Oil Drops As Suez Opens, Focus Turns To OPEC+ Output Cuts
Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and focus…
Category: Business
FG, States’ Debt Profile Rise To N32.92trn – NBS
Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS)…
CEE MARKETS-Zloty Falls To 11-Year Low, Pressured By Pandemic And Low Interest Rates
The Polish zloty weakened to its lowest level since mid-2009 on Monday, underperforming its peers and adding to recent losses…
PayPal To Let US Users Pay With Bitcoin, Ethereum, Litecoin From Today
Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today.…
Court Orders Prompt Hearing Of Suit Against Appeal Court Justices’ Appointment
A Federal High Court yesterday ordered accelerated hearing of a suit seeking to stop, the National Judicial Council (NJC) and…
NLNG Calls For Urgent Development Of Nigeria’s Gas Resources
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has stressed the need for Nigeria…
Wall Street Opens lower As Spike In Yields Pressures Tech Stocks
Wall Street’s main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while…
Fortum Tightens Grip On Uniper In Leadership Shakeout
Finland’s Fortum has tightened its grip on German utility Uniper after a boardroom shake-up that sees changes to the chairman,…
Austria In Talks To Buy A Million Doses Of Russia’s Sputnik V vaccine
Austria is in talks with Russia to buy a million doses of its Sputnik V coronavirus vaccine, which has yet…
Senate Gives CBN Governor 72 Hours Ultimatum To Appear Over ‘Missing $9.5 Million
The Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy-two hours to…
Microfinance Bank Expands Accessibility
Advans La Fayette Microfinance Bank, an international microfinance institution, has expanded its presence in Nigeria by launching a new Lagos…
Nike Sues Maker Of Lil Nas X ‘Satan Shoes’
Nike is suing the art collective behind the Lil Nas X “Satan Shoes” that have sparked a social media backlash.…
BMW Has Got Its Timing Right For Beefing Up Electric Cars: CEO
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker…
Oil Gains As Focus Switches To OPEC+ Extending Output Cuts
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned…
SK Innovation Says May Pull Its Battery Business Out Of U.S.
South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery business out…
Real-Economy Stirrings Show U.S. Leaves Europe In The Dust
Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers leaping to take advantage…
City Of London Says It Expects Bulk Of Workers To Return After Pandemic
The City of London financial district is likely to see most workers return to their offices after the coronavirus pandemic,…
BOJ Warns Of Rising Credit Costs Among Financial Institutions
Japanese financial institutions have seen credit costs rise this fiscal year due to uncertainty over the business prospects of borrowers…
Lagos Accounts For 12.15% As States Debts Hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for 12.15 per cent…
China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index,…
Iran Rejects Ending 20% Enrichment Before U.S. Lifts Sanctions: State TV
– Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV quoted…
Apple Supplier Foxconn Fourth Quarter Profit Misses Estimates
Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc among its major clients,…
Japan Asks Taiwan Manufacturers To Cooperate In Chip Production
Japan has asked some Taiwanese manufacturers to cooperate in alternative production of semiconductors, industry minister Hiroshi Kajiyama said on Tuesday,…
Teamviewer In Five-Year Sponsorship Deal With Mercedes F1 And FE Teams
German software company Teamviewer said on Tuesday that it had struck a five-year sponsorship deal with the Mercedes Formula 1…
“She’s Free”: Traffic In Suez Canal Resumes After Stranded Ship Refloated
Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship which had been blocking the busy…
Crypto Shadow Banking Explained And Why 12% Yields Are Common
A swathe of shadow banks in the $1.6 trillion cryptocurrency market have figured out how to generate returns of 12%…
Explainer: Why Nigeria’s Central Bank Won’t Ease Its Grip On The Naira
Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary Fund and World…
Bitcoin Rises As Visa Moves To Approve Crypto USD Coin
Bitcoin (BTCUSD=X) prices climbed as much as 3% by late-morning in London on Monday following yet more news of potential…
Stanbic IBTC, CAP, Lafarge Top Stocks To Watch This Week
Nigerian stocks were up by N436.250 billion in the week that just went by, buoyed by a number of impressive…
Nigeria Sets N50m Capital Base For Commodities’ Collateral Firms
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set a minimum capital base of N50 million for…