer United Group Considering Changing Telecom Gear Vendor March 10, 2021 Ekemini Balkan telecoms and media company United Group is considering switching parts or all of the Huawei equipment that dominates its infrastructure to alternative providers, as it seeks to align itself…
Investing World Reddit Forums Get Behind Roblox Ahead Of Stock Launch March 10, 2021 Ekemini Roblox Corp is set to join the ranks of the so-called “meme stocks” such as GameStop at the center of social media-fueled rallies that have gripped Wall Street when the…
Business Investing World Hilton Grand Vacations To Buy Diamond Resorts International For About $1.4 Billion March 10, 2021 Ekemini Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc from funds managed by affiliates of Apollo Global Management Inc, Reverence Capital Partners and other stockholders…
Features World Norway Wealth Fund To Probe Firms That Could Be Using Forced Labour From Xinjiang March 10, 2021 Ekemini Norway’s $1.3 trillion wealth fund will probe whether companies it is invested in may be using the labour of ethnic Uighurs and other Muslims linked to China’s internment camp system…
Business World General Electric Reaffirms 2021 Free Cash Flow Outlook March 10, 2021 Ekemini General Electric Co on Wednesday reiterated its forecast to generate $2.5 billion to $4.5 billion in free cash flow this year, with an adjusted earnings of $0.15 to $0.25 per…
World U.S. House Set For Final Approval Of $1.9 Trillion COVID-19 Bill In Early Win For Biden March 10, 2021 Ekemini President Joe Biden is poised on Wednesday for his first major legislative victory when the House of Representatives is expected to approve his $1.9 trillion COVID-19 relief package, which forecasters…
Technology World Fire Destroys Servers At French Data Company OVHcloud March 10, 2021 Ekemini An overnight fire at French cloud computing company OVHcloud, which this week started the process for a potential IPO, destroyed some servers and forced the temporary shutdown of others, its…
Business Local After Raising $179m, Nigeria’s $1Billion Valued Flutterwave Eyes New York Listing March 10, 2021 Ekemini Nigeria-founded payments company Flutterwave has raised $170 million from investors to expand its customer base, pushing its valuation up to more than $1 billion. Founded in 2016 by Nigerians and…
Local Opinion Ex-Dangote GM, Two Others Jailed For $32,000 Insurance Fraud March 10, 2021 Ekemini Justice S. S. Ogunsanya of the Lagos State High Court, on Tuesday, sentenced a former General Manager of the Dangote Industries Limited, Mojisola Aladejobi, to seven years’ imprisonment over a…
Business Local Technology Experts Brainstorm On Marketing Communications March 10, 2021 Ekemini A marketing and advertising publication, Marketing Edge, is set to host leading experts in the integrated marketing communications (IMC) sector at the inaugural edition of its quarterly virtual summit. The…
Business Local NESG Launches Debt Management Initiative March 10, 2021 Ekemini The Nigerian Economic Summit Group (NESG) and the Open Society Initiative for West Africa (OSIWA) have launched the Debt Management Roundtable to help Nigeria and West African Countries provide a…
