Mastercard Battles Return Of $19 Billion UK Class Action
A specialist London court will this week re-consider allowing an historic 14 billion pound ($19 billion) class action against Mastercard…
Month: March 2021
Bank Of England Unveils New Banknote Celebrating WW2 Code-Breaker Turing
The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain win World…
Organic Farming Must Grow To Reach Green Goals, EU Says
The European Commission on Thursday said it would expand financial and policy support to help achieve a goal for a…
Here’s Why Investment-Interest In Eko Atlantic Is High Despite Economic Slowdown, Land Price
At a time when many developments are struggling to get off ground as a result of Covid-19 impact and general…
Report Indicts NNPC, CBN, Others Of Under-Remittance To Federal Government
A report from forensic auditors, KPMG has indicted about seven government revenue-generating agencies for under-remitting over N526.35 billion and $21.199…
I Handed $15.8m To Suswam In His Abuja House, Says Witness
The criminal trial of former Benue State Governor Gabriel Suswam resumed on Wednesday at a Federal High Court in Abuja…
Google Offered A Professor $60,000, But He Turned It Down. Here’s Why
When Luke Stark sought money from Google in November he had no idea he’d be turning down $60,000 from the…
Reps Probe MDAs Over N526bn, $21bn Revenue Leakages, Others
The House of Representatives has resolved to investigate ministries, departments and agencies of the Federal Government over various unremitted revenue…
No Sale, Concession Decision On TCN, Says BPE
The Federal Government has not decided on whether it would sell or concession the Transmission Company of Nigeria, the Bureau…
Federal Government Begins Disbursement Of N68m Grant To Edo Rural women
The Federal Government, on Wednesday, commenced the disbursement of N68m grant to 3,400 rural women in Edo State as part…
Refineries: Reps Probe $1.5bn Planned Rehabilitation, Past Repairs
The House of Representative has resolved to investigate the fresh $1.5bn recently approved by the Federal Executive Council to rehabilitate…
Infrastructure Bill Could Fuel Stocks, But Investors Temper Enthusiasm
A U.S. government plan to upgrade the nation’s infrastructure could further fuel the stock market’s rally, but skepticism about a…
Oil Falls As Demand Concerns Trump Suez Canal Disruptions
Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug…
Westpac Could Lead Australian Exit From New Zealand Banking
Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the other…
Asian Stocks Trip On China Tech Woes, Some Cyclical Shares Bought
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they…
In 2020 The Ultra-Rich Got Richer. Now They’re Bracing For The Backlash
In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II,…
Asian Shares Wobble In Volatile Trade As China Tech Selloff Weighs
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they…
Chinese Tech Stocks Fall As U.S. SEC Begins Rollout Of Law Aimed At Delisting
Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would…
COLUMN-Central Banks Left Flat-Footed By Flexible Fed: Mike Dolan
This time it is probably different – or at least for monetary policymakers and markets trying to track them. Fuzzier…
Tesla Now Accepts Bitcoin As Payment For Cars, Musk Says
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…
Insecurity Worsens Nigeria’s Inflation – CBN Boss, Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country’s rising inflation was due to…
NDLEA Lagos Airport Command Seizes 979.667kg Drugs In Three Months, Convicts 12
Between January 2021 and March 2021, the National Drug Law and Enforcement Agency (NDLEA), Murtala Muhammed Airport Command said it…
Cash Is King For Emerging Nations Facing Spike In Funding Costs
Cash is king may well be the mantra for emerging markets this year. With the relentless increase in Treasury yields…
NPA Suspends Export Receipts At Lagos Ports, Clamps Down Illegal Jetty Operators
Nigerian Ports Authority (NPA) has announced two weeks suspension of export receipts at Lagos seaports and all satellite truck parks, with…
Warnings As Crypto, Digital Yuan Fraudsters Run Wild In China
Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices…
Oil Resumes Advance Alongside Broader Market Rally
Oil resumed gains alongside a broader market rally and after a weekly U.S. inventory report showed signs of an uptick…
Tugs Work To Free Giant Container Ship Stranded In Suez Canal
The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one…
Sterling Dips As UK Vaccination Drive Faces Bump In The Road
Sterling fell on Wednesday after the European Union raised the prospect of blocking COVID-19 vaccine shipments to countries, such as…
Yuan Going Global: China Tests Its Digital Currency On E-Commerce Platforms
As part of a push to internationalize the yuan, China has been testing its digital currency on trading platforms around…
Bank Of Canada Sees More Investor Activity, Flipping In Housing -Deputy Governor
The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing markets…