Browsing Category
Business
Inflation Rate: The 18.17% Rise Of A Monster
Nigeria's March 2021 inflation rate of 18.17% has riled analysts as the economy gets caught in deep undercurrents.…
ABCON Calls On CBN To Check Cryptocurrencies’ Impact On Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has charged the Central Bank of Nigeria (CBN) to…
Local Currency Sells For N410.33/$ At I&E
The exchange rate of the Naira against the United States Dollar at the Investors and Exporters (I&E) window of…
CANADA FX DEBT-Canadian Dollar Notches 1-Month High Ahead Of Federal Budget
The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday, as the greenback…
Dollar Slide Extends
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected…
Oil & Gas: Nigeria To Account For 23% Of Projects In Africa By 2025 –…
Nigeria may account for 23 percent of all oil and gas projects in Africa within the next four years, a report by…
Currency In Circulation Hit N2.8tn In March – CBN
Currency in circulation rose by N29bn to N2.81tn as of the end of March from N2.78tn as of the end of February, the…
Bolt Reacts As Drivers, Uber Operators Begin Strike
Bolt and Uber drivers began a strike on Monday to demand an upward review of the fares charged by the…
China Leaves Lending Benchmark Rate Steady For 12th Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its…
Bank Of England Joins Global Peers Exploring A Digital Currency
Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank…
UK Banks Launch 95% Mortgages: Everything You Need To Know
A new government-backed mortgage scheme has launched in the UK which will help first-time buyers, or current…
Sterling Bank Launches Mobile POS Solution
Sterling Bank Plc has launched a product called ‘OnePay for Business’, a mobile app that empowers merchants to use…
Autoshow Chip Shortage Casts Shadow On China’s Auto Industry Recovery
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China,…
Coca-Cola Revenue Rises Past Estimates On Easing Pandemic Curbs
Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Monday, fueled by strong demand for its…
Harley-Davidson Boosts Sales Forecast As Quarterly Shipments Rise
U.S. motorcycle maker Harley-Davidson on Monday reported a 10% rise in first-quarter revenue and raised it…
U.S. Banks Deploy AI To Monitor Customers, Workers Amid Tech Backlash
Several U.S. banks have started deploying camera software that can analyze customer preferences, monitor workers…
Insurance Of The future’ll Be Digital, Says Leadway
Insurance companies that want to remain relevant in the nearest future must consciously create digital channels…
China NDRC Approves 16 Fixed-Asset Investment Projects Worth $6.96 bln In Q1
China's state planner said on Monday that it approved 16 fixed-asset investment projects worth a total of 45.4…
Goldman Sachs Invests $69 Million In Britain’s Starling Bank
British digital bank Starling said on Monday that Goldman Sachs (GS.N) had invested 50 million pounds ($69 million)…
Microsoft To Invest $1 bln In Malaysia To Set Up Data Centres – Malaysian PM
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership…
Credit Suisse Serves Investors Thin Gruel As Wall Street Feasts On Deals
While Wall Street rivals feast off a boom in trading and deals, Credit Suisse is stuck in limbo.
The collapse of…
ESR, GIC To Buy Australian Logistics Property Portfolio From Blackstone For $2.9…
Logistics real estate manager ESR Cayman Limited (1821.HK) said it will join with Singaporean sovereign wealth fund…
Make Us Pay Agents For Diaspora Remittances – BDC Operators Tell Central Bank Of…
The Association of Bureaux de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to…
Federal Government Recorded N485.51bn Fiscal Deficit In January – Central Bank Of…
The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of…
India May Build New Coal Plants Due To Low Cost Despite Climate Change
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity…
Coinbase Chief Executive Armstrong Sold $291.8 Million In Shares On Opening Day
Coinbase Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency…
The ‘Metaverse’ Bet: Crypto-Rich Investors Snap Up Virtual Real Estate
What do you do with a $69 million artwork that doesn't physically exist?
That's the question faced by the…
Clubhouse Closes New Round Of Funding That Would Value App At $4 Billion
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on…
Fed’s Waller Says U.S. Economy ‘Ready To Rip’ But Inflation Will…
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable…
GM, LG Energy Solution To Build 2nd U.S. Battery Plant In Tennessee
General Motors Co (GM.N) and South Korean joint-venture partner LG Energy Solution on Friday said they will build a…