Federal Government Of Nigeria Okays $2.5m, N498.2m For Four Power Projects
The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the…
Year: 2021
Singapore To Deepen Investments In Nigeria, Others
Singapore is looking at deepening its economic ties with Nigeria and other West African countries as its enterprises promise to…
Federal Government Reintroduces Toll Plazas, Nigerians To Pay N500, N200 Per Trip
The Federal Executive Council has approved the reintroduction of toll collections on some selected dual carriageways across the country. This…
The Securities and Exchange Commission (SEC), African Development Bank (AfDB) Commence Implementation Of Risk-Based Supervision Project
The Securities and Exchange Commission (SEC) and African Development Bank (AfDB) have commenced the implementation of the regulatory capacity improvements…
The Nigerian Exchange Limited(NGX) Sustains Bullish Profile As Index Inches Further By 0.7 Per Cent
The Nigerian Exchange Limited (NGX) sustained rising profile, as more blue-chip stocks appreciated at price, resulting to a further increase…
Asia-Pacific Stocks Mostly Decline; Samsung Shares Fall As Heir Lee Is Released From Prison
South Korean and Taiwanese stocks led losses among major Asia-Pacific markets in Friday trade, with shares of firms related to…
Breaking Society Apart’: Unvaccinated People Are Angry As They Face More Covid Restriction
The divide between the vaccinated and unvaccinated when it comes to Covid-19 is likely to become even deeper, with officials…
China’s Zero-Covid Policy Is So Strict That It Shut Down A Whole Shipping Terminal After Just One Case
China has shut down a key terminal at its Ningbo-Zhoushan port, the third busiest port in the world, after one…
It Just Got Harder And Less Profitable To Mine For Bitcoin As Algorithm Adjusts
It just got harder and less profitable to mine for bitcoin. Every 2016 blocks, or about every two weeks, bitcoin…
Treasury Yields Fall Following Mixed Economic Data
U.S. Treasury yields fell on Friday morning, following mixed economic data in the previous session. The yield on the benchmark…
Online Gambling company Entain Buys Esports Betting Startup Unikrn As It Looks To Triple Its Business
When Jette Nygaard-Andersen took the helm of U.K. online gambling company Entain, a pandemic was raging and the company had…
Airbnb Shares Fall After Company Reports Revenue Jump Of 300% But Warns About Delta
Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s…
European Markets Set For Muted Open As Investors Assess Data, Covid
European markets are heading for a cautious open Friday, as investors assessed global economic indicators and rising Covid-19 cases in…
Stock And Forex Trading Regulations In Nigeria
Nigerian trading market: a brief overview Although somewhat similar, it is important to note the difference between stock and Forex trading.…
More Than $600 Million Stolen In What Is Likely To Be One Of The Biggest Cryptocurrency Thefts Ever
More than $600 million has been stolen in what’s likely to be one of the biggest cryptocurrency thefts ever. Hackers…
AMCON Rubbishes Reports Of Possible Seizure Of Dangote Refinery
The Assets Management Corporation of Nigeria (AMCON) has rubbished reports that it was planning to take over the Dangote Refinery…
Fixed Income, FX Markets Sustains Momentum Recording N15.31trn, $10.12bn Turnover In One Month
Investors’ interest in the fixed income and currencies markets has continue to soar as both markets recorded significant increase in…
FG Generates N512 Billion VAT In Second Quarter Of 2021
The National Bureau of Statistics (NBS) says the federal government generated N512.25 billion as Value Added Tax (VAT) in the second quarter…
Exclusive-Fed’s Barkin: U.S. “Closing In” On Taper, But Could Still Take A Few Months
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can…
Semiconductor Veteran Confirms He’s Part Of A £300 Million Plan To Buy The United Kingdom’s Largest Chip Plant Back Off China
Semiconductor veteran Ron Black, the former CEO of the U.K.’s Imagination Technologies which used to design chips for Apple, is…
Wall St Set To Rise As Inflation Growth Slows
Wall Street’s main indexes were set to open slightly higher on Wednesday after data showed that growth in inflation appeared…
Analysis: Peak OPEC? Climate-Focused Production Shift To Pile Pressure On Pact
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…
Dow Futures Jump 120 Points After Inflation Report Is Not As Bad As Feared
U.S. stock index futures rose on Wednesday after inflation jumped, but not by quite as much as investors feared when…
As Gas Prices Rise, White House Says OPEC Action Is ‘Simply Not Enough,’ Calls For Federal Trade Commission Scrutiny
The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing…
Deliveroo Doubled Orders And Trimmed Losses In The First Six Months Of 2021
Deliveroo doubled orders in the first half of 2021, as appetite for food delivery services held up even as coronavirus…
Treasury Yields Climb Ahead Of Consumer Price Index Inflation Data
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation…
Biden Says Afghans Must ‘Fight For Themselves’ As Taliban Advances, Does Not Regret United State Withdrawal
President Joe Biden said Tuesday he does not regret his decision to withdraw U.S. forces from Afghanistan, a move that…
Senate Approves Framework Of $3.5 Trillion Budget Plan That Would Expand Medicare, Tax Credits And Climate Initiatives
Senate Democrats took their first step toward passing a $3.5 trillion spending plan as the party forges ahead with a…
United Nation Climate Report Is Our ‘Final Wake-Up Call,’ Say Environmental Experts
A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by…