Labour Gives Conditions To Support Refineries’ Privatisation
The Nigeria Labour Congress (NLC) yesterday hinged its support for the planned privatisation of the country’s refineries on the process…
Category: Business
Nigeria Loses N151.78Bn Crude Oil Monthly – Nigerian National Petroleum Corporation
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on…
Federal Government Of Nigeria Urges Accountants To Embrace Whistle-blower Policy
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has urged accountant and other professionals in the financial…
Osinbajo To Lead Discussions At Banks’s CEOs Summit On Economic Growth Tomorrow
Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, Governor of the Central Bank of Nigeria, Godwin Emefiele and Chief Executive…
United Capital Grows Full Year’s Profit by 61% To N8Bn
Foremost pan-African financial and investment services group, United Capital Plc, has defied the headwinds in the operating environment to record…
NSE Market Capitalisation Appreciates By N27Bn
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by…
Sustained Bargain Hunting Lifts Capitalisation Further By N30Bn
Trading on the floor of the Nigerian Stock Exchange (NSE) continued in an upbeat manner yesterday, occasioned by bargain hunting…
Raising Rates Abruptly Could Jeopardise Economic Recovery: ECB’s Schnabel
Raising interest rates too abruptly could jeopardise economic recovery, European Central Bank board member Isabel Schnabel said in an interview…
Neoen Lines Up Government Funding For Big Battery In Australia
France’s Neoen has won A$160 million ($128 million) in cheap finance from the Australian government to help fund what will…
World Shares Jump After Powell Nixes Rate Hike Fears
Global stocks jumped on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a…
RMB Included In Russia’s National Wealth Fund
The Chinese yuan and the Japanese yen have been included in the regulatory currency structure of Russia’s National Wealth Fund…
Digital Yuan Scammers Gathering Momentum As Token Rollout Nears
Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as…
Fed To Keep Policy Easy, Stay Patient As U.S. Economy Revives
Amid market expectations the Fed may be forced to tighten monetary policy sooner than expected, top U.S. central bankers delivered…
Nigeria Losing 0.2m Barrels Of Oil Daily To Theft, Vandalism
THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has disclosed that Nigeria is presently…
Oil Rises After Data Shows Slump In U.S. Output Amid Texas Freeze
Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after…
Geely Takes Slow Road To Volvo IPO
Volvo cars are known for being dependable and dull. Less so the Swedish brand’s Chinese owner Zhejiang Geely Holding. On…
Facebook To Invest $1 Billion In News Industry After Australia Row
Facebook Inc on Wednesday pledged to invest at least $1 billion in the news industry over the next three years,…
India Plans New Social Media Controls After Twitter Face-Off
Chafing from a dispute with Twitter, India plans to oblige social media companies to erase contentious content fast and assist…
Wall Street Opens Lower As Tech Declines Resume
Wall Street’s main indexes opened lower on Wednesday, as high-flying growth stocks continued to be pressured by valuation concerns, while…
Nigeria: 7,250 Ogun MSMEs to access up to N10m loans’
The Ogun State Government has said no fewer than 7,250 Micro, Small and Medium Enterprises operating in the state will…
More Woes For Nigeria As Diaspora Remittances Drop 12% In 2020
International flows of migrant remittances to Nigeria, a significant source of economic support for Africa’s most populous country, suffered a…
Analysis: CBN’s Financing Of Nigeria Deficits, The Defiance And Risks
The Nigerian government’s repeated decision to turn to the Central Bank of Nigeria (CBN) for deficit financing of its budgets…
Dollar Falls As Risk Appetite Increases, Kiwi Ruffled By RBNZ
The dollar slipped to a three-year low against the British pound and fell against commodities currencies on Wednesday as investors…
Shippers Council, NICON Move To Avert N670m Loss To Container Deposit
The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have finalised measures to curb the loss…
ExxonMobil To Sell Some UK, North Sea Assets To HitecVision For Over $1Billion
Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and…
Lowe’s Tops Earnings Estimates As Same-Store Sales Jump 28%, Warns That Some DIY Trends Could Fade
Lowe’s said Wednesday its fourth-quarter same-store sales climbed 28.1%, as consumers spent more on home projects during the pandemic. That’s higher…
Goldman Sachs-Backed ReNew Power To Go Public Via $8-Billion SPAC Deal
India’s largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG…
JPMorgan’s Blockchain Payments Test Is Literally Out Of This World
Stuck in space with bills to pay? Don’t worry, the satellites could take care of it. JPMorgan Chase & Co…
Nokia Wins 5G Order From Philippines’ Globe Telecom
Finnish telecom network equipment maker Nokia on Wednesday said it has won an order from Globe Telecom to build a…
Hyundai Motor To Replace Battery Systems In $900 Million Electric Car Recall
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly…