Nigeria Lost U.S.$3.5 Billion To Ports Concession, U.S.$90.5 Million To Airports Deals – House
The House of Representatives yesterday said the country lost over $3.5 billion from the concession…
Category: Business
Naira Gains On I&E Window
The local currency, naira strengthened against dollar on the Investors & Exporters’ (I&E) window, yesterday,…
Onne Multipurpose Terminal Opens For Operations
The Onne Multipurpose Terminal has opened its doors for operations. It commenced container operations at…
Nigeria Governors Okay Full Deregulation Of Petrol, Over 100% Price Hike To N385
Ahead of Thursday’s Federation Accounts Allocations Committee (FAAC) meeting, the Nigeria Governors’ Forum (NGF) on…
World Bank’s IFC To Invest $2 Bln To Support Africa’s Recovery
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support…
The Reinvention Of Canary Wharf
A splashy science campus is set to rise on a site once tagged for Deutsche Bank AG’s…
Bitcoin Struggles For Footing On Worries Over China, Leverage
Bitcoin regained some ground on Thursday from the previous session’s brutal slide to four-month lows…
Nigeria, Others To Receive Fresh $150b From World Bank
The International Finance Corporation (IFC) said on Wednesday it was investing $2 billion to support…
Navy Blames NNPC Over Theft Of 200,000 Barrels Of Crude Oil
The Nigerian Navy yesterday exonerated itself from the loss of 200,000 barrels of crude oil…
Ford to halt production of F-150, Bronco Sport and other vehicles due to chip shortage
DETROIT – Ford Motor will halt or cut production at eight North American plants for varying periods…
Apple’s Head Of Software Admits Macs Have An Unacceptable Amount Of Malware
Apple’s head of software, Craig Federighi, said in court on Wednesday that Apple is not pleased with…
Cisco Returns To Growth But Disappoints On Earnings Guidance
Cisco shares fell 6% in extended trading on Wednesday after the data center networking hardware maker…
Apple’s new iPad Pro Is Super Powerful And Has An Amazing Screen, But The iPad Air is still best for most people
I’ve been testing Apple’s new 12.9-inch iPad Pro for the past week or so. It might…
Bill Miller Isn’t Fazed By The Bitcoin Drop And Says The Volatility Is ‘Pretty Routine’
Longtime bitcoin bull and big holder Bill Miller on Wednesday downplayed the cryptocurrency’s recent wild trading…
Tom Lee Says Stocks May Be Primed For A Big Rally. Here’s why
Tom Lee told CNBC on Wednesday he sees conditions in the market that could help…
Crypto And Market Volatility Got You Rattled? These Stocks Are A Smooth Ride
Volatility in the cryptocurrency and stock market is spooking investors but a handful of stocks…
Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE
By 2010, Anthony Casalena was seven years into bootstrapping his start-up Squarespace, which he’d grown from a…
Lumber Futures Swing 10% In Wild Session As Speculative Frenzy Ends
Lumber futures gyrated in wild trading on Wednesday as traders struggled to determine if a…
Peter Thiel is backing a rival to Elon Musk’s brain implant company
Palantir co-founder and venture capitalist Peter Thiel has invested in a company that’s putting computer chips…
Amazon says vaccinated workers can ditch masks starting next week
Amazon said Wednesday it will soon stop requiring face masks for fully vaccinated workers inside warehouses,…
TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run
Autonomous vehicle company TuSimple on Wednesday claimed that its trucks shaved 10 hours off what’s normally a…
Elon Musk tweets ‘diamond hands’ emoji amid bitcoin drop, implying Tesla won’t sell
Tesla CEO Elon Musk doesn’t appear to be shying away from bitcoin, despite the crypto-wide sell-off, which cut the…
Crypto Tumble Wipes US$600 Billion Off Digital Tokens In A Week
Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency…
Cathie Wood, Still A Bitcoin Believer, Sees It Going To US$500,000
Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that…
Nigeria Cocoa Hurt By Currency Depreciation, Chemical Costs, Officials And Farmers Say
IBADAN, Nigeria–The output and quality of Nigeria’s 2020-21 cocoa crop are likely to suffer as…
Nigeria’s Naira Firms 8% After Hitting Record Low On Official Market
The Nigerian currency, the naira, briefly firmed 8% on Wednesday to 394 to the dollar…
Bitcoin’s Plunge Intensifies, Tanks 30% To $30,000 In Single Day Amid Broad Cryptocurrency Sell-Off
Plunged to near $30,000, continuing a major sell-off that began a week ago. The digital…
China Will Need To Give Up FX Controls Eventually, PBOC Official Says
BC-China-Will-Need-to-Give-Up-FX-Controls-Eventually-PBOC-Official-Says , Bloomberg News (Bloomberg) — China has to give up its control over the…
Hedging Against Inflation
Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market…
Pension Assets Rise To N12.34 Trillion In March
Nigeria’s total pension fund assets appreciated by N100 billion in March to rally at N12.34…