Fall In UK Economic Activity Bottoms Out In February-PMI
British economic output stabilised in February after a sharp fall the month before, as many businesses continued to suffer from…
Month: March 2021
Research Works On Cocoa, Livestock Already In Farms, Says ARCN
The Agricultural Research Council of Nigeria (ARCN), has said research works on cocoa and livestock in the various Agriculture Research…
Three Million Nigerians Lost N18bn To Ponzi Schemes – Securities And Exchange Commission
Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General,…
Sterling Eases To 2-1/2 Week Low Against Dollar
Sterling eased to its lowest level against the dollar in two and a half weeks on Tuesday, as the strengthening…
N74Billion Recovered From Maina Was Used To Finance 2012 Budget – Witness
Ngozika Ihuoma, first defence witness (DW1), on Tuesday, told the Federal High Court, Abuja, that N74 billion recovered by defunct…
We’re Treating Agriculture As Money Making Business — Federal Government Says
The Federal Government, Tuesday, assured that agriculture is being treated as moneymaking business and to create wealth for agribusiness players.…
Dollar On Defensive As Risk Sentiment Recovers Amid Retreat In U.S. Yields; Aussie Gains
The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring some calm to global markets…
Japan’s SMFG Likely To Halt All New Lending To Coal-Powered Plants, Sources Say
Japan’s Sumitomo Mitsui Financial Group is likely to halt all new financing to coal-fired power plants, including the most efficient…
Pandemic-Era Investment Rules Pose Hurdles For Sovereign Funds, Report Says
Sovereign wealth funds will have to navigate growing regulatory scrutiny across some of their favoured areas for investment such as…
Asian Stocks Perk Up On Economic Cheer As Treasuries Stabilise
Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast…
Explosion Hits Dutch COVID-19 Testing Centre, No Injuries: Police
An explosion hit a coronavirus testing centre in a town north of Amsterdam shortly before it was to open on…
Boeing Cites Risks In Design Of Newest Airbus Jet
Boeing Co has raised concerns over the design of arch-rival Airbus’ newest narrow-body jet, the A321XLR, saying a novel type…
National Information Technology Development Agency Seeks Review Of 2007 Act
The Director General of the National Information Technology Development Agency, Kashifu Abdullahi, has presented a proposal for the realignment of…
Nigerians Now Use 80,000 Terabytes Of Internet Monthly, Above SSA Average
Nigerians now consume 80,000 terabytes of internet data every month says Umar Garba Danbatta, executive vice-chairman of the Nigerian Communications…
Google, Researchers Launch Data Platform To Tackle COVID-19
Google.org has joined hands with a consortium of COVID-19 researchers to launch Global.health, an open-access epidemiological data platform that enables…
Twitter Vows To Boost User Ranks And Revenue
Twitter said Thursday it wants to swell its ranks of users, offer more features, and double revenue in the next…
NIMC Warns Nigerians Against Fake NIN Verification Website
The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC on Friday warned…
Petrol Scarcity, Ploy To Hike Price, Say Marketers
The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as…
World Bank Withdraws Funding For Fossil Fuel Projects
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has disclosed that the World Bank…
Oil Demand To Reach 100m Barrels A Day In Four Years – McKinsey
Oil demand is expected to take two to four years to return to 2019 levels, depending on the duration of…
Managing Risk Associated With Capital Market Investment
The capital market is, generally, regarded as a safe haven for investment. There, your money works for you. The market…
Seplat Posts N191bn Full Year Revenue, To Pay Final Dividend
Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange(NSE) and the London…
Oil Price Rebounds To $66 Ahead Of OPEC Meeting
Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum…
2m Urban Youths To Benefit From USAID $15m Project
The U.S. Agency for International Development (USAID) has launched a new activity designed to empower as many as two million…
Abercrombie & Fitch Profit Beats On Lower Costs, Higher Holiday Pricing
Abercrombie & Fitch Co reported a better-than-expected quarterly profit on Tuesday and said it would resume share buybacks, as the…
Brazil Monthly Producer Price Inflation 3.36% In January, Second Highest Since 2014
The monthly rate of producer price inflation in Brazil kicked off this year at its second highest since comparable records…
Hertz Set To Ride Out Of Bankruptcy With $4.2 Billion From Investment Firms
Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring plan…
US Trade Rep Nominee Says She will Fight ‘unfair’ Chinese Trade
President Joe Biden’s US nominee for trade representative, Katherine Tai, says she will work to fight a range of “unfair”…
China Is Sounding The Alarm About A Global Market Bubble
One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the…
Nigeria Records Highest Power Transmission Of 5,615.40MW
The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national peak of 5,615.40MW. A statement…