Business Investing World U.K. Man Must Pay $571 Million Over Stolen Bitcoin, CFTC Says March 29, 2021 Ekemini A U.K. man accused of scamming consumers into sending him more than 20,000 Bitcoin has been ordered to pay $571 million in penalties. But collecting the money could be tough…
Business World Oil Gains As Shipping Remains At A Halt In The Suez Canal, But U.S. Prices Log A Weekly Loss March 29, 2021 Ekemini Crude-oil futures finished higher Friday as a 220,000 ton cargo ship blocked the Suez Canal for a fourth straight day and efforts to dislodge one of the world’s largest container…
Business World Deliveroo Narrows Price Range Ahead Of London Market Debut March 29, 2021 Ekemini Food delivery group Deliveroo has narrowed the price range on its initial public offering, ensuring its order books were fully covered for what will be London’s biggest IPO in a…
Business Investing World Futures Slip As Bank Stocks Fall On Hedge Fund Default Concerns March 29, 2021 Ekemini U.S. stock index futures dropped on Monday after Wall Street’s surge in the prior session as major lenders came under pressure on concerns over possible spillover effects of a hedge…
Business World US Not Ready To Lift Tariffs On China —Official March 29, 2021 Ekemini President Joe Biden’s new trade negotiator has said the United States is not yet ready to lift tariffs on Chinese imports, but could be open to talks with Beijing. US…
Business Local Technology Seplat Issues $650m Five-Year Senior Notes March 29, 2021 Ekemini Seplat Petroleum Development Company Plc, a Nigerian independent energy company, said on Sunday that it had priced its offering of $650m in aggregate principal amount of senior notes due 2026.…
Africa Local Opinion Needless Tenure Elongation Of Federal Appointees March 29, 2021 Ekemini The Muhammadu Buhari administration has triggered yet another needless, distracting controversy by retaining two top federal public servants in their posts beyond their statutory dates of retirement. The Accountant-General of…
Business Opinion World Oil Falls On Hopes That Suez Canal Blockage Might End Soon March 29, 2021 Ekemini Oil fell on Monday as a container ship blocking Suez Canal for nearly a week was partially refloated raising hopes the busy waterway would soon be reopened and as fuel…
Business Technology World Toyota Presses Australia To Promote Roll-Out Of Hydrogen Fuel Stations March 29, 2021 Ekemini Toyota Motor Corp on Monday opened its first commercial hydrogen fuel pump site in the Australian state of Victoria, urging the government to encourage the rollout of more sites to…
Business World Australia’s AMP Says Ares Keen To Buy Unit’s $1.7 Billion Private Markets Business March 29, 2021 Ekemini Troubled Australian wealth manager AMP Ltd said on Monday that Ares Management was interested in a potential buyout of its A$2.25 billion ($1.72 billion) private markets business, nearly a month…
Banking Business Investing Technology World 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…
World Czech Billionaire Kellner killed In Alaska Helicopter Crash March 29, 2021 Ekemini The Czech Republic’s richest man, billionaire Petr Kellner, was killed in a helicopter crash in Alaska, his financial group PPF said on Monday. He was 56. PPF said five people…
Local Opinion Most Nigerian Airports Not Viable, Says Senate Committee March 29, 2021 Ekemini The chairman of Senate committee on aviation, Senator Smart Adeyemi, says most airports in Nigeria are not viable. Adeyemi stated this after a two-hour inspection of the Anambra State International…
Investing Local Take Advantage Of The N5bn Export Fund –NEPC March 29, 2021 Ekemini The Nigerian Export Promotion Council has called on all exporters and Small and Medium Scale Entrepreneurs to take advantage and access the N5bn Export Development Fund scheme to improve their…
Business Investing World Investors BlackRock, Vanguard Join Net Zero Effort March 29, 2021 Ekemini Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to net zero by 2050, giving new momentum to the effort…
Business World Nomura Flags $2 Billion Loss, Cancels Bond Issue; Shares Plummet March 29, 2021 Ekemini Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan’s biggest brokerage and investment bank to shelve a hefty bond issuance and sending…
Local Opinion Technology Telcos Reject Demand By Banks For Sim Swap List March 29, 2021 Ekemini Telecommunication Companies have rejected the demand by Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS)…
Business Local Daily Fuel Consumption Hits 72.72m litres, Marketers Blame Smuggling March 29, 2021 Ekemini Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries, ’FEMI ASU reports…
Business Local Opinion Federal Government Moves To Revive Oil Fabrication Yard In Lagos March 29, 2021 Ekemini The Federal Government has expressed its readiness to assist in reviving a multimillion-dollar oil fabrication yard in Lagos State stalled since 2015 after a force majeure declared by an international…
Business Investing World 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 World Treasury Wine Faces 175.6% Duty Rate For Australian Wine Exports To China March 29, 2021 Ekemini Treasury Wine Estates Ltd, the world’s largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6% anti-dumping and countervailing duty rate on its Australian wine imports…
Business Investing Technology World Singapore Wealth Fund Buys 2.5% Stake In Cellnex From Benetton Family March 29, 2021 Ekemini Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from Edizione, the Benetton family’s investment firm, Edizione said on Friday…
Business Investing World France, EU Close To A Deal On Air France Bailout: Minister March 29, 2021 Ekemini France and the European Union are close to a deal on a bailout for Air France, which like other carriers has been hammered by the coronavirus pandemic, Finance Minister Bruno…
Business World Exxon, Chevron Take A Slow Walk On The Path To U.S. Shale Recovery March 29, 2021 Ekemini Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert…
Business Opinion World Alibaba-Backed Energy Monster Caught In Legal Dispute Ahead Of U.S. Listing March 29, 2021 Ekemini Energy Monster, China’s biggest mobile device power bank startup backed by Alibaba and SoftBank, is embroiled in an ownership dispute that could further cloud a Nasdaq flotation already buffeted by…
Business Investing World Saudi Arabia Seeks To Draw In Foreign Companies March 29, 2021 Ekemini Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters in Riyadh. The government has told foreign companies that, from 2024, they can…
Banking Business Investing World Banks Warn On Losses After Archegos Capital Stock Unwind March 29, 2021 Ekemini Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls. A fire sale…
Business Investing Local Nigerian Startups Raise More Money In A Single Month Than Whole Of 2020 March 28, 2021 Ekemini In a month tech investors decided to open their investment wallets in an unusual manner, five Nigerian startups have found themselves $202 million richer. It is the most investment in…
Business Local Central Bank Digital Currencies: Challenges And Prospects March 26, 2021 Ekemini We expect central bank digital currencies (CBDC) to gain further momentum. This will likely be driven first and foremost by China, which is advancing quickly with its digital yuan pilot…
Business Technology Facebook, Google Suggest Reform March 26, 2021 Ekemini Facebook Chief Executive Mark Zuckerberg has laid out steps to reform a key internet law on Wednesday, saying companies should have immunity from liability only if they follow best practices…
