Central Bank Of Nigeria: Digital Currency Would Be Critical National Infrastructure
The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a…
Shakeup In NNPC, Senior Management Staff Redeployed, COO Sacked
The Nigerian National Petroleum Corporation on Monday announced the promotion and redeployment of some staff to fill vacant positions, as…
Equities Market Commences Week On Negative Note, Drops By N126.86bn
The Nigerian equities market commenced this week on a bearish note, as investors profit-taking in mid-high capitalised companies down the…
Worry As Insecurity, Uncertainty Trigger N116b Outflow From NGX
…Investors seek initiatives to reverse weak macro-economic scenario With the N116.7b pulled from the nation’s stock market from the month…
China’s Covid Lockdown Could Have Economic Costs To The World, Says Strategist
China has tightened Covid-19 measures to combat an uptick in daily cases — a move that could hold back the…
Canada Reopens Its Border For Vaccinated US Visitors
Canada lifted its prohibition on Americans crossing the border to shop, vacation or visit on Monday while the United States…
Bitcoin’s Rebound To 3-Month High Has Bulls Eyeing $50,000 Again
Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to tax crypto…
U.S. Senate To Vote On Passage Of $1 Trillion Infrastructure Bill
The U.S. Senate has set a Tuesday vote on passage of a $1 trillion bipartisan infrastructure bill that is one…
British Asset Manager Abrdn Reports Surge In Profits
Asset manager abrdn’s (ABDN.L) earnings jumped over 77% in the first half of 2021, its first set of results since a rebranding…
The ‘Buy Now, Pay Later’ Trend Could Be The Next Hidden Source Of Consumer Debt, Analysts Warn
Buy now, pay later” options are becoming increasingly popular, but analysts warn of default risks given the lack of credit…
Japan’s SoftBank Reports 39% Fall In Q1 Net Profit
Japan’s SoftBank Group Corp (9984.T) on Tuesday reported a 39% fall in first-quarter net profit, even as Vision Fund returns were boosted…
Dollar Buoyed As Healthy U.S. Jobs Fuel Fed Taper Talk
The dollar was buoyant on Tuesday, pushing the euro to a four-month low, as a run of strong U.S. job…
Ireland Stares Down Major Changes To Its Tax System
As the OECD’s deadline for finalizing major reforms to the global tax system draws near, the Irish government recently opened…
Oil Recovers After Hitting Three-Week Low Amid Surging COVID-19 Cases
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to…
People who are fully vaccinated against Covid-19 are highly protected against severe infection, hospitalization and death caused by the virus.…
Australian Startup Dovetail Set For Expansion As Valuation Hits $100 Mln
Australian customer analytics startup Dovetail wants to almost triple its staff and open an office in the United States after…
Treasury Yields Little Changed Ahead Of Inflation Data, Infrastructure Vote
United State Treasury yields were little changed early on Tuesday, as investors digested jobs data and comments from Federal Reserve…
Samsung Leader Jay Y. Lee Granted Parole, To Leave Prison On Friday
Samsung Electronics (005930.KS) vice chairman Jay Y. Lee, in jail after convictions for bribery, embezzlement and other charges, has qualified for parole…
S.Korea’s Krafton, Maker Of Hit Game ‘PUBG’, Tumbles On Debut
Shares in Krafton Inc (259960.KS), the Tencent Holdings-backed (0700.HK) South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as…
Apple Says Photos In iCloud Will Be Checked By Child Abuse Detection System
Apple Inc (AAPL.O) on Monday said that iPhone users’ entire photo libraries will be checked for known child abuse images if they…
Asian Stocks On Backfoot As Concern Over Delta Variant Saps Confidence
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as…
Fed Officials Say Tapering Is Near, Advancing Discussion On Rate Hike
Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor market…
Sterling Slips As Currency Markets Weigh Up Tapering Timelines
The pound slipped slightly in early trading on Monday, but was still close to its strongest versus the euro since…
Debt Servicing Consuming Nigeria’s Revenues, Says LCCI
The Lagos Chamber of Commerce and Industry has advised the Federal and State Governments to liberalise the infrastructure sector by…
Customs To MDAs: Only Items Imported By President Are Exempted From Taxes
Timi Bomodi, NCS deputy national public relations officer, said this in a statement on Friday. Bomodi said this while raising…
Bitcoin Hits 3-Month High Above $45,000
Bitcoin gathered steam on Monday afternoon in London, heading above the $45,000 mark for the first time since mid-May. Both…
Nigeria Still Imports Dirty Fuel Four Years After Ban
Nigeria is still importing petroleum products with high sulphur content as the ban imposed on the importation of such fuels…
CBN Charges Bank Customers On Their Rights, Privileges
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and privileges at all…
NEPZA, Delta Move To Revive Koko Port FTZ
The Nigeria Export Processing Zones Authority on Sunday disclosed that discussions were ongoing with the Delta State Government to revamp…
Investors Stake N8.2 Billion On Equities In Five Trading Days
At the end of last week’s transactions, a turnover of 989.6 million shares worth N8.2 billion was recorded in 9,617…