Nigeria: FG Seeks Support Of AU, Others To Create African Single Digital Market
The Federal Government has urged the African Union Commission and all its international partners to support Nigeria’s call for creating…
Year: 2021
Oil Market: Prices Surge Over $57.49 Per Barrel As OPEC, Non-OPEC Commit To Output Cut
AS members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members commit to oil output cut, oil prices, Tuesday,…
Europe Stock Futures Track Asia, U.S. Losses On Retail Trading Frenzy Jitters
European stock index futures fell more than 1% on Friday, tracking declines in Asian and U.S. equity markets on caution…
Ferrovial Launches New Attempt To Offload UK Outsourcer Amey
The process will put into play a business which has held government contracts ranging from prisoner transportation for the Ministry…
Nigeria: FG Puts up Recovered Assets for Sale, Invites Bids
The federal government is gearing up for the sale of recovered assets, including vehicles, boats, ships, plants and machinery as…
NESG Projects 2.9% Economic Growth In 2021
The Nigerian Economic Summit Group (NESG) has projected that the Nigerian economy would grow by 2.9 per cent in this…
Oil Settles Near $55 A Barrel, Highest Level In Over A Year
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical…
Nigeria: FG, Labour To Consider Electricity Tariff, Fuel Price Reports Feb 22
The Federal Government and the organised labour will reconvene on February 22 for the consideration of the reports of the…
Amazon Gets Court To Block $3.3 Billion Retail Deal Involving India’s Richest Man
Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers.…
Jeff Bezos Is Stepping Down As Amazon CEO
Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the…
China Shares End Lower As Losses In Tech Stocks Offset Auto Gains
BEIJING, Feb 3 (Reuters) – China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed…
A Good Start For The Nigerian Stock Market
Goddy Egene writes that the 5.3 per cent gain recorded by the equities market in January is a positive development…
Canadian Dollar Leads G10 Peers As U.S. Stimulus Hopes Rise
The Canadian dollar strengthened against its U.S. counterpart and all the other G10 currencies on Tuesday, as oil prices climbed…
UK’s Austerity Guru Shows Better Timing As Banker
George Osborne is perhaps best-known for cutting government spending far too quickly as British finance minister from 2010 to 2016.…
Portugal’s Economy Fell 7.6% In 2020, Biggest Drop Since 1936
LISBON, Feb 2 (Reuters) – Portugal’s economy shrank 7.6% last year, its biggest annual slump since 1936, and the government…
GameStop Slides, Silver Spree Stalls As Retail Traders Run Out Of Road
GameStop shares sank on Tuesday and a silver buying spree led by small investors subsided as the Reddit-driven trading frenzy…
Euro Zone Fourth-Quarter GDP Falls Less Than Expected, Another Fall Seen In First Quarter
The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19…
Young, Confident, Digitally Connected – Meet America’s New Day Traders
James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in…
Wall St. Opens Higher Ahead Of Amazon, Alphabet Earnings; Stimulus In Focus
Wall Street’s main indexes opened higher on Tuesday, building on the previous session’s momentum, as investors anticipated strong results from…
Facebook To Prompt Users About Personalised Ads Ahead Apple’s Privacy Changes
Loss of privacy to social media platforms is at the heart of debates today on communication technologies and how these…
Cybercrooks In Virtual ‘Scramble For Africa’
Africa’s mobile fraud losses will continue to rise above last year’s $4billion to peak at a record $5billion by the…
Nigeria’s Low-Interest Rate Creates Opportunities For These Businesses
Among the challenges in Nigeria’s troubled economy lie some opportunities. Access to cheap capital amid low-interest-rate environment is one of…
Nigeria Has $900Bn Dead Capital In Real Estate, Agric-PWC
Nigeria holds as much as $900 billion worth of dead capital locked up in residential real estate and agricultural land,…
Banks’ Non-Performing Loans Rise To N1.5Tn
The non-performing loans in the banking sector rose by N333bn as of the end of the third quarter of 2020…
CBN Cancels Commodity Exchange Privatisation, Invests N50 Billion
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will…
Foreign Reserves May Dip Below $30Bn –Analysts
As the Central Bank of Nigeria(CBN) puts the current level of the nation’s external reserves at $36.39 billion, analysts have…
UBN, Transcorp Top Trades On NSE As Index Drops 0.13%
Union Bank of Nigeria (UBN) Plc, Transcorp and UBA Plc were the most active stocks yesterday as the stock market…
Investors Gain N1.13 Trillion In January, As Equities Record Early Boom
Despite the prevailing economic downturn and the devastating effect of the COVD-19 crisis, the Nigerian stock market sustained eight consecutive…
Wall Street Ends Up Sharply, Led By Gains In Tech Shares
U.S. stocks ended sharply higher on Monday, led by gains in technology shares after last week’s steep market sell-off, while…