Goldman Sachs To Launch Digital Investment Platform In Marcus Push
Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers’ wealth across portfolios of stocks…
Year: 2021
UK Watchdog Voices Concern Over $9.2 Billion Ebay-Adevinta Deal
Britain’s competition watchdog on Tuesday raised concerns over Adevinta’s planned acquisition of U.S. e-commerce group eBay’s classified ads business, sending…
Going All-In? Investors’ Cash Levels Dip To 2013 Pre-Taper-Tantrum Levels
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to…
Global Shares Hit Record High On COVID Recovery Bet
Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as…
U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the…
Toyota To Suspend Output From Nine Factories In Japan Due To Quake
Toyota Motor Corp said on Tuesday it will temporarily suspend vehicle production on 14 lines at nine group factories in…
German Investor Morale Surges On Shopping Spree Expectations
Investor morale in Germany rose beyond even the most optimistic forecast in February on expectations consumption will take off in…
Bristol-Myers, Sanofi ordered to pay Hawaii $834 Million Over Plavix Warning Label
A judge in Hawaii on Monday ordered Bristol-Myers Squibb Co and Sanofi SA to pay more than $834 million to…
33 Million Nigerians On YouTube, WhatsApp, Others
Thirty-three million Nigerians are active on social media, with the most used social media platforms being WhatsApp, Facebook and YouTube.…
Low Investment In Oil, Gas May Pose Future Challenge
The outbreak of COVID-19 pandemic set the oil and gas industry on a tail spin. Major oil consumer, China, shut…
Victorious Okonjo-Iweala Pledges To Rebrand, Reform WTO As DG
Deji Elumoye, Chuks Okocha, James Emejo, Udora Orizu in Abuja, Obinna Chima and Dike Onwuamaeze in Lagos With her emergence…
Stock Market Reopens Upbeat As Index Rises By 0.33 Percent
Following price gains recorded by most bluechip stocks, transactions on the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday as…
FX Rigging May Have Spread To 200 Chat Rooms, Lawyer Says
Traders may have used as many as 200 online chat rooms to rig foreign exchange rates, far more than previously…
Nigeria’s Inflation Hits 16.47% As Food Prices Soar To Record High
Nigeria’s inflation rate rose to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This is according…
Amazon Says To Make TV Streaming Device In India
Amazon.com Inc will start making its TV streaming device in India this year via a unit of Taiwanese contract manufacturer…
BOJ’s Kuroda Says No Plan To ‘Permanently Reduce’ ETF Buying, Shrugs Off Fears Of Asset Bubble
Japan’s central bank has no plans to “permanently reduce” its purchases of exchange-traded funds (ETF), its governor said on Tuesday,…
Brent Oil Holds Above $63 With Cold Snap Disrupting U.S. Supply
Brent oil held gains in Asia after closing at the highest level in more than a year as electricity blackouts…
Shell Files Int’l Arbitration Against Nigeria Over Oil Spill Case
Royal Dutch Shell has initiated international arbitration against Nigeria over a dispute regarding an oil spill that took place five…
Central Bank Of Nigeria Sets 15 Months For N21.3b National Theatre Remodelling
The N21.3 billion National Arts Theatre remodelling will be completed in the next 15 months, Central Bank of Nigeria (CBN)…
Naira Gains Slightly, Exchanges For 473/$
The naira on Monday exchanged at 473/$ at the parallel market, after trading at 477 the previous week. At the…
Euro Zone Eyes March-May Decisions On Post-COVID Econ Support Tapering
The euro zone is likely to decide between March and May when and how governments would start tapering support to…
U.S. Oil Wells, Refineries Shut As Winter Storm Hits Energy Sector
A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing…
Bank Of America Names The Emerging Market Currencies To Back As Inflation Risks Mount
With global demand returning and supply bottlenecks likely to drive up shipping, food and energy prices, Bank of America believes emerging market…
Dollar In Doldrums As Recovery Optimism Thrives
The U.S. dollar was pinned down on Tuesday, as vaccine optimism boosted the British pound to an almost three-year high,…
How Low-Income Nigerians Get Lifeline From Trading Crypto Currencies
As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial…
Investing In Nigeria: Top Picks For 2021
Following 2020, a year the world faced an existential crisis with many households and businesses losing incomes, survival was of…
BUA Cement Grow Gross 2020 Full Year Profit To N95Bn
BUA Cement, Nigeria’s second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts…
Shareholders Sue Federal Government Of Nigeria Over Plans To Borrow Unclaimed Dividends
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian…
Investors Lose N660Bn As Stock Market Ends Lower
Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking.…
Officialy: Okonjo-Iweala appointed as WTO DG
The former Minister of Finance, Ngozi Okonjo-Iweala has been appointed as the Director-General of the World Trade Organisation. Okonjo-Iweala, whose…