Adidas Raises Outlook Despite Falling Sales In China As Boycott There Continues
Adidas has increased its outlook for the year, despite a drop in sales in China where some consumers have boycotted…
Category: Business
NNPC Buys $2.76bn Stake In Dangote Refinery
The Nigerian National Petroleum Corporation(NNPC) is forging ahead with its plans to buy 20 percent stake in the Dangote Petroleum…
Different From Bitcoin’ — What You Need To Know About ENaira, CBN’s Proposed Digital Currency
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira)…
Oil Settles Lower In Volatile Trade On Worries About Delta Variant
Oil settled lower on Tuesday, as concern about rising cases of the Delta coronavirus variant outweighed expectations for another weekly…
JPMorgan Blames Turkey’s Volatile Lira For Investor Misgivings
The lira’s best month this year may only serve to highlight the volatility that still haunts Turkish assets. For JPMorgan…
Oritsejafor: Domestic Investors Will Continue To Dominate Equities Market
Managing/Chief Executive Officer of United Capital Securities Limited, Mr. Bawo Oritsejafor in this interview with Goddy Egene speaks on the…
Shipping Losses At Historic Lows, As Covid, Mega-Ship Remain Challenge – Allianz
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges,…
Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm
The Federal Government has directed the Nigerian Sovereign Investment Authority to source $200m for settlement of International Court of Arbitration…
Yen Libor Death Knell Sounds As Traders Close In On Replacement
The hunt for a benchmark to replace yen Libor is gaining ground, with Japan’s traders leaning toward the Tokyo Overnight…
Foreign Investors Withdraw N116.72bn From Stock Market In Six Months
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury…
DMO Offers FG Savings Bonds For Subscription At N1,000 Per Unit
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000…
Zainab Ahmed: Nigeria Imported 400,000 Vehicles In 5 Years
Ahmed said this during a sensitisation programme on the national vehicle registry (VREG) platform in Kano on Tuesday. She said…
Cargo Haulage Cost Falls By 70% In 1 Month Over Low Import
The cost of cargo haulage from the Lagos ports has dropped by about 70 percent in the last one months,…
CBN Sets N1m As Application Fee For Payment Service Holding Company Licence
Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday. The guideline requires companies…
BDC’s Damage To Nigeria’s Economy Colossal – Finance Expert
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he described as…
Mixed Reactions Trail CBN’s Hammer On Forex Sales To BDCs
The Central Bank of Nigeria’s (CBN) decision to stop forex sales to Bureau De Change (BDC) operators has continued to…
Wall Street Set To Pull Back After S&P Hits Record High
Wall Street’s main indexes were set to open lower on Wednesday following a record close for the S&P 500, while…
U.S. Private Payrolls Growth Slows In July- ADP
U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials. Private…
Brazil Retailers Hunt For M&A Deals To Compete For E-Commerce Dominance
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions…
New York Times Digital Subscription Growth Slows To Lowest In Three Years
The New York Times Co’s (NYT.N) quarterly digital subscription growth slowed to its lowest in three years as the news cycle cooled…
Factbox: China’s Key Commodities Targeted By Beijing’s Recent Measures
As a key producer, importer and consumer of most of the world’s major commodities, China is uniquely sensitive to sharp…
Tyson Foods, Microsoft Mandate Vaccinations, U.S. Automakers Mask Up
Tyson Foods Inc (TSN.N), Microsoft Corp (MSFT.O) and Detroit’s Big Three automakers joined a growing list of U.S. companies that are changing their…
Toyota, Honda Beat Profit Estimates But Warn Of Extended Chip Crunch
Toyota Motor Corp (7203.T) posted record quarterly earnings and Honda Motor Co (7267.T) raised its annual profit forecast on Wednesday as post-lockdown sales surge,…
Stocks making the biggest moves premarket: General Motors, CVS Health, Kraft Heinz, Tupperware and others
General Motors (GM) – General Motors missed the consensus estimate of $2.23 per share with an adjusted second-quarter profit of…
General Motors Misses Wall Street Second-Quarter Earnings Expectations, Raises 2021 Guidance
General Motors missed Wall Street’s earnings expectations for the second-quarter despite a strong profit and raising its guidance for the year.…
Made in China’ Products Are Running Into New Logistics Problems
Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses…
After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators (MNOs) that birthed the revolution…
Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their…
Oil Falls A Second Day With Delta’s Spread Threatening Demand
Oil fell for a second day as the spread of the delta coronavirus variant, including in the key market of…
Sterling Gains On Optimism For UK’s COVID-19 Restrictions Outlook
Sterling rose on Tuesday, helped by recent falls in COVID-19 infections in Britain, optimism around Britain’s easing of lockdown restrictions…