Northern Nigerian States Limit Residents’ Movements Over Attacks
Four northern Nigerian states introduced restrictions on movement to curb attacks that have disrupted economic activities and displaced thousands of…
Day: September 2, 2021
Oil Drops After OPEC+ Alliance Agrees To Return More Barrels
Oil declined after OPEC+ stuck with a plan to boost crude production, with the cartel wagering that the global market…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December…
Central Bank Digital Currencies To Be Tested In BIS Experiment
The Bank for International Settlements will test the use of central bank digital currencies with Australia, Malaysia, Singapore and South…
Emerging Markets-Peso, Baht Lead Asia FX Declines, Indian Rupee Gains Ahead Of U.S. Jobs Data
Asian currencies were largely mixed on Thursday, with the Philippine peso and the Thai baht leading declines as rising coronavirus…
Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment
The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in…
Sterling Driven Higher By Dollar Weakness, Still Stuck Below $1.38
Sterling edged higher on Thursday, driven by dollar weakness after disappointing U.S. labour data, while traders waited for the fuller…
Foreign Investors Renewing Confidence In Economy, Says Adebayo
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo yesterday said the economy was coming back strongly adding that…
Naira Trades At N528/$1 In Streets Despite Oil Price Uptick Ahead OPEC+ Meeting
The Nigerian Naira has slumped to an all-time low of N528 to the dollar in street trading as pressure continues…
OPEC+ Sticks With Planned Supply Hike As Oil Demand Improves
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video…
France Fines U.S. Bank JP Morgan $29.6 Mln In Tax Fraud Settlement
U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in a settlement of a tax…
U.S. Weekly Jobless Claims Fall; Layoffs At 24-Year Low
The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level…
President Xi Says China To Set Up Stock Exchange In Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital,…
WhatsApp faces $267M Fine For Breaching Europe’s GDPR
It’s been a long time coming but Facebook is finally feeling some heat from Europe’s much trumpeted data protection regime:…
South Africa:Telkom’s Openserve Unit to Terminate DSL Services From 1 October
Telkom South Africa’s Openserve wholesale unit has informed its ISP partners of its plan to cease offering copper-based services from…
Nigerian Communications Commission (NCC) To Hold Public Inquiries On Three Draft Regulations
The Nigerian Communications Commission (NCC) will hold a public inquiry on three draft regulations and guidelines concerning the country’s telecoms…
Central Bank Of Nigeria Clarifies Reports of Non-Remittance of 80% surpluses into Consolidated Revenue Fund
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational…
Banning Fossil Fuel Investments Will Hurt Nigeria
The Vice-President, Prof. Yemi Osinbajo, has said the banning or restriction by a growing number of wealthy nations of public…
NAICOM Stops Manual Processes For Insurance Companies
The National Insurance Commission has issued a directive to transit from manual to online processing and all operational activities including…
China Bans Reality Talent Shows
China banned reality talent programmes Thursday and ordered broadcasters to promote more masculine representations of men, in a wide-ranging crackdown…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December…
Stock Futures Are Muted as September Gets Off To a Slow Start
U.S. stock futures were little changed early Thursday morning after the S&P 500 finished the first trading session of the…
Nio And Xpeng Deliveries Fall in August As Chip Shortage Hits China’s Electric Carmakers
Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle…
European Markets Lackluster As Markets Gear Up For U.S. Jobs Data; Swedish Orphan Biovitrum Up 24%
European stocks edged higher on Thursday morning as investors geared up for the next reading of U.S. nonfarm payrolls which…
European Central Bank To Announce Tapering In December, Analysts Say
The European Central Bank will announce the reduction of its Covid-related stimulus in December, four analysts told CNBC amid an…
S&P 500 Closes Flat On First Day Of September, Nasdaq Ekes Out A Record Close
The S&P 500 closed the first trading day of September near the flatline as the strength in technology shares faded,…
Private Payrolls Increase By Just 374,000 in August, Far Short Of The 600,000 Estimate, ADP Says
U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according…
Shares In Asia-Pacific Mixed; Australia Records Higher-Than-Expected Trade Surplus In July
Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus in July. The S&P/ASX 200…
Apple Will Let Some Apps Guide Users To Websites To Make Payments, Bypassing Apple’s Cut
Apple on Wednesday said that some apps will be allowed to provide a link to their websites to prompt users…
Chinese Regulators Summon 11 Ride-Hailing Firms, Including Didi, Over ‘Illegal Behavior’
Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior. The Ministry of Transport, along…