US Sells A Million Barrels Of Iranian Oil Seized Under Sanctions
The United States has sold more than a million barrels of Iranian fuel seized under its sanction programme last year,…
Year: 2021
Central Bank Of Nigeria: Federal Government’s Fiscal Deficit Rose To N620Bn In November 2020
The federal government’s estimated fiscal deficit expanded to N620.49 billion in November 2020, compared with the N421.35 billion recorded in…
China-Backed Trade Deal Seen Helping Investors, Not Workers
A China-backed trade and investment deal representing about a third of the global economy is unlikely to bring immediate significant…
Just Six Feet Wide, ‘London’s Skinniest House’ Is For Sale For $1.3 Million
A house billed as “possibly the skinniest house in London” is up for sale for £950,000 ($1.3 million). Just six…
Dollar Steadies After Soft U.S. Inflation, Dovish Fed
The dollar fell during a quiet Asian session on Thursday, after softer-than-expected U.S. inflation data for January and a reiteration…
Global Equity Funds Secure Biggest Inflows In Two Years In Week Ended February 10
Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of…
Commerzbank Posts $3.3 Billion Fourth-Quarter Loss Amid Major Restructuring
Germany’s Commerzbank said on Thursday its net loss deepened to $3.3 billion in the fourth quarter, as the lender undergoes…
Analysis: Merkel’s Vote Of Confidence In Deutsche Bank Belies Lender’s Problems
Angela Merkel will give a welcome speech at Deutsche Bank’s annual New Year reception on Thursday, marking a rare appearance…
Foreign Exchange Inflow Drops To $5.7bn In One Month
Nigeria recorded $5.7bn foreign exchange inflow into the country in November 2020. This was a drop from $6.47bn and $7.34bn…
With Oil Past Peak, Shell Vows To Eliminate Carbon By 2050
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was…
Philippine Cbank keeps key Rate At Record Low, As Expected
The Philippine central bank left key interest rates steady on Thursday, as expected, saying current monetary policy settings were appropriate…
Nigeria Digital Identity Project On Course Despite Challenges’
As Nigeria steps up the goal of identifying every citizen within its shores, the Director-General of the National Identity Management…
Euro Zone Bond Yields Dip, Italy Turns Focus To Supply
Euro zone core bond yields inched lower in early Thursday trade as global markets focused on a dovish Federal Reserve…
Mastercard To Open Up Network To Select Cryptocurrencies
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining…
Yellen Eyes Innovation To Battle Misuse Of Cryptocurrencies, Narrow Digital Gaps
U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of…
AstraZeneca Forecasts 2021 Growth After Fourth-Quarter Sales Beat
AstraZeneca on Thursday forecast 2021 revenue growth after the COVID-19 vaccine developer beat analysts’ estimates for fourth-quarter product sales, as…
Oil Rallies With U.S. Supply Drop Further Draining Global Glut
Oil extended its longest winning streak in two years in New York as a decline in U.S. crude inventories further…
Asian Businesses Suffer Lunar New Year Blues Over Travel Curbs
From a skyway operator in Australia to a tourist guide on Indonesia’s resort island of Bali and a lion dance…
Manufacturers Lament Hardship, Demand Policy Review On Forex Allocation
Manufactures in Nigeria have asked the Central Bank of Nigeria (CBN) to review policies around the allocation of foreign exchange.…
Federal Executive Council Approves More Borrowings From Central Bank Of Nigeria
The Federal Executive Council (FEC) on Wednesday approved a new Medium-Term Debt Management Strategy (MTDS) for Nigeria from 2020-2023.Under the…
Analysis: Investors Lukewarm On Tesla’s $1.5 Billion Bitcoin Splurge
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as…
Stocks Making The Biggest Moves In The Premarket: Under Armour, Twitter, Bunge & More
Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue…
International Monetary Fund Sees Dangote Refinery’s Potential Of Bailing Nigeria From Economic Downturn
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery would provide an elixir for…
How Nigerians Can Exploit China’s $22tn Market –Chinese Director
The Director, Centre for China Studies, Mr Charles Onunaiju, has said that Nigerians could exploit the huge economic opportunities in…
Bitcoin Pushes Closer To $50,000, Global Stocks Mixed
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated…
Oil Production Still 300% Higher Than Nigeria’s Projection
Minister of State for Petroleum Resources, Timipre Sylva, yesterday revealed that Nigeria still spends around $30 in producing a barrel of…
European Markets Mixed As Traders Digest Earnings News; Maersk Down 7%
European stocks were mixed Wednesday as traders digested a slew of new corporate earnings. The pan-European Stoxx 600 hovered 0.2% above the…
GM Warns Chip Shortage Could Cut 2021 Earnings By Up To $2 Billion
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company warned a global semiconductor chip…
Mizuho Predicts How Much Self-Driving Cars Should Add To Baidu’s Share Price
Shares of Chinese technology company Baidu are at an all-time high and could climb further, a managing director at an…
Europol: 10 Held For Alleged $100m Cryptocurrency Theft From Celebs, Others
Europol, the European police agency, said on Wednesday it had assisted in the arrest of 10 hackers suspected of stealing…