Petrol Price May Hit N190 As Oil Nears $60
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit…
Endless Turnaround Maintenance:Outrage, Anger Over Nigeria National Petroleum…
The Federal Government may soon be on a collision course with Nigerians over its plan to seek a US$1 billion loan…
Stakeholders Demand Six-Month National Identification Number -Subscription…
Stakeholders in the telecom space have called for further extension of the National Identification Number…
Inside Nigeria’s Multibillion-Dollar Abandoned Oil, Gas Projects
Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas…
Hedge Funds Bet On Oil’s ‘Big Comeback’ After Pandemic Hobbles…
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has…
Dollar Nurses Losses As Traders Await More Data To Determine Direction
The dollar nursed losses against most currencies in subdued trade on Monday as disappointing U.S. jobs data caused…
Why We Banned Cryptocurrency Trading In Nigeria – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of…
Asia-Pacific Stocks Mostly Rise; China Announces New Anti-Monopoly Rules Aimed At…
Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following…
Brent Approaches $60 Per Barrel As Supply Cuts, Stimulus Hopes Lift Prices
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and…
Dollar Nurses Losses As U.S. Economic Doubts Undercut Rally
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to…
Asian Shares, Oil Buoyant On Economic Revival Hopes
Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion COVID-19…
Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars,…
U.S. Treasury Secretary Yellen: Too Soon To Say If Changes Needed To Address…
U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon to say whether new policies or regulations…
Stock Conversion Allows China’s Wanda To Sell AMC Shares Amid Retail Frenzy
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to…
SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three…
Belgium Eyes Prospects In Nigerian Ports
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by…
Oil Theft: Shell Plans Onshore Exit
Royal Dutch Shell has disclosed possible outright exit from onshore terrain due to persistent challenges associated…
Nigerian Equities Lose N368b Amid Interim Earnings
Nigerian equities traded negative all through the week to close weekend with a net capital depreciation…
Cryptocurrency: Bureaux De Change Operators Back Central Bank Of Nigeria Ban
The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its backing to the Central Bank of…
As Nigeria Taps Into The Huge Methanol Market
Nigeria’s failure to develop its methanol industry over the years, despite an abundance of gas resources,…
Flash Loans Are Providing Instant Cash To Crypto Speculators
Money for nothing. That’s what a fast growing array of financial products dubbed flash loans are promising the…
Britain Will Not Introduce COVID-19 Vaccine Passports
Britain will not introduce COVID-19 vaccine passports, but people will be able to seek proof from their doctor if…
Analysts: Naira To Depreciate To N490/$1 On Parallel Market
Citing the Central Bank of Nigeria’s (CBN) plan to settle February 24 Non-Deliverable Forwards (NDFs) at N412.14 on…
U.S. States Ask FCC To Scrutinize Verizon’s Plan To Buy Tracfone
The attorneys general of 16 U.S. states and the District of Columbia on Friday urged the Federal Communications…
Police Seize $60 Million Of Bitcoin! Now, Where’s The Password?
German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster.…
U.S. To Revoke Terrorist Designation Of Yemen’s Houthis Due To Famine
The United States said on Friday it intends to revoke the terrorist designation for Yemen’s Houthi movement in…
Purchasers Managers Index Hits Six-Month Low As Output Prices Rise – Report
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a…
Nigerian Central Bank Reportedly Ban Banks From Servicing Crypto Clients
The Central Bank of Nigeria (CBN) has reportedly issued circular directing financial institutions against dealing…
Tight Borders After Vaccines Will Have Negative Economic Impacts, Bank Of England…
Ben Broadbent, the Bank of England’s deputy governor of monetary policy, told CNBC that tight borders following the…
Brent Oil Within Sight Of $60 On Expectations For Tight Supply
Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand…