Why Federal Government Is Constructing Narrow Gauge On Eastern Rail —Minister
The Federal Government on Sunday explained why it was constructing a narrow gauge railway on the Eastern rail line…
Equities Suffer Sixth Weekly Loss As Index Slumps Further By 1.74%
Although the stock market closed positive twice, last week, the gains were not enough to push the indices as the…
FIRS N1.4bn Refreshment Budget Reckless, Insensitive –TI, Others
Civil society organisations have condemned the N1.4bn budget for meals and refreshments by the Federal Inland…
The Nigerian Insurers Association: Vehicles With Fake Insurance Certificates Hit…
The number of vehicles with fake certificates on Nigerian roads rose to 9.04 million according to latest figures…
Only Restructuring Will Restore Sanity To Nigeria –Group
A civil society organisation, the Advocates for Freedom and Democracy, has said Nigeria won’t regain its sanity…
Petrol Subsidy To Gulp N102.96bn In March
The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month, going by the recent…
Buhari Dragged To Court Over Plans To Borrow N895billion From Nigerians
President Muhammadu Buhari has been dragged to court over the plans of his government to borrow an estimated…
Stockbrokers Want FG To Leverage Capital Market
The Federal Government (FG) has been urged to focus on raising bonds from the capital market to finance…
Ex-GTBank MD, Adaramodu Joins Ekiti Guber Race
The former Deputy Managing Director of the Guarantee Trust Bank, Mr. Kayode Adaramodu, has declared intention to…
After US Sanctions, Huawei Turns To New Businesses To Boost Sales
Six months after the Trump administration dealt a crushing blow to Huawei Technologies Co.’s smartphone business,…
Sandstorm Sends Pollution In Beijing To Maximum Level
Beijing was shrouded in thick brown dust that sent pollution levels soaring on Monday morning, as heavy winds…
Xiaomi Wins Temporary Reprieve From US Ban On American Investment
Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone…
UK PM Pledges 3 Billion Pounds For England’s Bus Network
British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England’s bus network, aiming…
Taiwan Central Bank Seen Holding Fire Again With Economy Strong
Taiwan’s central bank is expected to keep its policy rate steady at a record low this week as the economy continues…
H&M Sales Recover In March As Stores Reopen After Lockdown
Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in…
Dollar Gains Further As Treasury Yields Resume Climb
The dollar gained for a second consecutive session on Monday as rising U.S. Treasury yields forced traders to cut…
Take Five: Week Of The Central Banks
After a stunning selloff in U.S. Treasuries took benchmark 10-year yields above 1.6%, the highest in a year, the…
Philippine President’s Spokesman Tests Positive For COVID-19
Philippine President Rodrigo Duterte’s spokesman Harry Roque confirmed on Monday he had tested positive for…
Deliveroo Aims To Sell $1.4 Billion Of New Shares In Upcoming IPO
British food delivery company Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39…
Roche Agrees To Buy GenMark Diagnostics In $1.8 Billion Deal
Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the…
World Stocks Inch Up On Stimulus, Vaccines Hopes
Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet…
Danone Confirms Ousting Of Faber As Chairman And CEO After Activist Pressure
The board of French food group Danone said on Monday that Emmanuel Faber would step down as chairman and CEO,…
India To Propose Cryptocurrency Ban, Penalising Miners, Traders – source
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such…
Demutualisation: Stockbrokers Urged To Adjust Models With New Market Structure
Stockbroking companies in Nigeria have been urged to align their business models with the newly demutualised…
All-Share Index Falls 1.7% As Demutualisation Fails To Lift Market
The stock market recorded its sixth consecutive decline last week with the Nigerian Stock Exchange (NSE) All-Share…
Crypto Exchanges Move To Control Scam Activities In Nigeria
Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with…
China’s Factories, Consumers Drive Recovery Into 2021
China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the…
Naira’s Free Fall: Insurance Industry Capital Base Crashes To $1b
Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1…
Emerging Markets Brace For Rate Hikes With Debt At Records
After an unprecedented period of rate cuts to prop up economies shattered by Covid-19, Brazil is expected to…
Oil Marketers Seek Reactivation Of 21 Depots Across Nigeria
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for the reactivation of the 21 petrol…