The Chinese Yuan Is Going Completely Digital
Yesterday, I explained how China has moved to a mostly cashless society… and how it’s planning to go completely cashless for the 2022 Winter Olympics hosted in Beijing. That’s just…
Qatar To Invest $5bn In Nigeria, Says Onyeama
The oil-rich state of Qatar is to invest $5 billion in the Nigerian economy, the Foreign Affairs Minister, Chief Godfrey Onyeama, has said. Onyeama, at a farewell dinner on Sunday…
Kyari Excited As Train Delivers Gas Pipes For For $2.8bn AKK Project
For the first since its take-off last year, the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project received a boost at the weekend when a Nigerian Railway Corporation (NRC)-operated train delivered…
OPL 245: Shell, Eni Should Face Prosecution, HEDA Tells Buhari
President Muhammadu Buhari has been asked to ensure that oil giants, Shell and Eni face prosecution in Nigeria. Shell and Eni have been dragged to court in Milan, Italy over…
Tin-Can Port Customs Earned N112.7bn In Q1
The import revenue generation at the Tin-Can Island Command of the Nigeria Customs Service (NCS) rose by 23 per cent to N112.7 billion in the first quarter of 2021. The…
Firm Drives Home Rentals With Artificial Intelligence
Digital Landlord Nigeria Limited said it has adopted the use of artificial intelligence to drive rentals of its short-let apartments. The Founder/Chief Executive Officer, Digital Landlord Nigeria Limited, Mr Keji…
South Korean PM Arrives In Iran To Help Try To Revive Nuclear Deal
South Korean Prime Minister Chung Sye-kyun arrived in Iran on Sunday to help try to restore a 2015 nuclear deal between Iran and world powers, Seoul officials said. Chung is…
Nigerian Stocks Fall Further, Investors Lose N30bn
The Nigerian stock market fell further last week as the market value of equities fell by N30bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per…
GTBank Shareholders Endorse N3.00 Total Dividend For 2020, Applaud Agbaje’s Leadership
Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec.…
Big U.S. Treasury Auctions Could Restart Rise In Yields
U.S. Treasury auctions offering $271 billion of new debt and a key inflation report this week could end a recent lull in the bond market, reigniting a rise in yields…
China’s Exports, Imports Seen Staying Buoyant In March
Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters…
Dollar Pinned Down By Lower U.S. Yields; Inflation Data In Focus
The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the U.S. currency. The British pound sank toward a two-month low, continuing…
Chinese Tech Start-Ups Pull IPO Plans As Beijing Tightens Scrutiny
A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scrutiny of…
The Guy Who Started The GameStop Mania Will Soon Be Chairman Of The Board
George Sherman may still be the CEO of meme stock poster child GameStop. But it looks like Chewy co-founder Ryan Cohen is really running the show. GameStop (GME)said Thursday that…
Biden faces key test on EV battery Trade Dispute
U.S. President Joe Biden faces a Sunday deadline to decide whether to intervene in a trade dispute between two South Korean electric vehicle battery makers that could impact a Georgia…
World Stocks Hit Record High, Powered By Wall Street
Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding U.S. inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows.…
Stocks Firm Near Record After Easing U.S. Inflation Fears Lift Wall Street
Global stocks held firm near record highs on Friday as receding inflation fears in the United States pushed down bond yields and lifted Wall Street, though softness in Chinese shares…
Strong March Pushes Airbus Quarterly Deliveries Higher
Airbus reported slightly higher deliveries in the first quarter with 125 aircraft handed over to airlines after a sharp increase in activity in March. Airbus also posted 39 gross orders,…
Exclusive: China Set To Clear Tencent’s $3.5 Billion Sogou Deal Subject To Data Security Conditions: Sources
China’s antitrust regulator is ready to clear tech giant Tencent Holdings Ltd’s plan to take the country’s no.3 search engine Sogou private, three people with knowledge of the matter told…
China’s Auto Sales Surge 75% In March, 12th Straight Monthly Gain
Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market leads the sector’s recovery from the COVID-19 pandemic. Sales reached…
Shoprite: Trade, Forex Policies, Others Hurting Businesses, Says LCCI
Against the backdrop of the move by Shoprite Holdings Limited to exit its Nigeria operations, the Lagos Chamber of Commerce and Industry has highlighted several issues taking a toll on…
MTN Partners fintechs As Talks With Banks Lingers
MTN has activated a number of new channel partnerships with fintech companies as the company continues meeting with the commercial banks on a new pricing structure agreement. MTN’s initial meeting…
China’s March New Yuan Loans Seen Rebounding, But Tightening Fears Grow: Reuters Poll
New bank loans in China are expected to have rebounded in March from a sharp drop in February, a Reuters poll showed, as the central bank walks a tightrope between…
A Basic Knowledge Of The Nigerian Stock Exchange Demutualisation
The recent news of the demutualisationof the Nigerian Stock Exchange flooded the markets with great excitement following its long anticipation. But while a welcome development, a lot of investors still…
Microfinance Banks Seek Extension Of Recapitalisation Deadline
Microfinance banks in Nigeria will not be able to meet up with recapitalisation requirement of the Central Bank of Nigeria, within the proposed time, because of the effect of the…
China’s Capital Envisages 10,000 Fuel Cell Vehicles By 2025
The city of Beijing aims to have over 10,000 fuel cell vehicles on the road and build 74 hydrogen filling stations by 2025, as the Chinese capital maps out an…
Europe Should Invest In Chip Design, Not A Mega-Fab: Think Tank
Europe’s ambition to make the most powerful computer chips risks wasting billions of euros, a German think tank said in a report on Thursday, urging policy makers to focus instead…
Where Tech And Tradition Meet For Smart Investing
The physical restrictions of the coronavirus pandemic have hammered home to us all just how much we need digital services when real life is on hold. From online education to…
Sujimoto Plans 80 Projects Worth $10bn By 2030
The Managing Director/Chief Executive Officer of Sujimoto Group, Sijibomi Ogundele, has disclosed his company’s plans to complete 80 malls, hotels and residences, with an estimated portfolio worth over $10bn by…