World Health Organization Officials Try To Figure Out Why Delta Is So Much Dangerous Than Earlier Covid Strains
World Health Organization officials said they are still trying to understand why the delta variant is more transmissible and potentially…
Month: July 2021
China Lifts Yuan Midpoint By The Most Since January
China’s central bank lifted its yuan midpoint to a one-month high on Friday to reflect a bounce in the spot…
NPA Pledges To Enthrone International Standards At Ports
The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello Koko has restated the commitment of the management…
Forex Sale: ABCON To Identify Erring Members For Sanction
Bureau De Change (BDC) operators that violated Central Bank of Nigeria (CBN’s) guidelines on foreign exchange (forex) sales will be…
Data war: MTN, Airtel, Others Lose Over 8 Million Subscribers In 3 Months
MTN, Airtel, Glo, and 9mobile lost over 8 million data subscribers between March 2021 and May 2021. The four major…
Federal Government Of Nigeria Targets 2025 For Full 5G Coverage Of Urban Centres
While spectrum for 5G is expected to be auctioned by the last quarter of the year, the Federal Government has…
Federal Government Of Nigeria Cuts Gas-To-Power Price To $2.18/Mmbtu
The Federal Government, on Thursday said it has reviewed downward the price of gas-to-power from $2.50/mmbtu to $2.18/mmbtu for domestic supply…
Banks’ CEOs Summon Emergency Meeting Over BDCs’ Forex Ban
Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive…
Private Sector Owns 70% of N12.7tn Pension Fund, Says PENCOM
The National Pension Commission (PENCOM) has revealed that private sector workers own 70 per cent of the N12.7 trillion in…
NGX Key Indicators Drop Further By 0.79% On Profit-Taking
Trading at the nation’s bourse extended a losing streak on Thursday, with key market indicators nosediving by 0.79 per cent…
Internal Revenue Service Expands Employer Tax Credit For Covid Vaccine Paid Time Off To Include Workers’ Families
The Treasury Department announced Thursday that it will expand tax credits to employers who give workers paid time off to…
Microsoft Is In Talks To Invest In Indian Budget Hotel Start-Up OYO
Microsoft is in advanced talks to invest in Indian budget hotel chain Oyo, a source familiar with the matter confirmed…
Tesla Megapack Caught Fire At Victorian Big Battery Site In Australia
A fire occurred within a Tesla Megapack at one of the largest batteries in the world in Australia’s Victoria state…
Investors Bought Chinese Stocks In The Last Week, Despite Regulatory Concerns
Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation, according to fund research firm…
Amazon Sales Growth Slows In Tame Start To Jassy’s Tenure As CEO
Amazon.com Inc (AMZN.O) on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home,…
SoftBank Q1 Performance Seen Buoyed By China IPOs; Crackdown Clouds Outlook
SoftBank Group Corp (9984.T) is set to report a boost to Vision Fund returns when it posts quarterly earnings due to the…
Robinhood Closes At $34.82 In Grim Stock Market Debut
Robinhood Markets Inc’s shares (HOOD.O) closed more than 8% lower at $34.82 per share on their first day of trading, as many…
Uber Delays Office Return, Makes Vaccination Mandatory For U.S. Employees
Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will…
Explainer: Major Ethereum Upgrade Set To Alter Supply, Fix Transaction Fees
Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are…
CBN: BDC Promoters To Get Refund On Deposits, Fees With Pending Applications
In the aftermath of the Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria (CBN) has said it will…
Nigeria’s Capital Import Dips To $875.62m In Q2
The total value of capital importation into Nigeria declined to $875.62million in the second quarter of 2021 from $1,905.89million in…
Federal Government Urged To Adopt Bangladesh’s Export-Demand Industrial Policy Model
The Director-General, Nigerian Institute of International Affairs (NIIA), Professor Eghosa Osaghae has advised the federal government to adopt an export-demand…
Nigeria To Refund Deposits To Exchange Bureaux Applicants After FX Sale Ban
Nigeria’s central bank will refund exchange bureaux that have paid deposits and licence fees which have yet to be approved,…
Central Bank Chief Says Canadians Should Not ‘Overreact’ To Temporary Inflation
Bank of Canada Governor Tiff Macklem, writing in a column for the Financial Post newspaper on Thursday, said Canadians can…
Canadian Dollar Hits 2-Week High As Fed Stance Bolsters Sentiment
The Canadian dollar touched a two-week high against its broadly weaker U.S. counterpart on Thursday, as the Federal Reserve remained…
Nigerian Manufacturers Battling Stunted Growth Blame Forex Scarcity
The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can’t find…
IMF Retains 2.5% Growth Estimate For Nigeria
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 per cent economic growth forecast for 2021. The institution said this…
OPEC: Nigeria May Be Hard-Hit By Declining Investment In Oil Sector
The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments in the global oil and gas industry,…
Ban On Forex Sale: NESG, Rewane Ask CBN To Ensure Policy Success, Cushion Effects
Following the cancellation of the sale of about $5.7 billion foreign exchange (forex) annually to about 5,500 licenced Bureau De…
NYSE-Owner ICE’s Second-Quarter Profit More Than Doubles
Intercontinental Exchange Inc (ICE.N), the owner of the New York Stock Exchange, on Thursday reported that its second-quarter profit more than…