Local Opinion Over N527bn Ibori Loot Still Being Expected —Federal Government March 10, 2021 Ekemini The Federal Government says over £100m (N527bn), allegedly stolen by a former Governor of Delta State, James Ibori, and his associates is still being expected. The Attorney-General of the Federation,…
Business Local AfDB Approves $1.3m Grants For Female Financial Inclusion March 10, 2021 Ekemini The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro insurance. The bank…
Business Features Local Central Bank Of Nigeria Receives 286 Proposals For Health Research Grants March 10, 2021 Ekemini The Central Bank of Nigeria has said that it received over 286 proposals from the public for grants under its Healthcare Sector Research and Development Intervention Scheme. Under the HSRDIS,…
Africa Business Local UBA Launches Mobile Banking App For 20 African Countries March 10, 2021 Ekemini United Bank for Africa (UBA) yesterday launched a new mobile banking for Nigeria and 19 other African countries. The app, which is loaded with security features to protect all financial…
Business Local Market Players Seek End To Rising Unclaimed March 10, 2021 Ekemini As listed firms release 2020 full-year results, capital market investors have renewed calls on the Securities and Exchange Commission (SEC) to adopt all-inclusive approaches to curb rising unclaimed dividends. According…
Business Local Stock Investors Lose N371Bn In One Day March 10, 2021 Ekemini Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the News Agency of Nigeria reported. Specifically, the market capitalisation which…
Local Opinion Nigerian Electricity Regulatory Commission Concerned About Estimated Billing For Faulty Meters March 10, 2021 Ekemini Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution company to install a replacement meter, the Nigerian Electricity Regulatory…
Investing World ITV Shares Fall After Presenter Morgan Leaves Broadcaster March 10, 2021 Ekemini Shares in British broadcaster ITV plc fell on Wednesday with traders attributing at least part of the move to the resignation of television presenter Piers Morgan from his high-profile breakfast…
Business World Adidas, Telecoms Help European Stocks Eke Out Gains March 10, 2021 Ekemini Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining…
Business World Dollar Edges Up As U.S. Yields Stabilise March 10, 2021 Ekemini The U.S. dollar rose on Wednesday, clawing back some of its losses sustained overnight, as U.S. yields found a floor following their drop from one-year highs. Riskier currencies including the…
Opinion World Russia Slows Twitter’s Speed Over Failure To Remove Banned Content March 10, 2021 Ekemini Russia’s state communications watchdog said on Wednesday it was restricting the use of Twitter by slowing down its speed, accusing the social media platform of repeatedly failing to remove banned…
Business Technology World Brands Hope To Cash In On Clubhouse Audio App Frenzy March 9, 2021 Ekemini Last month, during a live game show on audio-chat app Clubhouse, tech entrepreneur and investor Noah Lichtenstein and his co-hosts handed out $3,200 in prizes funded by Square Inc-owned payment…
Business World TSX Opens Higher As Gold Miners Track Bullion Gains March 9, 2021 Ekemini Canada’s main stock index opened higher on Tuesday, led by an over 2% rise in materials stocks, as gold miners tracked gains in bullion prices. * At 9:30 a.m. ET…
Business World AerCap Confirms Aircraft-Leasing Business Talks With General Electric March 9, 2021 Ekemini Ireland’s AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business. The U.S. business, known as GE Capital Aviation Services or GECAS, is…
Business World Oil Rises To $69 As Focus Returns To Tighter Market March 9, 2021 Ekemini Oil rose to around $69 a barrel on Tuesday as investors focused on prospects for tighter supply due to extended OPEC+ output curbs and amid growing hopes of a recovery…
Opinion Thai University Warns Foreign Students They Could Lose Visas Over Protests March 9, 2021 Ekemini A Thai university has warned foreign students to steer clear of political rallies or face revocation of their visas and immigration blacklisting amid anti-government protests and local demonstrations against a…
Business World U.S. Central Bankers Are Mostly White Men. The Feds Wants To Change That March 9, 2021 Ekemini Over more than a century of the Federal Reserve’s existence, the critical job of controlling the cost of money and the availability of credit has fallen mostly to white men,…
Investing World US Companies Invested A Total Of $3.8Billion In Five Years In Nigeria March 9, 2021 Ekemini Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand their operations in the country in the last five years and plans…
Local Nigeria’s Southern Governors Demand 10% “Host Community Fund” In The Petroleum Industry Bill March 9, 2021 Ekemini Governors of the South-South States have demanded an upward review of the provision of 2.5 percent as host community trust fund in the Petroleum Industry Bill to 10 per cent…
Features See Inside Rick Ross’ Newly Purchased Florida Mansion Which He Bought From Ex-NBA Star Amar’e Stoudemire For $3.5 Million March 9, 2021 Ekemini Rick Ross has purchased former NBA star Amar’e Stoudemire’s mansion in Florida for $3.5 Million and he paid in cash. The Miami-born rapper and entrepreneur purchased the property, located west…
Business Investing World Bitcoin Mania Triggers Fundraising Rush By Chinese Players March 9, 2021 Ekemini Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector. From large listed companies tapping public markets…
Business World Three Ships Carrying U.S. Ethanol Head To China – Sources March 9, 2021 Ekemini Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, in a sign that exports of the fuel were sharply…
Business Technology World Chinese Ev Trio Eye Hong Kong Listings This Year To Raise Combined $5 Billion – Sources March 9, 2021 Ekemini U.S.-listed Chinese electric vehicle (EV) makers Li Auto Inc, Nio Inc and Xpeng Inc plan to list in Hong Kong as soon as this year, tapping a growing investor base…
Business Features Twitter CEO’s First Tweet Draws $2.5m Bid At Auction March 9, 2021 Ekemini Twitter Chief Executive Officer, Jack Dorsey, is auctioning his first ever tweet on a website that sells tweets as non-fungible token. As of Monday, the first tweet had attracted a…
Features Investing Local Opinion States, Others Not Funding 3.5 Million Workers’ Pension – PenCom March 9, 2021 Ekemini The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by their workers as of the end of 2020. The implication…
Africa Features Local Opinion Cash Crunch Reduces National Assembly’s Sittings To Once A Week March 9, 2021 Ekemini The two chambers of the National Assembly may not meet the mandatory constitutional requirement of 181 sittings yearly because of reduction in number of sitting days to once a week.…
Business Local Opinion Nigeria Needs Domestic, International Capital To Attain $1.5t GDP By 2030 – Rewane March 9, 2021 Ekemini An economist and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, says Nigeria needs to attract both domestic and international capital to achieve a Gross Domestic Product level…
Business Features World Singapore ‘Bubble’ Business Hotel Welcomes First Guests March 9, 2021 Ekemini Singapore has launched a travel “bubble” business hotel that allows executives to do face-to-face meetings without a risk of exposure to the coronavirus, in one of the world’s first such…
Business Investing World Oil Prices Rise On Expected Economic Recovery, Likely Drawdown In Oil Stocks March 9, 2021 Ekemini Oil prices rose on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a $1.9 trillion stimulus bill and on a likely drawdown in…
Banking World Japan Picks Nomura Asset CEO To Join Central Bank Board March 9, 2021 Ekemini Nakagawa would join a Bank of Japan (BOJ) board split between members who see more room to ramp up stimulus, and others wary of the rising costs of prolonged easing.…
