Wall Street Opens lower As Spike In Yields Pressures Tech Stocks
Wall Street’s main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related…
Fortum Tightens Grip On Uniper In Leadership Shakeout
Finland’s Fortum has tightened its grip on German utility Uniper after a boardroom shake-up that sees changes to…
Austria In Talks To Buy A Million Doses Of Russia’s Sputnik V vaccine
Austria is in talks with Russia to buy a million doses of its Sputnik V coronavirus vaccine, which has yet to be…
Senate Gives CBN Governor 72 Hours Ultimatum To Appear Over ‘Missing $9.5 Million
The Senate has given the Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, an ultimatum of seventy-two…
Microfinance Bank Expands Accessibility
Advans La Fayette Microfinance Bank, an international microfinance institution, has expanded its presence in…
Nike Sues Maker Of Lil Nas X ‘Satan Shoes’
Nike is suing the art collective behind the Lil Nas X “Satan Shoes” that have sparked a social media backlash.…
Artisans With Pension Accounts Now 62,463, Says PenCom
Two years after the Federal Government launched the Micro Pension Plan for the informal sector, 62,463 artisans…
Hyundai Motor To Suspend Some South Korea Output Due To Chip, Component Supply…
South Korea’s Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant…
After Firing Turkey’s Cenbank Chief, Erdogan Also Removes Deputy
President Tayyip Erdogan removed a central bank deputy governor, Murat Cetinkaya, from his post on Tuesday, 10 days…
BMW Has Got Its Timing Right For Beefing Up Electric Cars: CEO
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German…
Oil Gains As Focus Switches To OPEC+ Extending Output Cuts
Oil prices rose on Tuesday as shipping traffic resumed through the Suez Canal after days on hold and focus turned…
SK Innovation Says May Pull Its Battery Business Out Of U.S.
South Korea’s SK Innovation Co Ltd said on Tuesday it is considering all options including pulling its battery…
Malaysia’s AirAsia Shares Slide After Record Quarterly Loss
Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the…
Real-Economy Stirrings Show U.S. Leaves Europe In The Dust
Real-time data on everything from sit-down restaurant meals to job hirings shows American business and consumers…
City Of London Says It Expects Bulk Of Workers To Return After Pandemic
The City of London financial district is likely to see most workers return to their offices after the coronavirus…
BOJ Warns Of Rising Credit Costs Among Financial Institutions
Japanese financial institutions have seen credit costs rise this fiscal year due to uncertainty over the business…
Again, Senate Summons Emefiele, Alleges Federation Account $9.5m Missing
The Senate Public Accounts Committee has given the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, up till…
Lagos Okays Ex-Aviation fuelling Firm MD, Others’ Trial Over Alleged N1bn Fraud
The Directorate of Public Prosecutions in Lagos State has said sufficient facts exist to establish a prima facie…
Lagos Accounts For 12.15% As States Debts Hit N4.2tn
The total states and Federal Capital Territory domestic debt profile hit N4.2tn with Lagos State accounting for…
China Bonds Set For Billions Of Inflows After Final FTSE WGBI Nod
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship…
Iran Rejects Ending 20% Enrichment Before U.S. Lifts Sanctions: State TV
- Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV…
Apple Supplier Foxconn Fourth Quarter Profit Misses Estimates
Taiwan’s Foxconn, the world’s largest contract electronics maker which counts technology giants such as Apple Inc…
Japan Asks Taiwan Manufacturers To Cooperate In Chip Production
Japan has asked some Taiwanese manufacturers to cooperate in alternative production of semiconductors, industry…
Teamviewer In Five-Year Sponsorship Deal With Mercedes F1 And FE Teams
German software company Teamviewer said on Tuesday that it had struck a five-year sponsorship deal with the…
“She’s Free”: Traffic In Suez Canal Resumes After Stranded Ship…
Shipping traffic through Egypt’s Suez Canal resumed on Monday after a giant container ship which had been blocking…
Crypto Shadow Banking Explained And Why 12% Yields Are Common
A swathe of shadow banks in the $1.6 trillion cryptocurrency market have figured out how to generate returns of 12%…
Explainer: Why Nigeria’s Central Bank Won’t Ease Its Grip On The Naira
Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary…
Bitcoin Rises As Visa Moves To Approve Crypto USD Coin
Bitcoin (BTCUSD=X) prices climbed as much as 3% by late-morning in London on Monday following yet more news of…
Stanbic IBTC, CAP, Lafarge Top Stocks To Watch This Week
Nigerian stocks were up by N436.250 billion in the week that just went by, buoyed by a number of impressive…
Nigeria Sets N50m Capital Base For Commodities’ Collateral Firms
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set a minimum capital base…