Nigeria Generated $150m From Coconut Oil In 2020 – Minister
The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday in Benin disclosed that Nigeria generated $150m from the…
Category: Investing
Petrol Right Pricing, VAT Hike To Increase Govt Revenue – Dangote
President of Dangote Group, Alhaji Aliko Dangote, on Wednesday said government could not function without tax payment, increase Value Added…
Central Bank Nigeria Freezes 11 Bank Accounts
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to…
Asian Shares Ease From Three-Week Highs, Dollar Retreats
Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors were still focused…
Sweden To Bring In Banks In Next Stage Of E-Krona Project
Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency – the…
Brookfield, BlackRock No Longer In Race For Over $10 Billion Aramco Pipeline Stake – Sources
U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake…
Azman Reshuffles Management After NCAA Audit
Azman Air has reshuffled a number of appointments amongst its management cadre following the recently concluded audit of the airline…
Europe’s STOXX 600 Hits Record High On Global Recovery Optimism
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on…
Sterling Bank Reports N12.4bn Profit
Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the financial year…
2,210 Workers Withdrew N3.18bn From Voluntary Pension Contributions – PenCom
A total of 2,210 workers withdrew N3.18bn from their Retirement Savings Accounts with their respective Pension Fund Administrators in six…
Payment Giant Stripe Expands To Middle East With Dubai Office
– Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai,…
Credit Suisse To Reveal Losses From Archegos; 2 Execs To Depart: Sources
Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over…
Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with…
Canadian Economy In January Grows By 0.7%, Feb Seen Up 0.5%
Canada’s economy expanded for a ninth consecutive month in January, rising by 0.7% on gains in both goods and services,…
Dollar Hits One-Year High On Recovery Bets, Yields Lend Support
The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet…
A Billion Dollars For Every Chip-Maker Who ‘Makes In India’
India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the…
Mastercard, Rivals ‘Ran Cartel’ On Cards For The Vulnerable, UK Watchdog Says
-Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of…
$1.5bn For Port Harcourt Refinery Rehabilitation Outrageous – Reps Caucus
The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery,…
Asian Shares Wobble, Set For Monthly Loss On Bond Rout
Asian stocks were on the backfoot on Wednesday while the safe-haven dollar held near a one-year high as Treasury yields…
PayPal To Let US Users Pay With Bitcoin, Ethereum, Litecoin From Today
Online payment app PayPal has announced US customers can make payments with its “Checkout with Crypto” feature, rolling out today.…
NLNG Calls For Urgent Development Of Nigeria’s Gas Resources
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has stressed the need for Nigeria…
Fact Check: Did Buhari Promise To Make N1 Equal $1?
Presidential media adviser Femi Adesina on Sunday reopened an old debate as to whether President Muhammadu Buhari ever made a…
Wall Street Opens lower As Spike In Yields Pressures Tech Stocks
Wall Street’s main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while…
Nike Sues Maker Of Lil Nas X ‘Satan Shoes’
Nike is suing the art collective behind the Lil Nas X “Satan Shoes” that have sparked a social media backlash.…
Oil Gains As Focus Switches To OPEC+ Extending Output Cuts
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned…
Malaysia’s AirAsia Shares Slide After Record Quarterly Loss
Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the Malaysian budget…
Lagos Accounts For 12.15% As States Debts Hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for 12.15 per cent…
China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index,…
U.K. Man Must Pay $571 Million Over Stolen Bitcoin, CFTC Says
A U.K. man accused of scamming consumers into sending him more than 20,000 Bitcoin has been ordered to pay $571…
Futures Slip As Bank Stocks Fall On Hedge Fund Default Concerns
U.S. stock index futures dropped on Monday after Wall Street’s surge in the prior session as major lenders came under…