Texas Energy Freeze Stretches To Sixth Day, Raises Mexico’s Ire
Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled…
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter…
Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to shore…
Barclays Resumes Dividend Payouts As Annual Profit Halves
Barclays has resumed shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting…
Yuan Hits 2-1/2 Year High On China Inflows
(AFP) HONG KONG: Vaccine rollouts and economic recovery expectations drove the reflation trade further in Asia.…
Nigerian Court Blocks Shell’s Accounts Over Alleged Oil Theft
The respondents are the 20 banks where the Shell companies operate accounts in Nigeria
The Federal High Court in…
Bitcoin Soars To New High Above $52,000; Sustainability Concerns Rise
Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000…
Central Bank Of Nigeria Directs Banks To Open Dollar Account For Remittances
The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders…
New York Attorney General Sues Amazon Over Covid Shortfalls
New York Attorney General Letitia James sued Amazon.com on Tuesday over its handling of worker safety issues around…
Marketers Raise Petrol Price To N170, Depots Suffer Shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in…
US Sells $200m In Weapons To Egypt Despite Human Rights Abuses
The United States approved an arms sale worth nearly $200m to Egypt but vowed to press human rights issues after an…
Nigeria To Turn Central Bank’s $26 Bln Financing Into 30-Year Loan
Nigeria plans to convert 10 trillion naira ($26.3 billion) worth of short-term government financing by the central…
Interswitch Joins Nigeria’s $17Bn E-commerce Market With Quickteller Business
Interswitch-owned Quickteller has become the latest entrant in the Nigerian e-commerce market estimated at $17…
U.S. Producer Prices Post Biggest Gain Since 2009
U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged,…
Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom
Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth…
A Nigerian Rivers Investment Firm Flees With Depositors’ Funds
AN investment company in Igwuruta, Obio/Akpor Local Government Area of Rivers State has left its customers…
Nigeria: Declare State Of Emergency On Security, Senate Tells Buhari
The Senate on Wednesday asked the President, Major General Muhammadu Buhari (retd), to declare a state of…
Nigerian Marketers Raise Petrol Price To N170, Depots Suffer Shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in…
Federal Government Of Nigeria Subsidises Electricity By N50Bn Monthly, Says…
The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn…
Nigeria May Demand For Increased Crude Production From OPEC+ In March
Nigeria may demand increased daily crude oil production from OPEC+ in March when the restriction placed on the…
G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD
Based on our short-term fair value model, EUR, JPY, NZD and AUD are all undervalued vs USD by more than 1%. Among…
Experts Caution Federal Government, Central Bank Of Nigeria As Inflation Hits…
As Nigeria’s headline inflation jumps to 16.47 per cent from 15.75 per cent, economic experts have implored the…
Africa Leads Global Mobile Money Growth With 46 Percent
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants,…
Wealthy, Efficient Dutch Play Catch-Up In Vaccine Roll-Out
Despite its wealth and reputation for efficiency, the Netherlands trails in the European Union vaccination…
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…