Stakeholders To Explore Africa Commodity Ecosystem At Investment Summit
Following the impacts of the COVID-19 pandemic on African economies, stakeholders are to meet to review solutions to the continent’s…
Category: Business
‘Federal Government Of Nigerian Must Reposition Capital Market To Accumulate Global Savings’
Experts have stressed the need for the Federal Government to reposition the local bourse to make it more attractive to…
Nigerian Stock Exchange Resumes New Trading Week With 0.22% Loss
The local bourse resumed the first trading week on a bearish note with key performance indicators dropping by 0.22 per…
Ford’s Turkish Joint Venture To Produce Electric Vans From 2023
Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go…
U.S. Lawmakers Seek 20% Boost In Foreign Affairs Budget, With Eye On China
Four Democratic U.S. lawmakers on Tuesday proposed an increase of $12 billion in the country’s foreign affairs budget, hoping to…
Central Bank Of Nigeria Introduces New Charges For USSD Services
The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use…
Private Equity Investors Fret Over Record U.S. Buyout Prices
Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some…
Tech Stocks Lift S&P 500, Nasdaq As Fed Meeting Kicks Off
The S&P 500 hit an all-time high on Tuesday while the Nasdaq touched a two-week peak as technology stocks caught…
Activist Toshiba Shareholders Tipped To Win Crucial Vote On Independent Probe This Week
In a watershed moment for Japanese corporate governance, Toshiba Corp shareholders will vote this Thursday on whether there should be…
Rogers’ ‘Sweeteners’ For $16 Billion Shaw Takeover May Test Canadian Regulatory, Political Patience
Rogers Communications Inc’s efforts to secure its C$20 billion ($16 billion) acquisition of Shaw Communications Inc could be insufficient to…
Fintech Company Flutterwave Announces Partnership With PayPal
Flutterwave, the $1bn fintech company founded by Nigerian-born Silicon Valley enthusiast, Olugbenga Agboola, has announced a new partnership with global…
Inflation Hits 17.33% — Highest In Four Years
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33…
Asia’s Fuel Exporters Target Sales Bump As Refineries Shut Down Under
Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand…
Investment In Clean Energy to Hit $131 Trillion By 2050 Agency Says
Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic…
Germany Bets U.S. Will Make The Best Of ‘Bad Deal’ Nord Stream Gas Link
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian…
Nokia To Cut Up To 10,000 Jobs Over Next Two Years
Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two…
Citing Tailwind, Volkswagen Targets Profit Recovery
Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker…
Zalando Aims For More Than 10% Of Europe Fashion Market
German online fashion retailer Zalando said it aims to capture more than 10% of the 450 billion euro ($536.54 billion)…
Brent Crude Heads Toward $70 As China Energy Demand Outlook Brightens
Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at…
European Markets Set To Open Higher On Recovery Hopes; Fed In Focus
European stocks are expected to open higher Tuesday as market attention focuses on the global economic recovery and the latest…
Fed Likely To Pen Rosier Forecasts, But No Policy Shift Expected
Federal Reserve policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest…
Asian Stocks Follow Wall Street Higher Ahead Of Fed Meeting
An index of the region’s share markets excluding Japan strengthened 0.7%, led by a 1.2% jump in Australia’s benchmark S&P/ASX…
Microsoft Rolls Back Update To Fix Access Issues For Thousands
Microsoft Corp said early on Tuesday glitches that affected access to workplace messaging app Teams, Outlook.com and other services have…
Diginex Projects Bitcoin Will Reach $175,000 By Year-End
The Trust Project is an international consortium of news organizations building standards of transparency Richard Byworth, CEO of Diginex, said…
ABCON Warns Black Market Forex Dealers
The Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDC) operators have declared war on foreign exchange (forex) speculators and…
Criticisms Trail CBN’s Policy As Naira Weakens
The Naira depreciated by 1.04 per cent to N485 per dollar as the new Central Bank of Nigeria’s (CBN’s) Naira…
WTO Concerned About Nigeria’s Foreign Exchange Management – Okonjo-Iweala
The World Trade Organization director-general said on Monday that the WTO was concerned about Nigeria’s foreign exchange management and how…
Buyers Return But Dubai Real Estate Faces Long Road To Recovery
Fancy working from home in a poolside villa, bathed in year-round sun? Prime Dubai properties have been snapped up in…
Tesla Names Musk ‘Technoking’ In Cryptic Regulatory Filing
Tesla Inc added “Technoking of Tesla” to billionaire Chief Executive Elon Musk’s list of official titles on Monday in a…
Federal Government Of Nigeria Assures Labour No Increase In Fuel Price
The Federal Government has assured the tripartite labour community of the organised labour, organised private sector and indeed all Nigerians that…