Investing Opinion World Malaysia’s AirAsia Shares Slide After Record Quarterly Loss March 30, 2021 Ekemini Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the Malaysian budget airline group posted its record quarterly loss. The stock fell…
Business World Real-Economy Stirrings Show U.S. Leaves Europe In The Dust March 30, 2021 Ekemini Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage of a fast vaccine rollout even as their European counterparts…
Business Opinion World City Of London Says It Expects Bulk Of Workers To Return After Pandemic March 30, 2021 Ekemini The City of London financial district is likely to see most workers return to their offices after the coronavirus pandemic, Catherine McGuinness, policy chair at the City of London Corporation,…
Business World BOJ Warns Of Rising Credit Costs Among Financial Institutions March 30, 2021 Ekemini Japanese financial institutions have seen credit costs rise this fiscal year due to uncertainty over the business prospects of borrowers that suffered from the COVID-19 pandemic, the central bank said…
Local Opinion Again, Senate Summons Emefiele, Alleges Federation Account $9.5m Missing March 30, 2021 Ekemini The Senate Public Accounts Committee has given the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, up till Thursday, to appear before it over an alleged disappearance of $9.5m…
Local Opinion Lagos Okays Ex-Aviation fuelling Firm MD, Others’ Trial Over Alleged N1bn Fraud March 30, 2021 Ekemini The Directorate of Public Prosecutions in Lagos State has said sufficient facts exist to establish a prima facie case of conspiracy to commit felony, obtaining under false pretences, forgery and…
Banking Business Investing World Lagos Accounts For 12.15% As States Debts Hit N4.2tn March 30, 2021 Ekemini The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for 12.15 per cent of the debt stock as of the end of 2020.…
Banking Business Investing World China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod March 30, 2021 Ekemini Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index, starting later this year, setting the stage for billions of…
Business World Iran Rejects Ending 20% Enrichment Before U.S. Lifts Sanctions: State TV March 30, 2021 Ekemini – Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV quoted an unnamed official as saying on Tuesday in reaction to…
Business World Apple Supplier Foxconn Fourth Quarter Profit Misses Estimates March 30, 2021 Ekemini Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients, reported a fourth quarter profit on Tuesday that lagged market…
Business World Japan Asks Taiwan Manufacturers To Cooperate In Chip Production March 30, 2021 Ekemini Japan has asked some Taiwanese manufacturers to cooperate in alternative production of semiconductors, industry minister Hiroshi Kajiyama said on Tuesday, after a chip plant owned by Renesas Electronic Corp was…
Business World Teamviewer In Five-Year Sponsorship Deal With Mercedes F1 And FE Teams March 30, 2021 Ekemini German software company Teamviewer said on Tuesday that it had struck a five-year sponsorship deal with the Mercedes Formula 1 and Formula E teams, following its recent shirt deal with…
Business World “She’s Free”: Traffic In Suez Canal Resumes After Stranded Ship Refloated March 29, 2021 Ekemini Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship which had been blocking the busy waterway for almost a week was refloated, the canal authority…
Business World Crypto Shadow Banking Explained And Why 12% Yields Are Common March 29, 2021 Ekemini A swathe of shadow banks in the $1.6 trillion cryptocurrency market have figured out how to generate returns of 12% with minimal risk: Lend U.S. dollars to hedge funds so…
Business Local Explainer: Why Nigeria’s Central Bank Won’t Ease Its Grip On The Naira March 29, 2021 Ekemini Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary Fund and World Bank and complaints from businesses. The multilateral institutions say a…
Business World Bitcoin Rises As Visa Moves To Approve Crypto USD Coin March 29, 2021 Ekemini Bitcoin (BTCUSD=X) prices climbed as much as 3% by late-morning in London on Monday following yet more news of potential mainstream financial adoption of cryptocurrencies by major players. Reuters news…
Business Local Stanbic IBTC, CAP, Lafarge Top Stocks To Watch This Week March 29, 2021 Ekemini Nigerian stocks were up by N436.250 billion in the week that just went by, buoyed by a number of impressive earnings report and corporate actions like dividend declaration that strengthened…
Business Local Nigeria Sets N50m Capital Base For Commodities’ Collateral Firms March 29, 2021 Ekemini Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set a minimum capital base of N50 million for any company seeking to operate as a collateral management company,…
Business World Euro Set For Biggest Monthly Drop Since Mid-2019; Yen Shorts Grow March 29, 2021 Ekemini The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on the short-term outlook for the European economy. The euro slipped…
Business World China Sanctions US, Canadian Citizens Over Criticism Of Treatment Of Uighurs March 29, 2021 Ekemini The European Union, Britain, Canada and the United States sanctioned several members of Xinjiang’s political and economic hierarchy this week over the allegations. China announced sanctions against two Americans, a…
Business Local Dollar Drought: Neither CBN Nor Emefiele March 29, 2021 Ekemini There is dollar drought in Nigeria. It has become the biggest challenge for the Central Bank of Nigeria, CBN, in recent memory. To its credit, the CBN is fully aware…
Business Technology World Exclusive: Visa Moves To Allow Payment Settlements Using Cryptocurrency March 29, 2021 Ekemini Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital…
Business Local SEC Unveils New Rules On Commodity Trading March 29, 2021 Ekemini To ensure a vibrant commodities trading ecosystem, the Securities and Exchange Commission (SEC) has unveiled new rules on warehousing, collateral management, and other requirements. According to the new rule, every…
Business Local Shell, Nigeria’s Aiteo Locked In Legal Battle Over Loan Default March 29, 2021 Ekemini Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that stand at more than $900 million and are locked in…
Business Local AfCFTA: Nigeria To Establish Trade Remedies To Tackle Fraudulent Invoicing March 29, 2021 Ekemini As part of its commitment to a successful implementation of the African Continental Free Trade (AfCFTA) Agreement, the federal government said, efforts are ongoing to establish a trade remedies authority…
Business World China’s Yuan Fixing Once Again Draws Attention As Rally Falters March 29, 2021 Ekemini China’s daily yuan fixing is once more drawing attention. A bout of sudden weakness in the currency has traders looking closely at the reference rate again, scouring for policy signals.…
Business Local Technology NIN: Telcos Lose 11.8 Million Subscribers In Four Months March 29, 2021 Ekemini The number of telecom subscribers in the country dropped by 11.84 million in four months, according to latest industry statistics from the Nigerian Communications Commission. The recent report shows that…
Business Local Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears March 29, 2021 Ekemini The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on the short-term outlook for the European economy. The common currency…
Business Local Nigeria On Alert Over Fake COVID-19 Vaccines Shipped To Africa March 29, 2021 Ekemini The Nigerian government has placed its agencies on alert following speculations of fake COVID-19 vaccines reportedly dispatched to Africa. The authorities also allayed fears that harmful jabs were being administered…
Business Local Is Economy On The Verge Of Recovery In Q1? March 29, 2021 Ekemini Contrary to expectations, the gradual but steady rise in economic activities across the sectors in the first quarter of 2021 has proved bookmakers wrong that the economy will experience slow…
