Banking Gearing Up For Major Restructuring
The banking sector is experiencing a paradigm shift with traditional banks facing stiff competition from…
Category: Business
CBN’s Free Meal And Rising Fiscal Complacency
No penalty on earth will stop people from stealing if it is their only way…
External Reserves Hit $36.39bn On Improved Crude Oil Price
The external reserves stood at $36.39bn as of January 27, the latest figures from the…
CAP Posts N8.7bn Revenue In 2020
Chemical and Allied Products Plc (CAP) has announced that its revenue grew to N8.7 billion…
Equity Market Closes January Bullish, Gains N1.13Tn
Trading activities on the floor of the Nigerian stock market finished the month of January…
San Francisco Businesses Teeter On The Brink After A Year Of Lockdowns, Fires And Other Hurdles
In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating…
United Sends 14,000 Furlough Warnings; Unions Seek $15B New U.S. Aid For Airlines
United Airlines said on Friday it warned some 14,000 employees that they might be furloughed,…
Tesla Service Now Includes Collision Repairs, Fulfilling Elon Musk’s 2018 Promise
Elon Musk’s electric car company notified customers on Friday that Tesla Service Centers now offer…
Hedge Fund Billionaire Steve Cohen Leaves Twitter After Family Receives Threats Amid GameStop Backlash
Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets,…
Treasury Yields Climb Following Key Economic Data
U.S. Treasury yields climbed on Friday morning, following the release of key economic data in…
Dutch Court Rules Shell Liable For Niger Delta Oil Spills
An appeals court in the Netherlands on Friday ordered Royal Dutch Shell to pay compensation…
UAE Adopts Amendments To Grant Citizenship To Investors And Other Professionals
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant…
Robinhood Raises $1 Billion Of Fresh Funding From Existing Investors
Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors,…
Five Million Users To Benefit From Firm’s E-commerce App
An online e-commerce platform, Offerservice, has been unveiled in Lagos, to provide opportunities for corporations,…
Nigeria, Middle East Trade Volume Hits $19.3Bn
The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019…
U.S. Consumer Spending Decreases Further; Inflation Creeping Up
U.S. consumer spending fell for a second straight month in December amid renewed business restrictions…
FG Commits $670M On $3.5Bn Brass Methanol Plant Construction
The Federal Government has committed an equity investment of $670m for the construction of 10,000…
Silver Lake Cashes Out On AMC For $713 Million After Reddit-Fueled Rally
Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment…
Goldman Sachs Loses Legal Fight Against EU Cartel Fine
U.S. investment bank Goldman Sachs on Wednesday lost its fight against an EU cartel fine…
Tobacco Control: CAPPA Launches TakeApart Nigeria Report
Corporate Accountability and Public Participation Africa, CAPPA, on Friday, launched the TakeApart Nigeria report entitled…
Bitcoin To Online Petwear: ‘Papa Musk’ Lures Investors
A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in…
Losses On Short Positions In U.S. Firms Top $70 Billion – Ortex Data
Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S.…
GE Gets Dismissal Of Most Of Shareholder Lawsuit Over Accounting, Disclosures
A U.S. judge in Manhattan has dismissed most but not all of a shareholder lawsuit…
Flour Mills floats Bond On FMDQ
FMDQ Securities Exchange Limited has approved the listing of the Flour Mills of Nigeria Plc’s…
Our Data 99% Secure, Says Pantami
MINISTER of Communications and Digital Economy, Dr Isa Pantami has assured Nigerians and the international…
These Budget Numbers Show What Nigeria Can Learn From Lagos
Nigeria can look to an in-house example for inspiration on how to better manage its…
AFCFTA: FG Pushes ECOWAS Brown Card Scheme
INSURANCE As Nigeria settles down to the implementation of the African Continental Free Trade Area,…
‘Nigeria’s Manufacturing Sector Still Struggling To Survive’
Despite the ability to take millions of people out of poverty by way of providing…
FG Restructures Commodities Exchange, Halts Privatisation Plans
The Federal Government is repositioning the Nigerian Commodities Exchange into a commercially viable platform for…
IMF Foresees Improved Capital Spending In Nigeria
The International Monetary Fund (IMF) has projected that Nigeria’s capital spending will improve this year…