Shareholders Disagree With SEC Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
Day: August 23, 2021
As Access Bank Intensifies Fight Against Financial System Fraud
Oluchi Chibuzor writes on efforts by Access Bank Plc to protect customers from the activities of fraudsters In recent times,…
NPA Rakes In N300b From Ship Dues At Lagos Ports
The over $1.8million the agency is generating from the lease of the two hoppers is seen by the senior official,…
Brent Oil Jumps With Stocks After Worst Losing Streak Since 2018
Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years.…
Forex Transactions At Investors, Exporters’ Window Fall 24.56%
Foreign exchange transactions at the Investors’ & Exporters window declined by 24.56 per cent last week, according to FMDQ Securities…
Nigeria To Attract $150bn Investment From $4trn Halal Trade
Organisers of the International Halal Expo, Abuja Chamber of Commerce and Industry (ACCI) have stated that Nigeria is expected to…
Declining Forex Reserves Stokes Naira Depreciation
The naira suffered its weakest performance in recent weeks at the weekend after Nigeria’s foreign exchange (forex) reserves recorded its…
Citigroup Says Short Treasuries But Hedge With Bet Against Yuan
China’s sagging growth outlook helped drive up the U.S. dollar, and fresh signs of deterioration are concerning those who had…
Govt N4.8bn Pledge: FG Can’t Be Trusted, Says NARD, We Negotiated With NMA, Minister Insists
The National Association of Resident Doctors, on Sunday, faulted the N4.8bn which the Federal Government promised to release for the…
Private Equity Firms Circling Sainsbury’s With View To Launch Bids – Sunday Times
Private equity companies are circling British supermarket group Sainsbury’s (SBRY.L) with a view to possibly launching bids of more than 7 billion…
Wall Street Analysts Bet On Robinhood’s Potential To Add Users
Wall Street analysts on Monday took a largely upbeat view on Robinhood Markets Inc in their first ratings on the…
Gold Rises Above $1,800 As Dollar Dips On Doubts Fed Will Taper Soon
Gold vaulted over the key $1,800 psychological level on Monday as a retreat in the dollar pushed investors to bullion…
Pfizer To Buy Cancer Drug Developer Trillium In $2.3 Bln Deal
Pfizer Inc (PFE.N) said on Monday it would buy Canadian drug developer Trillium Therapeutics Inc (TRIL.TO) in a $2.26 billion deal to strengthen its…
Didi Suspends UK Launch Plans Amid China’s Crackdown On Tech Firms -Telegraph
China’s ride-hailing giant Didi Global Inc (DIDI.N) has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on…
IMF’s $650 Bln Reserves Distribution Is ‘Shot In Arm’ For Global Economy- Georgieva
The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a “significant…
China Telecom Jumps 34% On Shanghai Debut, Defying Weak Market
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in…
Finland’s Nokia Wins 5G Order For Three European Markets
Finnish telecom gear maker Nokia (NOKIA.HE) said on Monday it had won a 5G network order from A1 Telekom Austria Group for…
Ethiopia To Build Local Rival To Facebook, Other Platforms
Ethiopia has begun developing its own social media platform to rival Facebook (FB.O), Twitter (TWTR.N) and WhatsApp, though it does not plan to…
Bitcoin Price Rises Past $50,000, Rebound Slows
Bitcoin’s price surged past $50,000 on Monday for the first time since May, although its rebound from a months-long slump…
S&P 500, Nasdaq Scale New Peaks On Tech, Oil Boost
Energy and technology stocks powered the S&P 500 and the Nasdaq to record highs on Monday as investors returned to…
Shareholder Payouts To Hit $1.4 Trillion in 2021, Nearing Pre-Pandemic Levels, Research Shows
Company payouts to shareholders are projected to hit $1.39 trillion in 2021, just 3% below their pre-pandemic peak, according to…
Millennials And GenZs Are Driving The Adoption And Penetration Of Digital Banking In Nigeria
The banking world has gone through exciting transitions—from the days of taking tallies and manual filings to modest computerizations, automation,…
Elon Musk Says Tesla’s Robot Will Make Physical Work A ‘Choice’
After dominating the electric vehicle market and throwing his hat into the billionaire space race, Tesla boss Elon Musk announced…
Octopus Ventures Leads Investors Backing Pngme’s Series A
Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major…
Nigeria: External Reserves Lose Momentum After July Rally
Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four…
Nigeria: Federal Government To Partner Stockbrokers For Double Digit Economic Growth
The Federal Government also reiterated its resolve to put an end to insecurity which has significantly dampened both foreign and…
Nigeria: International VCs and family offices back Alerzo’s Series A
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact,…
Nigeria: Fuel Price Remains Until FG, Labour End Negotiations
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the…
Treasury Yields Start The Week Higher With Key Fed Policy Event In Focus
U.S. Treasury yields rose on Monday morning, with investors focusing on the Federal Reserve’s annual central banking event, due to…
IFC Provides Financing For Ghanaian Radiology Firm
International Finance Corporation is providing financing to support the construction of new medical diagnostic facilities in Ghana’s capital, Accra. A…