Traders Chase Russian Oil To Fill U.S. Hole After Hurricane Ida
Trading houses are rushing to supply Russian Urals crude to the United States where oil production was hammered by Hurricane…
Year: 2021
Shell Brings Amberjack Pipeline Machine Back Online
Shell Midstream Partners LP said on Friday its Amberjack pipeline system was back online after it was shut due to…
E-Naira To Strengthen The Banking System- Central Bank Of Nigeria
The Central Bank of Nigeria has said e-Naira will strengthen the banking system and make it easier to comply with…
Oil Rallies To $73 On Tight U.S. Supplies
Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States…
Oil Bounce, Futures Push Upwards After Biden-Xi Call
U.S. stock index futures rose on Friday, as signs of an easing in tensions between the United States and China…
Nigeria: MTN Renews Unified Access Service Licence And Spectrum Licence
The Nigerian Communications Commission has renewed the Unified Access Service licence and spectrum licence for wireless local loop in the…
General Motor Doubles Chip Shortage Impact To 200,000 Vehicles In Second Half
General Motors’ vehicle sales and production will be hit harder by the global chip shortage during the second half of…
Amazon Hourly Employees Set To Enjoy 100% Tuition Fee
The e-commerce giant is following the lead of other large United state companies who are dangling perks like education benefits…
Chinese Electric Car Start Up Xpeng Aim For Robots And Flying Car
For the foreseeable future, Chinese electric car start-up XPeng is trying to boost its sales in the world’s largest auto…
Apple To Spend Over $500 Million On Advertising Apple TV
Apple Inc plans to spend more than $500 million on marketing its streaming service, Apple TV+, this year, The Information reported…
Tech Stocks, Rising Marketplace Debt See Inflows On “Stagflation” Bets
Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in…
U.S. Treasury Weather Legitimate Seeks Coverage Adjustments For Severe Weather
Climate-related weather events are costing American households, businesses and insurers billions of dollars in losses, and there is no sign…
Lira Falls Further On Dovish Central Bank Comments
Turkey’s lira fell further on Thursday after logging its worst session in four months in the wake of dovish comments…
Former Wells Fargo Executives Square Off With Regulator In Trial Over Bank Account Scandal
The civil trial of three former Wells Fargo & Co employees over their alleged roles in a scandal involving phony accounts…
Nigeria’s 36 States Generated 5.3 Trillion Naira Revenue And Got 10.19 Trillion FAAC Allocation In 5 Years
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from…
Nigerian President Halts The Payment Of $418 Million To Paris Club Refund
President Muhammadu Buhari has placed the controversial payment of $418 million to consultants over the Paris Club refund on hold. He…
US Jobless Claim Falls To 310,000
Data from the Labor Department on Thursday showed the number of jobless claims filed the week ended Sept. 4 fell to 310,000,…
Nigeria: Investors Wealth Continues To Dip
Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three…
Chinese Firms In Partnership To Deliver Self Driving Cargo Vans
The strategic partnership between Chinese autonomous driving start-up WeRide, automaker Jiangling Motors (JMC) a top carmaker and delivery firm ZTO…
La Liga Offers NFTs To All It’s Players
Spainish soccer league, La Liga on Thursday stated that it will offer NFTs to all its players, marking the latest move into cryptocurrencies by a major sports organization.
Nobel Winner And Economist Stiglitz Says US Federal Reserve Chief Powell Should Go
For U.S. President Joe Biden to be true to his agenda he should not renominate Jerome Powell as Federal Reserve…
Fear Over Gaming Restrictions Causes Loss Of Share Price
Shares of Tencent and Netease plunged on Thursday after Chinese regulators called them and other gaming companies for an interview,…
Pound Sterling Steadies As UK Parliament Backs Tax Hike
Sterling ticked higher on Thursday after British lawmakers backed Prime Minister Boris Johnson’s tax hikes and was set to end…
Canada Holds Interest Rates, Still Sees Economic Recovery
The Bank of Canada left rates unchanged on Wednesday and said it expects growth to strengthen in the second half…
Price Of Natural Gas Jumps To Seven Year High
U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season.…
PayPal And Japanese Credit Specialist Paidy In Talks
US online payment giant PayPal is set to buy the online Japanese credit specialist Paidy for $2.7 billion, the US…
Service Fees Fetch Ten Nigeria Banks 266 Billion Naira
Ten Nigerian banks made N265.96bn from account maintenance and electronic banking fees in 2020. This is as shown by analysing…
Technology Startups And Others In Nigeria Raise $1.6bn Funding
Africa’s technology ecosystem has raised $1.6bn in 2021 so far, compared to $701.5m in 2020, according to a report by…
Nigeria Ranks Behind In Business Process Outsourcing
Nigeria currently controls $285.8 million of the combined African domestic and international global business services (GBS) sub-sector estimated to be…
Nigeria Exchange Lists Potentials As Green Bonds Market Hits $136m
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the…