BREXIT: UK To Exit EU Today
The United Kingdom will finally have its Brexit at 11 pm on Friday, with Prime Minister Boris Johnson expected to…
Author: Ekemini
How Nigeria gained $1 billion investments in Auto industry within a year
Nigeria’s automobile industry received a boost with over $1billion investments from renowned auto manufacturers in 2019, thereby lifting capacity to…
Nigeria rakes in $813 million from cashew export
Minister of Agriculture, Sabo Nanono, yesterday, disclosed that the cashew sub-sector generated over $813million between 2015 and 2017. Nanono in…
AfDB approves $22 million loan to boost SMEs operations
The board of the African Development Bank (AfDB) has approved the sum of $22 million as loan to help support…
Senate confirms Kingsley Obiora as CBN deputy governor
The Senate, yesterday, confirmed the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria…
Interest rates left at 0.75% amid signs of rebound for UK economy
The Bank of England has voted to leave interest rates on hold amid early signs of a rebound in the…
Huawei ruling will cost us £500m, says BT
Telecoms group faces big bill for stripping out banned kit from 5G broadband network Limiting the use of Huawei equipment…
Nigerian Fintechs take lead in Africa attracting $122 million fund in 2019
The Financial Technology (Fintech) industry in Nigeria has come to stay, as it took the lead in Africa attracting $122…
Lagos state issues N100bn infrastructure bond
The Lagos state government says it has issued a N100 billion series III bond under its N500 billion bond issuance…
Conoravirus: The Hang Seng Is Down By 5% In Two Days As Yuan Slumps
Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty…
Markets Wrap
U.S. equity futures slid with stocks on Thursday as investors mulled mounting evidence that the coronavirus epidemic is disrupting the…
Coronavirus: Nigeria’s N2.64tn proposed oil revenue under threat
Nigeria is facing double jeopardy of falling oil prices and production decline amid fears that coronavirus, which has its roots…
T-bills interest rates surge, subscription declines
The interest rates on treasury bills witnessed an appreciation at the Primary Market Auction, which took place on Wednesday. Stop…
IPhone 11, A Major Booster of Apple’s $91.8 billion Q1 revenue
It is indeed a blissful 2020 for Apple, an American technology company, as its post an impressive 2020 first-quarter result…
‘N2tn pension fund for infrastructure’ll come via bonds’
The N2tn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds,…
Nigeria’s total debt rises to N26.14 trillion
Nigeria’s total debt stock rose to N26.14 trillion as of the end of September 2019. This is disclosed in the latest…
Union Bank to sell UK subsidiary
Union Bank of Nigeria Plc has entered a share sale and purchase agreement to sell its United Kingdom subsidiary, Union…
Stanbic FY 2019: Modest earnings despite frail Q4 performance
Stanbic recently released its FY 2019 UNAUDITED results wherein Gross Earnings grew 5% y/y growth to N233.8 billion, slightly below…
Trump signs US Mexico Canada Agreement
US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to…
Facebook stock falls after showing 51% rise in expenses
Facebook beat on top and bottom lines, but the stock fell more than 7% on Wednesday after the company reported rising…
Tesla spikes on earnings beat, says Model Y production underway
The company guided that solar and storage deployments should grow at least 50% in 2020. Tesla had already reported deliveries…
UBA announces board appointments
The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors…
NSE unveils growth board for startups, SMEs to deepen nation’s capital market
Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the initiative…
How to boost listed firms’ businesses, spur voluntary tax compliance
Capital market investors have underscored the need for government to pay more attention to infrastructure development to enhance businesses of…
Nigeria To Begin Rice Exportation In 2020
Increased production and capacity utilisation by rice millers across the country, may have boosted Nigeria’s quest to commence exportation of…
Boeing posts $636m loss, first in 20 years
Boeing reported on Wednesday its first annual loss since 1997, as the company continues to grapple with the fallout of…
MTN budgets $1.6 billion to invest in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted…
Asian stocks fall again over virus fears while US, European markets recover
Worries over the Wuhan coronavirus caused further steep drops on markets in Asia on Tuesday. But stocks in Europe and…
FG records N1.14 trillion budget deficit in three months
The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded…
FG crafting 10-year National Development Plan ― Budget Minister
The federal government is crafting a 10-year National Development Plan, the Minister of State, Budget and National Planning, Prince Clem…