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Business
BUA, 27 Others Now Have Active Refinery Licences, Says DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery &…
New Zealand Bill Would Require Banks To Disclose Climate Risks, In A World First
New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the…
We’re Losing Millions Of Dollars Selling Cements In Nigeria-Dangotedo
Dangote Group says its cement is cheaper in Nigeria than in Ghana and that it is losing dollar earnings focusing on…
France To Open €3.5bn Initiative For SMEs In Nigeria
The French Minister of Foreign Trade and Attractiveness, Franck Riester, had arrived in Nigeria to open the ‘Choose…
BUA’S $300m Sugar Refinery Ready Next Year
BUA Group is working towards unveiling its 10,000 tons cane per day (tcb) sugar refinery in the first quarter of…
Europeans Want Digital Euro To Be Private, Safe And Cheap: ECB Survey
Euro zone citizens expect the European Central Bank’s proposed digital euro to be private, safe and cheap, an ECB…
French Finance Minister Reaffirms 5% Growth Forecast For France In 2021
French Finance Minister Bruno Le Maire reaffirmed on Wednesday that the French economy should grow by 5% in 2021,…
LVMH Shares Hit Record High After Strong Sales Figures
LVMH’s shares rose to record highs on Wednesday after the world’s biggest luxury goods company posted sales figures…
KKR-Backed Pizza Platform Slice Raises $40 Million In Latest Funding Round
Slice, an online ordering platform which helps small pizzerias compete with large chains, said on Wednesday it…
Toshiba CEO Steps Down, Shares Surge On Bidding War Expectations
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC…
Tesco Reports 2 Billion Pounds Profit After ‘Exceptionally Strong’…
Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating…
EasyJet Sees More Flying From Late May
British airline easyJet said it expected to start to fly more from late May onwards, guiding that overall in its…
A $9 Million Boss? UniCredit Investors To Decide How Much Orcel Is Worth
Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue…
World Stocks Hit Record High As Bond Yields Ease
Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was…
Buying Diamonds In Lockdown? WhatsApp Can Be Your Best Friend
As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to…
Coinbase Listing Marks Latest Step In Crypto’s March To The Mainstream
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a…
Russia Calls U.S. An Adversary, Warns Its Warships To Avoid Crimea
Russia on Tuesday called the United States an adversary and told U.S. warships to stay well away from Crimea “for…
Tech Stocks Push S&P 500 To Record Close, Buoy Nasdaq
The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook…
OPEC Raises 2021 Oil Demand Growth Forecast On Hope Pandemic Wanes
OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will…
JPMorgan Downgrades Emerging Market Currencies To ‘Underweight’
Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot…
Black Americans Are Embracing Stocks and Bitcoin to Make Up for Stolen Time
They’ve heard it all before. Set a budget. Avoid high-interest debt. And, oh yes, it sure is smart to get that…
Egypt Seizes Suez Ship ‘Ever Given’ Pending $900 Million Compensation
An Egyptian court allowed the ship that blocked the Suez Canal last month to be seized after a request from the…
We’ve Lost Dollars To Sell Cement In Nigeria – Dangote
The manufacturer responds to reports its cement cost more in Nigeria than in other African countries.
The…
CBN to Commence Enrolment of All DFIs, MFBs, PMBs and FCs on the CRMS Platform
As part of the efforts to promote a safe and sound financial system in Nigeria, the CBN introduced the CRMS to…
The Chinese Yuan Is Going Completely Digital
Yesterday, I explained how China has moved to a mostly cashless society... and how it's planning to go completely…
Qatar To Pump Nigeria’s Economy With $5 Billion Investment: Reports
Qatar is eyeing up plans to invest $5 billion into the African country’s economy, Nigerian media reported on…
Nigerian Exchange Launches New Corporate Identity
Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure in Africa, has launched of its…
CBN To Clamp Down On Bad Debtors To OFIs
The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial…
How Many IMF Reports Does It Take To Dim The Moon’s Lustre?
Time was when the International Monetary Fund (IMF)’s numbers on the domestic economy mattered. “What to make of…
More Asian Countries Thick-Skinned About FX Manipulation Tag
A larger number of Asian countries and economies could join the ranks of those branded currency manipulators by the…