FG Targeting 50 Billion-Barrel Oil Reserves – DPR
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels…
Day: August 10, 2021
Why Forex Supply To BDCs Cannot Be Sustained Now
Some of the main aims for the sales of forex to operators of licenced Bureau de Change outlets was to…
Nigeria Experienced Increase In Export Of Manufactured Goods, Employment And Productivity In July – Report
The Stanbic IBTC Bank Nigeria’s Purchasing Manager Index (PMI) report has stated that the export of Nigerian manufactured goods, employment…
Travellers Told To Expect Delays At Pearson As Border Reopens To Fully Vaccinated Americans
Travellers are being told to expect delays at Toronto’s Pearson International Airport as Canada reopens its border to fully vaccinated…
Exclusive: Exxon Launches U.S. Shale Gas Sale To Kick-Start Stalled Divestitures
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise…
Stocks Are Little Changed After Democrats Release Budget Proposal
Democrats unveiled their $3.5 trillion budget proposal on Monday, calling for significant spending increases for social programs and climate policy.…
This Group Of Stocks Is On The Cusp Of Another Breakout, Oppenheimer Says
Momentum stocks have picked up speed to begin the week. The MTUM ETF, which holds stocks such as Alphabet and…
SoftBank Unit Behind Risky Multibillion-Dollar Tech Bets Dumps Microsoft, Facebook, Alphabet And Netflix Shares
SoftBank has offloaded shares of U.S. tech giants like Facebook, Microsoft, Alphabet and Netflix, according to its latest financial report…
Digital Economy: Cloud Computing Offers Fresh Vista
Nigeria has never hidden its resolve to leverage emerging digital technologies to transform the economy.The Economic Recovery and Growth Plan…
Nigeria To Exit Recession At Slow Growth Of 2.3% –GlobalData
Leading data and Analytics Company GlobalData, has predicted that Nigeria, Africa’s largest economy by GDP, will exit recession in 2021. GlobalData…
Central Bank Of Nigeria: Digital Currency Would Be Critical National Infrastructure
The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a…
Shakeup In NNPC, Senior Management Staff Redeployed, COO Sacked
The Nigerian National Petroleum Corporation on Monday announced the promotion and redeployment of some staff to fill vacant positions, as…
Equities Market Commences Week On Negative Note, Drops By N126.86bn
The Nigerian equities market commenced this week on a bearish note, as investors profit-taking in mid-high capitalised companies down the…
Worry As Insecurity, Uncertainty Trigger N116b Outflow From NGX
…Investors seek initiatives to reverse weak macro-economic scenario With the N116.7b pulled from the nation’s stock market from the month…
China’s Covid Lockdown Could Have Economic Costs To The World, Says Strategist
China has tightened Covid-19 measures to combat an uptick in daily cases — a move that could hold back the…
Canada Reopens Its Border For Vaccinated US Visitors
Canada lifted its prohibition on Americans crossing the border to shop, vacation or visit on Monday while the United States…
Bitcoin’s Rebound To 3-Month High Has Bulls Eyeing $50,000 Again
Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to tax crypto…
U.S. Senate To Vote On Passage Of $1 Trillion Infrastructure Bill
The U.S. Senate has set a Tuesday vote on passage of a $1 trillion bipartisan infrastructure bill that is one…
British Asset Manager Abrdn Reports Surge In Profits
Asset manager abrdn’s (ABDN.L) earnings jumped over 77% in the first half of 2021, its first set of results since a rebranding…
The ‘Buy Now, Pay Later’ Trend Could Be The Next Hidden Source Of Consumer Debt, Analysts Warn
Buy now, pay later” options are becoming increasingly popular, but analysts warn of default risks given the lack of credit…
Japan’s SoftBank Reports 39% Fall In Q1 Net Profit
Japan’s SoftBank Group Corp (9984.T) on Tuesday reported a 39% fall in first-quarter net profit, even as Vision Fund returns were boosted…
Dollar Buoyed As Healthy U.S. Jobs Fuel Fed Taper Talk
The dollar was buoyant on Tuesday, pushing the euro to a four-month low, as a run of strong U.S. job…
Ireland Stares Down Major Changes To Its Tax System
As the OECD’s deadline for finalizing major reforms to the global tax system draws near, the Irish government recently opened…
Oil Recovers After Hitting Three-Week Low Amid Surging COVID-19 Cases
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to…
People who are fully vaccinated against Covid-19 are highly protected against severe infection, hospitalization and death caused by the virus.…
Australian Startup Dovetail Set For Expansion As Valuation Hits $100 Mln
Australian customer analytics startup Dovetail wants to almost triple its staff and open an office in the United States after…
Treasury Yields Little Changed Ahead Of Inflation Data, Infrastructure Vote
United State Treasury yields were little changed early on Tuesday, as investors digested jobs data and comments from Federal Reserve…
Samsung Leader Jay Y. Lee Granted Parole, To Leave Prison On Friday
Samsung Electronics (005930.KS) vice chairman Jay Y. Lee, in jail after convictions for bribery, embezzlement and other charges, has qualified for parole…
S.Korea’s Krafton, Maker Of Hit Game ‘PUBG’, Tumbles On Debut
Shares in Krafton Inc (259960.KS), the Tencent Holdings-backed (0700.HK) South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as…
Apple Says Photos In iCloud Will Be Checked By Child Abuse Detection System
Apple Inc (AAPL.O) on Monday said that iPhone users’ entire photo libraries will be checked for known child abuse images if they…