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China’s Economy Grows Slower Than Expected In Second Quarter
China's economy grew more slowly than expected in the second quarter, as tepid manufacturing activity, higher raw…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
China's economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects…
Ponzi Schemes Flourish In Nigeria’s Declining Economy
I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido…
Future Of Oil & Gas In Nigeria: Renewed Oligations From Private Sector
From catalysing oil and gas potential to optimising gas production, diversifying consumption, and addressing gas…
Turkey Holds Rates Again As Inflation Rules Out Summer Cut
Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices…
Systemic Racism In England Affects Health To Wealth, Report Says
Racism in England is systemic and the government is “frustratingly slow” at implementing recommended solutions,…
How FG Can Woo Multinationals To Stock Market, Boost Profitability’
Experts have renewed calls for the Federal Government (FG) to adopt a policy that would help reduce persistent…
EU Set To Call Time On Combustion Engine Within Two Decades
The European Union is set to propose measures on Wednesday, as part of a broad climate package, that signal the end…
U.K. Vows To End Sales Of New Petrol And Diesel HGVs By 2040
The U.K. will end the sale of all new diesel and petrol heavy goods vehicles by 2040 and ultimately…
Major Oil Marketers Protest Restriction Of Import Licences To Refiners
The Major Oil Marketers Association of Nigeria (MOMAN) and the Petroleum Marketers Association of Nigeria (DAPPMAN)…
Bank Of Canada Holds Interest Rate, Says It Will Curb Bond Purchases
The Bank of Canada held its key overnight interest rate at a record low 0.25% as expected on Wednesday and said it…
Big Banks Seek To Curb “Speculative” Planned UK Forex Class Action
A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is too…
Pound Spikes As Inflation Surge Ups Pressure On BoE To Hike Rates
The pound rallied on Wednesday morning as official data showed UK inflation continues to soar.
Figures from the…
Analysis: Digital Rivals? Central Bank E-Cash Plans Prompt Lenders To Wade In
As central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and…
Apple, Goldman Plan ‘Buy Now, Pay Later’ Service To Rival Affirm
Apple Inc. is working on a new service that will let consumers pay for any Apple Pay purchase in installments over…
‘UK Generated £1.9bn From Export To Nigeria In 2020’
The British Deputy High Commissioner to Nigeria, Ben Llewellyn-Jones has revealed that British firms operating in…
DMO To Auction N150bn FGN Bonds In July
In a circular issued on Monday, DMO said the bonds will be in three tranches, comprising N50 billion each.
The…
Unstable Sugar Price In Nigeria Caused By Increase In Foreign Exchange –…
The National Sugar Development Council (NSDC) has revealed that sudden change or increase in sugar prices in the…
Nigeria Hires Money Managers For $37 Billion Infrastructure Fund
Nigeria has picked four asset managers to run a $37 billion fund set up to drive investment in roads, railways and…
PBOC Reiterates Monetary Policy Unchanged Despite Surprise RRR Cut
The recent cut in the amount of money banks must keep in reserve doesn’t mean a change in the China’s monetary…
Petrol Subsidy Ends After Buhari Signs PIB – Minister
The assent of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), will put an end…
Forex Shortages Force Nigerian Corporates To Turn To Parallel Market
Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the…
ABCON Advocates Reforms To Curb Govt Spending, Public Debt
Association of Bureaux De Change Operators of Nigeria (ABCON) has advocated for reforms that will reduce government…
Dollar Tiptoes Toward Inflation, Powell Testimony
Currency markets were on edge and the dollar a few ticks lower on Tuesday, ahead of U.S. inflation data which…
Stocks Simmer Near Record Highs Ahead Of U.S. Inflation Data
Global shares hung near record highs on Tuesday, buoyed by better than expected Chinese export data as markets…
U.S. Consumer Prices Post Largest Gain In 13 years; Inflation Has Likely Peaked
U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in…
U.S. Senate Democrats Agree To $3.5 Trln For Budget Reconciliation Bill
U.S. President Joe Biden's drive for big new infrastructure investment got a boost on Tuesday when leading Senate…
Japan’s Q3 Growth Forecast Cut As New Pandemic Curbs Hit
Japan's economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus…
BOJ Aimed To Work With Govt In Regional Bank Scheme, Minutes Show
The Bank of Japan's scheme to incentivise consolidation among regional banks was meant to show it was working…