Over N527bn Ibori Loot Still Being Expected —Federal Government
The Federal Government says over £100m (N527bn), allegedly stolen by a former Governor of Delta State, James Ibori, and his…
Month: March 2021
AfDB Approves $1.3m Grants For Female Financial Inclusion
The African Development Bank has approved two grants for research that will increase African women’s access to a range of…
Central Bank Of Nigeria Receives 286 Proposals For Health Research Grants
The Central Bank of Nigeria has said that it received over 286 proposals from the public for grants under its…
UBA Launches Mobile Banking App For 20 African Countries
United Bank for Africa (UBA) yesterday launched a new mobile banking for Nigeria and 19 other African countries. The app,…
Market Players Seek End To Rising Unclaimed
As listed firms release 2020 full-year results, capital market investors have renewed calls on the Securities and Exchange Commission (SEC)…
Stock Investors Lose N371Bn In One Day
Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the…
Nigerian Electricity Regulatory Commission Concerned About Estimated Billing For Faulty Meters
Under no circumstances should a customer be placed on estimated billing on account of the failure of a power distribution…
ITV Shares Fall After Presenter Morgan Leaves Broadcaster
Shares in British broadcaster ITV plc fell on Wednesday with traders attributing at least part of the move to the…
Adidas, Telecoms Help European Stocks Eke Out Gains
Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales…
Dollar Edges Up As U.S. Yields Stabilise
The U.S. dollar rose on Wednesday, clawing back some of its losses sustained overnight, as U.S. yields found a floor…
Russia Slows Twitter’s Speed Over Failure To Remove Banned Content
Russia’s state communications watchdog said on Wednesday it was restricting the use of Twitter by slowing down its speed, accusing…
Brands Hope To Cash In On Clubhouse Audio App Frenzy
Last month, during a live game show on audio-chat app Clubhouse, tech entrepreneur and investor Noah Lichtenstein and his co-hosts…
TSX Opens Higher As Gold Miners Track Bullion Gains
Canada’s main stock index opened higher on Tuesday, led by an over 2% rise in materials stocks, as gold miners…
AerCap Confirms Aircraft-Leasing Business Talks With General Electric
Ireland’s AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business. The U.S.…
Oil Rises To $69 As Focus Returns To Tighter Market
Oil rose to around $69 a barrel on Tuesday as investors focused on prospects for tighter supply due to extended…
Thai University Warns Foreign Students They Could Lose Visas Over Protests
A Thai university has warned foreign students to steer clear of political rallies or face revocation of their visas and…
U.S. Central Bankers Are Mostly White Men. The Feds Wants To Change That
Over more than a century of the Federal Reserve’s existence, the critical job of controlling the cost of money and…
US Companies Invested A Total Of $3.8Billion In Five Years In Nigeria
Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand their operations…
Nigeria’s Southern Governors Demand 10% “Host Community Fund” In The Petroleum Industry Bill
Governors of the South-South States have demanded an upward review of the provision of 2.5 percent as host community trust…
See Inside Rick Ross’ Newly Purchased Florida Mansion Which He Bought From Ex-NBA Star Amar’e Stoudemire For $3.5 Million
Rick Ross has purchased former NBA star Amar’e Stoudemire’s mansion in Florida for $3.5 Million and he paid in cash.…
Bitcoin Mania Triggers Fundraising Rush By Chinese Players
Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into…
Three Ships Carrying U.S. Ethanol Head To China – Sources
Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday,…
Chinese Ev Trio Eye Hong Kong Listings This Year To Raise Combined $5 Billion – Sources
U.S.-listed Chinese electric vehicle (EV) makers Li Auto Inc, Nio Inc and Xpeng Inc plan to list in Hong Kong…
Twitter CEO’s First Tweet Draws $2.5m Bid At Auction
Twitter Chief Executive Officer, Jack Dorsey, is auctioning his first ever tweet on a website that sells tweets as non-fungible…
States, Others Not Funding 3.5 Million Workers’ Pension – PenCom
The National Pension Commission has faulted states and some private companies for not funding 3.5 million pension accounts opened by…
Cash Crunch Reduces National Assembly’s Sittings To Once A Week
The two chambers of the National Assembly may not meet the mandatory constitutional requirement of 181 sittings yearly because of…
Nigeria Needs Domestic, International Capital To Attain $1.5t GDP By 2030 – Rewane
An economist and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, says Nigeria needs to attract both domestic…
Singapore ‘Bubble’ Business Hotel Welcomes First Guests
Singapore has launched a travel “bubble” business hotel that allows executives to do face-to-face meetings without a risk of exposure…
Oil Prices Rise On Expected Economic Recovery, Likely Drawdown In Oil Stocks
Oil prices rose on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a…
Japan Picks Nomura Asset CEO To Join Central Bank Board
Nakagawa would join a Bank of Japan (BOJ) board split between members who see more room to ramp up stimulus,…