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…
Month: July 2021
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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’…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…