Nigeria’s Debt To Balloon Beyond N49trn On Conversion Of Central Bank Of Nigeria…
Nigeria has set the terms for the conversion of its stock of central bank overdrafts into long-term notes. The…
Analysis: Europe Braces For Pandemic Reality To Hit Banks
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe’s big banks and kick-started a debate…
Naira Steadies Across FX Market Segments As Bitcoin Sells Above N24.7m
The Naira was relatively stable against other currencies across all the tracked segments at the foreign exchange…
Reps, Finance Ministry Spat Over N2.8B Payment To OPEC
The House of Representatives and the Ministry of Finance yesterday disagreed over the procedure for paying N2.8…
Dollar Needs Retail Sales Comeback
U.S. traders came back from their long weekend on Tuesday ready for a busy trading week. They drove stocks to fresh…
Citigroup Cannot Recoup Revlon Payouts After Nearly $900 Million Gaffe: U.S. Judge
A federal judge on Tuesday said Citigroup Inc C.N is not entitled to recoup half a billion dollars of its own money…
U.S. Shale Could Face Weeks Of Depressed Oil Production Due To Cold
The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to…
Bitcoin’s Record Price Unsustainable Without Lower Volatility: JPMorgan
Bitcoin’s charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down…
Rising U.S. Yields Takes Edge Off Stocks Rally
Stock markets scratched out a new record peak in Asia on Wednesday, but their rally lost a bit of steam as a surge…
Why MTN Is Partnering African Union To Help Vaccinate 7m Health Workers
Every year, the National Fire Protection Association puts out a report about injuries to firemen in the United…
Dollar Hits Five-Month High Against Yen As Inflation Talk Boost U.S. Yields
The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the…
UK Inflation Rises To Three-Month High Of 0.7%
British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown,…
Column: Central Bank Digi Cash Spooking Shadow Economy To Crypto
If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep…
Bitcoin makes history hits $50,000 for the first time
The price of Bitcoin on Tuesday rose above $50,000 for the first time in history.
The buzz around bitcoin grew…
How Roblox, A Video Game Platform For Kids, Became A $30 Billion Company
More than half of the children in the United States play video games on Roblox.
In fact, the massively popular…
Energy Prices Jump As Millions Left Without Power In Texas
Energy prices jumped Tuesday as a deep freeze in the South boosted demand for fuel and hampered production.…
UK Watchdog To Rule On $9.5 Billion Asda Takeover By April 20
The UK competition regulator has set an April 20 deadline for a decision on the acquisition of supermarket chain…
What savers do with $2.4 trillion will define the recovery
Wall Street is expecting the economy to come roaring back to life in the second half of this year. But there's…
Uncompleted Projects: Senate Chides DPR For Paying N1.8bn
The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the…
Petrol Subsidy May Hit N11.2bn Per Week
The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as…
Why Petrol Price May Continue To Increase – Retailers
The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has insisted that the price of petrol…
The Nigerian Banking Sector Lost N5bn To Fraud In Nine Months, Says NIBSS
The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in the…
US Oil Rises Above $60 As Texas Gets Pummeled With Ice And Snow
Oil is back, thanks to a strange brew of vaccines, economic optimism and a wintry mix in the Deep South.
A…
He Says Fidelity Wouldn’t Let Him Sell During Reddit Mayhem, Costing Him…
Robinhood is in hot water for banning investors from buying GameStop during part of last month's Reddit-driven…
Baby Monitor Maker Owlet Hatches $1.4 Billion Blank-Check Deal To Go Public
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm…
Goldman Sachs To Launch Digital Investment Platform In Marcus Push
Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers’…
UK Watchdog Voices Concern Over $9.2 Billion Ebay-Adevinta Deal
Britain’s competition watchdog on Tuesday raised concerns over Adevinta’s planned acquisition of U.S. e-commerce…
Going All-In? Investors’ Cash Levels Dip To 2013 Pre-Taper-Tantrum Levels
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013,…
Global Shares Hit Record High On COVID Recovery Bet
Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as…
U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the the…