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Business
Digital Economy: MDAs Generate N1.054tr
The Federal Ministry of Communications and Digital Economy and its departments and agencies have…
Oil Steadies But Set To Slump For The Week On Delta Anxiety
Oil prices came off three-month lows on Friday but were on track for a weekly decline of around 6% as new lockdowns…
‘Lack Of Converted Gas Vehicles Might Undermine NGEP’
Without an active conversion industry for vehicles and other machinery, the core mandate of the Nigerian…
Oil Up, But Set For Weekly Decline As COVID-19 Continues To Restrict Fuel Demand
Oil was up Friday morning in Asia, climbing up from three-month lows. However, the black liquid was set…
Twitter Agrees To Seven Out Of Ten Demands – Nigerian Govt
The Federal Government says from the 10 demands put forward to lift Twitter suspension, the microblogging and…
US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk
EUR/USD rebounds and USD/JPY pivots lower. This follows the release of FOMC minutes just now, which seems to have…
Canadian Dollar Slumps To 6-Month Low As Risk Aversion Climbs
The Canadian dollar fell on Thursday for a fourth day against its broadly stronger U.S.
counterpart, as investors…
Internet Of Things (IOT) Adoption Rising Across Industries In Nigeria, Says Expert
The number of companies across the different sectors of the Nigerian economy adopting emerging technologies like…
Nigerian Currency Depreciates Further To N520/$1
The Naira weakened for a second trading session at the unregulated segment of the foreign exchange (forex) market…
Lawmakers Fume Over FG’s Plan To Borrow N5.62tn, Tackle MDAs Hiding Revenue
The House of Representatives yesterday expressed displeasure over the way some Ministries, Departments and Agencies…
Stop Borrowing Dollars, Borrow Sense: Naira On Its Way To A Thousand To A Dollar
Suddenly the naira shot through to five hundred and twenty five to the dollar at the unencumbered parallel market…
Pounds Falls To One-Month Low As Edgy Investors Buy Dollars
Sterling touched a new one-month low against a robust dollar on Friday and also slipped to a one-month low against…
Kyari Urges Greenfield Refinery To End Product Importation
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has…
Shippers Going Bankrupt, Unable To Repay Loans’
President, Shippers Association of Lagos (SAL), Rev. Jonathan Nicol has said that Nigerian shippers are going…
Explainer: Binance: The Crypto Giant Facing Pressure From Regulators
Financial regulators across the world have targeted major cryptocurrency exchange Binance. Some have banned the…
U.S. Department Stores Get Sales Boost From Back-To-School Wardrobe Refresh
U.S. department store chains Macy's Inc (M.N) and Kohl's Corp (KSS.N) are leaning on a strong back-to-school season…
SoftBank Sells 11.4 Million Shares Of DoorDash – Source
SoftBank Group Corp (9984.T) sold 11.4 million shares of food delivery company DoorDash Inc (DASH.N), marketed via…
UAE Bars Nigeria, S’Africa, Others From Visa-On-Arrival List
The United Arab Emirates (UAE) has approved visa-on-arrival for passport holders from 70 countries except Nigeria,…
Euro’s Rapid Decline Puts ‘Line In The Sand’ In Sight For Bulls
The euro is on the cusp of breaking new lows against major global peers, weighed down by the prospect of prolonged…
Digital Yuan Gives Banks An Edge In Payments, Moody’s Says
China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to…
Fed Minutes Lift Dollar To A 9-Month High As Stock Mkts Swoon
The dollar index, which measures the U.S. currency’s performance against six rivals, extended gains in early London…
Pound Plumbs Month’s Low As Stock Rout Hits Risk Currencies
Sterling hit its lowest in a month against the dollar on Thursday as a pull-back in global stock markets saw a bid…
China’s Yuan Eases, But Basket Index Rises To 5-1/2-Year High
The Chinese yuan eased to a three-week low against a firmer dollar on Thursday, while its value against the…
Gold Falls As Fed Minutes Boost U.S. Dollar
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed…
Goldman Sachs Economists Cut Q3 Growth Forecast For U.S.
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from…
Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back…
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary…
Naira Weakens Further To 517 Against Dollar
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in…
Solar Could Be 40% Of U.S. Power By 2035 -Biden Administration
Solar could supply more than 40% of the nation's electricity by 2035 - up from 3% today - if Congress adopts…
Fifty Shades Of Green: EU Sustainable Fund Rules Muddy The Waters
If you want to invest in a fund branded as sustainable under new European Union rules, you're spoilt for choice.…