Business World Bond Scares Spook World Shares, Investors Look To Powell March 4, 2021 Ekemini Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of…
Business World Germany’s Merck KGaA Predicts Earnings Gain In 2021 March 4, 2021 Ekemini Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and vaccines against the coronavirus bolsters demand for its supplies for…
Banking Business World Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week March 4, 2021 Ekemini Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their upper limit for a fourth straight session in Tokyo on…
Business World Britain Launches New Pandemic Loan Support Scheme March 4, 2021 Ekemini Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic, replacing existing programmes that have seen struggling businesses borrow some…
Business Local Central Bank Of Nigeria Votes N50b For Commodity Exchange March 4, 2021 Ekemini The Central Bank of Nigeria (CBN) has committed N50 billion into the Nigeria Commodity Exchange (NCX) to boost post-harvest handling of farm produce. Its Governor, Godwin Emefiele made this known…
Business World Oil Extends Gains On Prospect Of OPEC+ Sticking With Supply Cuts March 4, 2021 Ekemini Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent…
Opinion World Texas Power Grid Operator ERCOT Fires CEO After Deadly Blackouts March 4, 2021 Ekemini Texas’ power grid operator ousted chief executive Bill Magness on Wednesday, as the fallout continues from a deadly blackout last month that left residents without heat, power or water for…
Business World UK New Car Sales Slump In February Amid COVID-19 Hit March 4, 2021 Ekemini British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an industry body, as lockdown measures forced showrooms to close their doors to the…
Business Local Nigeria Sovereign Investment Authority, OCP Morocco Seal $1.4bn Deal To Produce Ammonia In Nigeria March 3, 2021 Ekemini The Nigeria Sovereign Investment Authority (NSIA) has sealed a $1.4bn deal with the OCP of Morocco as well as the Akwa Ibom State government to develop a plant where ammonia…
Business Local SMEs Report Rise In Demand As Nigeria PMI Swings Back To Positive March 3, 2021 Ekemini Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, moved back into positive territory in February 2021 after recovering from 44.5 in January to 53.0 points, according to…
Business Local Technology E-Payments In Nigeria Decline Across All Channels March 3, 2021 Ekemini The value of electronic payment (e-Payment) transactions in Nigeria fell month-on-month, MoM, by 10 per cent to N19.9 trillion in January 2021, from N22 trillion in December 2020. Similarly, the…
Africa Business Technology The African Union Claims 300m Africans Live 50km Away From Broadband Connections March 3, 2021 Ekemini The African Union (AU) has noted that though there has been a huge expansion of fibre optic networks on the continent (which have extended from 278 056 km in 2009…
Business Investing World Volkswagen CEO Tweets, Musk-Style, On Market-Cap Milestone March 3, 2021 Ekemini When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter,…
Business World S&P 500, Nasdaq Fall As High-Flying Tech Stocks Slide March 3, 2021 Ekemini Wall Street’s major indexes dropped on Wednesday, weighed down by technology stocks as investors unwound positions in high-flying shares and pivoted to sectors that are likely to benefit from an…
Business Local One Year After ‘Ending’ Subsidy, Federal Government Of Nigeria Eats Its Words March 3, 2021 Ekemini Keeping the price of petrol unchanged at N162 despite increasing international crude cost is a clear indication that subsidy is back, a development completely different from what the Federal Government…
Business World U.S. Energy Secretary Readies $40 Billion In Loans To Boost Clean Energy March 3, 2021 Ekemini U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to use $40 billion in her department’s loan program office that went mostly unused in the last four years…
Technology World General Motors Extends Vehicle Production Cuts Due To Semiconductor Chip Shortage March 3, 2021 Ekemini General Motors Co said on Wednesday it was further extending production cuts at three North American plants and adding a fourth to the list of factories hit by the global…
Business Investing Local Tangerine Life Completes Merger With ARM Life March 3, 2021 Ekemini Tangerine Life Insurance Limited (previously known as Metropolitan Life Insurance Nigeria Limited), has, concluded its merger with ARM Life Plc. Tangerine is owned by Verod Capital, a leading private equity…
Business World GlobalFoundries Pours $1.4 Billion Into Fab Expansion Amid Chip Demand Boom March 3, 2021 Ekemini GlobalFoundries will invest $1.4 billion this year to raise output at three factories in the United States, Singapore and Germany, as a global shortage of semiconductors has boosted demand for…
Business Investing Technology World Samsung Considers Four Sites In U.S. For $17 Billion Chip Plant: Documents March 3, 2021 Ekemini Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to…
Banking Business Local African Development Bank Backs Digital Currencies, Seeks Gender Inclusion March 3, 2021 Ekemini The African Development Bank (AfDB) has thrown its weight behind digital currencies, putting in motion a machinery to build capacity particularly among the female gender in the Economic Community of…
Business Local Federal Government Of Nigeria Opens March Savings Bonds March 3, 2021 Ekemini The Federal Government has through the Debt Management Office opened the March savings bond offer to investors. The DMO on Tuesday disclosed on its website the two-year and three-year savings…
Business Local The Companies And Allied Matters Acts Regulations: Experts Set To Address Controversial Sections March 3, 2021 Ekemini Economic and management experts are set for a big conversation to address controversies surrounding section 124 of The Companies And Allied Matters Act 2020 (CAMA) and Section 13 of the…
Business Investing Local Stock Market Reverses Gains As Index Drops By 0.59% March 3, 2021 Ekemini The Nigerian Stock Exchange (NSE) has reversed positive sentiment to close on a downturn yesterday as the shares of Nestle Nigeria and 25 others decline, leading to a fall of…
Africa Business Africa Prudential appoints new Director March 3, 2021 Ekemini Africa Prudential Plc has appointed Mrs Zubaida Rasheed as an independent non-executive director. The firm in a regulatory filing with the Nigerian Stock Exchange said the appointment was to strengthen…
Investing Local Technology European Telcos Cash In On Tower Assets As High-Cost 5G Investment Looms March 3, 2021 Ekemini European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay multi-billion dollar price tags for antennas buzzing with ever more data…
Business Investing World Las Vegas Sands To Sell Properties For About $6.25 Billion March 3, 2021 Ekemini Casino operator Las Vegas Sands Corp said on Wednesday it would sell its Las Vegas real estate property and operations to Apollo Global Management Inc for about $6.25 billion. The…
Business Local Technology Federal Government Of Nigerian Wants Telcos To Establish SIM Swap Centres In 774 LGAs March 3, 2021 Ekemini The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs) across the 774 Local Government Areas (LGAs) of Nigeria. This…
Business Investing Local Opinion Investors Lose N120bn As Stocks Resume Decline March 3, 2021 Ekemini The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading. The Nigerian…
Business Local Central Bank Of Nigeria To Phase Out $40b OMO Bills Market March 3, 2021 Ekemini The Central Bank of Nigeria (CBN) will soon end the Open Market Operation (OMO) Bills sales to investors. The policy shift could hurt the market with its over $40 billion…
