Stock Futures Rebound As Investors Await More Jobs Data
Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve upon a mixed week. Dow futures rose 69 points, or…
Jobless Filings match estimates while continuing claims tumble below 3 millio
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, the Labor Department reported Thursday. First-time filings for benefits dipped to 385,000 for the week ended July…
Investors Bought Chinese Stocks In The Last Week, Despite Regulatory Concerns
Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation, according to fund research firm EPFR Global. A slew of new Chinese regulation in the…
Unique NIN Enrolments Hit 59.8m With Average Of Three SIMs
The total number of unique National Identity Number (NIN) that has been verified across networks in Nigeria has reached 59.8 million as at July this year, according to recent statistics…
Power Grid Collapses Again Amid Lack Of Backup Capacity
The national power grid has suffered another system collapse, worsening the blackout being experienced by households and businesses in parts of Nigeria. The collapse, which occurred early in the afternoon…
Naira Now Exchange At 522/$1 As Central Bank Of Nigeria Discontinued The Sale Of Foreign Exchange To Bureaux De Change
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De…
Nigeria Coronavirus Infections Jump To Highest Level Since March
(Bloomberg) — Coronavirus infections in Nigeria surged to the highest level in almost five months as a third wave of cases spreads in Africa’s most-populous nation. The West African nation…
Two dead, Several Injured In Acid Leak At LyondellBasell Plant In Texas
Two people were killed and several others injured following a leak of acetic acid at a LyondellBasell (LYB.N) chemical plant in La Porte, Texas, on Tuesday night, the company said.…
‘They’ve Turned Into Money Laundering Agents’ — Central Bank Of Nigeria Bans Sale Of FX To BDCs
The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. Godwin Emefiele, governor of the apex…
One Dead, Four Missing After Explosion Rocks German Chemicals Site
One person is dead and four are missing after an explosion rocked an industrial park in the western German city of Leverkusen on Tuesday, sending dark plumes of smoke into…
Court Restrains FG from Accessing N200bn Unclaimed Dividends
A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders in the capital market estimated to…
FCMB Announces Appointment Of Mrs Yemisi Edun As The New Managing Director And Successor To Mr Adam Nuru
The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. This announcement is subsequent…
Bill Cosby Freed After Top Court Overturns Sexual Assault Conviction
US comedian Bill Cosby has left prison hours after his sexual assault conviction was overturned by Pennsylvania's Supreme Court.
FG Suspends Twitter’s Operations In Nigeria
The Nigerian Government has suspended Twitter Operations in Nigeria. This was announced on Friday by the Minister of Information and Culture, Lai Mohammed in a statement sent to POLITICS NIGERIA.…
£4.2m Loot Paid To Delta State Govt – Accountant General
The Accountant General of the Federation, Mr. Ahmed Idris has disclosed that the controversial £4.2m looted by an ex-governor, has since been transmitted to Delta state government. The Chief Accountant…
Ex-Oyo, Ondo Military Administrator, Usman, Dies
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am on Wednesday in Jos, the Plateau State capital, during an…
Queen Elizabeth’s Husband Prince Philip Dies At 99
The Duke of Edinburgh, the Queen’s “strength and stay” for 73 years, has died aged 99. Flags on landmark buildings in Britain were being lowered to half-mast as a period…
Michelle Obama Voices Hope For Lessons Learned Over Royal Family Racism Claims
Michelle Obama says she hopes the royal family will learn from the allegations of racism made by the Duke and Duchess of Sussex in last week’s TV interview with Oprah…
Breakdown Of Modalities To The New Central Bank Diaspora Forex Remittances
In what appears to be an attempt to incentivize dollar remittances by all means possible, the Central Bank of Nigeria (CBN) released a circular to Deposit Money Banks (DMBs), International…
Central Bank Of Nigeria Introduces ‘Naira 4 Dollar Scheme’ For Diaspora Remittances
The Central Bank of Nigeria (CBN) has announced the introduction of “CBN Naira 4 Dollar Scheme”, an incentive for senders and recipients of international money transfers. The apex bank in…
Covid Vaccines Lands In Nigeria
The much awaited COVID-19 vaccine has landed in Nigeria. The vaccine was brought into the country via Emirates flight B 777-300 which touched down at the Nnamdi Azikiwe International Airport,…
CDC Advisory Committee Recommends Johnson & Johnson Vaccine For People 18 And Older
The Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practice voted on Sunday to recommend the Johnson & Johnson COVID-19 vaccine for persons 18 years of age and…
Nigeria: Declare State Of Emergency On Security, Senate Tells Buhari
The Senate on Wednesday asked the President, Major General Muhammadu Buhari (retd), to declare a state of emergency on security without further delay. The red chamber made the call following…
Victorious Okonjo-Iweala Pledges To Rebrand, Reform WTO As DG
Deji Elumoye, Chuks Okocha, James Emejo, Udora Orizu in Abuja, Obinna Chima and Dike Onwuamaeze in Lagos With her emergence yesterday as the first African and first female to be…
Stock Market Reopens Upbeat As Index Rises By 0.33 Percent
Following price gains recorded by most bluechip stocks, transactions on the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday as the All-share index increased by 0.33 per cent. At…
Nigeria’s Inflation Hits 16.47% As Food Prices Soar To Record High
Nigeria’s inflation rate rose to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This is according to the latest Consumer Price Index report, released by the…
Officialy: Okonjo-Iweala appointed as WTO DG
The former Minister of Finance, Ngozi Okonjo-Iweala has been appointed as the Director-General of the World Trade Organisation. Okonjo-Iweala, whose tenure begins March 1, is the first woman and African…
Nigeria Loses N189.90bn To Gas Flaring In 11months
Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total of 178.95 billion standard cubic feet of natural gas. The…
Nigeria’s Security and Exchange Commission Recognises Cryptocurrencies, Moghalu Faults CBN Action
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the recent action of the apex bank that Deposit Money Banks should desist from transacting in…