Nigeria Obtains $1 Billion Loan To Support MSMEs— Minister
The facility has a long-term tenor, alongside moratorium benefits. The Bank of Industry (BoI), under the supervision of the Ministry of…
Category: Business
US Stocks Set For A Rebound
There has been a surge in air travel with this year’s spring break, but a recovery in flights by business travelers…
China May Just Have Doomed Its Trade Deal With Europe
China and the European Union rang in the new year by striking a major investment deal intended to strengthen their…
Futures Rise Ahead Of March Business Surveys; Intel Shines
U.S. stock index futures rose on Wednesday as Intel’s shares surged on plans to expand advanced chip making capacity, while…
Google Signs News Content Deals With Italian Publishers
Alphabet Inc’s Google has sealed its first licence agreements in Italy with several publishers to offer access to some of…
Dangote Cement To Pay Over N97billion In Corporate Tax For 2020
Africa’s largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of…
Nigeria: Federal Housing Authority Begins Payment Of 200 Contractors
The Federal Housing Authority on Tuesday said it had commenced the payment of contractors who had completed their jobs. Last…
Airlines Must Pay All Charges Except Duty, VAT -NCS
The Nigeria Customs Service on Tuesday said airlines operating across the country including Air Peace must pay all other appropriate…
BUA Chairman Rabiu Launches $100m Annual Africa Fund
The Abdul Samad Rabiu Initiative has launched a $100m Annual Africa Fund for social development and renewal; $50m to Nigeria…
Euro Zone Economy Back To Growth In March As Factories Roar: PMI
Euro zone economic activity made a surprise return to growth this month as factories ramped up production to its fastest…
TSMC Shares Slide, As Taiwan Plays Down Intel’s $20 Billion Expansion Challenge
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell nearly 4% on Wednesday after Intel Corp announced a $20 billion plan…
Tencent’s Quarterly Profit Jumps 175%, Above Forecast
Chinese gaming and social media giant Tencent Holdings Ltd on Wednesday reported a forecast-beating 175% rise in quarterly profit. The…
China’s Didi Leans Towards New York Over Hong Kong For IPO, Eyeing At Least $100 Billion Valuation
China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering…
Locked-Down Europe -Cash To Spend, Nowhere To Spend It
Only a few weeks ago, many European countries were hoping their more affluent citizens would by now have started spending…
Musk Says ‘Can Now Buy A Tesla With Bitcoin’
Tesla Inc’s Elon Musk tweeted here on Wednesday, “you can now buy a Tesla with bitcoin.” -Reuters
UK Inflation Unexpectedly Falls in February
British consumer price inflation fell to 0.4% in February from 0.7% in January, reflecting unusual patterns of clothing discounts, official…
Bank Lending To Fossil Fuel Industry Down 9% In COVID-Hit Year
– The world’s biggest banks cut lending to fossil fuel firms by 9% in 2020 as a result of the…
Toyota To Reinvest In Isuzu To Partner On Connected Commercial Vehicles, Fuel Cells
Toyota Motor Corp will reinvest in Isuzu Motors Ltd to work together on connected commercial vehicles and fuel cells, the…
Nigerian Central Bank Leaves Benchmark Rate Unchanged, Denies New FX Policy
Nigeria’s central bank held its benchmark lending rate at 11.5% on Tuesday, said Governor Godwin Emefiele, who also denied that…
Nigeria Devalues Currency As It Adopts Flexible Rate
Nigeria adopted a new flexible exchange-rate policy for official transactions in a move that effectively marks the third devaluation of…
Marginal Fields: FG Set To Realise $500m Target As Buyers Pay 50% Of Signature Bonus – Sylva
THE Federal Government, Tuesday, said it would likely realize the $500 million (N189.5 billion) target from the sale of the…
Path to varsity/poly certificate dichotomy, by FG
The Federal Government, yesterday came out clean on the perennial first degree/HND dichotomy, stating that the crisis could only be…
IMF Likely To Revise Higher Its Nigeria Growth Forecast – IMF Nigeria Mission Chief
The International Monetary Fund is likely to revise higher its growth forecast for Nigeria, its mission chief said on Tuesday.…
FG Plans To Commit $3 Billion In Power Sector In 24 Months
The Federal Government disclosed a plan to commit $3 billion to the power sector in the next two years. The…
Oil Market – Nigeria’s Bonny Light Price Dips By 36% – Investigation
With the continued negative impact of the Coronavirus pandemic and other factors, the average price of Nigeria’s Bonny Light has…
Nigerian Fintech Startup, Blueloop, Gets YC Backing As It Plans Global Expansion
Nigerian fintech startup, Blueloop, has been accepted into the Winter 2021 batch of US-based accelerator, Y Combinator. The startup will…
Accounting Profession Needs Flexibility To Help Economy’
AO & FA Consulting has said its entry into the financial sector will add value to Nigerian economy. With a…
CBN Releases List Of 47 Approved IMTOs
The Central Bank of Nigeria (CBN) has released the list of 47 International Money Transfer Operators (IMYOs) approved to receive…
FG To End Electricity Subsidies by December 2021
The federal government intends to end the current subsidy being paid on electricity by the end of the year, Special…
Amazon Was Supposed To kill Instacart. Instead Instacart Became A Mini-Amazon
When Amazon bought Whole Foods in 2017, the outlook appeared bleak for Instacart. Not only did the grocery delivery startup suddenly have to compete…