Mercedes-Benz Unveils new flagship EQS electric sedan to take on Tesla
Mercedes-Benz believes its new EQS sedan will redefine the all-electric luxury vehicle segment as it competes against Tesla and a growing number…
Year: 2021
Bank Fines, Suspensions Weighed By Zimbabwe For Currency Gouging
Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the…
The CPI And Forex: How CPI Data Affects Currency Prices
In this article, we’ll explore CPI and forex trading, looking at what traders should know about the Consumer Price Index…
World-Beating Currency Draws Ire Of Mozambique’s Farm Minister
Mozambique’s world-beating currency has left some investors confused after a March terror attack threw its economic prospects into doubt. Now,…
IMF Warns Of A Weaker Economic Recovery In Southeast Asia As Covid Restrictions Linger
The International Monetary Fund downgraded its forecasts for several Southeast Asian economies even as it turned more optimistic about the…
N5.4tr Debt: AMCON Seeks Special Tribunals To Try Debtors
The Asset Management Corporation of Nigeria (AMCON) is seeking the establishment of special tribunals to try those owing it N5.4…
Firm To Raise N20bn Via Lagos Commodities Exchange
Voriancorelli, the first company screened for listing on the Lagos Commodities and Futures Exchange, is seeking to rVise N20bn through…
Oil Price May Hit $70 Per Barrel By Mid 2021
S&P Global Platts has predicted that global oil prices will climb above $70 per barrel around mid-2021 as improved supply…
BDC Operators To CBN: Make Us Pay Agents For Diaspora Remittances
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to make…
Canada Eases Immigration Requirements For Foreign Health Workers
Justin Trudeau’s government announced it will start expediting permanent residency next month for foreign workers on the front lines of…
Oil Edges Lower After Jumping On U.S. Crude Stockpiles Draw
Oil edged lower in Asia after jumping almost 5% on Wednesday as U.S. stockpiles data added to signs the demand…
IMF Endorses Digital Money For Cheaper Remittance, Cross-Border Payments
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has called on governments and individuals to adopt digital…
Nigerian Crude Oil Sold At Deeper Discount, Says OPEC
Amid the availability of large volumes of unsold cargoes in the West African market, three of Nigeria’s major crude oil…
Avoid Reckless Money Printing To Fund Deficits, Experts Warn
Five days after Edo State Governor, Godwin Obaseki, released a bombshell, saying Nigeria was in huge financial trouble after the…
AMCON Seeks Accommodation In BOFIA 2020
The Asset Management Corporation of Nigeria (AMCON) has approached the National Assembly to accommodate it in the provisions of the…
Federal Government Counters Obaseki, Denies Printing N60bn To Augment FAAC
The federal government yesterday faulted a claim by Governor of Edo State, Mr. Godwin Obaseki, that it printed N60 billion…
China’s Central Bank Injects 150 Bln Yuan Through Medium-Term Loans
China’s central bank injected medium-term loans into the banking system on Thursday, while keeping the interest rate unchanged for a…
Russian Rouble Tumbles As Imminent Threat Of U.S. Sanctions Resurfaces
The Russian rouble was down about 1.3% against the dollar after earlier losing 2% on Thursday, giving up gains made…
Inflation Rises To 18.17%
The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to 17.33 per…
Forex Crisis Putting Investments, Jobs At Risk, Says LCCI
The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials, equipment and some…
Growing Concerns As Fluctuating Naira, Unstable Power Supply Scare Investors From Nigeria
Lagos — More foreign investors may dump Nigeria for neighbouring countries in the next couple of months as the harsh…
CANADA FX DEBT-Canadian Dollar Strengthens As Oil Surges Nearly 5%
The Canadian dollar edged higher against its U.S. counterpart on Wednesday as oil, one of Canada’s major exports, rallied and ahead of…
CBN Calls For Improved Corporate Governance In BDCs
ECONOMY The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs) directors to improve on their corporate…
Bureau De Change Firms’ Turnover Hit N1trn Annually
Bureau De Change(BDC) operators are already pulling a turnover of N1 trillion annually, hence, demanding that they should allowed to…
ABCON Urges CBN To Make BDCs Diaspora Remittances Agents
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make…
Why Wall Street Is So Excited About Bank Stocks
For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love…
Senate Confirms Shaba As NASRDA DG
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space Research and…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am…
JPMorgan Profit Leaps After Reserve Release Boost
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest U.S. bank…
Nikola, Iveco & OGE Sign Preliminary Hydrogen Distribution Agreement
Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday they entered a…