CBN’s FX Policies Spurred Popularity Of The Parallel Market
The parallel market in Nigeria is out of favour with policymakers again, but it is still wildly popular among economic…
Category: Business
Oil Rises On OPEC+ Supply Restraint And Brighter Economic Forecast
Oil prices rose on Wednesday, supported by an OECD forecast for on global economic recovery and by OPEC+ oil output…
GameStop, Other ‘Meme Stocks’ Soar As Markets Eye Stimulus Boost
GameStop Corp and other so-called meme stocks surged on Wednesday, continuing a rally that has put the video game retailer’s…
Volkswagen Hikes Battery Cell Demand In EV Expansion Push: sources
Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for…
Hilton Grand Vacations To Buy Diamond Resorts International For About $1.4 Billion
Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc from funds managed by affiliates of…
General Electric Reaffirms 2021 Free Cash Flow Outlook
General Electric Co on Wednesday reiterated its forecast to generate $2.5 billion to $4.5 billion in free cash flow this…
After Raising $179m, Nigeria’s $1Billion Valued Flutterwave Eyes New York Listing
Nigeria-founded payments company Flutterwave has raised $170 million from investors to expand its customer base, pushing its valuation up to…
Experts Brainstorm On Marketing Communications
A marketing and advertising publication, Marketing Edge, is set to host leading experts in the integrated marketing communications (IMC) sector at the…
NESG Launches Debt Management Initiative
The Nigerian Economic Summit Group (NESG) and the Open Society Initiative for West Africa (OSIWA) have launched the Debt Management…
AfDB Approves $1.3m Grants For Female Financial Inclusion
The African Development Bank has approved two grants for research that will increase African women’s access to a range of…
Central Bank Of Nigeria Receives 286 Proposals For Health Research Grants
The Central Bank of Nigeria has said that it received over 286 proposals from the public for grants under its…
UBA Launches Mobile Banking App For 20 African Countries
United Bank for Africa (UBA) yesterday launched a new mobile banking for Nigeria and 19 other African countries. The app,…
Market Players Seek End To Rising Unclaimed
As listed firms release 2020 full-year results, capital market investors have renewed calls on the Securities and Exchange Commission (SEC)…
Stock Investors Lose N371Bn In One Day
Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the…
Adidas, Telecoms Help European Stocks Eke Out Gains
Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales…
Dollar Edges Up As U.S. Yields Stabilise
The U.S. dollar rose on Wednesday, clawing back some of its losses sustained overnight, as U.S. yields found a floor…
Brands Hope To Cash In On Clubhouse Audio App Frenzy
Last month, during a live game show on audio-chat app Clubhouse, tech entrepreneur and investor Noah Lichtenstein and his co-hosts…
TSX Opens Higher As Gold Miners Track Bullion Gains
Canada’s main stock index opened higher on Tuesday, led by an over 2% rise in materials stocks, as gold miners…
AerCap Confirms Aircraft-Leasing Business Talks With General Electric
Ireland’s AerCap Holdings NV on Tuesday confirmed ongoing discussions with General Electric Co to acquire its aircraft-leasing business. The U.S.…
Oil Rises To $69 As Focus Returns To Tighter Market
Oil rose to around $69 a barrel on Tuesday as investors focused on prospects for tighter supply due to extended…
U.S. Central Bankers Are Mostly White Men. The Feds Wants To Change That
Over more than a century of the Federal Reserve’s existence, the critical job of controlling the cost of money and…
Bitcoin Mania Triggers Fundraising Rush By Chinese Players
Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into…
Three Ships Carrying U.S. Ethanol Head To China – Sources
Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday,…
Chinese Ev Trio Eye Hong Kong Listings This Year To Raise Combined $5 Billion – Sources
U.S.-listed Chinese electric vehicle (EV) makers Li Auto Inc, Nio Inc and Xpeng Inc plan to list in Hong Kong…
Twitter CEO’s First Tweet Draws $2.5m Bid At Auction
Twitter Chief Executive Officer, Jack Dorsey, is auctioning his first ever tweet on a website that sells tweets as non-fungible…
Nigeria Needs Domestic, International Capital To Attain $1.5t GDP By 2030 – Rewane
An economist and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, says Nigeria needs to attract both domestic…
Singapore ‘Bubble’ Business Hotel Welcomes First Guests
Singapore has launched a travel “bubble” business hotel that allows executives to do face-to-face meetings without a risk of exposure…
Oil Prices Rise On Expected Economic Recovery, Likely Drawdown In Oil Stocks
Oil prices rose on Tuesday on expectations of a recovery in the global economy after the U.S. Senate approved a…
Singapore’s Temasek Allots $500 Million For Impact Investing In Leap Frog Tie-Up
Singapore’s Temasek Holdings is committing $500 million to a partnership with private equity firm LeapFrog Investments, in what both companies…
Asian Stocks Recover On Firmer Futures, Retreat In U.S. Yields
Asian stocks recovered from earlier losses on Tuesday, lifted by firmer U.S. equity futures and central bank comments aimed at…