Exxon, Chevron Take A Slow Walk On The Path To U.S. Shale Recovery
Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a…
Category: Business
Alibaba-Backed Energy Monster Caught In Legal Dispute Ahead Of U.S. Listing
Energy Monster, China’s biggest mobile device power bank startup backed by Alibaba and SoftBank, is embroiled in an ownership dispute…
Saudi Arabia Seeks To Draw In Foreign Companies
Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters in Riyadh. The…
Banks Warn On Losses After Archegos Capital Stock Unwind
Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources…
Nigerian Startups Raise More Money In A Single Month Than Whole Of 2020
In a month tech investors decided to open their investment wallets in an unusual manner, five Nigerian startups have found…
Central Bank Digital Currencies: Challenges And Prospects
We expect central bank digital currencies (CBDC) to gain further momentum. This will likely be driven first and foremost by…
Facebook, Google Suggest Reform
Facebook Chief Executive Mark Zuckerberg has laid out steps to reform a key internet law on Wednesday, saying companies should…
Federal Government Of Nigeria Begs States To Back Actualisation Of 70 Per Cent Broadband Penetration
Minister of Communications and Digital Economy, Dr. Isa Pantami, has appealed to state governments to cooperate with service providers in…
Citi hires Goldman’s Chief Diversity Officer
Citi Group said on Friday that it hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its…
Afreximbank, NEXIM Sign $50m Fund MoU To Stimulate Local Industries
African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a…
Building Stronger Post COVID-19 GDP Growth With Fiscal, Monetary Buffers
For most analysts, Nigerian economy’s sudden exit from recession in the fourth quarter (Q4) of 2020 came as a surprise, driven…
At Last, FG To Increase Petrol Pump Price
After dillydallying, it is now official that the liability Nigerians fear most, fuel subsidy, is real and active after the…
Bulls Maintain Dominance As Capitalisation Rises By N45 Billion
The bulls maintained dominance on the equity sector of the Nigerian Stock Exchange (NSE) as more blue-chip stocks appreciated, resulting…
Nigeria’s Parliament Could Pass Oil Reform Bill In April -Minister
Nigeria’s parliament may pass the long-delayed Petroleum Industry Bill (PIB) in April, the country’s minister of state for petroleum said…
Africa Prudential Plc Declares N1 Billion Dividend For Shareholders
Africa Prudential Plc— A digital Technology and Investor Services firm listed on the Nigerian Stock Exchange—held its Annual General Meeting…
NNPC Yet To Remit N4.07 Trillion From 2015/2016 Crude Sales
A review of the 2015/2016 audited report of the Nigeria National Petroleum Corporation (NNPC) has revealed that the organisation may…
Demand For German Goods Keeps Economy Humming Through Lockdown
German business morale hit its highest level in almost two years in March as rising demand for manufactured goods kept…
Bank Of England Urges Banks To Keep The Lending Taps Open
The Bank of England called on lenders on Friday to provide enough credit to companies to see them through the…
U.S. Bail-Bond Insurers Spend Big To Keep Defendants Paying
Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United…
Commodity Gains Push European Stocks To 1-Week High
European stocks rose on Friday, helped by gains in commodity-linked companies as investors balanced worries about surging coronavirus cases with…
China Potential Economic Output May Grow 5%-5.7% Over 5 Years: Central Bank Working Paper
China’s potential economic output is expected to grow 5%-5.7% over the next five years, according to a central bank working…
Foreign Funds Have Billions At Stake In Turkish Market Volatility
Foreign funds have reported about $3.4 billion in Turkish stock and sovereign dollar bond holdings so far this year, much…
Apapa: MAN Fumes As Gridlock Threatens 2,000 Export Cargoes
The Manufacturers Association of Nigeria Export Group, the Federation of Agricultural Commodity Association of Nigeria, and other stakeholders have lamented…
Total Nigeria Trains 2,181 Fuel Truck Drivers
Total Nigeria Plc says it has trained 2,181 drivers in the last four years against the backdrop of serious concerns…
Canada calling? Hong Kong Residents Shift Billions Abroad After Clampdown
As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city…
Dollar Holds Advantage On Economic Optimism, Euro Looks Vulnerable
The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to…
Wrong For China To Sanction UK Individuals: British Minister
British housing minister Robert Jenrick said it was wrong for China to have sanctioned UK individuals and entities over what…
Uber To Reopen San Francisco Offices With Limited Capacity Next Week
Uber Technologies Inc said on Thursday it plans to reopen its offices at Mission Bay, San Francisco, with 20% occupancy…
Burberry Becomes First Luxury Brand To Suffer Chinese Backlash Over Xinjiang
Burberry has lost a Chinese brand ambassador and its hallmark tartan design was scrubbed from a popular video game, becoming…
Japan Approves Bill To Oversee Land Deals Near Defence Bases, Border Islands
Japan’s cabinet approved on Friday a bill that will tighten oversight of land deals and land use near military facilities…