Business Investing World Mastercard Battles Return Of $19 Billion UK Class Action March 25, 2021 Ekemini A specialist London court will this week re-consider allowing an historic 14 billion pound ($19 billion) class action against Mastercard to proceed, which could entitle adults in Britain to about…
Banking World Bank Of England Unveils New Banknote Celebrating WW2 Code-Breaker Turing March 25, 2021 Ekemini The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain win World War Two with his code-breaking skills but is believed to…
Investing World Organic Farming Must Grow To Reach Green Goals, EU Says March 25, 2021 Ekemini The European Commission on Thursday said it would expand financial and policy support to help achieve a goal for a quarter of Europe’s farmland to be organic by 2030. Agriculture…
Business Investing Local Here’s Why Investment-Interest In Eko Atlantic Is High Despite Economic Slowdown, Land Price March 25, 2021 Ekemini At a time when many developments are struggling to get off ground as a result of Covid-19 impact and general slowdown in economy, investment interest in Eko Atlantic City in…
Local Opinion Report Indicts NNPC, CBN, Others Of Under-Remittance To Federal Government March 25, 2021 Ekemini A report from forensic auditors, KPMG has indicted about seven government revenue-generating agencies for under-remitting over N526.35 billion and $21.199 billion to the Federation Account between January 2010 and June…
Local Opinion I Handed $15.8m To Suswam In His Abuja House, Says Witness March 25, 2021 Ekemini The criminal trial of former Benue State Governor Gabriel Suswam resumed on Wednesday at a Federal High Court in Abuja with a prosecution witness saying he handed $15.8 million to…
Opinion Technology World Google Offered A Professor $60,000, But He Turned It Down. Here’s Why March 25, 2021 Ekemini When Luke Stark sought money from Google in November he had no idea he’d be turning down $60,000 from the tech giant in March. Stark, an assistant professor at Western…
Local Opinion Reps Probe MDAs Over N526bn, $21bn Revenue Leakages, Others March 25, 2021 Ekemini The House of Representatives has resolved to investigate ministries, departments and agencies of the Federal Government over various unremitted revenue and leakages detected by the Office of the Auditor General…
Investing Local No Sale, Concession Decision On TCN, Says BPE March 25, 2021 Ekemini The Federal Government has not decided on whether it would sell or concession the Transmission Company of Nigeria, the Bureau of Public Enterprises said on Wednesday. Director, Energy Department, BPE,…
Investing Local Opinion Federal Government Begins Disbursement Of N68m Grant To Edo Rural women March 25, 2021 Ekemini The Federal Government, on Wednesday, commenced the disbursement of N68m grant to 3,400 rural women in Edo State as part of efforts to tackle poverty in the country. While giving…
Local Opinion Refineries: Reps Probe $1.5bn Planned Rehabilitation, Past Repairs March 25, 2021 Ekemini The House of Representative has resolved to investigate the fresh $1.5bn recently approved by the Federal Executive Council to rehabilitate the Port Harcourt refinery. The House will also be probing…
Investing World Infrastructure Bill Could Fuel Stocks, But Investors Temper Enthusiasm March 25, 2021 Ekemini A U.S. government plan to upgrade the nation’s infrastructure could further fuel the stock market’s rally, but skepticism about a massive spending package navigating political obstacles and the speed of…
Business World Oil Falls As Demand Concerns Trump Suez Canal Disruptions March 25, 2021 Ekemini Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude…
Banking Business World Westpac Could Lead Australian Exit From New Zealand Banking March 25, 2021 Ekemini Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the other three Australian-owned banks that make-up the bulk of the kiwi…
Business World Asian Stocks Trip On China Tech Woes, Some Cyclical Shares Bought March 25, 2021 Ekemini Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they will be de-listed from U.S. bourses and worries about a…
Opinion World In 2020 The Ultra-Rich Got Richer. Now They’re Bracing For The Backlash March 25, 2021 Ekemini In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights. Now some are…
Business Technology World Asian Shares Wobble In Volatile Trade As China Tech Selloff Weighs March 25, 2021 Ekemini Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they will be de-listed from U.S. bourses and worries about a…
Business Investing Technology World Chinese Tech Stocks Fall As U.S. SEC Begins Rollout Of Law Aimed At Delisting March 25, 2021 Ekemini Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do…
Business World COLUMN-Central Banks Left Flat-Footed By Flexible Fed: Mike Dolan March 24, 2021 Ekemini This time it is probably different – or at least for monetary policymakers and markets trying to track them. Fuzzier Federal Reserve targets are creating a fog for other central…
Business World Tesla Now Accepts Bitcoin As Payment For Cars, Musk Says March 24, 2021 Ekemini Having stunned the market with its audacious bet on Bitcoin earlier this year, Tesla Inc. will now start accepting the world’s largest electronic currency as payment for its electric cars.…
Business Local Insecurity Worsens Nigeria’s Inflation – CBN Boss, Emefiele March 24, 2021 Ekemini Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country’s rising inflation was due to insecurity. He made the remark on Tuesday while presenting the…
Local NDLEA Lagos Airport Command Seizes 979.667kg Drugs In Three Months, Convicts 12 March 24, 2021 Ekemini Between January 2021 and March 2021, the National Drug Law and Enforcement Agency (NDLEA), Murtala Muhammed Airport Command said it has seized a total of 979.667kgs of illicit drugs. The…
Business Local Cash Is King For Emerging Nations Facing Spike In Funding Costs March 24, 2021 Ekemini Cash is king may well be the mantra for emerging markets this year. With the relentless increase in Treasury yields pushing up global borrowing costs, developing-nation bond investors are scrutinizing…
Business Local NPA Suspends Export Receipts At Lagos Ports, Clamps Down Illegal Jetty Operators March 24, 2021 Ekemini Nigerian Ports Authority (NPA) has announced two weeks suspension of export receipts at Lagos seaports and all satellite truck parks, with effect from Monday, March 22, 2021. In a press…
Business World Warnings As Crypto, Digital Yuan Fraudsters Run Wild In China March 24, 2021 Ekemini Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices rise and the rollout of the Chinese…
Business Local Oil Resumes Advance Alongside Broader Market Rally March 24, 2021 Ekemini Oil resumed gains alongside a broader market rally and after a weekly U.S. inventory report showed signs of an uptick in fuel demand. Futures in New York surged as much…
Business Local Tugs Work To Free Giant Container Ship Stranded In Suez Canal March 24, 2021 Ekemini The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one of the world’s largest container ships after it ran aground…
Banking World Sterling Dips As UK Vaccination Drive Faces Bump In The Road March 24, 2021 Ekemini Sterling fell on Wednesday after the European Union raised the prospect of blocking COVID-19 vaccine shipments to countries, such as Britain, with higher inoculation rates and to those not exporting…
Business World Yuan Going Global: China Tests Its Digital Currency On E-Commerce Platforms March 24, 2021 Ekemini As part of a push to internationalize the yuan, China has been testing its digital currency on trading platforms around the world where it can be freely traded with other…
Banking Business World Bank Of Canada Sees More Investor Activity, Flipping In Housing -Deputy Governor March 24, 2021 Ekemini The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing markets and is concerned that “fear of missing out” may also…
