Investors Seek $1.2 Billion In Damages From Vivendi In Fraud Lawsuit
A group of investors will urge a French court on Tuesday to back its claim for 1 billion euros ($1.2…
Category: Business
The Security And Exchange Commission Partners AfDB To Broaden Market Instruments
To strengthen Nigeria’s securities market regulation and broaden tradable instruments, the Securities and Exchange Commission (SEC) has announced a $400,000 grant…
Investors Lose N240bn As Stocks Extend Losing Streak
Investors in the Nigerian stock market lost N240bn in the first trading week of March as the market capitalisation declined…
Transcorp Hotels Launches Digital Platform
Transcorp Hotels Plc has announced the launch of ‘Aura,’ a new digital platform through which people can book accommodation and…
Nasdaq Futures Slide 2% On Inflation Jitters
Futures tracking the Nasdaq 100 index sank 2% on Monday as the passage of a $1.9 trillion COVID-19 relief package…
Banks Woo Customers With New Central Bank Of Nigeria ‘Naira-4-Dollar’ Policy
Deposit Money Banks on Sunday started wooing customers ahead of the commencement of the latest ‘Naira-for-Dollar’ policy of the Central…
Millionaire Saudi Prince To Buy French Club Chateauroux Published March 8, 2021
A self-confessed lover of “sport and money”, millionaire Saudi Prince Abdullah bin Mosaad is about to become the owner of…
Panasonic To Buy U.S. Software Firm Blue Yonder For $6.5 Billion, Says Nikkei
Panasonic Corp will buy U.S. software firm Blue Yonder for 700 billion yen ($6.45 billion), the Nikkei reported on Monday,…
Price And Policy Fears Drive Chinese Investors Into Cloistered Stocks
Worries about the frothiness of China’s stock market and steps authorities might take to rein it in are forcing investors…
Dollar Stands Tall As U.S. Yields Resume Climb
The U.S. dollar gained on Monday, climbing towards a 3-1/2-month high, as a broad rise in Treasury yields spooked investor…
Brent Hops Past $70 For First Time Since Pandemic Began After Saudi Attack
Brent crude futures climbed above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while…
Iran Slips Record Volume Of Oil Into China, Reaches Out To Asian Clients For Trade Resumption
Iran has quietly moved record amounts of crude oil to top client China in recent months, while India’s state refiners…
Deliveroo Launches London Ipo After Business Surges In 2020
British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge…
Oil, Travel Stocks Boost European Shares
European shares rose on Monday, catching up with a late Friday rally on Wall Street, while oil majors like Royal…
Shares, Dollar Celebrate U.S. Stimulus, Oil At One-Year Top
Asian shares rallied on Monday while the dollar held near three-month peaks after the U.S. Senate passage of a $1.9…
Key Saudi Arabian Oil Site Attacked, Sending Brent Above $70
Saudi Arabia said one of the most protected crude facilities in the world came under missile attack on Sunday, in…
To Sustain Recovery, CBN Extends Interest Rate Cut On Pandemic Loans
The Central Bank of Nigeria’s (CBN) extension of the interest rate it reduced during the pandemic (officially known as discounted…
Bitcoin’s Next Top Could Be Between $75K And $306K, Kraken Research Suggests
A reading of the historical data paints a promising picture for Bitcoin’s potential growth in 2021. Analysis of Bitcoin (BTC)…
Nigeria’s Risk Premium Hits 1yr High Despite Rising Oil Prices
Investors are demanding higher returns from Nigeria to be holders of its debt as compensation for tolerating its high-risk environment,…
Oil Palm Firm Re-Strategises For Optimal Performance
The Okitipupa Oil Palm (OOP) Plc has embarked on some measures aimed at re-strategizing and putting the company on a…
ECOWAS Court Orders Nigeria To Pay N63m, $10,000 Compensation To Germany
The Court of Justice of the Economic Community of West African States (ECOWAS) has ordered the Federal Republic of Nigeria…
World Bank To Spend N27bn On Road Infrastructure In Aba
The World Bank has released a whopping N27 billion for rebuilding of road infrastructure in Aba the economic live wire…
3.8 Million Farmers Benefit From Anchor Borrowers’ Programme – CBN
The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP).…
FG Considers 20% Hike In Petrol Freight Cost
The Federal Government is considering a 20 per cent hike in the cost of freighting petrol across the country, as…
Crude Oil Hits $68 As Goldman Sachs Projects Prices May Rise To $80 By Q3
The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the…
FTSE Russell To Drop Xiaomi, Luokung From Indexes On U.S. Order; Scraps AMEC Inclusion
Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on…
Oil Soars Above $67, Nigeria Earns Additional N318bn/Month
Nigeria may have earned over N318bn additionally in February as a result of the increase in crude oil price in…
US Companies Plan $2.37Bn Investments In Nigeria
United States companies in Nigeria plan to invest over $2.37bn in Nigeria in the next three years, according to a…
China Tells Banks To Scale Back Lending To Contain Financial Bubble Risks: Sources
China’s regulators are telling banks to trim their loan books this year to guard against risks emerging from bubbles in…
Only 9.9% Nigeria Businesses Have Crisis Management Plan — CMC
The global health crisis occasioned by the coronavirus pandemic has thrown up the need for Nigerian businesses to embrace crisis…