Petrol Scarcity, Ploy To Hike Price, Say Marketers
The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as…
Category: Business
World Bank Withdraws Funding For Fossil Fuel Projects
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has disclosed that the World Bank…
Oil Demand To Reach 100m Barrels A Day In Four Years – McKinsey
Oil demand is expected to take two to four years to return to 2019 levels, depending on the duration of…
Managing Risk Associated With Capital Market Investment
The capital market is, generally, regarded as a safe haven for investment. There, your money works for you. The market…
Oil Price Rebounds To $66 Ahead Of OPEC Meeting
Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum…
2m Urban Youths To Benefit From USAID $15m Project
The U.S. Agency for International Development (USAID) has launched a new activity designed to empower as many as two million…
Abercrombie & Fitch Profit Beats On Lower Costs, Higher Holiday Pricing
Abercrombie & Fitch Co reported a better-than-expected quarterly profit on Tuesday and said it would resume share buybacks, as the…
Brazil Monthly Producer Price Inflation 3.36% In January, Second Highest Since 2014
The monthly rate of producer price inflation in Brazil kicked off this year at its second highest since comparable records…
US Trade Rep Nominee Says She will Fight ‘unfair’ Chinese Trade
President Joe Biden’s US nominee for trade representative, Katherine Tai, says she will work to fight a range of “unfair”…
China Is Sounding The Alarm About A Global Market Bubble
One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the…
Stock Market Begins March With N70Bn Gain
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC…
Imperial Acquires SA E-commerce Startup ParcelNinja
Logistics company Imperial recently announced that it has acquired 60% of ParcelNinja. The deal took effect on 1 February. The…
Local Currency Gains N1.05 As Turnover Drops At I&E
The Naira opened the month of March stronger, recording a N1.05 or 0.26 per cent gain against the Dollar at…
Dollar Clings To Three-Weeks High As Yields Steady
The dollar held on to three-weeks highs against major currencies on Monday as U.S. and euro zone bond yields steadied,…
German Retail Sales Tumble In January As Lockdown Bites
German retail sales tumbled more than expected in January as the COVID-19 lockdown and the withdrawal of a temporary cut…
Central Bank Of Nigeria To Increase Agric Loans By 6%
The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector to 10 per…
Palm Oil In Focus As Swiss Vote On Trade Pact With Indonesia
Swiss voters will decide on a free trade agreement (FTA) with Indonesia on Sunday, with lower tariffs on palm oil…
Ebay, Adevinta To Divest Smaller British Units To Salvage $9.2 Billion Tie-Up
Norway’s Adevinta and U.S. e-commerce group eBay aim to sell three smaller British units in order to obtain regulatory approval…
Few Safe Havens As Equities Lose N1.36tr In February
Nigerian equities sunk into the red in February with sustained losses in four consecutive weeks eroding early gains and building…
European Central Bank Has Flexibility To Counter Undesired Yield Rise: De Guindos
The European Central Bank has the flexibility to counter any undesired rise in bond yields, the bank’s vice president told…
Walmart’s Flipkart Expands Grocery Sales To More Indian Cities
Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance…
Asian Shares Fall Amid China’s Asset-Bubble Warning
Asia stocks dropped on Tuesday and European equity futures fell as a senior Chinese official expressed wariness about the risk…
Tyme Raises $110 Million To Grow Digital Bank For Underserved In South Africa, Asia
After raising $110 million in a Series B capital raise, Tyme plans to expand its digital bank for the underserved…
CDC Advisory Committee Recommends Johnson & Johnson Vaccine For People 18 And Older
The Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practice voted on Sunday to recommend the Johnson &…
Canada ‘Disturbed’ By Charges Against Hong Kong Democrats: Foreign Minister
Canada is ‘disturbed’ by charges brought against 47 Hong Kong democrats and activists for conspiracy to commit subversion, Foreign Minister…
Old Mutual Raises Its Stake In Namibia’s Renewable Energy Market
An infrastructure investment fund managed by Old Mutual Investment Group (Namibia) has acquired a majority stake in a 5MW solar…
Emerging Capital Partners Crosses The Threshold Of 5% Of SAH Lilas Capital
Emerging Capital Partners (ECP), a pan-African leader in private equity, announced on February 3, 2021 that it had crossed the…
Food Blockade Of South By North Not In Nigeria’s Best Interest
No region in Nigeria is a self-sufficient archipelago. None is more fortunate in human and material assets than the other.…
Dangote Grooms Nigerian Engineers To Manage Refinery Complex On Completion
The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels…
Wall Street Is Kicking Out Yet Another Big Chinese Company
A major Chinese oil company that has traded on Wall Street for decades has become the latest casualty of tensions between…