The Chinese Digital Currency Is Moving Forward – Will The US Follow?
As far as early adopters go, the People’s Bank of China (PBOC) has become the…
Year: 2021
CBN-Directed Board Changes At First Bank Of Nigeria And FBN Holdings Plc Address Governance Issues
S&P Global Ratings said that changes to the boards of First Bank of Nigeria Ltd.…
NSIA Assets Grow By N193b As Investment In Foreign Assets Appreciates
The Nigeria Sovereign Investment Authority (NSIA), yesterday, hinted that its net assets grew by N193.21billion…
Yuan Eases As FX Demand For Dividend Payments Kicks In
“The PBOC’s Q1 monetary policy report suggests that the central bank is not worried about…
Euro Zone To Rebound More Strongly, Borrowing Curbs To Stay On Hold -EU
The euro zone economy will rebound from its COVID-19 slump more strongly than previously thought…
Currencies Tumble As Stocks Erase Gains
What started off as a strong day for risk appetite turned into losses for currencies…
FG Action On Nigerian Traders In Ghana Excites MATAN
The Market Traders Association of Nigeria (MATAN) has expressed delight on steps taken by the…
Glo Begins Reactivation Of SIM Cards
Globacom on Tuesday announced the recommencement of SIM card activation at its service outlets across…
$153 Million, 80 Houses Recovered From Diezani —EFCC Boss
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has disclosed that the…
Nigeria’s Diaspora Remittances To Hit $22bn – Report
Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by…
Forex-Commodity Currencies Hold Advantage As Dollar Waits For Inflation And Fed
The dollar nursed losses against the currencies of major commodity exporters which enjoyed support from…
CBN: Manufacturing Sector Vital To Economy
THE manufacturing sector plays an important role in the country’s economy and will continue to do…
Pipeline Outage Causes U.S. Gasoline Supply Crunch, Panic Buying
Gas stations from Florida to Virginia began running dry and prices at the pump rose…
DPR Pledges To Complete First Floating LNG Production Plant
The Department of Petroleum Resources (DPR) has pledged support to the completion of Nigeria’s first…
CBN Action Won’t Affect FBN Holdings Asset Quality, Profitability—Fitch
Fitch Ratings has disclosed that the removal of the non-executive board members of FBN Holdings…
Stock Market Reopens Upbeat As Capitalisation Rises By N60 Billion
Following gains recorded by most blue chip stocks, the Nigerian Exchange Limited (NGX) reopened in…
Pound Up Against Dollar And Euro Amid Hopes For Strong UK Recovery
Analysts say SNP’s failure to achieve overall majority in Scottish elections also a factor in…
Pound Rallies Over $1.41 To Highest Since February
The pound has surged on the foreign exchange markets today, thanks to a cocktail of…
Nigerian Mid-Crop Cocoa Output Seen Rising – Cocoa Association
Nigeria’s mid-crop cocoa output is expected to rise following higher than expected rainfall which hashelped…
Gas Flaring Declined In 2020, Study Finds
LAGOS, Nigeria — Gas flaring worldwide decreased by 5 percent in the pandemic year, mostly…
Nigeria’s Mutual Funds Rose To N1.6tn In 2020 – Coronation Asset
Funds reporting needs to be harmonised as Nigeria’s mutual funds rose to N1.6tn as of…
Pipeline Outage forces airlines to find other ways of getting fuel
The cyberattack that forced the shutdown of the country’s largest refined fuel-products pipeline over the weekend has…
‘It’s a big deal’ for America’s push to reopen, says NIH Director on Pfizer vaccine approval for adolescents
National Institutes of Health Director Dr. Francis Collins described the Food and Drug Administration’s emergency use…
Cloud stocks plunge to six-month low as investors hasten rotation out of recent top performers
The rotation out of tech stocks continues to hammer cloud companies the hardest, as investors…
Citi downgrades Facebook and Google, says ad market expectations are too bullish
The growth trajectory for the online advertising market doesn’t appear to be strong enough to…
Shares of The Trade Desk close down 26% after company reports earnings and upcoming stock split
Shares of ad tech company The Trade Desk closed down nearly 26% on Monday after the company reported…
NTSB releases preliminary report on fatal Tesla crash in Spring, Texas
The National Transportation Safety Board, a federal agency that investigates accidents, has released records from…
Goldman says these are the biggest threats to the dominant 5 tech stocks
The so-called FAAMG stocks — Facebook, Apple, Amazon, Microsoft, and Google-parent Alphabet — have evolved into dominant juggernauts in the market,…
These cybersecurity stocks could benefit from the Colonial pipeline attack, says Goldman
The cyberattack that knocked a key U.S. gas pipeline offline should be another positive for the stocks…
More than 40 attorneys general ask Facebook to abandon plans to build Instagram for kids
Attorneys general from 44 states and territories urged Facebook to abandon its plans to create an Instagram…