A $9 Million Boss? UniCredit Investors To Decide How Much Orcel Is Worth
Investors are due to approve Andrea Orcel’s appointment as chief executive of UniCredit on Thursday, but the issue…
World Stocks Hit Record High As Bond Yields Ease
Global stock markets rose to a record high on Wednesday as bond yields eased after data showed U.S. inflation was…
Buying Diamonds In Lockdown? WhatsApp Can Be Your Best Friend
As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to…
Coinbase Listing Marks Latest Step In Crypto’s March To The Mainstream
Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a…
Russia Calls U.S. An Adversary, Warns Its Warships To Avoid Crimea
Russia on Tuesday called the United States an adversary and told U.S. warships to stay well away from Crimea “for…
Tech Stocks Push S&P 500 To Record Close, Buoy Nasdaq
The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook…
OPEC Raises 2021 Oil Demand Growth Forecast On Hope Pandemic Wanes
OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will…
JPMorgan Downgrades Emerging Market Currencies To ‘Underweight’
Investment bank JPMorgan recommended selling emerging market currencies on Tuesday, completing a 180-degree pivot…
Black Americans Are Embracing Stocks and Bitcoin to Make Up for Stolen Time
They’ve heard it all before. Set a budget. Avoid high-interest debt. And, oh yes, it sure is smart to get that…
Egypt Seizes Suez Ship ‘Ever Given’ Pending $900 Million Compensation
An Egyptian court allowed the ship that blocked the Suez Canal last month to be seized after a request from the…
We’ve Lost Dollars To Sell Cement In Nigeria – Dangote
The manufacturer responds to reports its cement cost more in Nigeria than in other African countries.
The…
CBN to Commence Enrolment of All DFIs, MFBs, PMBs and FCs on the CRMS Platform
As part of the efforts to promote a safe and sound financial system in Nigeria, the CBN introduced the CRMS to…
The Chinese Yuan Is Going Completely Digital
Yesterday, I explained how China has moved to a mostly cashless society... and how it's planning to go completely…
Qatar To Pump Nigeria’s Economy With $5 Billion Investment: Reports
Qatar is eyeing up plans to invest $5 billion into the African country’s economy, Nigerian media reported on…
Nigerian Exchange Launches New Corporate Identity
Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure in Africa, has launched of its…
CBN To Clamp Down On Bad Debtors To OFIs
The Central Bank of Nigeria has said it will extend its Credit Risk Management System to the other financial…
How Many IMF Reports Does It Take To Dim The Moon’s Lustre?
Time was when the International Monetary Fund (IMF)’s numbers on the domestic economy mattered. “What to make of…
More Asian Countries Thick-Skinned About FX Manipulation Tag
A larger number of Asian countries and economies could join the ranks of those branded currency manipulators by the…
Dollar Edges Up As Markets Wait For U.S. Inflation Data
The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, but was still near three-week lows…
Cryptocurrency Market Now Worth $2trn
The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it…
Biden Warns ‘No Justification’ For Violent Protest After ‘Tragic’ Police Shooting
US President Joe Biden on Monday called the shooting of a Black motorist by police “tragic” but warned that violent…
HP Seizes 54,000 Nigeria Counterfeit Products, Largest In EMEA
In the past year, the HP Anti-Counterfeiting and Fraud team stopped the potential sale of 54,000 counterfeit toner…
Nosediving Disposable Income, An Underlying Factor In Nigeria’s Housing Deficit ——…
Mr. Oluwatobi Lawal is the Managing Director/CEO, Lagos Building Investment Company PLC. In this interview with …
Microsoft In Discussions To Buy Nuance Communications: Report
Technology giant Microsoft is in advanced discussions to buy the US group Nuance Communications, which specializes…
No Going Back On NIN, SIM Verification, Says Pantami
Minister of Communications and Digital Economy, Dr. Isa Pantami, yesterday, said Federal Government would not go…
Twitter Chooses Ghana To Grow Its African Presence
Twitter has opened its first African office in Ghana to grow its African presence.
The company is actively…
‘Support For Indigenous Brands Critical To Economic Growth’
The Managing Director, Rite Foods Limited, Seleem Adegunwa, has called on Nigerians to support indigenous…
Households, Businesses Can Apply For N50Bn COVID-19 Loans – CBN
The Central Bank of Nigeria has said that households and businesses affected by the COVID-19 can now apply for…
Report: Increased Borrowing May Trigger Structural Reforms in Nigeria
As Nigeria is projected to raise $3 billion this year meet its infrastructure needs, which is expected to increase…
Okonjo-Iweala: COVID-19 Vaccine Nationalism, Export Restrictions Threat to Africa
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, yesterday deplored increasing…