Why Wall Street Is So Excited About Bank Stocks
For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love…
Day: April 14, 2021
Senate Confirms Shaba As NASRDA DG
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space Research and…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am…
JPMorgan Profit Leaps After Reserve Release Boost
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest U.S. bank…
Nikola, Iveco & OGE Sign Preliminary Hydrogen Distribution Agreement
Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday they entered a…
NNPC Partners Kebbi On Renewable Energy Project
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State on…
NAIC Pays N1.7bn Claims To Farmers
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of N1.7 billion claims to over 5,000 farmers in…
PenCom Attributes N58bn Decline In Pension Assets To Market Volatility
The National Pension Commission (PenCom) has attributed the N58 billion decline in total pension assets from an all-time high value…
Mastercard, Uber Extend Partnership
Uber and Mastercard have extended their partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions.…
Ganduje Disburses N148m To 1,400 Public Schools
The Kano State Governor, Mr. Abdullahi Umar Ganduje, has commenced the disbursement of N148 million upkeep grants for 1,400 public…
Central Bank Of Nigeria To Expand Borrowers’ Database, Orders Banks To Register On Credit Management System
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs)…
South Africa Says Down payments To J&J, Pfizer Not Refundable
The South African government’s downpayments to Johnson & Johnson (J&J) and Pfizer for COVID-19 vaccines are not refundable under any…
Costs For Retail Fund Investors In EU Remain High, Says Regulator
Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it harder for…
How The Pandemic Helped Walmart Battle Amazon Marketplace For Sellers
Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no…
Is That It? Markets Relax About Inflation Pop
Just as long-dormant inflation finally rears its head again, there are some signs that financial markets may already have overestimated…
First Bank To Create Awareness On Digital Safety
First Bank of Nigeria Limited said it will sensitise individuals and businesses with useful information on how to be protected…
UBA Business Series To Equip SMEs With Performance Management Strategies For Organisational Growth
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the…
Lagos Muslims To Pay N1.37m For 2021 Hajj
The Lagos State Muslim Pilgrims Welfare Board has said that the least amount to be paid for participation in the…
Pipeline Vandalism Reduced By 37.21% In January – NNPC
The Nigerian National Petroleum Corporation on Tuesday announced a 37.21 per cent decrease in cases of pipeline vandalism across the…
Manufacturing Sector Intervention Fund Now N803bn –CBN
Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN…
3,499 CPS Retirees Not Entitled To Pensions In Q4 – PenCom
The National Pension Commission refunded N848.92m to 3,499 retirees under the Contributory Pension Scheme and allowed them to leave the…
Online Transactions Rise By 99% To N22.77tn
The value of transactions carried out online by bank customers jumped to N22.77tn in March 2021, the latest data from…
ITA, NEPC To Train Agric Entrepreneurs
As part of its commitment to boost trade relationships with Nigeria, the Italian Trade Agency has unveiled its training programme…
Ecobank Appoints New Head Of Corporate Banking
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Akin Dada as the new Executive…
BUA, 27 Others Now Have Active Refinery Licences, Says DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining…
New Zealand Bill Would Require Banks To Disclose Climate Risks, In A World First
New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate…
Apple Will Launch New Products On April 20
Apple is set to host its first product launch of the year next week, and it’s expected to announce updates…
Egypt Impounds EverGreen Ship Over $900 Million Suez Canal Compensation Bill
Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute…
Cryptocurrency Market Now Worth $2tn – Report
The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts…
We’re Losing Millions Of Dollars Selling Cements In Nigeria-Dangotedo
Dangote Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing…