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 2020 financial…
Facebook Rallies After Zuckerberg Downplays Risk Of Apple Policy
Facebook Inc. shares rallied on Friday, with the stock extending a recent advance after Chief Executive Officer,…
CBN Sets 94% Target For Financial Inclusion By 2024
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged Nigerians to harness the benefits…
FINMA Chief To Head Up German Financial Watchdog BaFin: Handelsblatt
Mark Branson, the head of Switzerland’s financial markets regulator FINMA, is to be named the new President of…
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)…
COVID-19 Has Opened New Opportunities In Digital Economy In Africa — ECA
A new report launched by the Economic Commission for Africa (ECA) on the impact of COVID-19 on e-commerce in the…
BOJ Buys Stock ETFs As Usual After Policy Change, But Changes May Lie Ahead
The Bank of Japan bought around 50 billion yen of Japanese stocks exchange traded funds (ETFs) on Monday, in line…
Huawei Lawyers To Focus On Witness Refusal To Testify In U.S. Extradition
Huawei Chief Financial Officer Meng Wanzhou’s U.S. extradition hearings on Monday are expected to focus on a former…
Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief
Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend…
Free Zone: Lagos To Attract Additional $5bn In 4 Years
The Lagos Free Zone (LFZ) which already has a committed investment of $2 billion is poised to attract an additional…
What Data Say Of Nigeria’s Economy
In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for…
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…
Fed Govt Lists N163B Sovereign Sukuk
The Federal Government has listed its N162.56 billion Sukuk on the Nigerian Exchange (NGX) Limited, paving the way…
Minimum Wage: National Assembly Raises Panel To Avert Strike
The Clerk to the National Assembly, Olatunde Ojo, has constituted a nine-member committee to fashion out modalities…
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…
Brexit reality Stokes Fears For The Peace In Northern Ireland
The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off…
Livestock Sector Can Add N33tn To Economy—Federal Government
Nigeria’s livestock sector has the potential to add N33tn worth of investments to the country’s economy, the…
Power Generation Falls To 3,657MW As Hydro Output Plunges
Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as the output of the hydropower…
NNPC’s Proposed Repair Of Port Harcourt Refinery
Within the outgone week, the Executive Council of the Federation reportedly approved the sum of $1.5bn for the…
Stock Market Records N140bn Weekly Loss
The Nigerian stock market extended its decline last week as investors lost N140bn.
The Nigerian Stock Exchange…
China Seeks To Rein In Mobile Apps’ Collection Of Personal Data
China’s cyber watchdog said on Monday mobile app providers cannot deny users basic access to their services even if…
Britons Should Wait Before Booking International Travel: Minister
Britons should wait before booking summer holidays abroad, social care minister Helen Whately warned on Monday,…
Saudi Aramco To Prioritise Energy Supply To China For 50 Years, Says CEO
Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as…
Oil Falls As European Lockdowns Douse Recovery Hopes
Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products…
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…
Richmond Fed’s Barkin: U.S. May Be ‘On The Brink’ Of Complete…
The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus…
POS Merchants Urge CBN To Change Charge-Back Policy
POS merchants operating in Nigeria has called on the Central Bank of Nigeria (CBN) to change its policy on…
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…
Automobile Retail Experts Speak On Import Policies
While the Nigerian automobile industry has registered negligible growth in the recent years, due to many factors…
Canadian Pacific To Buy Kansas City Southern In $25 Billion Railway Bet On Trade
Canadian Pacific Railway Ltd agreed on Sunday to acquire Kansas City Southern in a $25 billion cash-and-stock deal…