Heirs Life, Insurance, Promise Efficient Service Delivery
Heirs Insurance Limited and Heirs Life Assurance, have confirmed that customers are now able to purchase insurance policies from their…
Category: Business
Credit Suisse To Repay Another $400 Mln To Greensill-Linked Fund Investors
Credit Suisse (CSGN.S) will repay another $400 million to investors in its Greensill-linked supply chain finance funds, the Swiss bank said on…
The World’s Largest Container Shipping Firm Posts Soaring Second-Quarter Earnings
Maersk, the world’s largest container shipping firm, has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue…
Robinhood Shares Dive 27.6%; Filing Sparks Worries Early Investors could Sell
Shares of Robinhood Markets Inc (HOOD.O) tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early…
Cooling Measures Doing Little To Slow New Zealand’s Housing Boom
Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government’s efforts to rein in the…
Nelson Peltz To Step Down From P&G Board
Procter & Gamble Co (PG.N) said on Thursday activist investor Nelson Peltz would step down from the company’s board at the end…
Analysis: Private Equity Struggles To Get In On $1 Trillion U.S. Infrastructure Bonanza
Private equity firms are fretting that a long-awaited $1 trillion infrastructure bill under negotiation by U.S. lawmakers will not create enough opportunities…
Fed’s Kashkari: Delta May Throw Wrinkle Into Taper Plan
Minneapolis Federal Reserve President Neel Kashkari on Thursday said the highly transmissible Delta variant of the novel coronavirus could throw…
Asian Shares Fall As Delta Variant Casts Shadow Over Growth
Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of…
Nigeria: Confusion As Emirates Says Nigerian Flights Remain Suspended
Emirates’ flights to and from Nigeria will remain suspended until 15 August 2021, the United Arab Emirates (UAE) carrier, has…
Nigeria CEOs Among Best Paid In Sub-Saharan Africa, PwC Says
Chief executives of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, according to a new report by PwC. The median…
The New Forex Ban And Its Short Term Market Reaction
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This announcement was made by…
Nigeria’s Financial System Sound, Stable, Resilient – CBN Governor
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money…
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2%…
Yuan Inches Up, Market Awaits Policy Guidance At Home And Abroad
China’s yuan inched up against the dollar on Thursday, although trade was thin as market participants awaited global policy indications…
DMO Unveils Transaction Advisers For N2.343 Trillion External Borrowing
The Debt Management Office (DMO) on Wednesday revealed that the Federal Executive Council has approved transaction advisers for the issuance…
Dollar Holds Gains After Hawkish Fed Comments
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal Reserve led…
FG Considers Blueprint To Reposition Free Trade Zones
Trade Zones – PUNCH AUGUST 05, 2021 BY Amarachi Orjiude The Federal Government has called on stakeholders in the private…
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Biden To Aim For 50% EVs By 2030 With Industry Support
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment benefits, while…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some…
Tesla Chair Denholm Sells Shares Worth More Than $22 Mln
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options,…
Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair and others
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and saying its Covid-19…
Sterling Steady Above $1.39 Before Bank Of England Meeting
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over the outlook for…
Biden To Push For Electric Vehicles To Make Up 40% Or More Of United State Auto Sales By 2030
President Joe Biden will set a new national target for the adoption of electric vehicles on Thursday, calling for them…
European Markets Inch Higher As Investors Watch Earnings, Bank Of England; Adidas Down 5%
European markets inched cautiously higher on Thursday morningas investors digested more corporate earnings and await a key monetary policy decision…
JAIZ Bank’s Profit Grows By 70%
Jaiz Bank Plc has said its profit after tax rose by 70.1 per cent growth to N1.9bn in the first…
SEC, Issuers Parley To Attract More Listings As Index Rises By 0.03%
The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Securities Issuers Forum (SIF)…
Banking, Industrial Stocks Drive N5bn Market Gain
The banking and industrial indices drove a N5.13bn gain for stock investors amidst negative market sentiment. Nineteen stocks recorded losses…