N10.7Tn Spent On Fuel Subsidy In 10 Years – Major Oil Marketers Association Of…
Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years, the Chairman, Major Oil Marketers…
Nigerian Port Authority Accuses Govt Agencies Of Sabotaging 24-Hour Port Operation
The Managing Director of the Nigerian Ports Authority, (NPA), Ms. Hadiza Bala-Usman, has accused some federal…
Pandemic Pushes BA-Owner IAG To A 4.4 Billion Euro Loss In 2020
British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal…
Corruption In Ports Batters Nigeria’s Global Rating — NSC
The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has said that the negative global…
Open Banking In Nigeria: What Next For Financial Services Sector
The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a…
China’s Huawei, Reeling From U.S. Sanctions, Plans Foray Into EVs –…
China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four…
Planemaker Airbus Unveils Emissions Data Amid Climate Pressure
European planemaker Airbus on Friday joined a growing list of companies outlining the environmental impact of their…
Nigeria Engages Other Countries As OPEC Moves To Ease Production Cut
As Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+)…
Central Banks Fight Back Against Bond Rout, Calming Investors
The standoff between central banks and bond traders took center stage in Asia on Friday after Treasury yields…
Unifying Naira’s Exchange Rate Will Take Time, Nigerian Govt Tells World Bank
The government says World Bank's insistence that the gap between the spot and the parallel market rates be closed…
Yuan Hits One-Month Low, Set To Snap Eight Months Of Gains
China's yuan hit one-month lows against a firmer U.S. dollar on Friday, after rallying for eight consecutive…
Investment Funds Increase Pressure On Danone CEO
U.S. investment company Artisan Partners joined activist investor Bluebell Capital Partners on Friday in demanding…
Debt Crisis Threatens Developing Nations, World Bank Head Says
U.S. Economy Recovering Fast, World Bank's Malpass Says
Developing nations remain at risk of a debt crisis due…
Analysis: Hyundai Bought Chips When Rivals Didn’t; Its Assembly Lines Are…
Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its…
U.S. Senate Referee Says Democrats Cannot Include $15 Minimum Wage In COVID Bill
In a blow to Democrats, the Senate parliamentarian ruled the chamber cannot include President Joe Biden’s proposed…
Twitter Sees Revenue Doubling In 2023, Shares Hit Record High
Twitter Inc said Thursday it expects to double annual revenue to at least $7.5 billion and reach 315 million users…
Google Pledges Changes To Research Oversight After Internal Revolt
Alphabet Inc’s Google will change procedures before July for reviewing its scientists’ work, according to a town…
Manipulation Forms 56% Of N5.2Bn Banks Lost To Online Crime In 2020
Online criminals in 2020 made away with N5.2 billion from digital banking channels such as the web and mobile,…
Trademark: Nigeria Firm Floors Facebook In Court
The Lagos Division of the Court of Appeal has dismissed an appeal filed by Facebook Inc and Facebook Ireland…
Report: Nigeria Records High Internet Usage, Low Download Speed
A recent report published by We Are Social and Hootsuite has shown that Nigeria maintains high record of internet…
Former Mining Exec Details Suitcase Full Of Cash He Used To Seal Deals
A former Glencore director said he used to fly the world carrying a bag full of cash to secure deals for the…
Nigeria Will Need Supplementary Budget For COVID-19 Vaccines -Finance Minister
Nigeria will draw up a supplementary budget in March to cover the cost of COVID-19 vaccinations, for which no…
Nigeria Seeks Fund Manager For $37 Billion Infrastructure Unit
Nigeria plans to hire an asset manager for its new Infrastructure Corp. of Nigeria Ltd., designed to raise as much…
Nigeria: Influx Of Foreign Miners Causing Tension In Edo Communities
Communities in Dagbala and Uneme-Erhurun in Akoko-Edo Local Government Area of Edo State are under tension…
Brazil, Nigeria Are Most At Risk Of Oil-Induced Rate Hikes
After an epic collapse last year, oil prices have tripled since April, raising inflationary pressures in emerging…
Nationwide Outage Hits Fed Reserve Banking System
Yahoo Finance's Brian Cheung joined Yahoo Finance Live to break down the details of Powell testifying on Capitol…
In Boost For COVID-19 Battle, Pfizer Vaccine Found 94% Effective In Real World
The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly…
Analysts Predict 12% Growth In IoT Semiconductor By 2025
IoT Analytics, a provider of market insights and competitive intelligence for the Internet of Things (IoT) has…
Exit From Recession, Result Of Our Fiscal Policies — Federal Government Of Nigeria
The federal government said yesterday the country’s recent exit from recession was a direct result of its fiscal…
Central Bank Digital Currencies: The Next Big Thing In Global Finance
Interest in bitcoin and other cryptocurrencies is surging and central banks don’t want to be left behind by…