Smuggling: NCS, NSA Grant Border Stations Waivers, Says DPR
The Department of Petroleum Resources has faulted the claim by the Nigeria Customs Service that it was partly…
Yearly Archives
2021
South African Unemployment Rate Rises To Highest In The World
South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special…
Oil Extends Gains On Brighter Demand Outlook, Mexico Outages
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special…
Discos Beg Customers As Blackout Worsens On Grid Collapse
The national power grid has collapsed for the second time in less than a month, worsening the blackout being…
Investors’ Lose N25bn As Stock Market Open Week Negative
Trading at the Nigerian equities market extended last week’s negative performance to the beginning of…
Gas Consumption Lowest In Nigeria Despite 206 Tcf Reserves
Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per…
Dollar Holds Near Five-Day Low; Kiwi Dollar Picks Up After Hawkish Comments
The dollar was steady on Tuesday, holding near the previous session’s five-day low, as markets appeared less…
Sterling Holds Gains Vs. Dollar After Risk-Led Rebound
Sterling edged lower against the dollar on Tuesday, but held most gains made against the greenback on the back of a…
Agusto Report: CBN’s Standardised CRR Shook Banks’ Profitability In 2020
Nigeria’s foremost research house and rating institution, Agusto & Co Limited has disclosed that Central Bank…
Exclusive U.S. SEC To Scrutinize Firms’ Digital-Eengagement Practices As…
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement…
Goldman Sachs Raises Odds On U.S. Fed Taper Announcement In Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its…
S&P 500, Nasdaq Hit Record Highs On Recovery Optimism
The S&P 500 and Nasdaq hit record highs on Tuesday, boosted by oil and travel-related stocks, after a full U.S.…
Lagos Building Investment Coy. PLC (LBIC) Records Profit, Defies Tough Operating…
—Fixes date for 16th Annual General Meeting (AGM)
The Lagos Building Investment Company Plc. (LBIC), defied the…
Stocks Making The Biggest Moves In The Premarket: Best Buy, Palo Alto Networks,…
Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the…
China’s Cyberspace Regulator Lays Out Two Main Conditions For Companies Wanting To…
Chinese companies wanting to go public — including overseas — must comply with two main aspects of a wider set of…
Stocks Are Getting A Delta Peak And Growth Slowdown Wrong, Market Bull Jim Paulsen…
There may be a new reason to follow the smart money.
According to The Leuthold Group’s Jim Paulsen, the stock…
Best Buy Shares Rise On Earnings Beat, Retailer Says Consumers Are Upgrading Tech…
Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers continued upgrade devices and…
S.Korea Set To Curb Google, Apple Commission Dominance
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems,…
Nigeria: FG Earned N1tn from Digital Economy in Two Years, 5G 95% Ready For…
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital…
Nigeria: 1.2 Million Subscribers Changed Mobile Service Providers – NCC
The number of subscribers that left their mobile telecommunications service providers for other mobile networks…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special…
Nigeria: FG To Unveil Five-Year Development Plan In October
The Federal government on Monday disclosed plans to unveil the Medium-Term National Development Plan 2021-2025 in…
Fintech Has The Potential To Change The Capital Market – NGX
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively…
Nigeria: United Capital Increases Issuance of CPs to N50bn
United Capital Plc has notified the Nigerian Exchange Limited (NGX) that it has secured the approval of FMDQ…
Airbnb Says It Will Host 20,000 Afghan Refugees
CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays.…
SoftBank Makes First Africa Bet On OPay At $2 Billion Valuation
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at…
Chinese Electric Carmaker Xpeng Starts Exporting Flagship P7 Sedan For The First…
Xpeng Inc. began shipping its flagship P7 sedan to Europe on Tuesday, underscoring the Chinese electric carmaker’s…
World Leaders Prepare For Emergency G-7 Meeting On Afghanistan As U.S. Withdrawal…
British Prime Minister Boris Johnson will host an emergency meeting of G-7 leaders Tuesday to address the chaotic…
Elon Musk Says SpaceX Has Shipped 100,000 Starlink Terminals
Elon Musk said in a series of tweets on Monday that his aerospace venture, SpaceX, has shipped 100,000 Starlink…