Nigeria May Demand For Increased Crude Production From OPEC+ In March
Nigeria may demand increased daily crude oil production from OPEC+ in March when the restriction placed on the country’s production…
Year: 2021
G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD
Based on our short-term fair value model, EUR, JPY, NZD and AUD are all undervalued vs USD by more than…
Experts Caution Federal Government, Central Bank Of Nigeria As Inflation Hits 16.47%
As Nigeria’s headline inflation jumps to 16.47 per cent from 15.75 per cent, economic experts have implored the federal government…
Africa Leads Global Mobile Money Growth With 46 Percent
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the…
Wealthy, Efficient Dutch Play Catch-Up In Vaccine Roll-Out
Despite its wealth and reputation for efficiency, the Netherlands trails in the European Union vaccination rankings, its roll-out hampered by…
Nigeria’s Debt To Balloon Beyond N49trn On Conversion Of Central Bank Of Nigeria N10trn Borrowing
Nigeria has set the terms for the conversion of its stock of central bank overdrafts into long-term notes. The conversion…
Analysis: Europe Braces For Pandemic Reality To Hit Banks
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe’s big banks and kick-started a debate among politicians about whether…
Naira Steadies Across FX Market Segments As Bitcoin Sells Above N24.7m
The Naira was relatively stable against other currencies across all the tracked segments at the foreign exchange market on Tuesday,…
Reps, Finance Ministry Spat Over N2.8B Payment To OPEC
The House of Representatives and the Ministry of Finance yesterday disagreed over the procedure for paying N2.8 billion to the Organisation…
Dollar Needs Retail Sales Comeback
U.S. traders came back from their long weekend on Tuesday ready for a busy trading week. They drove stocks to…
Citigroup Cannot Recoup Revlon Payouts After Nearly $900 Million Gaffe: U.S. Judge
A federal judge on Tuesday said Citigroup Inc C.N is not entitled to recoup half a billion dollars of its own money…
U.S. Shale Could Face Weeks Of Depressed Oil Production Due To Cold
The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to…
Bitcoin’s Record Price Unsustainable Without Lower Volatility: JPMorgan
Bitcoin’s charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down quickly, JPMorgan analysts…
Rising U.S. Yields Takes Edge Off Stocks Rally
Stock markets scratched out a new record peak in Asia on Wednesday, but their rally lost a bit of steam…
Why MTN Is Partnering African Union To Help Vaccinate 7m Health Workers
Every year, the National Fire Protection Association puts out a report about injuries to firemen in the United States. In…
Dollar Hits Five-Month High Against Yen As Inflation Talk Boost U.S. Yields
The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S.…
UK Inflation Rises To Three-Month High Of 0.7%
British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, pushed…
Column: Central Bank Digi Cash Spooking Shadow Economy To Crypto
If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper…
Bitcoin makes history hits $50,000 for the first time
The price of Bitcoin on Tuesday rose above $50,000 for the first time in history. The buzz around bitcoin grew…
How Roblox, A Video Game Platform For Kids, Became A $30 Billion Company
More than half of the children in the United States play video games on Roblox. In fact, the massively popular…
Energy Prices Jump As Millions Left Without Power In Texas
Energy prices jumped Tuesday as a deep freeze in the South boosted demand for fuel and hampered production. More than…
UK Watchdog To Rule On $9.5 Billion Asda Takeover By April 20
The UK competition regulator has set an April 20 deadline for a decision on the acquisition of supermarket chain Asda…
What savers do with $2.4 trillion will define the recovery
Wall Street is expecting the economy to come roaring back to life in the second half of this year. But there’s one…
Uncompleted Projects: Senate Chides DPR For Paying N1.8bn
The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of…
Petrol Subsidy May Hit N11.2bn Per Week
The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as…
Why Petrol Price May Continue To Increase – Retailers
The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has insisted that the price of petrol will continue to…
The Nigerian Banking Sector Lost N5bn To Fraud In Nine Months, Says NIBSS
The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in…
US Oil Rises Above $60 As Texas Gets Pummeled With Ice And Snow
Oil is back, thanks to a strange brew of vaccines, economic optimism and a wintry mix in the Deep South.…
He Says Fidelity Wouldn’t Let Him Sell During Reddit Mayhem, Costing Him $830,000
Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity…
Baby Monitor Maker Owlet Hatches $1.4 Billion Blank-Check Deal To Go Public
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm…