China’s Yuan Rises To Strongest Since ‘16 Versus Basket Of Peers
The yuan’s rally gathered pace on Thursday, with the Chinese currency rising to its strongest level since March 2016 against…
Nigeria’s President Appoints New Army Chief After Predecessor’s Death -Statement
Nigeria’s president has appointed a new army chief, the ministry of defence said in a statement on Thursday, following the…
Debt Rises By N20.8tn Under Buhari, Servicing Gulps N10.26tn
The country’s debt rose by N20.8tn between July 2015 and December 2020, data obtained from the Debt Management Office on…
Experts Fault Naira Devaluation, Say Prices’ll Rise, Poverty Deepened
Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria, economic and financial experts…
Govt Seeks Single-Digit Interest For MSMEs
The Minister of State, Industry Trade and Investment, Mariam Katagum has called for single digit rate financing for the Micro,…
Stock Market Extends Losses By N12 Billion
The stock market extended losses to three consecutive sessions yesterday, causing market capitalisation to depreciate further by N12 billion. At…
Nigeria Needs $2b Monthly For Fiscal Sustainability As FG Builds Oil Reserves
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable…
Yuan Advances To New 3-Yr High As PBOC Yet To Show Discomfort With Recent Gains
China’s yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their bets on…
Dollar Firms As Traders Brace For U.S. Inflation Gauge
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a…
PSSP Capital Base Jacked Up To N250m
The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service providers (PSSPs) to N250 million…
More Than Half Of Europeans Want To Replace Lawmakers With AI, Study Says
LONDON — A study has found that most Europeans would like to see some of their members of parliament replaced…
Cramer Says Investors Who Are Short GameStop And AMC Are Out Of Their Mind
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called…
Bitcoin Crash Opens Door To A Tax Loophole For Investors
Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a silver lining: It opens the…
Twitter Says It Is Concerned About The Safety Of Its India Staff After Police Visit Office
Twitter said on Thursday it was worried about the safety of its staff in India, days after police visited its office…
Kiwi Dollar Holds Onto Gains After Surprise Rate Hike Projection; Dollar Steady
While the dollar was steady around 5-month lows in early London trading on Wednesday, the New Zealand dollar was up…
Nigeria To Earn N320 Billion From NNPC, Bonga PSC Deal
The Nigerian National Petroleum Corporation (NNPC) and Bonga Production Sharing Contract (PSC) partners, have signed watershed agreements to unlock $700m…
How Apple’s 2015 Negotiations For Time Warner Bundling Deal Briefly Led To Acquisition Talks
As AT&T and Discovery discussed putting together their content assets, they specifically structured a deal to give the combined company flexibility to merge or sell down…
Discord CEO on reported Microsoft bid: ‘We did receive a lot of offers.’
It’s been reported that a $10 billion bid made by Microsoft for gaming platform Discord fell apart. Discord CEO and co-founder Jason Citron…
Russia threatens to slow down Google for failing to delete prohibited content, issues small fine
Russia has threatened to decelerate Google’s traffic and issued the company with a small fine for failing to remove what it says…
Microsoft’s cloud boss says the company doesn’t want to compete with doctors
Thanks to its pending acquisition of Nuance Communications, Microsoft will soon have a suite of software tools that doctors use to automatically keep…
Amazon’s ad revenue is now twice as big as Snap, Twitter, Roku and Pinterest combined
The major growth in Amazon’s advertising unit means its revenue contribution is now 2.4 times as large as Snap, Twitter, Roku and Pinterest combined, and it’s growing…
Twitter CFO Ned Segal says e-commerce is becoming more important for the company
Twitter CFO Ned Segal said Tuesday that e-commerce will be more important for the social media company as it continues to…
Oil Drops With Prospect Of Iran Deal Weighed Against Demand
Oil snapped two days of gains as investors weighed talks of higher Iranian supply against the prospect of a continued…
CBN Raises Capital Requirements For Payment Solutions Service Providers To N250 Million
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements…
Solid Minerals Exporters Owe Fed Govt N17.1b
Exporters of solid minerals are owing the Federal Government N17.1 billion royalties for minerals exported. Minister of Mines and Steel…
£4.2m Loot Paid To Delta State Govt – Accountant General
The Accountant General of the Federation, Mr. Ahmed Idris has disclosed that the controversial £4.2m looted by an ex-governor, has…
Central Banks Running Out Of Options As Recovery Falters In Asia
Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to…
Nigeria’s Economy Grows In First Quarter On Oil Price Rise
Nigeria’s economy grew 0.5% in the first quarter, lifted by higher crude production and oil prices, the country’s statistics office…
Sterling Edges Closer To Year’s High
Britain’s pound neared its high for the year on Tuesday, boosted by expectations of further relaxation of social restrictions linked…
Sylva: FG To Scale Up Domestic Gas Expansion, Monetisation Drive
Minister of State, Petroleum Resources, Mr. Timipre Sylva, has stated that the federal government will continue to ramp up its…