Trade Deficit Widens To $2.51bn After Border Reopening
Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the…
Nigeria’s Revenue Threatened As India Slashes Crude Imports By $39.5bn
Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s…
UPDATE 1-Sterling Rises Above $1.40 For First Time Since February
The pound broke above the key $1.40 level for the first time in more than two months on Monday, reaching…
Over N3trn Unremitted Fund With MDAs – Senate
As the Senate Committee on Finance continues its investigations into revenue remittances by over 700 Ministries, Departments and Agencies(MDAs) of federal government, the committee chairman, Senator Solomon…
CBN Promises More Credit Facilities For Youths
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the apex bank’s commitment to provide more loans to…
Forex Scarcity As Vampire Sucking Economy Dry
The persistent scarcity of foreign exchange in the country is largely responsible for the multiple exchange windows, an anomaly that…
Oil Traders Work To Avert Shortages From U.S. Pipeline Hack
The shutdown of America’s largest fuel pipeline after a cyberattack is threatening to send gasoline prices to the highest in…
Nigeria To Diversify Forex With Gold Trading
Nigeria is expected to deepen its foreign exchange (forex) earnings with the impending listing of Dukia Gold’s diversified financial instruments…
CBN, IITA, Others To Halt Rejection Of Nigerian Crops
The Central Bank of Nigeria is working with the International Institute of Tropical Agriculture, government agencies and private firms to…
Rise In Import Tariff Takes Toll On Businesses
For most businesses dependent on importation of some kind, increase in import tariffs remains a sore point as well as…
Fed Warns US Financial System Remains Vulnerable To Threats
The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including…
Bitcoin Rises 6.8 % To $56,852.03
Bitcoin rose 6.8% to $56,852.03 by 1000 GMT on Wednesday, adding $3,622.23 to its previous close. However, the world’s biggest…
Exclusive China’s Tencent In Talks With U.S. To Keep Gaming Investments -Sources
Tencent Holdings Ltd (0700.HK) is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes…
U.S. SEC chair says reviewing short-selling, swap rules after GameStop, Archegos sagas
The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that…
CDC Advances Plan For Resumption Of U.S. Passenger Cruise Operations
The U.S. Centers for Disease Control and Prevention (CDC) has begun a key step for the eventual resumption of U.S.…
Dow Ends At Record High As Tech Slides
The Dow Jones Industrial Average ended at a record high on Wednesday, while Nasdaq gave up its earlier gains and…
U.S. Backs Waiving Patent Protections For Covid Vaccines, Citing Global Health Crisis
WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to…
Cramer Says He Sold Some Ether After Record Highs To Put Toward An All-Electric Hummer
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record…
Jeff Bezos’ Blue Origin To Launch First Space Tourism Passengers On July 20 And Auction Off A Seat
Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its space…
Mark Zuckerberg Can No Longer Deflect Blame For Trump’s Facebook Suspension
Facebook’s self-created “supreme court” refused to do the company’s dirty work when it handed down a decision on the platform’s indefinite ban…
Uber Partners With Softbank-Backed Gopuff To Deliver Everyday Essentials, From Snacks To Toothpaste
If you order potato chips, toothpaste or over-the-counter medication through the Uber Eats app, it will soon be fulfilled and delivered by…
Uber Losses Dramatically Improve Thanks To Sale Of Self-driving Unit
Uber beat estimates on the top line and dramatically improved its net losses in its first quarter, but missed on revenue. Shares…
Google Relaxes Remote Work Plan, Will Let 20% Of Employees Telecommute
Google on Wednesday said it now expects 20% of its employees to work from home after its offices reopen later this…
Two Wall Street Firms Say To Buy The Dip In Peloton After Treadmill Recall
Peloton shares were under pressure on Wednesday after announcing a recall, but Wall Street firms Baird and Stifel said the sell-off was…
Moderna Says Covid Booster Shot Generates Promising Immune Response Against Variants Found In South Africa, Brazil
A booster shot of Moderna’s Covid-19 vaccine generated a promising immune response against the B.1.351 and P.1 variants first identified in…
Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle
Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment…
More than 1 million new $1,400 stimulus checks have been sent. Here’s who got a payment
A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to approximately 164…
PayPal beats as revenue grows 31% from last year
PayPal shares rose as much as 4% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than…
Bank Of England Preview: Will The BoE Taper QE?
GBP 895bln. As such, given the significant improvement in the UK outlook amid a successful vaccination program and gradual easing of…
Inflation, Interest Rates, And The CBN’s Quest To Defend The Naira
A higher debt burden has meant more pressure on an already tenuous government revenue-to-debt service ratio in the country. The…