Brazil’s Bolsonaro To Oust Petrobras CEO After Fuel Pricing Spat
Brazilian President Jair Bolsonaro moved to replace the head of state-run oil company Petrobras, naming a retired army general with…
Category: Business
Nigeria’s Swift Recovery From Recession, Biggest Surprise –NEPC Boss
The Executive Director, Nigeria Export Promotion Council, Segun Awolowo, on Friday described as biggest surprise the swift way Nigeria’s economy…
Manufacturers Seek Full Recovery From Recession
The Manufacturers Association of Nigeria has said there is need to sustain the momentum and policies that will improve the…
Department of Petroleum Resources Woos Investors For Modular Refineries
The Department of Petroleum Resources has said it is willing to license more modular refineries to come on stream, saying…
Bitcoin, Ether Hit Fresh Highs
Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross…
UK Economy Shows Signs Of Stabilisation After New Lockdown Hit
Britain’s economy has stabilised after a new COVID-19 lockdown last month hit retailers, and business and consumers are hopeful the…
JPMorgan Says Two Factors Could Drive Up Oil Prices By Another $5 To $10 Per Barrel
JPMorgan says crude prices could see further upside ahead as oil continues to see strong gains so far this year.…
Sterling Soars Close To 3-Year High Above $1.40
The British pound soared above $1.40 on Friday for the first time in almost three years, propelled by a vaccination…
Nigeria, 17 Others Testing 5G In Africa
New statistics from the Global mobile Suppliers Association (GSA) has revealed that Nigeria and some 17 countries in Africa are…
African Union To Set Up Infrastructure Fund For The Continent
The African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on…
Oil Extends Losses As Texas Prepares To Ramp Up Output
Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for…
Bitcoin Climbs Above $52,000 As Musk Backs Crypto Over Cash
Billionaire Elon Musk defended Tesla Inc.’s $1.5 billion Bitcoin investment on Twitter, calling the cryptocurrency a “less dumb” version of…
Dollar Slips Further After Disappointing Jobs Data, Sterling Shines
The U.S. dollar slipped further on Friday and the euro rebounded after disappointing U.S. data dented optimism for a speedy…
Bitcoin Price Prints New High Above $52.5k, Will BTC/USD Reach $100k?
The Bitcoin price is steady at the time of writing on Feb 19. The world’s most valuable digital asset is now trading…
Port Harcourt Refinery Overhaul To Begin Soon – Report
The Nigerian National Petroleum Corporation (NNPC) is now on track to undertake the complete overhaul of Nigeria’s biggest refinery billed to commence…
Inaccessible Spectrum Cut-Off 950m Africans From Internet
Despite continued progress in the expansion of mobile service and Internet connectivity, 50 per cent of Africans (680 million people)…
Don’t Create Artificial Petrol Scarcity, Nigerian National Petroleum Commission Warns Marketers
The Nigerian National Petroleum Corporation (NNPC) has warned petrol marketers against hoarding Premium Motor Spirit (petrol) in order not to…
Cryptocurrency Ban: A destructive Financial Policy
The news of the Central Bank of Nigeria (CBN) directive on the prohibition of banks/individuals from buying, selling and using…
As Ghost Of Fuel Subsidy Removal Lurks Around
The benefits of the fuel subsidy removal far outweighs the pains associated with the expected rise in petrol pump price…
World Trade Organization: Organise Private Sector Tempers Expectations From Okonjo-Iweala’s Regime
Members of the Organise Private Sector (OPS) have welcomed the announcement of Dr. Ngozi Okonjo-Iweala as the new Director General…
Nigeria’s Best And Worst Performing Sectors In 2020
The recently released GDP report by the National Bureau of Statistics shows that some sectors recorded growth despite a hard…
Experts Rate Economy As Weak Despite Exit From Recession
Nigeria exited recession after the country’s Gross Domestic Product recorded a slight growth of 0.11 per cent in the fourth…
Federal Government Of Nigeria, States, Local Governments Share N640.310 Billion In January 2021
The Federation Accounts Allocation Committee (FAAC) at the end its meeting on Thursday shared N640.310 billion to the three tiers…
Chief Executive Of Japan’s Honda To Step Down, Hand Reins To R&D Chief
Japan’s second-biggest automaker by sales, Honda Motor Co, said on Friday its chief executive, Takahiro Hachigo, would step down and…
UK Court Blocks Release Of HSBC Papers In Huawei CFO Fraud Case
A British judge on Friday blocked the release of internal HSBC documents relating to U.S. fraud allegations against Huawei Chief…
Bitcoin Steams To New Record And Nears $1 Trillion Market Cap
Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely…
Nigeria’s Economy Rebounds With 0.11% GDP Growth In Q4’20
Nigeria’s economy re-bounded in the fourth quarter of last year (Q4’20) as the nation’s Gross Domestic Product (GDP) grew year-on-year…
United Capital Approves N4.2Bn Dividend For Shareholders
The Board of Directors of United Capital Plc has approved the payment of N4.2 billion as dividend to shareholders for…
Global Stocks Mostly Fall Amid Angst At Inflation Risk
Global stock markets mostly fell Wednesday, with investors worried about high-flying share prices and the potential for inflation to spiral.…
Central Banks Need To Change Gear
It’s time for central banks to prepare financial markets to regain more influence over longer-term interest rates, braking the move…