Factbox: Bezos, Branson And Musk: Who Is Winning The Space Tourism Race?
Three billionaire entrepreneurs – Jeff Bezos, Elon Musk, and Richard Branson – are each vying to usher in a new era of private commercial space travel. Here is how their…
TikTok Lets Users Apply For Jobs With Video Resumes
Short-video sharing app TikTok on Wednesday launched a pilot program that lets users upload video resumes for U.S.-based jobs ranging from a WWE Superstar to a senior data engineer at…
Dozens Of U.S. States Sue Google Alleging Antitrust Violations
Dozens of U.S. state attorneys general filed an antitrust lawsuit in federal court against Alphabet Inc’s (GOOGL.O) Google on Wednesday, according to an entry in the court docket. The lawsuit…
U.S. Stocks Edge Up After Fed Minutes, Bonds Steady, Dollar Firm
U.S. Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs after minutes from the Federal Reserve’s latest meeting largely confirmed market expectations. The…
S&P 500 Edges Higher, Holds Gains After Fed Minutes
The S&P 500 rose slightly on Wednesday and held its gains after the Federal Reserve released the minutes from its last meeting, which showed officials divided on economic signals. According…
U.S. Dollar Little Changed Following Fed Minutes
The dollar was slightly higher on Wednesday after the release of the minutes of the U.S. Federal Reserve’s latest policy meeting, which showed Fed officials wrestling with the onset of…
Analysis: U.S. IPO Market A Danger Zone for Chinese Firms After Beijing Crackdown
China’s stepped-up scrutiny of overseas listings by its companies and a clampdown on ride-hailing giant Didi Global Inc (DIDI.N) soon after its debut in New York have darkened the outlook…
Haiti President Assassinated At His Private Residence
President Jovenel Moise of Haiti has been assassinated. According to a statement from the office of Claude Joseph, interim prime minister of Haiti, Moise was killed overnight at his private…
Senate Approves Buhari’s $6bn Loan Request
The senate has approved the $6.1 billion loan request by President Muhammadu Buhari. The $6.1 billion loan request — N2.343 trillion — was approved after Clifford Ordia, chairman of the…
AMCON Decries N1.4bn Debtors’ Promissory Notes
The Assets Management Company of Nigeria (AMCON) said it has over N1.4 billion promissory notes offered by bank debtors who failed to pay back the creditor banks. AMCON’s Head of…
Investing in Ethereum? What you need to know about it and why it’s not just another bitcoin
As institutional investors become more comfortable with bitcoin, many have also taken an interest in ether, the native currency of the most widely used blockchain-based development platform, as they seek…
Cramer questions why anyone would buy a Chinese IPO ever again after Didi debacle
CNBC’s Jim Cramer believes Didi Global’s post-IPO debacle may permanently change American investors’ attitudes toward Chinese companies seeking to go public on Wall Street. “You’re a moron if you buy…
Dangote Refinery, Others To Buy Crude In Naira
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday. Companies…
Oil Market: Price Of Brent Hits $77.16 Per Barrel As OPEC, Non-OPEC Ministers Postpone Talks
The price of Brent, Monday, rose to $77.16 from $76.10 per barrel, in the international market, following the indefinite postponement of the much-expected meeting of the Organisation of Petroleum Exporting…
Planned N4.8trn Borrowing: Each Citizen May Owe N217k By Next Year As Nigeria’s Debt Hits N43.4trn
The plan by the federal government to go for a fresh loan of N4.68 trillion to fund its 2022 budget would jack up the nation’s debt stock above the current…
GBP/USD In For A Volatile Ride This Week, Focus On The Downside Below 1.3890
GBP/USD is currently trading at 1.3853 and a touch higher on the day by 0.2%. Cable has travelled between a low of 1.3816 and a high of 1.3861 so far…
Iran Says It Can Quickly Hike Oil Output If Sanctions Are Lifted
Iran’s Oil Minister Bijan Namdar Zanganeh said his country has taken “many measures” to ensure it can raise crude production in “a very short time” if U.S. sanctions are lifted…
Banks To Remain Resilient Despite Inflation, Currency Headwinds’
Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banks’ profits would grow marginally in spite of decline in interest…
UAE Rejects Extension Of OPEC+ Oil Production Deal To End-2022
The United Arab Emirates said it rejects a plan by other members of OPEC+ to extend the group’s agreement to curb oil production beyond April 2022, unless it’s allowed to…
NIMASA Introduces New Certificates Of Ship Registration
The Nigerian Maritime Administration and Safety Agency (NIMASA) has begun issuance of new certificates of ship registration. The agency is at the same time phasing out old permits. The Director-General…
FG Moves To Tackle Underage Gaming
ABUJA–THE Federal Government through the National Lottery Regulatory Commission, NLRC, has concluded plans to organize a conference to look into allegations of multiple taxation, over-regulation and issues of underage gaming…
Nigeria Looking To Mix Of Chinese And European Lending For Rail Projects
Nigeria is negotiating a mix of loans from Chinese and European lenders to fund railway projects in the country, transportation minister Rotimi Amaechi said on Friday. Amaechi said Standard Chartered…
Nigeria’s Finance Minister Projects Sturdier Expansion Up To 2024
(MENAFN) Nigeria’s finance minister Zainab Ahmed has stated that the nation is projected to exit an economic recession mostly blamed on the coronavirus pandemic and accomplish sturdier expansion from this…
SEC Issues Interoperability Framework Among CSDs
The Securities and Exchange Commission has issued an Interoperability/Financial Markets Infrastructure Link Framework among Central Securities Depositories to enhance the efficiency of trading and settlement functions as well as align…
H2 Outlook: Analysts Tip Non-Oil Sector To Drive Growth As GDP Eyes 2.63% Y/Y
The non-oil sector has been tipped to drive the economy in the second half of 2021. Inflation which has maintained an upward trend in most part of the first half…
Gas Marketers: Naira Devaluation, Huge Supply Gap Responsible For Surge In Cooking Gas Price
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says naira devaluation and huge supply gap caused the surge in cooking gas prices. According to the national bureau of statistics,…
FG Approves Award Of Bayelsa Oilfield To New Owners
The federal government has approved the handing over of the Atala oilfield, a revoked asset hitherto owned by the Bayelsa state government, to new owners, Halkin Exploration and Production Limited.…
NNPC Says No Petrol Price Increase In July
The Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, will remain N162 in July. It said…
Oil Prices Could Skyrocket If OPEC+ Fails In Pledge To Deliver More Supply
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus…
Economy At Half Year: Investors Lose N1.2tr, Naira Depreciates By 8 Per Cent
Nigeria’s economic and financial health status deteriorated sharply in the first half of this year as rising hyperinflation compounded currency depreciation, stoking a selloff that saw investors in quoted equities…