EU To Discuss Reimposing Covid-Related Travel Curbs On U.S.
The European Union will discuss on Thursday whether to reintroduce travel restrictions on visitors from the U.S. as new coronavirus…
Month: August 2021
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…
Turnover In FMDQ Exchange Drops 56% YoY As Investors Pull N29trn In T-Bills
Investment activities in the Fixed Income and Currencies (FIC) markets suffered a setback to the tune of about N26.97 trillion…
New IMF Allocation’ll Boost Nigeria, Others’ Reserves – AfDB
The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary Fund’s Special Drawing Rights allocation of…
NIPOST To Clamp Down On Unlicensed Courier, Logistics Operators
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST) is set to clamp down on illegal…
Why Fed’s Powell Still Thinks High Inflation Is ‘Temporary’
Federal Reserve Chair Jerome Powell on Friday pushed back against concerns that swiftly rising prices could become an enduring feature…
CBN Drafts Guidelines To Nigerian Banks On E-Naira
The CBN recently sent a presentation to Nigerian banks about the eNaira project, revealing more details about its design and…
Italy Drops Quarantine Rules For Fully Vaccinated Britons
Italy will drop its requirement for fully vaccinated Britons to quarantine from next week. UK travellers who have been double…
Diaspora Remittances Hit $34bn As Nigerian Migrant Workers Top List
The Naira4Dollar policy of the Central Bank of Nigeria (CBN) may have begun to yield dividends as remittances from Nigerians…
Zero-Commission Fight Reaches Canada As National Bank Ends Fees
The move to commission-free trading that’s swept through U.S. discount brokerages over the past two years may finally be making…
FG Yet To Recover N5.15tn Debt, Says Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, indicated on Friday that the Federal Government had not…
FG Loses N5 Trillion To Open Ended Import Waivers, Says Minister
The Federal Government has lost over N5 trillion to open – ended import duty waivers granted to companies and manufacturers…
Oil Heads For Biggest Weekly Gains In Over A Year Ahead Of Storm Ida
Oil prices rose more than 2% on Friday and were on track for their biggest weekly gains in over a…
$2bn Tax Remittance: MTN Nigeria Complying With Payment Plan, Says Zainab Ahmed
Zainab Ahmed, minister of finance, budget and national planning, says MTN Nigeria has a payment plan with the Federal Inland…
Following Complaints, Microsoft Will Make Windows 11 Compatible With More PC Chips
Microsoft said Friday it will allow a wider variety of PC chips to run Windows 11, the next-generation desktop operating…
Chicago Sues DoorDash, Grubhub For Allegedly Deceiving Customers
The City of Chicago filed two sweeping lawsuits against DoorDash and Grubhub for allegedly deceiving customers and using unfair business…
Astra Stock Drops After Cutting Short Rocket Launch, With Next Attempt Expected In The Coming Days
Astra Space cut short its first launch attempt since the company went public, with the rocket’s engines firing for a…
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…
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…