Firm Begins Construction Of 350 Housing Units
Brains and Hammers Limited, a real estate company, has commenced the construction of 350 units of four-bedroom terraces as part…
Year: 2021
Insurance Of The future’ll Be Digital, Says Leadway
Insurance companies that want to remain relevant in the nearest future must consciously create digital channels that are customer friendly,…
China NDRC Approves 16 Fixed-Asset Investment Projects Worth $6.96 bln In Q1
China’s state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4 billion yuan…
Dollar Pinned Near One-Month Low Amid Subdued U.S. Yields
The dollar was pinned near a one-month low to major peers on Monday, with Treasury yields hovering near the lowest…
Goldman Sachs Invests $69 Million In Britain’s Starling Bank
British digital bank Starling said on Monday that Goldman Sachs (GS.N) had invested 50 million pounds ($69 million) in the UK lender.…
ABN Amro To Settle Money Laundering Probe For $574 mln
Dutch bank ABN Amro on Monday said it had reached a 480-million-euro ($574 million) settlement with prosecutors in the Netherlands over…
Microsoft To Invest $1 bln In Malaysia To Set Up Data Centres – Malaysian PM
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with…
Credit Suisse Serves Investors Thin Gruel As Wall Street Feasts On Deals
While Wall Street rivals feast off a boom in trading and deals, Credit Suisse is stuck in limbo. The collapse…
ESR, GIC To Buy Australian Logistics Property Portfolio From Blackstone For $2.9 bln
Logistics real estate manager ESR Cayman Limited (1821.HK) said it will join with Singaporean sovereign wealth fund GIC to buy an Australian…
Make Us Pay Agents For Diaspora Remittances – BDC Operators Tell Central Bank Of Nigeria
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make…
Zamfara Govt Expends N2.9bn On Ramadan Welfare – Commissioner
The Zamfara Government says it spent the sum of N2.9 billion on the purchase of essential commodities for distribution to…
Experts Fault CBN Gov, NESG Says N60bn Printing Not Sustainable
A former Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, and a professor of Political Economy, Pat…
Trade Advisors Pledge French Investment In Lagos Free Zone
The Conseillers du Commerce Exterieur (French Foreign Trade Advisors) has expressed readiness to invest massively in the Lagos Free Zone…
Senate Queries FMBN Over N14bn Payment On Legacy Estate
The Senate Public Accounts Committee has sustained the query issued to the Federal Mortgage Bank of Nigeria by the Auditor…
Minister To Inspect Jabi Mall Solar Project
The Minister of State for Power, Goddy Jedy-Agba, is scheduled to visit the Jabi Lake Mall Solar Hybrid project in…
ARCON, Partners To Raise Architectural Standard
The Architects Registration Council of Nigeria has said it is working with other bodies to raise architectural standard in the…
Federal Government Recorded N485.51bn Fiscal Deficit In January – Central Bank Of Nigeria
The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. According…
India May Build New Coal Plants Due To Low Cost Despite Climate Change
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document…
Investor Group Calls For Banks To Set Tougher Climate Targets
A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of…
Coinbase Chief Executive Armstrong Sold $291.8 Million In Shares On Opening Day
Coinbase Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency exchange’s first day of trading…
The ‘Metaverse’ Bet: Crypto-Rich Investors Snap Up Virtual Real Estate
What do you do with a $69 million artwork that doesn’t physically exist? That’s the question faced by the Singapore-based…
Clubhouse Closes New Round Of Funding That Would Value App At $4 Billion
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on…
Fed’s Waller Says U.S. Economy ‘Ready To Rip’ But Inflation Will Level Off
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging…
GM, LG Energy Solution To Build 2nd U.S. Battery Plant In Tennessee
General Motors Co (GM.N) and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second U.S. battery…
Morgan Stanley Reveals $911 Million Archegos Loss As Profit Jumps
Morgan Stanley (MS.N) lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said on Friday, muddying…
S&P 500, Dow Hit Record Highs On Bank Earnings Boost
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports…
Bitcoin Price Drops After Turkey Bans Cryptocurrency Payments
The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey’s central bank to ban…
SEC, CBN In Talks On Crypto Market Regulation
The Securities and Exchange Commission has said it is in discussion with the Central Bank of Nigeria on how to…
Euro Zone Yields Rise As U.S. Treasury Yields Jump Back After Rally
Euro zone bond yields rose on Friday, following an overnight jump in U.S. Treasury yields after a hefty rally a…
Forex Scarcity Cripples Local Airlines, Spike Airfares
The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity…