Wall Street Is Kicking Out Yet Another Big Chinese Company
A major Chinese oil company that has traded on Wall Street for decades has become the latest casualty of tensions between…
Month: March 2021
Golfers Wore Red And Black In Honor Of Tiger Woods During Sunday’s Play
Golfers wore red shirts and black pants during the WGC-Workday Championship on Sunday in honor of golf legend Tiger Woods,…
Startimes Faces Winding Up Order Over $11 Million Debt
StarTimes, the Chinese-owned Pay-TV operator with tentacles across Africa, is at “serious risk” of receiving a court-mandated “winding-up” order over…
President Buhari Orders Federal Inland Revenue Service To Remit Levy To NASENI
The Federal Government has taken a bold step to boost science and engineering infrastructure development.It has invoked the section of…
Asian Equities Face Outflows In February Due To Rise In U.S. Bond Yields
Foreigners were net sellers of Asian equities for a second consecutive month in February, hit by a jump in U.S.…
Saudi Plans To Order 70 Airbus, Boeing Jets: Report
State-owned Saudi Arabian Airlines (Saudia) plans to order 70 airliners from Airbus and Boeing, Saudi news outlet Maaal reported on…
Banks In EU To Publish World’s First ‘Green’ Yardstick From Next Year
Banks in the European Union would have to publish a groundbreaking “green asset ratio” (GAR) as a core measure of…
China Studies Boeing 737 MAX Recertification, Wants Safety Concerns Fully Addressed
China’s aviation regulator said on Monday that its major safety concerns with the Boeing Co 737 MAX have to be…
SoftBank’s Internet Business To Invest $4.7 Billion In Tech Over Five Years…
SoftBank’s internet subsidiary Z Holdings on Monday outlined plans to invest 500 billion yen ($4.7 billion) in technology over five…
How A 10-Second Video Clip Sold For $6.6 Million
In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have…
Texas Electricity Firm Files For Bankruptcy Citing $1.8 Billion In Claims From Grid Operator
Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a…
Nigerian Central Bank Governor Suggests Naira Has Been Devalued
Nigeria’s central bank governor suggested the nation’s currency has been devalued. Addressing bankers at a summit on the economy in Lagos…
Biden Urges Workers To ‘Make Your Voice Heard’ As Amazon Employees Vote On Union
President Joe Biden defended workers’ rights to form unions and warned against intimidation of workers in a video posted on…
OPEC+ Faces Calls To Cool Oil Market Frenzy With Extra Barrels
From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use…
Cryptocurrencies: Why Nigeria Is A Global Leader In Bitcoin Trade
More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in…
Macau’s Gambling Revenue Surges 135.6% In February
Gambling revenue in Macau surged 135.6% in February year-on-year even as the world’s biggest casino hub struggled to boost visitors…
Oil Majors’ Green Energy Pivot Hammers Africa’s Largest Economies
The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya…
Tech Demand Drives Asia’s Factory Revival, China’s Slowdown Puts Dampener
Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the…
Heathrow Imposes Passenger Charges To Cover Covid-19 Costs
London’s Heathrow airport will charge departing passengers an extra £8.90 (S$16.50) in an effort to claw back costs as the…
Japanese Companies Go High-Tech In The Battle Against Food Waste
Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs…
2021 Is Our Year Of Active Recovery – Emefiele, CBN Governor
Central Bank of Nigeria (CBN) Governor, Godwin Emefield, CON, says 2021 is expected t be a yer of active recovery…
Federal Goverenment To Sell Crude In Naira To Dangote Refinery To Strengthen Naira
The Federal Government has concluded plans to sell crude oil to Dangote Refinery in Naira. This is part of measures…
Risk Currencies Recover From Friday Carnage As Bonds Regain Composure
The Australian dollar and other riskier currencies rebounded against the U.S. dollar on Monday, as a sell-off last week in…
Recession Exit: Test Of Resilience Of Nigeria’s Economy
Nigeria is a country with prodigious capacity for spinning surprises, even where all hopes seem to have been lost. Though…
A Digital Dollar Would Help The U.S. And Its Allies Keep China In Check
Chinese officials have made no secret that their greatly accelerated efforts at introducing and distributing the digital yuan are an…
Emefiele: Inflation Pushed Dangote Refinery Project Cost To $15bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele yesterday disclosed that inflation had pushed the cost…
How Banking Consolidation Made ‘Rich, Mighty Nigerians’ – Soludo
The former governor of the Central Bank of Nigeria, CBN, Professor Charles Soludo, has said that but for the banking…
From U.S. Domination To Energy Transition, Two Years That Changed Oil
Former U.S. Secretary of State Mike Pompeo took the stage at the world’s largest energy conference in 2019 to declare…