Pound Under Pressure After UK GDP And Trade Data
The pound came under pressure on Friday after new data showed a decline in trade and the size of the…
Category: Business
5 Arrested In South Africa’s Biggest Banking Scandal
South African Police, on Thursday, arrested five persons in connection with the collapse of VBS Mutual Bank, the country’s biggest…
Bridging Gender Gap To Boost Economic Prosperity In Post-Covid Era
Women across the world face tougher economic prospects than men and the coronavirus pandemic has only made things worse. Women…
Private Sector To Boost Employability Skills Of 1000 Youths
Metanoia Africa and CAIN Africa are partnering with Jobberman to provide free soft skills training for 1000 young people. Participation in the…
Wema Bank Marks IWD, Offers Loan For Female Business Owners
Wema Bank through its female proposition, Sara by Wema will mark this year’s International Women’s Day (IWD) with a webinar…
Shipping Institute Wants FG Develop Delta Ports With Ibori Loot
Capt. Tony Onoharigho, President, Nigerian Institute of Shipping, on Friday urged the Federal Government to use the repatriated James Ibori…
Higher Yields For Investors As T-Bill Rates To Near Double-Digit In H1
Fixed-income investors seeking high-yielding securities in the markets will not be disappointed in the first half of 2021 as analysts…
Higher Inflation Looms As Federal Government Increases Petrol Price To N212.61 Per Litre
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced an increase in the price of Premium Motor Spirit (PMS), otherwise…
Bureaux De Change’s Wage War Against Forex Speculators, Black Market Dealers
The Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDC) operators have declared operational war against foreign exchange speculators and…
Investors Dump Bonds And Gold, Pile Into Equities
Investors piled into equities, while pulling money out of gold and bonds in the week up to March 10, data…
Britain’s Burberry To Beat Forecasts After Sales Rebound
British luxury group Burberry said on Friday it would beat market forecasts for profits and revenues in its final quarter…
Manufacturers Unable To Access Central Bank Of Nigeria’s N1tn Stimulus Facility—MAN
The Manufacturers Association of Nigeria has lamented the difficulty in accessing the Central Bank’s N1tn COVID-19 Stimulus for Manufacturing and…
Southeast Asia’s Grab In Talks For U.S. Listing Via $40 Billion SPAC Deal: Sources
Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with…
Rakuten To Sell 8% Stake To Japan Post In Amazon Battle
Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan…
Deutsche Bank 2020 Bonuses Jump 29% As Bank Turns Profit
Deutsche Bank paid 29% more in bonuses for the past year, the lender said on Friday, rewarding staff for a…
UK Economy Shrinks By Monthly 2.9% In January
Britain’s economy shrank by 2.9% in January from December as the country went back into a coronavirus lockdown, official data…
Hempburger To Go? Thai Consumer Goods Firms Pile Into Legal Cannabis Trade
If the bets of Thailand’s farmed cannabis promoters pay off, Thais could soon be chowing down on hempburgers, washed down…
From $318K To $0: Bitcoin Price Predictions For 2021
What will be the price of Bitcoin in one year? Ten years? Twenty years? Watch our latest video for our…
Asian Stocks Up On Dovish ECB As Biden Signs Stimulus
Asian shares rose on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and after…
National Assembly Is Broke, Needs Bigger Budget To Be Efficient –Reps
The House of Representatives has said the National Assembly is underfunded to function efficiently and effectively as a national parliament.…
Biden: All U.S. Adults To Be Eligible For Vaccines By May, Some Normalcy Coming By Summer
President Joe Biden told U.S. states on Thursday to make all adults eligible for a coronavirus vaccine by May 1…
NANS Commends CBN Cash For Dollar Policy
The National Association of Nigerian Students (NANS) has commended the Central Bank Nigeria (CBN) Governor, Mr Godwin Emefiele for the…
China’s JD.com In Talks To Purchase Stake In Brokerage Worth $1.5 Billion – Sources
JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least…
European Central Bank To Step Up Pace Of Stimulus Program
The European Central Bank said Thursday it will step up its bond-buying stimulus in the coming months, a step aimed…
Federal Government Replaces FIRS With NIPOST As Stamp Duty Collector
The Nigerian government on Thursday said it has replaced the Federal Inland Revenue Service (FIRS) with the Nigeria Postal Service…
‘Nigeria Loses $235b To Non-Passage Of PIB’
Deputy Senate President, Senator Ovie Omo-Agege said yesterday that Nigeria had lost about $235 billion to the non-passage of the…
Nigerian Banks To Stop “Instant Completion” For Forex Transfers Online
Commercial Banks in Nigeria are informing customers that they can no longer make instant online transfers out of their domiciliary…
Central Bank Of Nigeria’s NIRSAL Reopens Portal For MSMEs, Individuals To Access Up To N25 Million
The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has reopened its portal for Micro Small and Medium Enterprises…
Renewed Confidence, Excitement As Nigeria Stock Exchange Completes Demutualisation Exercise
Completion of the 10 -year demutualisation project of the Nigerian Stock Exchange (NSE) has opened a new vista, especially growth…