Shares Turn Cautious As Bond Yields, Commodities Surge
Asian shares turned mixed on Monday as expectations for faster economic growth and inflation globally battered bonds and boosted commodities,…
Category: Business
Stock Market Extends Losing Streak, Sheds N130Bn
The market capitalisation of equities listed on the nation’s stock market declined by N130bn last week as negative sentiments persisted…
Nigerian Stock Exchange Upgrades Africa Prudential To Medium Price Stock
T he Nigerian Stock Exchange (NSE) has upgraded Africa Prudential (APR) Plc from low-priced stock to medium-priced stock following recent…
EU To Decide On Extending Suspension Of Stability Pact In Coming Weeks: Official Tells Paper
Europe will decide whether to extend the suspension of its rules limiting budget deficits and debt, known as the Stability…
India’s Top Court Bars Final Tribunal Ruling On Future’s $3.4 Billion Deal
India’s Supreme Court barred on Monday a final ruling by a tribunal reviewing Future Group’s $3.4 billion sale of retail…
Rio Tinto Executives Say Goodbye To 2020 With Chunky Payouts
Three Rio Tinto executives forced to leave the company after the destruction of sacred rock shelters at Juukan Gorge in…
Korean Air To Follow Relevant Authorities’ Directives On Boeing 777
Korean Air Lines Co Ltd said it will follow the relevant authorities’ directives on any measures for its Boeing 777…
OPEC, U.S. Oil Firms Expect Subdued Shale Rebound Even As Crude Prices Rise
OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze…
Tesla Has Made About $1 Billion In Profit On Its Bitcoin Investment, Analyst Estimates
Tesla has made roughly $1 billion in paper profits from its investment into bitcoin, according to Daniel Ives, analyst at Wedbush Securities.…
Oil Gains As U.S. Production Slowly Returns After Freeze
Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised…
Nigeria Has $5.83bn Undisbursed Foreign Loans
Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has…
Banks Incur N80.75bn E-Banking Expenses As Digital Transactions Hit N111.29tr
As COVID-19 triggered exponential increase in electronic-payment adoption, five Nigerian banks have incurred N80.75 billion expenses in fees and commission…
Optimism On Economy’s Recovery
Many Nigerians underestimated the resilience of the economy until last Friday when National Bureau of Statistics (NBS) rolled out its…
China’s Yield Appeal Catapults Yuan To Global FX Big League
In London — the world’s center of foreign exchange — there’s more yuan changing hands than ever before. Options on the Chinese…
Bitcoin Price Must Now Hold Above These Levels To Break $60K
Bitcoin’s (BTC) price has been consistently rallying in the past few weeks, reaching its latest new high of around $57,500…
COVID Infections Dropped 95.8% After Both Pfizer Shots – Israeli Health Ministry
The rate of COVID-19 infections dropped 95.8% among people who received both shots of Pfizer’s vaccine, Israel’s Health Ministry said…
Bitcoin, Either Hit Fresh Highs
Bitcoin hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on…
NIN Registration: Telcos See Biggest Subscriber Loss Since 2017
The decision by the Federal Government to limit the services of telecoms’ operators in order to achieve the National Identification…
The Tech Industry Is Looking To Replace The Smartphone — And Everybody Is Waiting To See What Apple Comes Up With
In 2007, Apple unveiled the iPhone. Apple didn’t invent the smartphone — companies like Palm and Blackberry had been selling them for…
What’s Behind SpaceX’s $74 Billion Valuation: Elon Musk’s Two ‘Manhattan Projects’
Elon Musk’s SpaceX is now worth $74 billion after it raised more capital last week – and the strong demand for shares means…
Facebook’s Move To Restrict Australian Publishers Was A ‘Nuclear Option,’ Expert Says
Facebook is trying to exert its monopoly power in Australia, by restricting publishers from posting content on Facebook Pages, according to…
Why Nigeria Inflation Could Hit Record High of 20% By End Of 2021
Nigeria’s annual inflation rate climbed for a 17th straight month to 16.47% in January of 2021. It was the highest…
African Union Receives Sputnik V Vaccines From Russia
The Africa Vaccine Acquisition TaskTeam (AVATT), set up by the African Union to acquire additional vaccine doses so that Africa can attain…
US Supports Ekiti Farm With Pregnant Cows
The United States has supported the Nigeria Dairy Industry with the first shipment of pregnant Jersey breed dairy cows which…
Nigeria’ll Escape Over-Dependence On Oil In 10 Years – Awolowo
Considering recent steps being taken to boost Nigeria’s non-oil sector, the country is expected to exit the age-long dependence on…
Iran Will Reverse Nuclear Actions When U.S. Lifts Sanctions – Foreign Minister
Iran will “immediately reverse” actions in respect of its nuclear programme when U.S. sanctions are lifted, its foreign minister said…
Saudi Arabia To Invest More Than $20 Billion In Its Military Industry Over Next Decade
Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of…
FTSE Russell To Include 11 Stocks From China’s STAR Market In Global Benchmarks
Index provider FTSE Russell will add 11 stocks from China’s STAR Market to its global benchmarks, according to a post…
Airbus CEO Calls For Transatlantic Trade War Ceasefire
The head of European planemaker Airbus called on Saturday for a “ceasefire” in a trade war with the United States…
Stocks Making The Biggest Moves In The Premarket: Deere, Dropbox, Novavax & More
Deere (DE) – The heavy equipment maker earned $3.87 per share for its fiscal first quarter, compared to a consensus estimate…