Euro Set For Biggest Monthly Drop Since Mid-2019; Yen Shorts Grow
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Category: Business
China Sanctions US, Canadian Citizens Over Criticism Of Treatment Of Uighurs
The European Union, Britain, Canada and the United States sanctioned several members of Xinjiang’s political and economic hierarchy this week…
Dollar Drought: Neither CBN Nor Emefiele
There is dollar drought in Nigeria. It has become the biggest challenge for the Central Bank of Nigeria, CBN, in…
Exclusive: Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its…
SEC Unveils New Rules On Commodity Trading
To ensure a vibrant commodities trading ecosystem, the Securities and Exchange Commission (SEC) has unveiled new rules on warehousing, collateral…
Shell, Nigeria’s Aiteo Locked In Legal Battle Over Loan Default
Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that…
AfCFTA: Nigeria To Establish Trade Remedies To Tackle Fraudulent Invoicing
As part of its commitment to a successful implementation of the African Continental Free Trade (AfCFTA) Agreement, the federal government…
China’s Yuan Fixing Once Again Draws Attention As Rally Falters
China’s daily yuan fixing is once more drawing attention. A bout of sudden weakness in the currency has traders looking…
NIN: Telcos Lose 11.8 Million Subscribers In Four Months
The number of telecom subscribers in the country dropped by 11.84 million in four months, according to latest industry statistics…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Nigeria On Alert Over Fake COVID-19 Vaccines Shipped To Africa
The Nigerian government has placed its agencies on alert following speculations of fake COVID-19 vaccines reportedly dispatched to Africa. The…
Is Economy On The Verge Of Recovery In Q1?
Contrary to expectations, the gradual but steady rise in economic activities across the sectors in the first quarter of 2021…
U.K. Man Must Pay $571 Million Over Stolen Bitcoin, CFTC Says
A U.K. man accused of scamming consumers into sending him more than 20,000 Bitcoin has been ordered to pay $571…
Oil Gains As Shipping Remains At A Halt In The Suez Canal, But U.S. Prices Log A Weekly Loss
Crude-oil futures finished higher Friday as a 220,000 ton cargo ship blocked the Suez Canal for a fourth straight day…
Deliveroo Narrows Price Range Ahead Of London Market Debut
Food delivery group Deliveroo has narrowed the price range on its initial public offering, ensuring its order books were fully…
Futures Slip As Bank Stocks Fall On Hedge Fund Default Concerns
U.S. stock index futures dropped on Monday after Wall Street’s surge in the prior session as major lenders came under…
US Not Ready To Lift Tariffs On China —Official
President Joe Biden’s new trade negotiator has said the United States is not yet ready to lift tariffs on Chinese…
Seplat Issues $650m Five-Year Senior Notes
Seplat Petroleum Development Company Plc, a Nigerian independent energy company, said on Sunday that it had priced its offering of…
Oil Falls On Hopes That Suez Canal Blockage Might End Soon
Oil fell on Monday as a container ship blocking Suez Canal for nearly a week was partially refloated raising hopes…
Toyota Presses Australia To Promote Roll-Out Of Hydrogen Fuel Stations
Toyota Motor Corp on Monday opened its first commercial hydrogen fuel pump site in the Australian state of Victoria, urging…
Australia’s AMP Says Ares Keen To Buy Unit’s $1.7 Billion Private Markets Business
Troubled Australian wealth manager AMP Ltd said on Monday that Ares Management was interested in a potential buyout of its…
Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its…
Investors BlackRock, Vanguard Join Net Zero Effort
Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to…
Nomura Flags $2 Billion Loss, Cancels Bond Issue; Shares Plummet
Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan’s biggest brokerage and…
Daily Fuel Consumption Hits 72.72m litres, Marketers Blame Smuggling
Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the…
Federal Government Moves To Revive Oil Fabrication Yard In Lagos
The Federal Government has expressed its readiness to assist in reviving a multimillion-dollar oil fabrication yard in Lagos State stalled…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Treasury Wine Faces 175.6% Duty Rate For Australian Wine Exports To China
Treasury Wine Estates Ltd, the world’s largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6%…
Singapore Wealth Fund Buys 2.5% Stake In Cellnex From Benetton Family
Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from…
France, EU Close To A Deal On Air France Bailout: Minister
France and the European Union are close to a deal on a bailout for Air France, which like other carriers…