Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital…
Take Advantage Of The N5bn Export Fund –NEPC
The Nigerian Export Promotion Council has called on all exporters and Small and Medium Scale Entrepreneurs to take advantage and access the N5bn Export Development Fund scheme to improve their…
Investors BlackRock, Vanguard Join Net Zero Effort
Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to net zero by 2050, giving new momentum to the effort…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on the short-term outlook for the European economy. The common currency…
Singapore Wealth Fund Buys 2.5% Stake In Cellnex From Benetton Family
Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from Edizione, the Benetton family’s investment firm, Edizione said on Friday…
France, EU Close To A Deal On Air France Bailout: Minister
France and the European Union are close to a deal on a bailout for Air France, which like other carriers has been hammered by the coronavirus pandemic, Finance Minister Bruno…
Saudi Arabia Seeks To Draw In Foreign Companies
Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters in Riyadh. The government has told foreign companies that, from 2024, they can…
Banks Warn On Losses After Archegos Capital Stock Unwind
Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls. A fire sale…
Nigerian Startups Raise More Money In A Single Month Than Whole Of 2020
In a month tech investors decided to open their investment wallets in an unusual manner, five Nigerian startups have found themselves $202 million richer. It is the most investment in…
Bulls Maintain Dominance As Capitalisation Rises By N45 Billion
The bulls maintained dominance on the equity sector of the Nigerian Stock Exchange (NSE) as more blue-chip stocks appreciated, resulting in a gain in market capitalisation by N45 billion. The…
Africa Prudential Plc Declares N1 Billion Dividend For Shareholders
Africa Prudential Plc— A digital Technology and Investor Services firm listed on the Nigerian Stock Exchange—held its Annual General Meeting on Thursday, March 25, 2021. The meeting was located at…
U.S. Bail-Bond Insurers Spend Big To Keep Defendants Paying
Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers $15 billion in business…
Foreign Funds Have Billions At Stake In Turkish Market Volatility
Foreign funds have reported about $3.4 billion in Turkish stock and sovereign dollar bond holdings so far this year, much of which could be loss-making after the sudden firing of…
FIFA To Earn £3bn From Qatar 2022
FIFA is set to generate £3bn from the World Cup in Qatar, while thousands of migrant workers have lost their lives in the Middle Eastern state since it was awarded…
Dollar Holds Advantage On Economic Optimism, Euro Looks Vulnerable
The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to improving U.S. economic data, the rollout of coronavirus vaccines, and…
BOJ Forms Panel To Help Guide Central Bank Digital Currency Experiment
Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said on Friday that it has formed a committee bringing together policymakers and…
UK Retail Sales Rise 2.1% In February
British retail sales rose by 2.1% in February from January even as non-essential shops remained in a coronavirus lockdowns, official data showed on Friday. Economists polled by Reuters had expected…
Deutsche Bank CEO Willing To Give Up Investment Bank Oversight Role
Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter…
NFT Artwork By Humanoid Robot Sells At Auction For Nearly $700,000
A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a Non-Fungible Token (NFT). NFTs, a digital signature saved on blockchain…
European Fashion Stocks Hit By China Xinjiang Row
Shares of European fashion brands Adidas, Inditex and H&M fell on Thursday as they faced a storm of criticism on social media in China over comments they have previously made…
Aig-Imoukhuede Seeks Insurance Revolution
Former Chief Executive Officer of Access Bank, Aigboje Aig-Imoukhuede, has emphasised the need to focus on and grow other segments of financial services such as insurance, asset management, fintech and…
ECB Seeks To Allay German Misgivings About Digital Euro
The European Central Bank sought on Thursday to allay misgivings in Germany about the launch of a digital euro, saying this form of electronic cash wouldn’t be used to penalise…
Stocks Sluggish, Dollar Near Four-Month Highs As Risk Appetite Wanes
Global equities languished close to two-week lows on Thursday, while the dollar cruised to near a four-month high against the euro as nervy investors worried that Europe’s COVID-19 response was…
Mastercard Battles Return Of $19 Billion UK Class Action
A specialist London court will this week re-consider allowing an historic 14 billion pound ($19 billion) class action against Mastercard to proceed, which could entitle adults in Britain to about…
Organic Farming Must Grow To Reach Green Goals, EU Says
The European Commission on Thursday said it would expand financial and policy support to help achieve a goal for a quarter of Europe’s farmland to be organic by 2030. Agriculture…
Here’s Why Investment-Interest In Eko Atlantic Is High Despite Economic Slowdown, Land Price
At a time when many developments are struggling to get off ground as a result of Covid-19 impact and general slowdown in economy, investment interest in Eko Atlantic City in…
No Sale, Concession Decision On TCN, Says BPE
The Federal Government has not decided on whether it would sell or concession the Transmission Company of Nigeria, the Bureau of Public Enterprises said on Wednesday. Director, Energy Department, BPE,…
Federal Government Begins Disbursement Of N68m Grant To Edo Rural women
The Federal Government, on Wednesday, commenced the disbursement of N68m grant to 3,400 rural women in Edo State as part of efforts to tackle poverty in the country. While giving…
Infrastructure Bill Could Fuel Stocks, But Investors Temper Enthusiasm
A U.S. government plan to upgrade the nation’s infrastructure could further fuel the stock market’s rally, but skepticism about a massive spending package navigating political obstacles and the speed of…
Chinese Tech Stocks Fall As U.S. SEC Begins Rollout Of Law Aimed At Delisting
Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do…