W’Bank Revises Nigeria, Others’ Growth Forecast to 3.4%
The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent…
Category: Business
Stakeholders Seek Fiscal Incentives, Policy Harmonisation To Stimulate Recovery
Worried by the N628 billion loss suffered by equity investors in the first quarter (Q1), market players have urged the…
UN, FG check, Validate Nigeria’s Social Protection Policy
The Federal Government and joint development partners from the United Nations held a meeting on Wednesday to conduct a quality…
UAC Of Nigeria Returns To Profitability, Recommends 120 Kobo Dividend
UAC of Nigeria Plc (UAC) has announced its audited results for the year ended December 31, 2020, showing a profit…
SEC Lists Benefits Of Non-Interest Capital Market
The Securities and Exchange Commission (SEC) has described the non-interest capital market sector as a unique asset class that is…
BUA’s Profit Rises To N72.3Bn
BUA Cement Plc has said its profit after tax rose by 19.4 per cent to N72.3bn at the end of…
FG Approves New Policy Framework for MSMEs
The Minister of State, Federal Ministry of Industry, Trade and Investment, Mrs. Maryam Yalwaji Katagum, has said the Federal Executive…
IMF Demands Debt Data Accuracy, Transparency From Nigeria, Others
A day after the National Bureau of Statistics (NBS) released report that said states and federal debts had hit N32.92…
Equities Reverse Gains As Capitalisation Plunges By N119b
Transactions on the floor of Nigerian Stock Exchange (NSE) reversed gains to close on a downward note yesterday, as market…
Nigerian Stocks: List of Dividends announced in 2021
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
Brazil’s Unemployment Rate Rises To 14.2%
Unemployment in Brazil rose in January for the first time in four months, figures showed on Wednesday, kicking off the…
Dollar Hits One-Year High On Recovery Bets, Yields Lend Support
The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet…
ByteDance Considers Listing Douyin In New York Or Hong Kong: Sources
ByteDance is in talks about a possible offshore listing of its short video app Douyin, the Chinese version of TikTok,…
Hitachi To Buy U.S. Software Developer GlobalLogic For $9.6 Billion
Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt,…
Volvo Cars To Review Various Options Including IPO, Geely Says
China’s Zhejiang Geely Holding Group said on Wednesday its Volvo Cars would explore capital market options including a potential initial…
H&M Slips To Loss, Pledges To Rebuild Trust In China After Backlash
H&M reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in…
Mastercard, Rivals ‘Ran Cartel’ On Cards For The Vulnerable, UK Watchdog Says
-Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of…
NEXIM, Afreximbank Mobilise $50m Funding For SMEs
The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support…
$1.5bn For Port Harcourt Refinery Rehabilitation Outrageous – Reps Caucus
The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery,…
Ericsson Opens Lab In Canada To Test New 5G Tech
Ericsson is opening a lab in Ottawa, Canada, to work with customers and partners on new 5G radio access networks…
Daimler To Speed Up Electric Shift As 2021 Starts Strongly
Daimler has got off to a good start in 2021 despite a global shortage of semiconductor chips, and plans to…
Bayer To kick Off Sale Of $2.4 Billion Pest Control Unit This Summer – Sources
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this…
Asian Shares Wobble, Set For Monthly Loss On Bond Rout
Asian stocks were on the backfoot on Wednesday while the safe-haven dollar held near a one-year high as Treasury yields…
Amaechi: We Have Borrowed $2.6bn From China For Lagos-Ibadan Rail
Rotimi Amaechi has confirmed that the Federal Government of Nigeria has borrowed about $2.6billion from China Exim Bank for the…
4 Reasons For Big Moves In Currencies This Week
It will be another busy week for the financial markets with potentially big moves in currencies and equities. On Wednesday, President…
Battered Lira Lures Back Japan Traders Looking For Yields
The Turkish lira’s tumble last week flushed out a number of bullish traders. Some Japan’s retail investors are already starting…
Gen X Emerging From Pandemic With Firmer Grip On America’s Wallet
Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump…
Market Forces Should Determine Gas Prices For Sustained Growth – DPR
The Department of Petroleum Resources, DPR, yesterday, advocated that market forces should be allowed to determine gas prices, so as…
Nigeria Will Continue To Rely On Natural Gas As A Transition Fuel — Sylva
Nigeria will continue to rely on natural gas as a transition fuel for key power generation while pursuing renewable for…
Naira Sells For N409.13/$1 At I&E As Crypto Market Recovers
The Naira opened the week in the positives at the Investors and Exporters (I&) window on Monday, March 29, appreciating…