Nigeria CEOs Among Best Paid In Sub-Saharan Africa, PwC Says
Chief executives of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, according to a new report by PwC. The median…
Month: August 2021
The New Forex Ban And Its Short Term Market Reaction
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This announcement was made by…
Nigeria’s Financial System Sound, Stable, Resilient – CBN Governor
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money…
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2%…
Yuan Inches Up, Market Awaits Policy Guidance At Home And Abroad
China’s yuan inched up against the dollar on Thursday, although trade was thin as market participants awaited global policy indications…
DMO Unveils Transaction Advisers For N2.343 Trillion External Borrowing
The Debt Management Office (DMO) on Wednesday revealed that the Federal Executive Council has approved transaction advisers for the issuance…
Dollar Holds Gains After Hawkish Fed Comments
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal Reserve led…
FG Considers Blueprint To Reposition Free Trade Zones
Trade Zones – PUNCH AUGUST 05, 2021 BY Amarachi Orjiude The Federal Government has called on stakeholders in the private…
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Tech’s Pandemic Boom Is Coming To An End
The Covid boom times are coming to an end for tech companies. After reporting eye-popping growth throughout 2020 as more…
Iran’s Hardline Cleric Ebrahim Raisi Sworn In As President Amid Slew Of Tensions
Iranian cleric Ebrahim Raisi has been sworn in as the Islamic Republic’s new president against the backdrop of challenging negotiations…
Dr Anthony Fauci Warns More Severe Covid Variant Could Emerge As United State Cases Near 100,000
White House chief medical advisor Dr. Anthony Fauci has warned that a more severe Covid variant could emerge as the…
Biden To Aim For 50% EVs By 2030 With Industry Support
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold…
Target To Pay 100% Of College Tuition And Textbooks In Bid To Attract Workers
Target said Wednesday it will offer new perks to woo workers: a debt-free way to get a college degree and…
Stock Futures Rebound As Investors Await More Jobs Data
Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve…
Jobless Filings match estimates while continuing claims tumble below 3 millio
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, the Labor Department reported Thursday. First-time filings…
States Are Implementing New Educational Standards, Signaling The End Of Common Core
America is preparing for a return to school this fall semester, but curriculums might seem a bit different than they…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment benefits, while…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some…
Tesla Chair Denholm Sells Shares Worth More Than $22 Mln
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options,…
Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair and others
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and saying its Covid-19…
Sterling Steady Above $1.39 Before Bank Of England Meeting
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over the outlook for…
Robinhood Retreats After Monster Rally This Week As Sockholders File To Sell 97.9 Million Shares
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The…
Huawei Cloud Ranked World’s 5th Largest LaaS Provider
Huawei Cloud IaaS revenue surged by 202.8 per cent, placing it in the top five list of cloud IaaS providers…
Google’s New Policy Allows Crypto Ads To Be Run Again
Following the enforcement of Google’s new policy set out in its financial products and services section on Aug. 3, the company…
Koo, India’s Microblogging Platform Begins Move To Register In Nigeria
Indian microblogging app, Koo, has disclosed plan to formally register in Nigeria. The app became popular in June when the…
Twitter ban: Nigerians Lose N150.46bn In Two Months
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on…
Federal Executive Council Approves $11.174bn For Construction Of Lagos-Calabar Coastal Rail
The Federal Executive Council (FEC) has approved $11.174 billion for the construction of a standard-gauge coastal railway from Lagos to…
Privatization: Nigeria Aims To Put 36 State Assets In Private Hands
The Bureau of Public Enterprises (BPE), Nigeria’s privatisation agency, intends to sell 36 state-owned assets in 2021. This is according…
Nigeria’s Foreign Reserve Rises By $79.1 Million In July 2021
Nigeria’s foreign reserve closed the month of July 2021 at $33.4 billion, appreciating marginally by $79.1 million compared to $33.32…