Oil Rally Extends For 9th Day On OPEC+ Cuts, Demand Hopes
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer…
Year: 2021
Walt Disney Shares Near Record High, Investors Eye Streaming Update
Walt Disney Co, which wowed investors in December with ambitious streaming TV plans, will update Wall Street on Thursday about…
Experts Seek Support For Local Technology Production
Technology and engineering experts have emphasised the need for the government to expedite policies that would aid local production of…
Nigeria Rejects Advice To Devalue Currency –International Monetary Fund
The Federal Government has rejected advice by the International Monetary Fund (IMF) to further devalue the Naira which the latter…
Nigeria Government To Crash Oil Production Cost To $10
The Federal Government yesterday launched the Nigerian Upstream Cost Optimisation Programme (NUCOP) to cut down the cost of crude oil production…
Nigeria Stock Exchange Equities Down By 0.34% As Investors Lose N74Bn
Proceedings on the floor of the Nigerian Stock Exchange (NSE) kick started the new week on a bearish note as…
Stockbrokers Proffer Ways To Nigeria’s Economic Progress
Leading experts and stakeholders in capital market yesterday called on the Federal Government to rethink national economic development plan and…
Macquarie Taps Renewables Trend With $2 Billion Infrastructure Fund
Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven…
Maersk Boosted By Trade Recovery, But Misses Forecasts
A surge in demand for goods like furniture and exercise equipment from locked-down consumers has sparked a jump in shipping…
Heineken To Cut 8,000 Jobs To Restore Pre-Pandemic Margins
Heineken NV plans to cut about 8,000 jobs, the Dutch group said on Wednesday, seeking to restore operating margins to…
Asian Stocks Hit Record High as Earnings, Stimulus Boost Recovery Hopes
Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large U.S. fiscal stimulus and a…
Recovery In Global Trade To Stall Again In First Quarter: U.N. Report
A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic…
Nasdaq, New York Stock Exchange Sue SEC Over Planned Overhaul Of Public Data Feeds
Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange Commission, seeking to block a…
Musk’s Bitcoin Bet Fuels Gains In Companies Already Invested
The Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending…
Analysts Forecasts Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see…
Nigerian Stocks In Longest Losing Streak So Far In 2021
Nigerian equities mounted further loss on Monday as the bourse of Africa’s largest economy saw its longest losing streak so…
Dollar Wallows At Two-Week Low; Bitcoin Steadies After Surge Past $48,000
The dollar traded near two-week lows as demand for safer assets ebbed on Wednesday, with traders looking ahead to an…
Sterling Continues To Make Headway Against Basket Of Curriencies
The British pound is currently relishing the success the vaccine rollout has provided, leading to strength against a number of…
Nigeria-Niger Rail Line To Boost Trans-Saharan Trade – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the decision of his regime to construct a rail line…
What Tesla’s Bitcoin Purchase Means For The Future Of The Dollar
Large and respected institutions, including a $1 trillion company run by the richest person on earth are starting to worry about the…
Federal Government Of Nigeria Urges China To Intensify Support For $5bn Mambilla Power Project
The Nigerian Investment Promotion Commission (NIPC), has called on the Chinese Government to intensify its support for Nigeria’s infrastructural development, especially…
Oil Holds Rally After Report Points To Shrinking U.S. Stockpiles
Oil was steady near $58 a barrel as an industry report pointed to a drop in U.S. crude stockpiles, adding…
Bitcoin ‘Can’t Be Stopped’: Nigerians Look To P2P Exchanges After Crypto Ban
“There’s no stopping crypto, [it’s] the future and we won’t let some old fools take our future from us,” one…
Central Bank Of Nigeria Diaspora Remittance Policy And How Nigerians Are Reacting
AS part of measures to promote transparency in the management of diaspora payments, the Central Bank of Nigeria (CBN) recently…
Goldman Sachs Boosts U.S. GDP Estimate, Sees COVID Relief At $1.5 Trillion
Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter up to 11%…
Banks Begin Closure Of Cryptocurrency Accounts
The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks…
Access Bank Partners American Express To Expand Cards Acceptance In Nigeria
Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in…
AU Allocates 42 Million Vaccine Doses To Nigeria, CACOVID Donates Oxygen
NIGERIA will soon receive over 42 million doses of COVID-19 vaccines that will cover an estimated 45 per cent of…
Nigeria Records 45% In Broadband Penetration –Federal Government Of Nigeria
The Federal government on Monday said the broadband penetration in the country has moved from 38% last year to 45%,…
Federal Government Of Nigeria Plans To Replace Bank Verification Number With National Identity Number
The Federal Government yesterday said arrangements were on-going to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The…