Bond Scares Spook World Shares, Investors Look To Powell
Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve…
Month: March 2021
Germany’s Merck KGaA Predicts Earnings Gain In 2021
Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and…
Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week
Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their…
Britain Launches New Pandemic Loan Support Scheme
Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic,…
Central Bank Of Nigeria Votes N50b For Commodity Exchange
The Central Bank of Nigeria (CBN) has committed N50 billion into the Nigeria Commodity Exchange (NCX) to boost post-harvest handling…
Oil Extends Gains On Prospect Of OPEC+ Sticking With Supply Cuts
Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing…
Texas Power Grid Operator ERCOT Fires CEO After Deadly Blackouts
Texas’ power grid operator ousted chief executive Bill Magness on Wednesday, as the fallout continues from a deadly blackout last…
UK New Car Sales Slump In February Amid COVID-19 Hit
British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an industry body, as…
Nigeria Sovereign Investment Authority, OCP Morocco Seal $1.4bn Deal To Produce Ammonia In Nigeria
The Nigeria Sovereign Investment Authority (NSIA) has sealed a $1.4bn deal with the OCP of Morocco as well as the Akwa…
SMEs Report Rise In Demand As Nigeria PMI Swings Back To Positive
Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, moved back into positive territory in February 2021 after…
E-Payments In Nigeria Decline Across All Channels
The value of electronic payment (e-Payment) transactions in Nigeria fell month-on-month, MoM, by 10 per cent to N19.9 trillion in…
The African Union Claims 300m Africans Live 50km Away From Broadband Connections
The African Union (AU) has noted that though there has been a huge expansion of fibre optic networks on the…
Volkswagen CEO Tweets, Musk-Style, On Market-Cap Milestone
When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time since 2015,…
S&P 500, Nasdaq Fall As High-Flying Tech Stocks Slide
Wall Street’s major indexes dropped on Wednesday, weighed down by technology stocks as investors unwound positions in high-flying shares and…
U.S. Energy Secretary Readies $40 Billion In Loans To Boost Clean Energy
U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to use $40 billion in her department’s loan program…
General Motors Extends Vehicle Production Cuts Due To Semiconductor Chip Shortage
General Motors Co said on Wednesday it was further extending production cuts at three North American plants and adding a…
Tangerine Life Completes Merger With ARM Life
Tangerine Life Insurance Limited (previously known as Metropolitan Life Insurance Nigeria Limited), has, concluded its merger with ARM Life Plc.…
GlobalFoundries Pours $1.4 Billion Into Fab Expansion Amid Chip Demand Boom
GlobalFoundries will invest $1.4 billion this year to raise output at three factories in the United States, Singapore and Germany,…
Samsung Considers Four Sites In U.S. For $17 Billion Chip Plant: Documents
Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin,…
African Development Bank Backs Digital Currencies, Seeks Gender Inclusion
The African Development Bank (AfDB) has thrown its weight behind digital currencies, putting in motion a machinery to build capacity…
Federal Government Of Nigeria Opens March Savings Bonds
The Federal Government has through the Debt Management Office opened the March savings bond offer to investors. The DMO on…
The Companies And Allied Matters Acts Regulations: Experts Set To Address Controversial Sections
Economic and management experts are set for a big conversation to address controversies surrounding section 124 of The Companies And…
Stock Market Reverses Gains As Index Drops By 0.59%
The Nigerian Stock Exchange (NSE) has reversed positive sentiment to close on a downturn yesterday as the shares of Nestle…
Africa Prudential appoints new Director
Africa Prudential Plc has appointed Mrs Zubaida Rasheed as an independent non-executive director. The firm in a regulatory filing with…
European Telcos Cash In On Tower Assets As High-Cost 5G Investment Looms
European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay multi-billion…
Las Vegas Sands To Sell Properties For About $6.25 Billion
Casino operator Las Vegas Sands Corp said on Wednesday it would sell its Las Vegas real estate property and operations…
Federal Government Of Nigerian Wants Telcos To Establish SIM Swap Centres In 774 LGAs
The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs)…
Investors Lose N120bn As Stocks Resume Decline
The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms…
Central Bank Of Nigeria To Phase Out $40b OMO Bills Market
The Central Bank of Nigeria (CBN) will soon end the Open Market Operation (OMO) Bills sales to investors. The policy…
World Bank Readies COVID-19 Vaccine Funds For Around 30 African Countries
The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the global lender told…