LVMH Shares Hit Record High After Strong Sales Figures
LVMH’s shares rose to record highs on Wednesday after the world’s biggest luxury goods company posted sales figures that showed…
Year: 2021
KKR-Backed Pizza Platform Slice Raises $40 Million In Latest Funding Round
Slice, an online ordering platform which helps small pizzerias compete with large chains, said on Wednesday it raised $40 million…
Toshiba CEO Steps Down, Shares Surge On Bidding War Expectations
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners…
Oil Maintains Upward Momentum But Virus Concerns Cap Gains
Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook…
Tesco Reports 2 Billion Pounds Profit After ‘Exceptionally Strong’ Sales
Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds…
EasyJet Sees More Flying From Late May
British airline easyJet said it expected to start to fly more from late May onwards, guiding that overall in its…
A $9 Million Boss? UniCredit Investors To Decide How Much Orcel Is Worth
Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue that scuppered…
World Stocks Hit Record High As Bond Yields Ease
Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was…
Buying Diamonds In Lockdown? WhatsApp Can Be Your Best Friend
As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service…
Coinbase Listing Marks Latest Step In Crypto’s March To The Mainstream
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the…
Russia Calls U.S. An Adversary, Warns Its Warships To Avoid Crimea
Russia on Tuesday called the United States an adversary and told U.S. warships to stay well away from Crimea “for…
Tech Stocks Push S&P 500 To Record Close, Buoy Nasdaq
The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off…
OPEC Raises 2021 Oil Demand Growth Forecast On Hope Pandemic Wanes
OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside,…
JPMorgan Downgrades Emerging Market Currencies To ‘Underweight’
Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot from the start of the year…
Black Americans Are Embracing Stocks and Bitcoin to Make Up for Stolen Time
They’ve heard it all before. Set a budget. Avoid high-interest debt. And, oh yes, it sure is smart to get…
Egypt Seizes Suez Ship ‘Ever Given’ Pending $900 Million Compensation
An Egyptian court allowed the ship that blocked the Suez Canal last month to be seized after a request from…
We’ve Lost Dollars To Sell Cement In Nigeria – Dangote
The manufacturer responds to reports its cement cost more in Nigeria than in other African countries. The Dangote Cement Plc.…
CBN to Commence Enrolment of All DFIs, MFBs, PMBs and FCs on the CRMS Platform
As part of the efforts to promote a safe and sound financial system in Nigeria, the CBN introduced the CRMS…
The Chinese Yuan Is Going Completely Digital
Yesterday, I explained how China has moved to a mostly cashless society… and how it’s planning to go completely cashless for…
Qatar To Pump Nigeria’s Economy With $5 Billion Investment: Reports
Qatar is eyeing up plans to invest $5 billion into the African country’s economy, Nigerian media reported on Monday. The Gulf state’s…
Nigerian Exchange Launches New Corporate Identity
Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure in Africa, has launched of its new corporate brand…
CBN To Clamp Down On Bad Debtors To OFIs
The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial institutions…
How Many IMF Reports Does It Take To Dim The Moon’s Lustre?
Time was when the International Monetary Fund (IMF)’s numbers on the domestic economy mattered. “What to make of the recent numbers?”,…
More Asian Countries Thick-Skinned About FX Manipulation Tag
A larger number of Asian countries and economies could join the ranks of those branded currency manipulators by the U.S.…
Dollar Edges Up As Markets Wait For U.S. Inflation Data
The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, but was still near three-week lows…
Cryptocurrency Market Now Worth $2trn
The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts…
Biden Warns ‘No Justification’ For Violent Protest After ‘Tragic’ Police Shooting
US President Joe Biden on Monday called the shooting of a Black motorist by police “tragic” but warned that violent…
HP Seizes 54,000 Nigeria Counterfeit Products, Largest In EMEA
In the past year, the HP Anti-Counterfeiting and Fraud team stopped the potential sale of 54,000 counterfeit toner and ink…
Nosediving Disposable Income, An Underlying Factor In Nigeria’s Housing Deficit —— LBIC MD, Lawal
Mr. Oluwatobi Lawal is the Managing Director/CEO, Lagos Building Investment Company PLC. In this interview with MOSES ADENIYI, he gives perspectives…
Microsoft In Discussions To Buy Nuance Communications: Report
Technology giant Microsoft is in advanced discussions to buy the US group Nuance Communications, which specializes in artificial intelligence, for…