More German Companies See Worsening International Business In 2021: DIHK
More German companies expect global business conditions to worsen this year than expect improvement, Germany’s DIHK Chambers of Industry and…
Category: Business
Federal Inland Revenue Services Targets N5.9tr Revenue This Year
The Federal Inland Revenue Service (FIRS) has proposed a revenue collection of N5.9 trillion in the 2021 fiscal year. FIRS…
Stock Market Extends Loss By 0.40%
The nation’s bourse extended a negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote…
Wealth Managers Frustrated Over Bitcoin, Anxious For Piece Of The Action
Yet Paulsen, chief investment officer for Leuthold Group, which manages $1 billion, cannot own bitcoin in client portfolios due to…
China Says Will Deter Taiwan Independence But Seek Peaceful Ties
China will resolutely deter any separatist activity seeking Taiwan’s independence but is committed to promoting the peaceful growth of relations…
Credit Suisse Winding Down Greensill-Linked Funds
Credit Suisse is winding down its supply chain finance funds which held most of their roughly $10 billion in notes…
Jay-Z Sells Majority Stake In Tidal To Jack Dorsey’s Square
Both parties confirmed the acquisition in a statement via their respective Twitter handles on Thursday. As part of the deal,…
US Big Tech Firms Jostle For India’s Huge Digital Payments Market
Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among those vying…
India Merchants Almost Halt Exports To Iran As Its Rupee Reserves Fall – Officials
Indian merchants have almost entirely stopped signing new export contracts with Iranian buyers for commodities such as rice, sugar and…
General Motors Looking To Build Second Battery Plant In U.S
General Motors Co is looking to build a second battery factory in the United States with South Korean joint-venture partner…
Bond scares linger, investors look to Powell
Worries about lofty U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair…
OPEC+ Debates Whether To Raise Or Freeze Oil Output As Price Recovers
The market has been expecting the OPEC+ group of producers to ease supply cuts by about 500,000 barrels per day…
Federal Government Approves Establishment Of SIM Swap Centres By Mobile Network Operators
The Ministerial Task Force on the NIN-SIM registration has approved the establishment of SIM Swap Centres by Mobile Network Operators…
Nigeria Ranks Lowest In Internet Affordability – Report
A global study on the quality of digital wellbeing in 85 countries has ranked Nigeria the lowest country in Internet…
Nigerian Team Builds First-Of-Its-kind Technology For Microsoft
Microsoft Mesh, a new mixed-reality platform powered by Azure – that allows people in different physical locations to join and…
Expert Urges Strengthening Of Core Competence, Strategic Reserves
An energy and logistics expert, Elvis Chukwudi Okonji, has urged players in the energy and logistics industry to deepen their…
Nigeria Records N4.9tr Investment Inflows In 5 Yrs
The Nigeria Investment Promotion Commission (NIPC) has said Nigeria’s annual investment inflows averaged $13 billion (about N4.940 trillion) in the…
Fuel Scarcity: Marketers Raise Ex-Depot Price To N163/Litre
Fuel retailers have accused private depots of being responsible for the shortage of Premium Motor Spirit (PMS) popularly called petrol across…
Apple-Supplier Foxconn Flags Strong Start To Year As Lockdowns Spur Electronics Demand
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong…
MTN Records 37.2 Million NIN Enrolment
MTN Nigeria said it has enrolled 37.2 million National Identification Numbers (NINs) for its subscribers in the ongoing exercise of…
The Pains Of Doing Business Online In Africa
With an estimated population of 1.216 billion people, you will agree with me that Africa is a great continent. But,…
Emefiele Rules Out Foreign Investors’ Exclusion From OMO
Foreign portfolio investors (FPIs) will not be barred from participating in the Open Market Operations (OMO) auctions, Central Bank of…
Nigeria Signs Fresh Five-Plug Bilateral Deal On Industrial Growth
Nigeria has signed a $1.4 billion memorandum of understanding (MoU) with Morocco to enhance its industrial capacity and boost the…
Deliveroo To Deliver $7 Billion Dual-Class London Listing
Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and…
Monde Nissin Seeks $1.3 Billion In Philippines’ Biggest Ipo
Philippine food maker Monde Nissin Corp. filed for an initial public offering to raise as much as 63 billion pesos ($1.3…
The Leadership Of Cattle And Foodstuff Dealers Under The Aegis Of Amalgamated Union Of Foodstuff And Cattle Dealers Of Nigeria (AUFCDN) Agreed To End The Blockade Of Supplies To The South.
The leadership of Cattle and Foodstuff dealers under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria…
Bond Scares Spook World Shares, Investors Look To Powell
Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve…
Germany’s Merck KGaA Predicts Earnings Gain In 2021
Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and…
Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week
Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their…
Britain Launches New Pandemic Loan Support Scheme
Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic,…