ABCON: ‘Corporate Governance Compliance Key In BDCs’ Operations’
Association of Bureaux De Change Operators of Nigeria (ABCON) has urged Bureaux De Change (BDC)…
Category: Business
Cathie Wood Sees Deflation Returning, Boosting Innovation Stocks And Bitcoin
Cathie Wood is going against the grain yet again — this time on inflation. The…
Bank Of America Hikes Price Target For Nvidia To $750 After Earnings Beat
The latest earnings report from Nvidia should help the semiconductor giant’s stock continue its hot streak, according…
France In Double-Dip Recession At Start Of 2021 After Revisions
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. France’s statistics agency…
CBN Moves To Curb $580m Annual Cassava By-Product Imports
Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of…
Bitcoin Falls Back Below $40,000 As Cryptos Plunge Yet Again
Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its…
Illegal Oil Deals: FG Fails To Recover $69bn Loot In American Banks
An American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, has traced $69bn …
Pound Ticks Up On Bank Of England Policymaker’s Rates Rise Comment
The pound (GBPUSD=X) rose against the dollar on Thursday afternoon, after Bank of England (BoE)…
China’s Yuan Rises To Strongest Since ‘16 Versus Basket Of Peers
The yuan’s rally gathered pace on Thursday, with the Chinese currency rising to its strongest…
Govt Seeks Single-Digit Interest For MSMEs
The Minister of State, Industry Trade and Investment, Mariam Katagum has called for single digit…
Stock Market Extends Losses By N12 Billion
The stock market extended losses to three consecutive sessions yesterday, causing market capitalisation to depreciate…
Nigeria Needs $2b Monthly For Fiscal Sustainability As FG Builds Oil Reserves
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion…
Yuan Advances To New 3-Yr High As PBOC Yet To Show Discomfort With Recent Gains
China’s yuan advanced further to a new three-year high against the dollar on Thursday, as…
Dollar Firms As Traders Brace For U.S. Inflation Gauge
The dollar found support on Thursday from a sense that the Federal Reserve is slowly…
PSSP Capital Base Jacked Up To N250m
The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service…
Cramer Says Investors Who Are Short GameStop And AMC Are Out Of Their Mind
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC…
Bitcoin Crash Opens Door To A Tax Loophole For Investors
Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a…
Kiwi Dollar Holds Onto Gains After Surprise Rate Hike Projection; Dollar Steady
While the dollar was steady around 5-month lows in early London trading on Wednesday, the…
Nigeria To Earn N320 Billion From NNPC, Bonga PSC Deal
The Nigerian National Petroleum Corporation (NNPC) and Bonga Production Sharing Contract (PSC) partners, have signed…
How Apple’s 2015 Negotiations For Time Warner Bundling Deal Briefly Led To Acquisition Talks
As AT&T and Discovery discussed putting together their content assets, they specifically structured a deal to give the combined company…
Discord CEO on reported Microsoft bid: ‘We did receive a lot of offers.’
It’s been reported that a $10 billion bid made by Microsoft for gaming platform Discord fell apart. Discord…
Microsoft’s cloud boss says the company doesn’t want to compete with doctors
Thanks to its pending acquisition of Nuance Communications, Microsoft will soon have a suite of software tools that…
Amazon’s ad revenue is now twice as big as Snap, Twitter, Roku and Pinterest combined
The major growth in Amazon’s advertising unit means its revenue contribution is now 2.4 times as…
Twitter CFO Ned Segal says e-commerce is becoming more important for the company
Twitter CFO Ned Segal said Tuesday that e-commerce will be more important for the social media…
Oil Drops With Prospect Of Iran Deal Weighed Against Demand
Oil snapped two days of gains as investors weighed talks of higher Iranian supply against…
CBN Raises Capital Requirements For Payment Solutions Service Providers To N250 Million
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems,…
Central Banks Running Out Of Options As Recovery Falters In Asia
Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what…
Nigeria’s Economy Grows In First Quarter On Oil Price Rise
Nigeria’s economy grew 0.5% in the first quarter, lifted by higher crude production and oil…
Sterling Edges Closer To Year’s High
Britain’s pound neared its high for the year on Tuesday, boosted by expectations of further…
Gold Steady Near Multi-Month Highs On Weaker Dollar
Gold steadied near its highest in more than four months on Tuesday, buoyed by a…