European Shares Rise On Upbeat Hermes Earnings; Renault Slides
European shares edged higher on Friday as an upbeat earnings report from Hermes boosted confidence in a broader economic recovery,…
Category: Business
UK Retail Sales Slump In New Lockdown, Borrowing Less Than Expected
British retail sales tumbled in January as non-essential shops went back into lockdown, official data showed, but lower-than-expected public borrowing…
Renault Clings To Turnaround After Record $9.7 Billion Loss
Renault said on Friday that margins and sales had begun to recover in the second half of 2020 as it…
Central Bank ‘Punch Bowl’ Still Brimming For Markets
Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but…
After Many Threats, Google Begins Paying For News In Australia
In January, Google threatened to make its search engine unavailable in Australia if the government approved legislation that would force tech companies…
IT Solution Recognised As Key Digital Platform
Omdia, formerly Ovum, one of the world’s leading research and consultancy company, has featured Comviva’s mobiquity Banking Suite as one…
Nigeria Must Pay Close Attention To Rising Interest-To-Revenue Ratio – International Monetary Fund Warns
The high cost of servicing Nigeria’s debt compared to the revenue it generates (interest-to-revenue ratio) is an indicator Africa’s largest…
Federal Government Of Nigeria Seeks $1.2bn Loan To Fund Agriculture
The Federal Government has disclosed plans to borrow $1.2 billion to boost the country’s agricultural sector under what it called…
International Monetary Fund Backs Central Bank Of Nigeria, Cautions against Cryptocurrency Transactions
The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not…
FX Market: Central Bank Of Nigeria Intervened With $10.308bn In Six Months
The Central Bank of Nigeria (CBN) sold a total of $10.308 billion in the foreign exchange (FX) market in the…
Federal Government Of Nigeria Targets 500,000 Employees Under Survival Fund Scheme
The Federal Government has announced a plan to support over 500,000 employees with a N30,000 one-off grant, noting that the…
Ehingbeti: Experts Urge Goverment On Digital Policy Consistency
Technology experts at the ongoing Lagos State Economic Summit, Ehingbeti, have stressed the need for governments to maintain policy consistency…
Bears Maintain Dominance On NSE, Market Drops Further By N15Bn
The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion due to persistent…
$3.5bn Loan: Nigeria Not Fully Complying With Terms – International Monetary Fund
International Monetary Fund (IMF) has accused the Federal Government of reneging on some of the conditions it promised to keep…
Texas Clamps Down On Out-Of-State Gas Sales Amid Shortages
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a…
Apple lobbies For India Incentives As It Plans IPad Assembly
Apple Inc is angling to participate in a new scheme to boost India’s exports of computer products, part of what…
Texas Energy Freeze Stretches To Sixth Day, Raises Mexico’s Ire
Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled with massive…
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter Loss
Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to…
Barclays Resumes Dividend Payouts As Annual Profit Halves
Barclays has resumed shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting expectations other British lenders will…
Yuan Hits 2-1/2 Year High On China Inflows
(AFP) HONG KONG: Vaccine rollouts and economic recovery expectations drove the reflation trade further in Asia. Japan’s Nikkei 225 index leapt…
Nigerian Court Blocks Shell’s Accounts Over Alleged Oil Theft
The respondents are the 20 banks where the Shell companies operate accounts in Nigeria The Federal High Court in Lagos…
Bitcoin Soars To New High Above $52,000; Sustainability Concerns Rise
Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000 hurdle,…
Central Bank Of Nigeria Directs Banks To Open Dollar Account For Remittances
The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving…
Marketers Raise Petrol Price To N170, Depots Suffer Shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent…
US Sells $200m In Weapons To Egypt Despite Human Rights Abuses
The United States approved an arms sale worth nearly $200m to Egypt but vowed to press human rights issues after…
Nigeria To Turn Central Bank’s $26 Bln Financing Into 30-Year Loan
Nigeria plans to convert 10 trillion naira ($26.3 billion) worth of short-term government financing by the central bank into a…
Interswitch Joins Nigeria’s $17Bn E-commerce Market With Quickteller Business
Interswitch-owned Quickteller has become the latest entrant in the Nigerian e-commerce market estimated at $17 billion. The payment unit announced…
U.S. Producer Prices Post Biggest Gain Since 2009
U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged, suggesting…
A Nigerian Rivers Investment Firm Flees With Depositors’ Funds
AN investment company in Igwuruta, Obio/Akpor Local Government Area of Rivers State has left its customers devastated after their office…
Nigerian Marketers Raise Petrol Price To N170, Depots Suffer Shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent…