US Stocks Set For A Rebound
There has been a surge in air travel with this year’s spring break, but a recovery in flights by business travelers…
Category: Investing
Dangote Cement To Pay Over N97billion In Corporate Tax For 2020
Africa’s largest cement producer, Dangote Cement Plc has remained a major contributor to the economy with a tax charge of…
BUA Chairman Rabiu Launches $100m Annual Africa Fund
The Abdul Samad Rabiu Initiative has launched a $100m Annual Africa Fund for social development and renewal; $50m to Nigeria…
Federal Government Certifies 269 Soil Doctors, Agriculture Extension Workers
The Federal Government on Tuesday announced that it had issued certificates to 269 soil doctors and agriculture extension workers and…
Federal Government Justifies $100 Charges, Others Imposed On Nigerians In Diaspora
The Federal Government has said charges and levies imposed on Nigerians in diaspora at the foreign missions are due to…
Musk Says ‘Can Now Buy A Tesla With Bitcoin’
Tesla Inc’s Elon Musk tweeted here on Wednesday, “you can now buy a Tesla with bitcoin.” -Reuters
Asian Shares Hit Two-Week Lows, Dollar Gains As Investors Scurry For Cover
Asian shares skidded to a two-week trough on Wednesday and the dollar neared four-month highs as coronavirus lockdowns in Europe…
Toyota To Reinvest In Isuzu To Partner On Connected Commercial Vehicles, Fuel Cells
Toyota Motor Corp will reinvest in Isuzu Motors Ltd to work together on connected commercial vehicles and fuel cells, the…
Brazil Central Bank Aims To Prevent 2021 Inflation From Infecting 2022
Brazil’s central bank stands ready to raise interest rates by another 75 basis points in May in order to bring…
AfCTA: Nigeria Plans $50bn Intra-Africa Exports
The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve economically viable communities in…
AB Volvo Shares Fall 7% After Warning Chip Shortage To Hit Output
Shares in AB Volvo fell 7% on Tuesday after the Swedish truckmaker warned of a substantial hit on production in…
Flourish Ventures Opens Up New Office In Nairobi, Kenya To Support African Fintech Startups
The African fintech startup scene is set for a boost after Flourish Ventures, a global fintech venture capital firm, announced…
Valar Ventures Makes First Investment In Africa With Neo Bank Kuda
Launched in 2016 as lending platform Kudimoney, Kuda rebranded in June of 2019 and received a banking licence from the…
RisCura Launches Impact Fund-Of-Funds For South Africa
Purpose-driven investment firm RisCura is applying its institutional investment experience to impact investing and has launched the country’s first Impact…
China’s JD.com To Invest $800million In Dada Group
Chinese e-commerce firm JD.Com said on Monday it will invest $800 million in Dada Group, giving it a 51% stake…
Union Bank’s Annual Profit Rises To N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the…
Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF) aimed at supporting…
Forex Scarcity Hampering Airlines’ Operations, Says Onyema
Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume…
UBA: Strong Performance In A Difficult Year
United Bank for Africa (UBA) Plc’s total assets last year leapt two spaces to N7.70 trillions from N5.62 trillion in…
Stock Market Records N140bn Weekly Loss
The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and…
US-Nigeria Investment Summit To Hold In New York
The US-Nigeria Investments Summit has announced it will hold a global trade and investment event for 2021 in September. The…
Capital Group Becomes Second-Biggest Investor In ABB
U.S.-based investment manager Capital Group has increased its stake in ABB to 5.05%, a regulatory filing showed on Friday, becoming…
Federal Government Discovers Gold Deposit Along Abuja-Nasarawa Border
Adegbite paid Abdullahi Sule, the Nasarawa state governor, a courtesy visit in Abuja on Wednesday. The minister said the mineral…
Futures Rise As Spike In Bond Yields Eases
U.S. stock index futures edged higher on Friday following a steep pullback in the prior session as bond yields withdrew…
Don’t Spend Over $1.5bn Embalming On A Dead Refinery – Dino Melaye Tells Buhari
Former Senator representing Kogi West Senatorial district, Dino Melaye has also faulted the approval of $1.5bn for the renovation of Port Harcourt…
Bond Managers Say Pace Of Rise In U.S. Bond Yields ‘Unsettling’
The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major…
Oil Extend Losses Amid Gloomy Demand Outlook
Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a…
Pakistani Province Plans To Build Pilot Crypto Currency Mining Farms
The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish…
Britain Sets Sights On ‘Big Four’ Auditors In Market Shake-Up
Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud…
Steeper And Higher: U.S. Bond Tantrum Averted, But Worries Remain
Markets may be less fearful of a “taper tantrum” after the Federal Reserve’s latest meeting, but the prospect of higher…