Savers Hunt For Higher Returns Outside Banks
Currency outside the banking system has in the past 10 years risen by over one hundred percent (100.40%), an indication…
Category: Business
Analysis: High-Flying ARK ETF Falters, Sparks Fear Of Ripple Effect
The steep slowdown in momentum stocks over the last week has been especially painful for ARK Invest’s Cathie Wood, the…
Diesel Price Soars To N250/Litre, Businesses Groan
The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with…
CDP Consortium’s Bid To Value Atlantia Unit At 9 Billion Euros – Sources
Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in…
Hike In Rates May Mark End To Cheap Consumer Credit
It was a Saturday morning when Olarika Abioye (not real name) got an unexpected message from her bank, Guaranty Trust…
AM Best Affirms Credit Ratings Of AXA Mansard
AXA Mansard Insurance Plc has said that its rating outlook by the global insurance rating agency, A.M. Best as stable…
The Cash-Flush Amateurs Hunting Game Cards, Handbags And Art
Stocks, bonds and commodities? Old hat. Once the preserve of the super-rich, or just the eccentric, all kinds of unusual…
Nigerian Stock Exchange 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…
Ant Investor Boyu Capital Targets $6 Billion For New Private Equity Fund – Sources
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising…
A Nigerian Refinery: Known As Dangote Refinery Set To Sell It’s First Oil In Early 2022
Having crossed all hurdles, the 650,000 barrels a day Dangote refinery an integrated refinery and petrochemical project under construction in…
Former BOJ Executive Calls For ‘Genuine’ Review Of Central Bank Stimulus
The Bank of Japan must abandon the view it can influence public perceptions with monetary policy and conduct a “genuine”…
Lloyds Profits Fall As It Targets Wealth Push
Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António…
China To Reinforce Policy Support For Foreign Trade, Commerce Minister Says
China will reinforce policy support for foreign trade and ensure the smooth operations of supply chains, Wang Wentao, the new…
Strong Exports, Construction Boost German Economy In Fourth Quarter
Bullish exports and solid construction activity helped the German economy to grow by a stronger-than-expected 0.3% in the final quarter…
Cryptocurrencies, Virtual Assets Pose Serious Risks For Nigeria – ICPC Boss
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Bolaji Owasanoye, on Tuesday said virtual assets…
Naira Gains As Market Turnover Rises By 134.63%
Nigeria’s currency on Tuesday gained 0.34 percent to close at N408.60k per dollar compared to N410.00k closed since two days…
New NDIC, AMCON Bosses Yet To Assume Office Over Executive Delays
The newly appointed bosses of the Nigerian Deposit Insurance Corporation (NDIC) and Asset Management Corporation of Nigeria (AMCON) are yet…
Emefiele Defends Cryptocurrency Ban Before Senate
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele says the Bank’s decision to prohibit deposit money banks, non-banking institutions…
Federal Government Of Nigeria Inaugurates Ministerial Task Force On Digital Switchover
The Minister of Information and Culture, Lai Mohammed, on Tuesday inaugurated a 13-member ministerial task force to drive the Digital…
Securities And Exchange Commission, Central Bank Of Nigeria, Others’ll Develop Regulatory Framework For Crypto Assets —Yuguda
The Securities and Exchange Commission, the apex regulator of the nation’s capital market, has said it will collaborate with the…
World’s Top 10 Hedge Fund Managers Earn $20.1 Billion In 2020
Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in…
Struggling Job-Creating Sectors Show Unemployment Woes May Persist
Nigeria may be out of recession for the second time within five years, but sectors of the economy collectively responsible…
Nigeria’s Equities Market Gains N6Bn
A slightly positive close (+0.03percent) on Tuesday is an indication of a possible reversal in the recent negative trend on…
Italy OKs Dorsey’s Square Inc, China’s Tencent To Invest In Startup Satispay
Italy has given Square Inc, the mobile payments firm of Twitter co-founder Jack Dorsey, and China’s Tencent a conditional green…
Exclusive: Top Banks Asked To Justify Why They Still Clear Euro Swaps In London
Europe’s top banks must justify why they should not have to shift clearing of euro-denominated derivatives worth billions of euros…
Tesla Shares In The Red For 2021 As Bitcoin Sell Off Weighs
Shares in Tesla were set to plunge into the red for the year on Tuesday, hit by a broad selloff…
Individuals An Build, Maintain Highways, Says Federal Government Of Nigeria
Under the new Highway Development and Management Initiative of the Federal Government, private individuals will be permitted to build, operate…
Yuan Eases On Dollar Demand, Capital Outflow Concerns
The yuan eased on Monday, pressured by seasonal corporate dollar demand and with sentiment dented by China’s potential plans to…
Federal Government Gas Expansion To Lift 100m Out Of Poverty — Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday that the Federal Government’s National Gas Expansion…
Analysis: How Rich Is Saudi Arabia? Kingdom Does The Math In Balance Sheet Overhaul
The kingdom is working on creating a consolidated balance sheet of its assets and liabilities which will include items currently…