Yen Libor Death Knell Sounds As Traders Close In On Replacement
The hunt for a benchmark to replace yen Libor is gaining ground, with Japan’s traders leaning toward the Tokyo…
Foreign Investors Withdraw N116.72bn From Stock Market In Six Months
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of…
DMO Offers FG Savings Bonds For Subscription At N1,000 Per Unit
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings…
Zainab Ahmed: Nigeria Imported 400,000 Vehicles In 5 Years
Ahmed said this during a sensitisation programme on the national vehicle registry (VREG) platform in Kano on…
Cargo Haulage Cost Falls By 70% In 1 Month Over Low Import
The cost of cargo haulage from the Lagos ports has dropped by about 70 percent in the last one months, importers…
CBN Sets N1m As Application Fee For Payment Service Holding Company Licence
Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday.…
BDC’s Damage To Nigeria’s Economy Colossal – Finance Expert
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he…
Mixed Reactions Trail CBN’s Hammer On Forex Sales To BDCs
The Central Bank of Nigeria’s (CBN) decision to stop forex sales to Bureau De Change (BDC) operators has continued…
Wall Street Set To Pull Back After S&P Hits Record High
Wall Street's main indexes were set to open lower on Wednesday following a record close for the S&P 500, while…
U.S. Crime App Citizen Rolls Out First Paid Tool, Connecting Users To Safety…
U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety…
U.S. Private Payrolls Growth Slows In July- ADP
U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw…
Brazil Retailers Hunt For M&A Deals To Compete For E-Commerce Dominance
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in…
New York Times Digital Subscription Growth Slows To Lowest In Three Years
The New York Times Co's (NYT.N) quarterly digital subscription growth slowed to its lowest in three years as the…
Facing Calls To Quit, Malaysia’s Prime Minister Says He Will Prove His Legitimacy…
Malaysia’s embattled Prime Minister Muhyiddin Yassin said Wednesday he will put himself through a vote of…
Factbox: China’s Key Commodities Targeted By Beijing’s Recent Measures
As a key producer, importer and consumer of most of the world's major commodities, China is uniquely sensitive to…
Tyson Foods, Microsoft Mandate Vaccinations, U.S. Automakers Mask Up
Tyson Foods Inc (TSN.N), Microsoft Corp (MSFT.O) and Detroit's Big Three automakers joined a growing list of U.S.…
Toyota, Honda Beat Profit Estimates But Warn Of Extended Chip Crunch
Toyota Motor Corp (7203.T) posted record quarterly earnings and Honda Motor Co (7267.T) raised its annual profit…
Ether Falls 1% Ahead Of Major Upgrade To Ethereum Network
Ether fell about 1% on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would…
Sony Posts Record Q1 Profit On Pandemic Demand For Devices And Content
Sony Corp (6758.T) raised its earnings outlook on Wednesday after a record first-quarter operating profit helped by…
Stocks making the biggest moves premarket: General Motors, CVS Health, Kraft…
General Motors (GM) – General Motors missed the consensus estimate of $2.23 per share with an adjusted…
General Motors Misses Wall Street Second-Quarter Earnings Expectations, Raises…
General Motors missed Wall Street’s earnings expectations for the second-quarter despite a strong profit and…
Elon Musk’s Photos Show SpaceX Rolling Out Its Massive Rocket Booster For Starship
SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital…
CENTRAL BANKS Inflation Pressure To Test Bank Of England’s Patience At Key…
Economists broadly expect the Bank of England’s Monetary Policy Committee to raise its inflation forecasts on…
Janet Yellen, United State Treasury secretary Says Enacting Biden’s Agenda Key To…
Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden’s economic agenda is…
Indian Shares Hit Record Highs As Investors Focus On Earnings And Interest Rate…
Indian shares hit a record high on Wednesday as investors remained upbeat in the middle of corporate earnings…
ECONOMY Household Debt Jumps By The Most In 14 Years To Nearly $15 Trillion In The…
Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in…
Made in China’ Products Are Running Into New Logistics Problems
Chinese companies wanting to go global are running into shipping problems.
Access to cheap manufacturing at home…
After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators…
Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk…
Oil Falls A Second Day With Delta’s Spread Threatening Demand
Oil fell for a second day as the spread of the delta coronavirus variant, including in the key market of China,…