Buhari Sign New Law To Overhaul Oil Industry
Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude…
Month: August 2021
Malaysia Gets A New Prime Minister — The Country’s Third In 3 Years
Malaysia’s King Al-Sultan Abdullah has named Ismail Sabri Yaakob as the new prime minister, the palace said in a Friday…
Petroleum Industry Act (PIA): Clarify 3% Host Community Allocation, Lagos Chamber of Commerce and Industry (LCCI) tells FG
The Lagos Chamber of Commerce and Industry has urged the Federal Government to create more understanding about the three per…
Chinese Regulators Meet With Developer Evergrande As Scrutiny On Real Estate Grows
Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a rare meeting with executives Thursday.…
Financial, Regulatory Stability Key to Financial Inclusion Growth, Say Experts
Experts in the financial inclusion ecosystem have highlighted the importance of financial and regulatory stability among financial regulators, FinTech developers…
India’s Ride-Hailing Firm Ola Set To Go Public ‘Sometime Next Year,’ CEO says
India’s ride-hailing firm Ola has plans to go public next year — but, a final date for the initial public…
Federal Government Raised N669billion From Capital Market Via SUKUK Bonds
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the Federal Government raised about N669billion from the Nigerian…
Securities and Exchange Commission (SEC) Woos Investors To Nigerian Commodities Exchange (NCX Via De-risked AAssets
The Securities and Exchange Commission (SEC) has announced plans to partner with the National Insurance Commission (NAICOM) to de-risk certain…
Stock Market Hits Four-Month High, Investors Gain N65billion
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per…
Warren Buffett Says These Businesses Do The Best During Periods Of High Inflation
From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price…
Education Department Will Cancel Student Debt For More Than 320,000 Borrowers
The U.S. Department of Education announced Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers. The debt…
Explainer: Binance: The Crypto Giant Facing Pressure From Regulators
Financial regulators across the world have targeted major cryptocurrency exchange Binance. Some have banned the platform from certain activities, while…
U.S. Department Stores Get Sales Boost From Back-To-School Wardrobe Refresh
U.S. department store chains Macy’s Inc (M.N) and Kohl’s Corp (KSS.N) are leaning on a strong back-to-school season to sustain a sales recovery fueled…
SoftBank Sells 11.4 Million Shares Of DoorDash – Source
SoftBank Group Corp (9984.T) sold 11.4 million shares of food delivery company DoorDash Inc (DASH.N), marketed via Goldman Sachs Group Inc (GS.N), a source…
UAE Bars Nigeria, S’Africa, Others From Visa-On-Arrival List
The United Arab Emirates (UAE) has approved visa-on-arrival for passport holders from 70 countries except Nigeria, South Africa, Ghana and…
Euro’s Rapid Decline Puts ‘Line In The Sand’ In Sight For Bulls
The euro is on the cusp of breaking new lows against major global peers, weighed down by the prospect of…
Digital Yuan Gives Banks An Edge In Payments, Moody’s Says
China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology…
Fed Minutes Lift Dollar To A 9-Month High As Stock Mkts Swoon
The dollar index, which measures the U.S. currency’s performance against six rivals, extended gains in early London trading to rise…
Pound Plumbs Month’s Low As Stock Rout Hits Risk Currencies
Sterling hit its lowest in a month against the dollar on Thursday as a pull-back in global stock markets saw…
China’s Yuan Eases, But Basket Index Rises To 5-1/2-Year High
The Chinese yuan eased to a three-week low against a firmer dollar on Thursday, while its value against the currencies…
Gold Falls As Fed Minutes Boost U.S. Dollar
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed that its officials were…
EXCLUSIVE Facebook Selects Local Journalists Paid In $5 Million Newsletter Recruitment Push
Facebook Inc (FB.O) has chosen 25 local independent journalists to be paid out of a $5 million pot to write for its…
Goldman Sachs Economists Cut Q3 Growth Forecast For U.S.
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from 9% due…
Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back its stimulus…
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus,…
Sports Tech Firm Sportradar Renews Deal With FanDuel After Announcing $100 Million IPO
First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting…
Oil Falls For A Sixth Straight Day, Sinks To The Lowest Level Since May On Fears Of Slowing Growth
Oil dropped for a sixth-straight session on Thursday, falling to the lowest level since May as demand fears and comments…
Maersk Inks Deal To Secure Supply Of ‘Green’ e-methanol For Vessel, Targets 2023 Launch
Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel…
Jobless Claims Hit New Pandemic-era Low In A Sign Of Hope For The Employment Picture
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving…
Naira Weakens Further To 517 Against Dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent…