More Worries Over Rising Inflation Amid Static Household Incomes
Nigerians have been struggling with some unpleasant news lately, especially from the National Bureau of Statistics. Many were however not…
Year: 2021
Why Banks Need To Pay Attention To Where A Digital Euro Is Heading
The European Central Bank makes clear that the development of its “digital euro” will take several years. Yet given the…
Media Portrayal Of Nigeria Led Twitter To Choose Ghana For Africa Office -Minister
Twitter Inc (TWTR.N) failed to choose Nigeria for its first African office because the media misrepresents the country, its information minister said…
Inflationary Pressures To Feed Expectations For Further Yield Increases
According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation rose for the 19th consecutive month to 18.17% YoY…
Buhari Returns From Medical Trip, Expresses Confidence In Service Chiefs
Abuja — President Muhammadu Buhari yesterday returned to Nigeria after a 17-day medical trip to London, the United Kingdom. Buhari…
Qatar May Allow Foreigners To Fully Own Listed Companies
Qatar may allow foreign investors to fully own listed companies, in a move that could trigger more than $1 billion…
Naira Stable At Official, Parallel Markets
Nigeria’s naira gained marginally against the U.S. dollar at the I&E window of the foreign exchange market on Wednesday, data…
Federal Government May Earn N30bn From Cargo Transfer To Onitsha Port, Others
The federal government may have struck gold with the plan movement of cargo from Lagos ports to inland ports across…
Central Bank Of Nigeria Mulls Forex Ban On Sugar, Wheat Importation
The Central Bank of Nigeria (CBN) says it is planning to include sugar and wheat on the list of import…
Federal Government Supporting Private Developers To Provide Electricity – Osinbajo
The Federal Government is currently supporting private developers to provide electricity through solar energy, the Vice President, Prof. Yemi Osinbajo,…
Govt Begins Commercialisation Of Federal Mortgage Bank
The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of the Federal Mortgage…
Over 43 Oil, Gas Cases Waiting To Be Resolved – DPR
The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and gas industry are waiting to…
Kwara Distributes Facilities To Prevent Bird Flu
The Kwara State Government has distributed biosecurity materials to Poultry Farmers in the State. The equipment, which comprised disinfectants, motorised…
Experts Blame Insecurity, Low Production, Forex As Inflation Hits 18.17%
Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting…
Printed N60bn: Central Bank Nigeria Faults Obaseki, Governor Maintains Stand
The Edo State Governor, Mr Godwin Obaseki, has urged the Federal Government to take urgent steps to end the current…
Controversial Payment: RCCG Petitioner Apologises As Fashola Faces Senate
The Minister of Works and Housing, Mr Babatunde Fashola, on Thursday, explained how his Ministry paid N151m to the Cartil…
Nine Power Plants Shut, Federal Government Apologises For Outages
The Federal Government on Thursday said nine power plants were currently shut down, as this was why power outages had…
Dollar Heads For Second weekly Loss On Fed’s Lower-For-Longer Stance
The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors…
Hong Kong Tycoon Jimmy Lai, Others To Be Sentenced For Illegal Assembly
Hong Kong media tycoon Jimmy Lai and nine other pro-democracy activists are expected to be sentenced on Friday after they…
City Of London Brexit Hit Worse Than Expected, Says Study
Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to…
ARK buys $110m Coinbase Shares, Adding To Positions
Celebrity stockpicker Cathie Woods’ ARK funds bought more shares of Coinbase (COIN.O) worth $110 million a day after the cryptocurrency exchange’s…
Investor Einhorn Says Palihapitiya, Musk Poured ‘Jet Fuel’ On GameStop
Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur Elon Musk threw “jet fuel” on…
Hyundai Motor Group Names New Chief For Mobility Division
Hyundai Motor Group said on Friday it has formed a new mobility division to launch more service models and named…
World Stocks Near Record Highs As China, U.S. Data Back Global Recovery Hopes Hideyuki Sano
Global stocks stood near record highs on Friday after strong U.S. and Chinese economic data cemented expectations of a solid…
Google Earth can now show you how much the planet has changed in 37 years
Google Earth received its first big update since 2017 on Thursday. The highlight is a new time-lapse feature that lets you…
Jeff Bezos says Amazon needs to do a better job for employees in his final shareholder letter as CEO
In his final letter to shareholders, Amazon CEO Jeff Bezos on Thursday laid out a broad vision for the future of the…
Mobile gaming company AppLovin starts trading at $70, giving it a market cap of about $24 billion
Mobile gaming company AppLovin began trading Thursday at $70 per share. The nine-year-old company, which has a portfolio of mobile games and…
Apple could stop making new iPhone Mini models by 2022, top analyst says
Apple’s 2022 iPhones could come in four different models with significantly improved cameras, TFI analyst Ming-Chi Kuo said in a…
Coinbase stock whipsaws after landmark Nasdaq debut
Coinbase shares whipsawed Thursday morning, a day after the cryptocurrency exchange went public in a blockbuster direct listing. The firm’s stock price…
Pfizer CEO says third Covid vaccine dose likely needed within 12 months
Pfizer CEO Albert Bourla said people will “likely” need a booster dose of a Covid-19 vaccine within 12 months of getting…