Banking Business World Bank Lending To Fossil Fuel Industry Down 9% In COVID-Hit Year March 24, 2021 Ekemini – The world’s biggest banks cut lending to fossil fuel firms by 9% in 2020 as a result of the pandemic, although funding has still risen over the past five…
Business Investing World Toyota To Reinvest In Isuzu To Partner On Connected Commercial Vehicles, Fuel Cells March 24, 2021 Ekemini Toyota Motor Corp will reinvest in Isuzu Motors Ltd to work together on connected commercial vehicles and fuel cells, the Nikkei reported on Wednesday. Toyota truck unit Hino Motors Ltd…
Business World Nigerian Central Bank Leaves Benchmark Rate Unchanged, Denies New FX Policy March 23, 2021 Ekemini Nigeria’s central bank held its benchmark lending rate at 11.5% on Tuesday, said Governor Godwin Emefiele, who also denied that the country is adopting a new foreign exchange management policy.…
Business Local Nigeria Devalues Currency As It Adopts Flexible Rate March 23, 2021 Ekemini Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of the naira in a year. The government will start to…
Business Local Marginal Fields: FG Set To Realise $500m Target As Buyers Pay 50% Of Signature Bonus – Sylva March 23, 2021 Ekemini THE Federal Government, Tuesday, said it would likely realize the $500 million (N189.5 billion) target from the sale of the nation’s 57 marginal oil fields. Already, the Minister of State…
Business Local Path to varsity/poly certificate dichotomy, by FG March 23, 2021 Ekemini The Federal Government, yesterday came out clean on the perennial first degree/HND dichotomy, stating that the crisis could only be resolved when the curricula of the two education cadres are…
Business World IMF Likely To Revise Higher Its Nigeria Growth Forecast – IMF Nigeria Mission Chief March 23, 2021 Ekemini The International Monetary Fund is likely to revise higher its growth forecast for Nigeria, its mission chief said on Tuesday. Jesmin Rahman, the IMF mission chief to Nigeria, said the…
Business Local FG Plans To Commit $3 Billion In Power Sector In 24 Months March 23, 2021 Ekemini The Federal Government disclosed a plan to commit $3 billion to the power sector in the next two years. The spending is expected to raise the current 4,900 megawatts (MWs)…
Business Local Oil Market – Nigeria’s Bonny Light Price Dips By 36% – Investigation March 23, 2021 Ekemini With the continued negative impact of the Coronavirus pandemic and other factors, the average price of Nigeria’s Bonny Light has dropped by 35.66 per cent in the global market, according…
World UN Agency Criticizes Lack Of Women On Covid-19 Task Forces March 23, 2021 Ekemini Women worldwide are being shut out of decisions regarding the coronavirus pandemic due to unequal representation on Covid-19 task forces, said the UN Development Programme (UNDP). A recent study by…
Features World Ahead AFCON Qualifiers: Ndidi, Iheanacho Hit Camp Today March 23, 2021 Ekemini The Super Eagles camp came alive last night with the arrival of Everton midfielder, Alex Iwobi, Napoli striker, Victor Osimhen, goalkeeper Maduka Okoye, Jamilu Collins, Paul Onuachu, Joe Aribo and…
Business Features Technology World Nigerian Fintech Startup, Blueloop, Gets YC Backing As It Plans Global Expansion March 23, 2021 Ekemini Nigerian fintech startup, Blueloop, has been accepted into the Winter 2021 batch of US-based accelerator, Y Combinator. The startup will be joining 10 other African startups in the 2021 batch…
Business Local Accounting Profession Needs Flexibility To Help Economy’ March 23, 2021 Ekemini AO & FA Consulting has said its entry into the financial sector will add value to Nigerian economy. With a pool of experts and experience in telecommunications, banking, information technology,…
Business Local CBN Releases List Of 47 Approved IMTOs March 23, 2021 Ekemini The Central Bank of Nigeria (CBN) has released the list of 47 International Money Transfer Operators (IMYOs) approved to receive foreign exchange remittances from Diaspora Nigerians. According to the list…
Business Local FG To End Electricity Subsidies by December 2021 March 23, 2021 Ekemini The federal government intends to end the current subsidy being paid on electricity by the end of the year, Special Adviser to President Muhammadu Buhari on Infrastructure, Mr. Ahmad Zakari,…
Business World Amazon Was Supposed To kill Instacart. Instead Instacart Became A Mini-Amazon March 23, 2021 Ekemini When Amazon bought Whole Foods in 2017, the outlook appeared bleak for Instacart. Not only did the grocery delivery startup suddenly have to compete with one of the most sophisticated…
Opinion World California’s Senators Ask Biden To Ban Sale of Gas-Powered Cars March 23, 2021 Ekemini California’s two Senators are pushing the Biden Administration to set a date after which automakers would no longer be allowed to sell gasoline-powered cars anywhere in the United States. The…
Business Technology World Twitter Boss Jack Dorsey’s First Tweet Sells For $2.9m March 23, 2021 Ekemini Each NFT has its own blockchain-based digital signature, which serves as a public ledger, allowing anyone to verify the asset’s authenticity and ownership. They can be attached to digital art…
Local Opinion Jamoh Lauds Buhari For Approving Cabotage Fund Disbursement March 23, 2021 Ekemini The Director-General of Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh has lauded the President, Major General Muhammadu Buhari (retd.), for his directives on the disbursement of the Cabotage…
Business Opinion World Mega Insurance Merger Derailed As Hartford Rejects Rival Chubb’s Offer March 23, 2021 Ekemini Property and casualty insurer Hartford rejected a $23.24 billion takeover offer from larger rival Chubb Ltd on Tuesday, derailing what would have been the largest deal in the property and…
Opinion World In Southeast Asian Internet Battle, Sea’s Rise Sends Rivals Scrambling March 23, 2021 Ekemini In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colours of Southeast Asia tech group Sea Ltd wait for orders next to the green-jacketed riders of…
Business World Apple Card, Underwriter Goldman Sachs Committed No Fair Lending Violations March 23, 2021 Ekemini New York’s Department of Financial Services on Tuesday said it concluded its investigation into Apple’s credit card and its underwriter Goldman Sachs Group Inc and found no evidence of unlawful…
Opinion World Pfizer To Develop New Vaccines On Its Own Using MRNA Technology – WSJ March 23, 2021 Ekemini Pfizer Inc plans to tap the mRNA technology to make new vaccines for other viruses following the success of its COVID-19 shot, which was developed jointly with German partner BioNTech…
Business Technology World GameStop Loses Second Senior Exec As Shakeup Deepens March 23, 2021 Ekemini GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company on March 31, the latest sign of a broader overhaul at the video game…
Local Opinion CAC To Destroy Unclaimed Documents From April 30 March 23, 2021 Ekemini The commission gave the warning in a notice titled “unclaimed certificates/documents”. In July, CAC announced that it will at its offices in Lagos and Abuja due to COVID-19. It said…
Opinion World Futures Drop Ahead Of Powell, Yellen Testimonies March 23, 2021 Ekemini U.S. stock index futures slid on Tuesday as energy stocks dropped while investors awaited remarks from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen for clues on the pace…
Banking Investing World Brazil Central Bank Aims To Prevent 2021 Inflation From Infecting 2022 March 23, 2021 Ekemini Brazil’s central bank stands ready to raise interest rates by another 75 basis points in May in order to bring inflation back to target this year and keep 2022 inflation…
Africa Business Elumelu: Entrepreneurship Key To Africa’s Sustainable Growth March 23, 2021 Ekemini The Founder of the Tony Elumelu Foundation (TEF), Mr. Tony O. Elumelu, has reiterated that equipping young people to succeed through entrepreneurship is one of the surest sustainable, dignified ways…
Business Local Attractive Yields Expected To Weigh On Nigerian & U.S Stocks March 23, 2021 Ekemini The Nigerian stock market continued its bearish streak for the 7th consecutive week as the All-share index dipped by 0.69% to close at 38,382.39 index points. The total market capitalization…
Business World EU Extends Temporary Catch Limits On Fish Stocks Shared With Britain March 23, 2021 Ekemini European Union ministers agreed on Tuesday to extend to the end of July the bloc’s catch limits for fish stocks shared with Britain, to ensure fishing can continue uninterrupted while…
