U.N. Body Raises Global Economic Growth Forecast For 2021 To 4.7%
The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States,…
Category: Business
‘It’s To Protect Local Industries’ — Emefiele Defends Stance On FX Restriction For Milk Importers
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has defended the apex bank’s action in restricting the sale…
Nigeria’s Crude Oil Production Declined By 19.6% In Q4
Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in…
Italy Court Acquits Eni, Shell And All Defendants In Nigeria Graft Case
A Milan court on Wednesday acquitted energy groups Eni and Shell along with a series of past and present managers…
DMO: Federal Government Of Nigeria Spent $243m On External Debt Service In 2020
The federal government expended a total of $243 million on debt servicing between January and December 2020. This is contained…
Stellar Development Foundation Invests $750K In Nigeria Remittance Platform
The Stellar Development Foundation (SDF) just pumped $750,000 into Cowrie, a Nigeria-based fintech platform facilitating crypto remittance transfers. SDF said…
Morgan Stanley Becomes First Major U.S. Bank To Offer Its Wealthy Clients Access To Bitcoin Funds: CNBC
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds, CNBC…
Lenovo’s Parent Company Invests $237 Million In Chinese Chipmaker Fullhan
Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of Chinese…
Greece Sees Strong Demand For First 30-Year Bond Issue In Over A Decade
Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an…
Coinbase To Float About 114.9 Million Shares In U.S. Listing
Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the…
Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that…
FG Okays New N6.98 USSD Rate, Telcos Shelve Withdrawal
Telecommunications operators, yesterday, suspended planned withdrawal of Unstructured Supplementary Service Data (USSD) short code service, otherwise known as banks’ transfers…
EFCC Directs Bankers To Declare Assets By June 1
The Economic and Financial Crimes Commission (EFCC) has given bank employees June 1, 2021 deadline to declare their assets. EFCC…
Nigeria’s Inflation Rises Again, Hit Four-Year High In February
The consumer price index which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The National Bureau of…
Pfizer To Halt Biosimilar Output In China, Sell Assets To WuXi Biologics
Pfizer Inc will stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to…
New York Stays Top In Finance As London Loses Ground, Index Shows
New York kept the top spot in the latest Global Financial Centres Index (GFCI), with London clinging on to second…
Elumelu: Foreign Investors Need Long-Term Plan For Africa
Foreign investors should have long-term investment plans for Africa, because it boasts of huge returns on investment, Chairman, Heirs Holdings,…
Nigeria: Buhari Appoints Executive Directors For Islamic Development Bank, African Development Bank
President Muhammadu Buhari appointed two Nigerians to represent Nigeria’s interests in the African Development Bank, AfDB and Islamic Development Bank…
Tepco Shares Slump 10% After Regulator Slams Breaches At Nuclear Station
Shares of Tokyo Electric Power (Tepco) fell the most in eight years on Wednesday after Japan’s atomic regulator found safety…
Japan Inc Offers Lowest Pay Rises In 8 Years As Pandemic Bites
Japanese companies are offering the lowest wage increases in eight years as labour talks wrap up on Wednesday, in a…
BMW Sees Significant Profit Growth In 2021
German carmaker BMW on Wednesday said it expects a significant year-on-year increase in group pretax profit in 2021 as it…
Trade Restrictions Policy To Protect Local Industries, Emefiele Tells Okonjo-Iweala
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that…
Stock Market Sheds N193bn As Investors Await Clarity On Demutualisation
The market capitalisation of the Nigerian Stock Exchange (NSE) has declined by N173 billion as the euphoria that greeted the…
European New Car Sales Drop By 20% Year-On-Year In February: ACEA
European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took…
Financial Crimes: We’re Focusing Searchlight On Bankers, Says Bawa
In its renewed poise to clamp down on financial crimes in the country, the Economic and Financial Crimes Commission (EFCC)…
Oil Bears And Bulls Grapple As Market Puzzles Over Pandemic Exit
Trading in oil futures is now as heavy as it was in the first months of the COVID-19 crisis, according…
Uber Must Do More On UK Minimum Wage Pledge: Union
Uber drivers in Britain should receive the minimum wage from the time they log on until they log off from…
Back To The ’70s As Fed Fuels Boom And Hopes For No Burns Marks
Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out…
NITDA Imposes N5m Fine On Fintech For Data Breach
The National Information Technology Development Agency has fined Electronic Settlement Limited the sum of N5m for personal data breach. This…
Nigeria Has Only 0.33% Share In Global Trade, WTO DG Decries
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Nigeria’s 0.33 per cent share in…