U.S. House Committee Approves Another $14 Billion For Pandemic-Hit Airlines
A U.S. House committee on Thursday approved a proposal to give airlines another $14 billion in payroll assistance as part…
Year: 2021
White House Launches Clean Energy Effort, $100 Million In Technology Funding
The Biden administration on Thursday announced the U.S. Department of Energy will offer $100 million in funding to support low-carbon…
Asian Stocks On Hold For Lunar New Year, Bitcoin Eyes Record Highs
Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show…
Britain’s coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall in output since modern records began, but it avoided heading back towards recession at the end of last year, official figures showed on Friday
Britain’s gross domestic product (GDP) grew 1.0% between October and December, the Office for National Statistics said, at the top…
Oil’s Losses Deepen As OPEC, IEA Caution Ends Rally
Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy…
Chief Financial Officer Hesitate To Invest In, Handle Bitcoin Due To Volatility
Chief financial officers are watching closely after Tesla Inc. this week disclosed a $1.5 billion investment in bitcoin and Twitter…
High Year-End Spending Drove Inflation Upward
Report Summary The Macroeconomy The IMF forecasted a sluggish growth for the Nigerian economy in 2021. High year-end spending drove…
We’re Ready To Resume Petrol Importation, Say Marketers
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made…
Africa’s Miners And Winemakers Toast China’s Row With Australia
Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and…
Ad Software Company Viant Valued at $2.5 Billion In Nasdaq Debut
Shares of Viant Technology Inc jumped 76% in their market debut on Wednesday, giving the advertising software company a market…
Africa Business Leaders Optimistic Of Swift Economic Recovery In 2021
Business leaders in Africa have expressed the hope that economic prosperity and increase in trading activities would return to the…
Securities Dealers Need Intervention Fund, Chartered Institute Of Stockbrokers tells Central Bank Of Nigeria
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to create an intervention fund for securities dealing…
Ecobank Of Nigeria Appoints New Director
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr…
Nigeria Securities And Exchange Commission Unveils New Guidelines For Collective Investment Scheme
As NSE lists Briclinks Africa N10m shares on Growth Board The Securities and Exchange Commission (SEC), has released general rules…
Rare 2p Coins Revealed – Pretty Penny
UR wallet is probably full of 2p pieces – but it might be worth checking your change as some of…
Nigerian National Petroleum Corporation, others risk losing $400bn amid climate goals – Report
Twenty per cent of anticipated investments in the oil and gas sector by state-owned oil companies, including the Nigerian National…
Ecobank Of Nigeria Allows Money Transfer Through SMS, WhatsApp
Ecobank Nigeria has said its customers are now able to transfer funds by email, SMS and WhatsApp with the new…
Nigerian Stock Exchange Lose N426bn As 37 Stocks Post Decline
Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its…
Nigeria Loses N189.90bn To Gas Flaring In 11months
Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total…
Nigerian Federal Government Approves Bankers’ Committee Takeover Of National Theatre, N21.89bn Renovation
The Federal Executive Council on Wednesday approved a Memorandum of Understanding between the Ministry of Information and Culture and the…
Fuel Scarcity Looms As Marketers Disrupt Fuel Loading
Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in…
Addressing Vulnerabilities In Port System
At such a time of dwindling oil fortunes and resultant effect on the economy, the nation’s maritime industry is considered…
Nigeria, Others Comply With OPEC Quota In January
Nigeria and other OPEC+ in the month of January comply fully with the cartel production out. This has consequently resulted…
Iran Produces Uranium Metal In New Violation Of Nuclear Deal
Iran has started producing uranium metal, despite being warned by world powers that it constitutes another breach of the 2015…
Nigeria Targets 40% Debt To GDP Ratio By 2023
Nigeria is targeting a debt to GDP ratio of 40 percent by 2023 from the current level of 25 percent…
US Airline Set To Buy Flying Electric Taxis For Airport Runs
United Airlines will team up with US regional carrier Mesa Airlines to buy Archer’s electric vertical take-off and landing (eVTOL)…
First Bank Offers N1M Loan As Firstmonie Agents Cross 86,000
Over 86,300 Firstmonie agents, spread across 772 local government areas in Nigeria can access up to N1 million loan facilities,…
Analysts Foresee Marginal Uptick In Capital Importation In 2021
Investment and financial analysts at Cordros Securities Research has projected marginal uptick in capital importation (CI) in 2021 after a…
Central Bank Of Nigeria – Freezing Of Accounts Constitute ‘Gross Infringement’ Of Fundamental Right
Femi Falana has warned the Central Bank of Nigeria, CBN, to stop freezing accounts of activists in the country. He…
TikTok Sale To Walmart, Oracle Put On Ice By Biden Team: Report
TikTok’s forced sale to Walmart Inc. and Oracle Corp. has been shelved indefinitely as the Biden administration takes on a…