Senate Alleges N120billion Fraudulent Fuel Subsidy Payment
The Senate Committee on Public Accounts, yesterday, said it had uncovered a N120 billion differential in subsidy…
Two Out Of Five Bank Workers Are Contract Staff – NBS
Two out of every five people working in Nigerian banks are contract staff, analysis of data provided by the…
Warren Buffett’s Net Worth Surpasses $100bn, Forbes Says
US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion,…
UAE Extends Ban On Nigeria Flights To March 20
The United Arab Emirates has extended its ban on Nigerian flights till March 20.
A statement from the…
ICYMI: I Didn’t Defraud FG Of N51bn, N2.5bn –Buhari’s Daughter
One of the daughters of the President, Zahra Buhari-Indimi, has said she did not defraud the Federal Government of…
Wage Bill Protests: National Assembly, Labour Meet Tuesday As Sponsor Knocks…
The leadership of the National Assembly will, on Tuesday next week, meet labour leaders over a bill which seeks to…
Dangote Set To Earn N13bn In Dividend From Sugar Business
Chairman of Dangote Group, Aliko Dangote, is expected to earn a dividend of N13.1bn for the financial year 2020…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS…
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their…
Nigerien President Wins $5 Million Mo Ibrahim Prize
President of Niger, Mahamadou Issoufou, has won the $5 million 2020 Ibrahim Prize for Achievement in African…
Mexico’s Congress Approves Landmark Cannabis Bill
Mexico’s lower house of Congress on Wednesday approved a bill that would decriminalize cannabis for recreational,…
Turkey’s Nuclear Power Dilemma
Turkish and Russian officials laid the foundation for the third reactor of Turkey’s first nuclear power plant…
Nokia Signs Patent License Pact With Samsung
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish…
Biden’s $1.9 Trillion COVID-19 Bill Wins Final Approval In House
The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures…
Tesla Raises Price Of Variants Of Model Y, Model 3, Model S
Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car maker’s…
SoftBank-Backed Coupang Raises $4.6 Billion In U.S. IPO
Coupang LLC, South Korea’s largest e-commerce company, raised $4.6 billion in the biggest share offering in the…
Rolls-Royce Plunges To Worse Than Expected $5.6 Billion Loss
British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.58 billion) loss in 2020 as…
Asia Stocks Soar As Receding Inflation Worries Bolster Confidence
Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed…
China’s Smartphone Shipments Build On Post-Pandemic Rebound In February
China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data…
Millions Of Websites Offline After Fire At French Cloud Services Firm
A fire at a French cloud services firm has disrupted millions of websites, knocking out government agencies’…
NPA Issues New Guidelines To Truckers Curbing Confusion, Irregularities
Following the challenges limiting the efficiency of the newly introduced electronic call-up system for management…
Nigeria Provisionally Awards Tenders To Develop 57 Marginal Oilfields -Sources
Nigeria’s petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four…
CBN’s Naira-For-Dollar Policy Will Boost Economy
The African Centre for Justice and Human Right (ACJHR), by Nduka Edede Chinwendu, has hailed the introduction of…
Investors Bracing For Bank Of Canada To Taper As Decision Looms
The Bank of Canada could soon start pulling back stimulus from the nation’s surprisingly robust economy, with the…
Pound-Dollar Rate Still An “Undervalued” Buy At CBA
The Pound-to-Dollar rate is this week struggling to recover back above 1.39, but Sterling remains significantly…
Nigerian Stock Exchange Wins Approval For Public Listing
The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its…
CBN’s FX Policies Spurred Popularity Of The Parallel Market
The parallel market in Nigeria is out of favour with policymakers again, but it is still wildly popular among…
Oil Rises On OPEC+ Supply Restraint And Brighter Economic Forecast
Oil prices rose on Wednesday, supported by an OECD forecast for on global economic recovery and by OPEC+ oil output…
GameStop, Other ‘Meme Stocks’ Soar As Markets Eye Stimulus Boost
GameStop Corp and other so-called meme stocks surged on Wednesday, continuing a rally that has put the video game…
Volkswagen Hikes Battery Cell Demand In EV Expansion Push: sources
Volkswagen requires about 300 gigawatt hours (GWh) worth of battery cells a year by the end of the decade for its…
Huawei Customer United Group Considering Changing Telecom Gear Vendor
Balkan telecoms and media company United Group is considering switching parts or all of the Huawei equipment that…