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Business
FG Loses 50% Vehicle Import Duty, Levies To Smugglers – Report
The federal government is losing billions of naira in duties payable on imported vehicles as 50 per cent of such…
The FBI likely exploited sloppy password storage to seize Colonial Pipeline…
The FBI’s breach of a bitcoin wallet held by the cyber criminals who attacked Colonial Pipeline is all about…
Sterling Eases Vs Dollar, UK Reopening Eyed
Sterling eased against a broadly stronger dollar on Tuesday, with no significant data releases on the economic…
Nigeria Immigration Reopens Passport Application Portal
The Comptroller General of the Nigeria Immigration Service (CGI), Muhammad Babandede, has announced the reopening…
Counting The Gains Of CBN’s Funding Interventions For MSMEs
The gains of the Micro, Small and Medium Enterprises Development Fund (MSMEDF) driven by the Central Bank of…
Patronise CBN-Licensed BDCs, ABCON Charges Customers
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised foreign exchange users and…
Report: Electronic Payment Transactions Increased By N80bn To N21trn In May 2021
Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May…
Nigeria’s Devaluation Won’t Fix Managed-Float Woes
Nigeria’s naira devaluation in May is unlikely to be the last and won’t fix the chronic dollar shortage which…
Nigeria Naira Slides Past 500/Dlr On Black Market, Trading Volumes Drop
Nigeria’s naira slid past 500 per dollar on the black market on Monday to a more than 3-1/2-year low, two weeks…
Cramer’s Lightning Round: I Prefer Moderna Stock Over Novavax
Novavax: “I have to tell you even after today’s run in Moderna, I still prefer Moderna’s stock than Novavax because…
Jim Cramer says Yellen’s interest rate comments ‘spooked the market’
CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the U.S. Treasury.
On…
AMC insider selling picks up as meme stock rises amid retail wave
Insider selling activity at AMC Entertainment ramped up like never before during the recent explosive rally…
Marc Benioff reveals investment in SpaceX, but says he’d need ‘a couple of…
Salesforce CEO Marc Benioff said Monday that he’s bullish on space, noting that he’s an investor in Elon Musk’s …
Goldman Sachs survey shows Asian hedge funds really don’t like bitcoin
Asian hedge funds may not be as bullish on bitcoin compared to their peers in the U.S., according to a Goldman…
Here are Cowen’s favorite ways to play the renewable future
The so-called clean-tech universe is attracting more dollars as investors bet on the energy transition, and…
Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to…
Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against…
3 things investors should know before Stitch Fix reports third-quarter results on…
Investors are preparing for what could be another roller coaster in Stitch Fix shares when the online styling…
Kroger to hire 10,000 workers across its grocery brands
Kroger announced Monday that it will hold a hiring event on Thursday to fill 10,000 jobs across its businesses.…
Stitch Fix shares soar as sales top estimates, styling service raises full-year…
Stitch Fix shares soared Monday after the online shopping and styling service reported a narrower-than-expected…
Deutsche Bank Warns Of Global ‘Time Bomb’ Coming Due To Rising Inflation
Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the…
Banks Commence N6.98 USSD Charge, Customers Kick
Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions.…
FX: Analysts Doubt CBN’s Adoption Of ‘Market-Determined’ Rates
Analysts at FBNQuest Research have said that they are not “convinced” by the Central Bank of Nigeria (CBN)’s pledge…
Dented By Jobs Miss, Dollar On Backfoot Ahead Of CPI
The dollar began the week on the defensive after being dented by a second batch of disappointing jobs…
ABCON Okays ‘Operation No Street Trading
The Association of Bureau De Change Operators has approved ‘Operation No Street Trading’ to stop the hawking…
El Salvador Will Adopt Bitcoin As Legal Tender, President Says
Atlanta (CNN Business)El Salvador could become the first county to adopt bitcoin as a legal tender, Salvadorian…
We’re Increasing Forex To Banks For SMEs, Travellers, Tuition
The Central Bank of Nigeria said it has concluded plans to increase the amount of foreign exchange allocated to…
Out Of Recession Into Stagflation
Amidst the counter accusations of money printing by the two Godwins, denial by the National Economic Council, and…
Twitter Ban: Nigeria’s Economy Declines By Over N2billion In One Day
The Nigerian economy may have declined by over 2billion Naira in just one day of Twitter ban.
This is if the…
Investors Scramble For Returns In Non-Conventional Properties
At a time when high-yield investment assets are scarce, the non-conventional property sector is taking centre stage…
Money Market Funds See More Inflows As Banking Reserves Surge
Money market funds and equities saw almost similar inflows, BofA’s latest fund flow statistics showed on Friday, in…