France Ready To Market Nigeria Back Home-Ambassador
The France Ambassador to Nigeria, Jerome Pasquire, has said his country is fully committed to not only supporting the Nigeria…
Day: August 27, 2021
Dollar, Euro, Sterling Await Powell’s Jackson Hole Speech
The dollar, euro and sterling steadied on Friday as investors waited for a highly anticipated speech by Federal Reserve Chair…
Oil Sector’s Contribution To Nigeria’s GDP In Q2 2021 Wanes
On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) grew by 5.01 per cent in…
PIA To Strengthen Naira, Reduce Budget Deficit-PwC
PwC Nigeria said the 2021 Petroleum Industry Act (PIA) will facilitate Nigeria’s economic development by attracting and creating investment opportunities…
NNPC Declares N287bn After Tax Profit In 2020 – Buhari
President Muhammadu Buhari on Thursday disclosed that the Nigerian National Petroleum Corporation (NNPC), for the first time in its 44…
Pound Hits Over 1-Week High As Powell Comments Knock Dollar
Britain’s pound jumped half a percent to the dollar to more than a week’s high on Friday and was set…
Keeping Monetary Policy Loose Can Help Labor Reallocation -Paper
Global central banks could do well to keep interest rates low for as long as possible in order to provide…
South Africa’s Massmart To Dispose 14 Game Stores In Nigeria, Ghana, Others
Massmart is disposing of all its general merchandise Game stores in West and East Africa as the Walmart majority-owned retailer…
Global Bond Funds Sees Big Inflows – Lipper
Global bond markets saw their fifth consecutive week of inflows through Aug. 25, as investors grew cautious ahead of the…
Wall Street Rises As Powell Gives No Signal On Taper
Wall Street’s main indexes extended gains on Friday as Federal Reserve Chair Jerome Powell signaled the U.S. central bank will…
China Swoops On Algorithms In Latest Tech Clampdown
China is seeking to tighten oversight of the algorithms technology companies use to drive their business, issuing far-reaching draft rules…
Tianjin Asks Govt Firms To Move Data Out Of Alibaba, Tencent Clouds-Document
The Chinese city of Tianjin has asked municipally controlled companies to migrate their data from private sector operators like Alibaba…
Fed is Stoking Another Real Estate Price Bubble That Will Wipe Out Home Equity, Investor Peter Boockvar Warns
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic…
China’s iQiyi Halts ‘Idol Competition’ Programs Amid Criticism
Chinese video streaming platform iQiyi (IQ.O) said on Thursday it would stop showing all “idol competition” programs, calling them unhealthy amid a…
Stocks Making The Biggest Moves Premarket: Big Lots, Hibbett Sports, Peloton, Gap And Others
Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates…
Investments In 4G Drops 7 Percent As NCC Assures Of 5G Deployment
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union…
Microsoft Wins U.S Patent For Crypto Token Creation
American tech giant Microsoft has been awarded a U.S patent for techniques, for implementing a cross-chain token management system, to…
Nigeria: FG to Pay Arrears of Minimum Wage To Varsity Staff October
The federal government has given an undertaken to clear the arrears of the consequential adjustment on the new minimum wage…
Nigeria: Elevated CRR Level Moderated Banking Industry’s Performance, Liquidity Position In FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for…
Game Developer Nexters Debuts On Nasdaq With Help Of Kismet
Video game developer Nexters and a Russian special purpose acquisition company (SPAC) Kismet (KSMT.O) have completed their business combination to start trading…
Nigeria:CIBN Canvasses Tax Expansion To Improve Revenue
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State chapter has suggested the restructuring of existing systems for tax…
Nigeria’s GDP Grows Further By 5.01% In Q2 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three…
Nigeria: Troubles Ahead, Experts Warn As Debt Servicing Gulps 91% Of Revenue
The Federal Government spent N2.02tn on debt servicing in the first six months of this year. This figure represents 90.58…
Nigeria: NNPC Records N287bn As 2020 PAT
President Muhammadu Buhari, has announced a N287 billion profit after tax for the Nigerian National Petroleum Corporation (NNPC) in the…
Nigeria:Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat…
As China Tightens Data Rules, Xpeng Says It’s On The ‘Right Side’ Of Regulation
Xpeng’s president says the Chinese electric vehicle maker is on the “right side of the regulation,” as Chinese authorities tighten…
In Major Policy Change, Apple Will Allow Developers To Email Customers About Alternatives To App Store Billing
Apple will allow app developers to email their users about non-Apple purchase options, in a major change to App Store policies.…
Education Department Will Cancel Student Debt For 115,000 Borrowers
The U.S. Department of Education announced Thursday it will cancel $1.1 billion in student debt for 115,000 borrowers. The relief will go…
This 12-year-old Coder Is Set To Earn Over $400,000 After About 2 Months Selling NFTs
Benyamin Ahmed isn’t your average 12-year-old. When he’s not at school, he enjoys swimming, taekwondo — and learning how to…