Brookfield, BlackRock No Longer In Race For Over $10 Billion Aramco Pipeline Stake – Sources
U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake…
Month: April 2021
Azman Reshuffles Management After NCAA Audit
Azman Air has reshuffled a number of appointments amongst its management cadre following the recently concluded audit of the airline…
Europe’s STOXX 600 Hits Record High On Global Recovery Optimism
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on…
Stocks Scale Fresh Peak As U.S. And China Lead Recovery
Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States, while…
Sterling Bank Reports N12.4bn Profit
Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the financial year…
NGO Tackles Chevron Over Oil Spill In Gbaramatu
The Centre for Peace and Environmental Justice on Monday said the failure of Chevron Nigeria Limited to accept responsibility for…
Fuel Marketing Companies Suffer N331.54bn Revenue Drop
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid…
2,210 Workers Withdrew N3.18bn From Voluntary Pension Contributions – PenCom
A total of 2,210 workers withdrew N3.18bn from their Retirement Savings Accounts with their respective Pension Fund Administrators in six…
Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC
The debts of four states exceeded their net revenues by more than 400 per cent, the Fiscal Responsibility Commission has…
We’ve Uncovered N50bn Hidden Debt By Amosun Govt – Ogun
The Ogun State Government says it took its diligence to discover an alleged hidden additional N50bn domestic debt left behind…
Dolce & Gabbana CEO Denies Talks With Kering Over Possible Tie-Up-Paper
Dolce & Gabbana is not in talks with French luxury group Kering over a possible tie-up, the chief executive of…
Payment Giant Stripe Expands To Middle East With Dubai Office
– Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai,…
U.S. Auto Industry Calls For Government Help As It Warns Of Impact Of Chip Shortage
A U.S. auto industry group on Monday urged the government to help as it warned the global semiconductor shortage could…
Credit Suisse To Reveal Losses From Archegos; 2 Execs To Depart: Sources
Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over…
Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with…
Nigeria Moved Out Of Recession Earlier Than Expected – World Bank
In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends…
Bank Of Canada Finds Inflation Target Preferred To Alternatives
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative frameworks, even though there appears…
Bitcoin Booms In Nigeria As Naira Flags
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make…
Nigerians Without NIN Risk Imprisonment, Says Minister
The Minister of Communication and Digital Economy, Dr Isa Pantami, on Thursday warned that Nigerians who do not have National…
Shippers’ Council Moves To End Indiscriminate Boarding Of Vessels
The implementation of the Nigerian Ports Process Manual (NPPM) has recorded some progress with the decision to stop indiscriminate boarding…
Maximising FG’s Delineation Of Free Trade Zones At Airports
Recently the federal government announced the designation of five international airports as free trade zones to support the implementation of…
OPEC+ Decides To Gradually Curb Output Cuts As Demand Concerns Persist
A group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb existing output…
Global Banks Warn Of Market Chaos If Court Were To Abolish Libor
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of…
China’s Central Bank Warns Of Financial Risks, Including Potential Defaults
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years,…
External Reserves Lost $178m In March – CBN
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria…
CBN Warns Against Abuse As MFBs Float Liquidity Placement Platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited…
Diaspora Nigerians with expired passport can now travel home – NIS boss
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who could not travel back home due…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services for Nigerians
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned…
Dollar Consolidates Q1 Gains With Biden’s Spending Plan
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday, holding near multi-month…
Investors Have Committed N100bn Into Our Oil Palm Sector – Edo
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal Government has succeeded in…