Saudi Plans To Order 70 Airbus, Boeing Jets: Report
State-owned Saudi Arabian Airlines (Saudia) plans to order 70 airliners from Airbus and Boeing, Saudi news outlet Maaal reported on…
Category: Business
Banks In EU To Publish World’s First ‘Green’ Yardstick From Next Year
Banks in the European Union would have to publish a groundbreaking “green asset ratio” (GAR) as a core measure of…
China Studies Boeing 737 MAX Recertification, Wants Safety Concerns Fully Addressed
China’s aviation regulator said on Monday that its major safety concerns with the Boeing Co 737 MAX have to be…
SoftBank’s Internet Business To Invest $4.7 Billion In Tech Over Five Years…
SoftBank’s internet subsidiary Z Holdings on Monday outlined plans to invest 500 billion yen ($4.7 billion) in technology over five…
Texas Electricity Firm Files For Bankruptcy Citing $1.8 Billion In Claims From Grid Operator
Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a…
Nigerian Central Bank Governor Suggests Naira Has Been Devalued
Nigeria’s central bank governor suggested the nation’s currency has been devalued. Addressing bankers at a summit on the economy in Lagos…
OPEC+ Faces Calls To Cool Oil Market Frenzy With Extra Barrels
From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use…
Cryptocurrencies: Why Nigeria Is A Global Leader In Bitcoin Trade
More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in…
Macau’s Gambling Revenue Surges 135.6% In February
Gambling revenue in Macau surged 135.6% in February year-on-year even as the world’s biggest casino hub struggled to boost visitors…
Oil Majors’ Green Energy Pivot Hammers Africa’s Largest Economies
The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya…
Tech Demand Drives Asia’s Factory Revival, China’s Slowdown Puts Dampener
Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the…
Heathrow Imposes Passenger Charges To Cover Covid-19 Costs
London’s Heathrow airport will charge departing passengers an extra £8.90 (S$16.50) in an effort to claw back costs as the…
Japanese Companies Go High-Tech In The Battle Against Food Waste
Japanese companies are ramping up the use of artificial intelligence and other advanced technology to reduce waste and cut costs…
2021 Is Our Year Of Active Recovery – Emefiele, CBN Governor
Central Bank of Nigeria (CBN) Governor, Godwin Emefield, CON, says 2021 is expected t be a yer of active recovery…
Federal Goverenment To Sell Crude In Naira To Dangote Refinery To Strengthen Naira
The Federal Government has concluded plans to sell crude oil to Dangote Refinery in Naira. This is part of measures…
Recession Exit: Test Of Resilience Of Nigeria’s Economy
Nigeria is a country with prodigious capacity for spinning surprises, even where all hopes seem to have been lost. Though…
A Digital Dollar Would Help The U.S. And Its Allies Keep China In Check
Chinese officials have made no secret that their greatly accelerated efforts at introducing and distributing the digital yuan are an…
Emefiele: Inflation Pushed Dangote Refinery Project Cost To $15bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele yesterday disclosed that inflation had pushed the cost…
How Banking Consolidation Made ‘Rich, Mighty Nigerians’ – Soludo
The former governor of the Central Bank of Nigeria, CBN, Professor Charles Soludo, has said that but for the banking…
Weekly Diaspora Remittances To Nigeria Jump By Over 100% After CBN’s Policy Directive
Remittances flow into Nigeria has improved from a weekly average of about $5 million before policy directives by the Central…
Bank Of England Official Warns Inflationary ‘Tiger’ Has Awoken, Sending Bond Yields Higher
U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that inflation may become difficult…
Nigeria Will Benefit Less From African Trade Deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more…
Electricity Consumers Get 611,231 Meters Under MAP Scheme
A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset Provider initiative since…
My $1.9 Billion In Minnesota Bank – Femi Adesina
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can…
London Could Lose Out To New York Under Draft EU Finance Deal: Document
The City of London’s finance industry would be worse off than rival New York under an early draft for a…
Bond Markets Left Smarting From Worst Rout In Years As Reflation Goes Global
From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their…
Global Stocks Routed As Inflation Fears Dominate
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks…
Oil Drops 1% On U.S. Dollar Strength, Expectations For Supply Gains
Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations…
Nigeria’s Economy Moving In Right Direction But Slow – Amina Mohammed
Nigeria is moving in the right direction economically but its movement is not fast, the United Nations stated on Thursday.…
N10.7Tn Spent On Fuel Subsidy In 10 Years – Major Oil Marketers Association Of Nigeria
Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years, the Chairman, Major Oil Marketers Association…