Business World Key Saudi Arabian Oil Site Attacked, Sending Brent Above $70 March 8, 2021 Ekemini Saudi Arabia said one of the most protected crude facilities in the world came under missile attack on Sunday, in a clear escalation of hostilities that sent oil prices surging.…
Business Local To Sustain Recovery, CBN Extends Interest Rate Cut On Pandemic Loans March 8, 2021 Ekemini The Central Bank of Nigeria’s (CBN) extension of the interest rate it reduced during the pandemic (officially known as discounted interest rate) by another 12 months is seen as a…
Business Investing World Bitcoin’s Next Top Could Be Between $75K And $306K, Kraken Research Suggests March 8, 2021 Ekemini A reading of the historical data paints a promising picture for Bitcoin’s potential growth in 2021. Analysis of Bitcoin (BTC) price action dating back to 2011 suggests the coin price…
Business Investing Local Nigeria’s Risk Premium Hits 1yr High Despite Rising Oil Prices March 8, 2021 Ekemini Investors are demanding higher returns from Nigeria to be holders of its debt as compensation for tolerating its high-risk environment, even at a time when oil prices are on a…
Business Local Oil Palm Firm Re-Strategises For Optimal Performance March 8, 2021 Ekemini The Okitipupa Oil Palm (OOP) Plc has embarked on some measures aimed at re-strategizing and putting the company on a solid footing to enable it respond effectively to emerging challenges…
Business World ECOWAS Court Orders Nigeria To Pay N63m, $10,000 Compensation To Germany March 8, 2021 Ekemini The Court of Justice of the Economic Community of West African States (ECOWAS) has ordered the Federal Republic of Nigeria to pay the sum of N 53, 650,925(fifty three million,…
Business Local World Bank To Spend N27bn On Road Infrastructure In Aba March 8, 2021 Ekemini The World Bank has released a whopping N27 billion for rebuilding of road infrastructure in Aba the economic live wire of the state. Governor Okezie Ikpeazu disclosed this Sunday while…
Business Local 3.8 Million Farmers Benefit From Anchor Borrowers’ Programme – CBN March 7, 2021 Ekemini The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP). Mr Yila Yusuf, Director, Development Finance Department of the apex…
Business Local FG Considers 20% Hike In Petrol Freight Cost March 7, 2021 Ekemini The Federal Government is considering a 20 per cent hike in the cost of freighting petrol across the country, as part of measures to boost the revenue of transport owners.…
Local UK Signs Trade Partnership Agreement With Ghana March 6, 2021 Ekemini The UK has signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater economic and cultural cooperation. The UK has today signed a…
Banking Breaking Local Breakdown Of Modalities To The New Central Bank Diaspora Forex Remittances March 6, 2021 Ekemini In what appears to be an attempt to incentivize dollar remittances by all means possible, the Central Bank of Nigeria (CBN) released a circular to Deposit Money Banks (DMBs), International…
Banking Breaking Local Central Bank Of Nigeria Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances March 6, 2021 Ekemini The Central Bank of Nigeria (CBN) has announced the introduction of “CBN Naira 4 Dollar Scheme”, an incentive for senders and recipients of international money transfers. The apex bank in…
Features World Why The Netherlands Pay Its Disabled Citizens To Have Sex With Prostitutes! March 5, 2021 Ekemini The Dutch government hands out money for school, housing, medical needs, even hookers! That’s right….government-funded booty calls….up to 12 times a year. Disabled citizens get money from the government as…
Business Investing World Crude Oil Hits $68 As Goldman Sachs Projects Prices May Rise To $80 By Q3 March 5, 2021 Ekemini The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the decision of the Organisation of Petroleum Exporting Countries (OPEC) to…
Business World FTSE Russell To Drop Xiaomi, Luokung From Indexes On U.S. Order; Scraps AMEC Inclusion March 5, 2021 Ekemini Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line…
Local Opinion Petrol Queues Abate As More Stations Resume Operations March 5, 2021 Ekemini The queues for petrol in Abuja and neighbouring Nasarawa and Niger reduced on Thursday as more retail outlets dispensed the product to motorists. Petrol queues had dragged on in Abuja…
Features Local Opinion JAMB Plans N6bn Head Office In Abuja March 5, 2021 Ekemini THE Joint Admissions and Matriculation Board plans to build a new headquarters in the Central Area of the Federal Capital Territory, Abuja, for the sum of N6bn. This was made…
Banking World Manufacturing Firms Borrowed N570bn From Banks In 2020 – CBN March 5, 2021 Ekemini Manufacturing firms borrowed a total of N570bn from Nigerian banks last year amid the economic fallout of the COVID-19 pandemic. Banks’ credit to the manufacturing sector rose to N3.19tn as…
Features Investing Local How Cryptocurrency Trading Keeps Nigerians Engaged March 5, 2021 Ekemini Nigerians have continued to the Central Bank of Nigeria (CBN) over its directive to banks to stop the provision of financial services to cryptocurrency businesses, stating that some low-income Nigerians…
Business Investing Local Oil Soars Above $67, Nigeria Earns Additional N318bn/Month March 5, 2021 Ekemini Nigeria may have earned over N318bn additionally in February as a result of the increase in crude oil price in the past one month. At the virtual presentation of the…
Business Investing World US Companies Plan $2.37Bn Investments In Nigeria March 5, 2021 Ekemini United States companies in Nigeria plan to invest over $2.37bn in Nigeria in the next three years, according to a new report. The 2020 Nigeria Economic Impact Survey, which was…
Investing World A New Era Of Volatility Begins, But Tech Inflows Continue: BofA March 5, 2021 Ekemini Investors poured billions of dollars into high-flying stocks even as the ongoing bond market rout led to sharp losses on Wall Street and kicked off a “new era of volatility”,…
Technology World China Outlines Push To Develop Domestic Engine For C919 Jet In Five-Year Plan March 5, 2021 Ekemini China will push forward with the development of CJ1000, a turbofan jet engine designed to power the homemade C919 narrowbody aircraft, the government said on Friday in its development plan…
Banking Business World China Tells Banks To Scale Back Lending To Contain Financial Bubble Risks: Sources March 5, 2021 Ekemini China’s regulators are telling banks to trim their loan books this year to guard against risks emerging from bubbles in domestic financial markets, said people familiar with the matter on…
Business Local Only 9.9% Nigeria Businesses Have Crisis Management Plan — CMC March 5, 2021 Ekemini The global health crisis occasioned by the coronavirus pandemic has thrown up the need for Nigerian businesses to embrace crisis management, even as a business survey report indicated that only…
Opinion World Texas Grid Operator Made $16 Billion Price Error During Winter Storm, Watchdog Says March 5, 2021 Ekemini Texas’ power grid operator Electric Reliability Council of Texas (ERCOT) made a $16 billion pricing error in the week of the winter storm that led to power outages across the…
Business World More German Companies See Worsening International Business In 2021: DIHK March 5, 2021 Ekemini More German companies expect global business conditions to worsen this year than expect improvement, Germany’s DIHK Chambers of Industry and Commerce said on Friday. DIHK’s survey of 2,400 internationally active…
Business Local Federal Inland Revenue Services Targets N5.9tr Revenue This Year March 5, 2021 Ekemini The Federal Inland Revenue Service (FIRS) has proposed a revenue collection of N5.9 trillion in the 2021 fiscal year. FIRS Chairman, Muhammad Nami, disclosed this while presenting the proposed 2021…
Business Local Stock Market Extends Loss By 0.40% March 5, 2021 Ekemini The nation’s bourse extended a negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote Sugar Refinery, and tier-1 banks. The All-Share Index on Thursday…
Business World Wealth Managers Frustrated Over Bitcoin, Anxious For Piece Of The Action March 5, 2021 Ekemini Yet Paulsen, chief investment officer for Leuthold Group, which manages $1 billion, cannot own bitcoin in client portfolios due to regulatory constraints. This has left him on the sidelines watching…
