Nine Power Plants Shut, Federal Government Apologises For Outages
The Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had…
Month: April 2021
Dollar Heads For Second weekly Loss On Fed’s Lower-For-Longer Stance
The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors…
Hong Kong Tycoon Jimmy Lai, Others To Be Sentenced For Illegal Assembly
Hong Kong media tycoon Jimmy Lai and nine other pro-democracy activists are expected to be sentenced on Friday after they…
City Of London Brexit Hit Worse Than Expected, Says Study
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to…
ARK buys $110m Coinbase Shares, Adding To Positions
Celebrity stockpicker Cathie Woods’ ARK funds bought more shares of Coinbase (COIN.O) worth $110 million a day after the cryptocurrency exchange’s…
Investor Einhorn Says Palihapitiya, Musk Poured ‘Jet Fuel’ On GameStop
Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur Elon Musk threw “jet fuel” on…
Hyundai Motor Group Names New Chief For Mobility Division
Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named…
World Stocks Near Record Highs As China, U.S. Data Back Global Recovery Hopes Hideyuki Sano
Global stocks stood near record highs on Friday after strong U.S. and Chinese economic data cemented expectations of a solid…
Google Earth can now show you how much the planet has changed in 37 years
Google Earth received its first big update since 2017 on Thursday. The highlight is a new time-lapse feature that lets you…
Jeff Bezos says Amazon needs to do a better job for employees in his final shareholder letter as CEO
In his final letter to shareholders, Amazon CEO Jeff Bezos on Thursday laid out a broad vision for the future of the…
Mobile gaming company AppLovin starts trading at $70, giving it a market cap of about $24 billion
Mobile gaming company AppLovin began trading Thursday at $70 per share. The nine-year-old company, which has a portfolio of mobile games and…
Apple could stop making new iPhone Mini models by 2022, top analyst says
Apple’s 2022 iPhones could come in four different models with significantly improved cameras, TFI analyst Ming-Chi Kuo said in a…
Coinbase stock whipsaws after landmark Nasdaq debut
Coinbase shares whipsawed Thursday morning, a day after the cryptocurrency exchange went public in a blockbuster direct listing. The firm’s stock price…
Pfizer CEO says third Covid vaccine dose likely needed within 12 months
Pfizer CEO Albert Bourla said people will “likely” need a booster dose of a Covid-19 vaccine within 12 months of getting…
Mercedes-Benz Unveils new flagship EQS electric sedan to take on Tesla
Mercedes-Benz believes its new EQS sedan will redefine the all-electric luxury vehicle segment as it competes against Tesla and a growing number…
Bank Fines, Suspensions Weighed By Zimbabwe For Currency Gouging
Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the…
The CPI And Forex: How CPI Data Affects Currency Prices
In this article, we’ll explore CPI and forex trading, looking at what traders should know about the Consumer Price Index…
World-Beating Currency Draws Ire Of Mozambique’s Farm Minister
Mozambique’s world-beating currency has left some investors confused after a March terror attack threw its economic prospects into doubt. Now,…
IMF Warns Of A Weaker Economic Recovery In Southeast Asia As Covid Restrictions Linger
The International Monetary Fund downgraded its forecasts for several Southeast Asian economies even as it turned more optimistic about the…
N5.4tr Debt: AMCON Seeks Special Tribunals To Try Debtors
The Asset Management Corporation of Nigeria (AMCON) is seeking the establishment of special tribunals to try those owing it N5.4…
Firm To Raise N20bn Via Lagos Commodities Exchange
Voriancorelli, the first company screened for listing on the Lagos Commodities and Futures Exchange, is seeking to rVise N20bn through…
Oil Price May Hit $70 Per Barrel By Mid 2021
S&P Global Platts has predicted that global oil prices will climb above $70 per barrel around mid-2021 as improved supply…
BDC Operators To CBN: Make Us Pay Agents For Diaspora Remittances
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make…
Canada Eases Immigration Requirements For Foreign Health Workers
Justin Trudeau’s government announced it will start expediting permanent residency next month for foreign workers on the front lines of…
Oil Edges Lower After Jumping On U.S. Crude Stockpiles Draw
Oil edged lower in Asia after jumping almost 5% on Wednesday as U.S. stockpiles data added to signs the demand…
IMF Endorses Digital Money For Cheaper Remittance, Cross-Border Payments
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has called on governments and individuals to adopt digital…
Nigerian Crude Oil Sold At Deeper Discount, Says OPEC
Amid the availability of large volumes of unsold cargoes in the West African market, three of Nigeria’s major crude oil…
Avoid Reckless Money Printing To Fund Deficits, Experts Warn
Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge financial trouble after the…
AMCON Seeks Accommodation In BOFIA 2020
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to accommodate it in the provisions of the…
Federal Government Counters Obaseki, Denies Printing N60bn To Augment FAAC
The federal government yesterday faulted a claim by Governor of Edo State, Mr. Godwin Obaseki, that it printed N60 billion…