NASS Approves N74 Billion Budget For Police Trust Fund
The N74 billion budget captures all the demands of the fund which include training and retraining of personnel of the police. The National Assembly Joint Committee on Police Affairs has…
Nigeria Lost U.S.$3.5 Billion To Ports Concession, U.S.$90.5 Million To Airports Deals – House
The House of Representatives yesterday said the country lost over $3.5 billion from the concession of 26 ports in Nigeria, by the Nigerian Ports Authority (NPA) and another $90.5million to…
Naira Gains On I&E Window
The local currency, naira strengthened against dollar on the Investors & Exporters’ (I&E) window, yesterday, closing at N410.75/$1 compared with N411.63 per dollar on Tuesday, according to FMDQ. Data obtained…
Onne Multipurpose Terminal Opens For Operations
The Onne Multipurpose Terminal has opened its doors for operations. It commenced container operations at Onne Port, in Port-Harcourt thereby doubling Eastern Nigeria’s modern container handling capacity and providing to…
Nigeria Governors Okay Full Deregulation Of Petrol, Over 100% Price Hike To N385
Ahead of Thursday’s Federation Accounts Allocations Committee (FAAC) meeting, the Nigeria Governors’ Forum (NGF) on Wednesday at its virtual meeting considered the report of a committee headed by Kaduna State…
World Bank’s IFC To Invest $2 Bln To Support Africa’s Recovery
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support small businesses in Africa and boost international trade as part of efforts to bolster the…
The Reinvention Of Canary Wharf
A splashy science campus is set to rise on a site once tagged for Deutsche Bank AG’s London headquarters. A construction blitz of luxury apartments is aiming to spawn a…
Bitcoin Struggles For Footing On Worries Over China, Leverage
Bitcoin regained some ground on Thursday from the previous session’s brutal slide to four-month lows but was weighed down by concerns over tighter regulation in China and unease over the…
Nigeria, Others To Receive Fresh $150b From World Bank
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support small businesses in Africa and boost international trade as part of efforts to bolster the…
Navy Blames NNPC Over Theft Of 200,000 Barrels Of Crude Oil
The Nigerian Navy yesterday exonerated itself from the loss of 200,000 barrels of crude oil to pipeline vandalisation and illegal refineries, even as it blamed the Nigerian National Petroleum Corporation…
CDC expects Covid vaccine data on pregnant women this summer and on kids under 12 in the fall
Centers for Disease Control and Prevention officials said Wednesday they are expecting data from trials testing Covid-19 vaccines on pregnant women this summer and on children as young as 6…
Ford to halt production of F-150, Bronco Sport and other vehicles due to chip shortage
DETROIT – Ford Motor will halt or cut production at eight North American plants for varying periods of time through June due to an ongoing shortage of semiconductor chips impacting…
Apple’s Head Of Software Admits Macs Have An Unacceptable Amount Of Malware
Apple’s head of software, Craig Federighi, said in court on Wednesday that Apple is not pleased with the amount of harmful software, or malware, on its operating system for Mac…
Cisco Returns To Growth But Disappoints On Earnings Guidance
Cisco shares fell 6% in extended trading on Wednesday after the data center networking hardware maker said it expects this quarter’s earnings to be lower than analysts had expected. The…
Apple’s new iPad Pro Is Super Powerful And Has An Amazing Screen, But The iPad Air is still best for most people
I’ve been testing Apple’s new 12.9-inch iPad Pro for the past week or so. It might look similar to the last two versions, but it’s a really big upgrade that…
Bill Miller Isn’t Fazed By The Bitcoin Drop And Says The Volatility Is ‘Pretty Routine’
Longtime bitcoin bull and big holder Bill Miller on Wednesday downplayed the cryptocurrency’s recent wild trading action. “If I liked something at higher prices it is a safe bet I…
Tom Lee Says Stocks May Be Primed For A Big Rally. Here’s why
Tom Lee told CNBC on Wednesday he sees conditions in the market that could help spark a rally in stocks, as long as the U.S. economic recovery from the coronavirus…
Crypto And Market Volatility Got You Rattled? These Stocks Are A Smooth Ride
Volatility in the cryptocurrency and stock market is spooking investors but a handful of stocks could offer solid returns without the drama. The major averages are lower on Wednesday amid…
Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE
By 2010, Anthony Casalena was seven years into bootstrapping his start-up Squarespace, which he’d grown from a dorm room project at the University of Maryland into a business with $10…
Netanyahu Determined To Carry On With Gaza Military Offensive Despite Pressure For Cease-Fire
Israeli Prime Minister Benjamin Netanyahu on Wednesday said he was determined to continue the bombardment of Gaza, after U.S. President Joe Biden called for a “significant de-escalation today on the…
Lumber Futures Swing 10% In Wild Session As Speculative Frenzy Ends
Lumber futures gyrated in wild trading on Wednesday as traders struggled to determine if a recent pullback in wood prices had removed enough froth from the market. Lumber futures for…
Peter Thiel is backing a rival to Elon Musk’s brain implant company
Palantir co-founder and venture capitalist Peter Thiel has invested in a company that’s putting computer chips into people’s heads in a bid to improve them in some way. The early…
Amazon says vaccinated workers can ditch masks starting next week
Amazon said Wednesday it will soon stop requiring face masks for fully vaccinated workers inside warehouses, except where required by law. Starting Monday, fully vaccinated operations employees in the U.S.…
TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run
Autonomous vehicle company TuSimple on Wednesday claimed that its trucks shaved 10 hours off what’s normally a 24-hour job. The company tested its trucks by hauling fresh watermelons along a…
Elon Musk tweets ‘diamond hands’ emoji amid bitcoin drop, implying Tesla won’t sell
Tesla CEO Elon Musk doesn’t appear to be shying away from bitcoin, despite the crypto-wide sell-off, which cut the value of bitcoin in half at one point over the last…
Sterling Shrugs At Rising Inflation, Hovers Below $1.42
Sterling turned slightly lower against a recovering dollar and hit its lowest in more than a week against the euro on Wednesday, after data showed a doubling of consumer price…
Crypto Tumble Wipes US$600 Billion Off Digital Tokens In A Week
Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom. The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than…
Cathie Wood, Still A Bitcoin Believer, Sees It Going To US$500,000
Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped US$500 billion from the coin’s peak market value at one point. The head…
Nigeria Cocoa Hurt By Currency Depreciation, Chemical Costs, Officials And Farmers Say
IBADAN, Nigeria–The output and quality of Nigeria’s 2020-21 cocoa crop are likely to suffer as increased chemical prices and a weaker naira are preventing farmers from being able to treat…
Nigeria’s Naira Firms 8% After Hitting Record Low On Official Market
The Nigerian currency, the naira, briefly firmed 8% on Wednesday to 394 to the dollar on the official market after dropping to a record low in early trades, Refinitiv Eikon…