Nigerian Banks’ Lending Rates Discouraging Productivity, Say Manufacturers
Most manufacturers have said the commercial banks’ lending rates are discouraging productivity in the nation’s…
A Nigerian Bank Stanbic IBTC Announces key Executive Appointments
Stanbic IBTC Holdings PLC said it had made major executive appointments across its units in an attempt to bolster…
DMO: Nigeria’s Debt-GDP Will Increase By 15 Percent
The federal executive council (FEC) has approved a new medium-term debt management strategy (MTDS), that will guide…
United Nigeria Airline Conducts Inaugural Flight On Friday
A new entrant into Nigeria’s scheduled domestic air operations, United Nigeria Airline, will conduct its inaugural…
Analysis: Global Fuel Prices Jump As Asia, U.S. To Rev Up Demand In Second Quarter
Global oil and fuel prices are picking up as demand returns to pre-pandemic levels amid easing coronavirus…
Experts Urge Assets Privatisation, Securitisation To Finance Budget Deficit
The Federal Government has been urged to finance its N5.2 trillion budget deficit through privatisation of moribund…
Building The Big One: Behind The Scenes Of Biden’s $1.9 Trillion Bet
In January 5, as results came in from the Senate runoff election in Georgia, the texts between President-elect…
Unpaid Rent Is Piling Up. Landlords Can’t Hold On Forever
Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended …
Dangote Cement, Six Others Halt Stocks’ Losing Streak
The nation’s stock market halted its eight-day losing streak on Thursday on the back of the price appreciation…
11 Plc Plans Delisting From Nigerian Stock Exchange After 43 Years
11 Plc, formerly Mobil Oil Nigeria Plc, has disclosed plans to delist its shares from the Nigerian Stock Exchange…
The Man Behind Fortnite is Making The Riskiest Bet Of His Career. The Payoff Could…
Over the course of his career Tim Sweeney has been unafraid to take on tech industry giants.
The CEO and…
Nigeria Bets On Strategic Initiative, Finance Act To Boost Revenue-To-GDP By 15%
Nigeria is targeting to increase revenue as a percentage of GDP to 15 percent by 2023 from the current levels of 6…
Why We Decided To Regulate Crypto Assets, Others –Securities And Exchange…
The Securities and Exchange Commission has said it decided to provide regulatory certainty within the digital asset…
‘Ok To Feel Overwhelmed’: Banks Tackle Burnout Inflamed By Virus
From a burned-out bank boss to call centre workers isolated at home, the financial sector is suffering a surge in…
Russian Rouble Falls Ahead Of Central Bank Rate Decision
The Russian rouble weakened on Friday, pressured by lingering geopolitical concerns about Moscow’s relations with…
Norway’s Economy Weakest In 75 Years In 2020, But Q4 Shines
The Norwegian mainland economy contracted by 2.5% last year in what was probably the weakest development since…
Bumble’s $14 Billion Date: Blackstone-Backed Dating App Soars On Market…
Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday,…
PayPal Unlikely To Invest Cash In Cryptocurrencies: CNBC
PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor’s Chief Financial…
U.S. House Committee Approves Another $14 Billion For Pandemic-Hit Airlines
A U.S. House committee on Thursday approved a proposal to give airlines another $14 billion in payroll assistance…
White House Launches Clean Energy Effort, $100 Million In Technology Funding
The Biden administration on Thursday announced the U.S. Department of Energy will offer $100 million in funding to…
Asian Stocks On Hold For Lunar New Year, Bitcoin Eyes Record Highs
Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show…
Britain’s coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall…
Britain’s gross domestic product (GDP) grew 1.0% between October and December, the Office for National Statistics…
Oil’s Losses Deepen As OPEC, IEA Caution Ends Rally
Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International…
Chief Financial Officer Hesitate To Invest In, Handle Bitcoin Due To Volatility
Chief financial officers are watching closely after Tesla Inc. this week disclosed a $1.5 billion investment in…
High Year-End Spending Drove Inflation Upward
Report Summary
The Macroeconomy
The IMF forecasted a sluggish growth for the Nigerian economy in 2021.…
We’re Ready To Resume Petrol Importation, Say Marketers
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange…
Africa’s Miners And Winemakers Toast China’s Row With Australia
Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and…
Ad Software Company Viant Valued at $2.5 Billion In Nasdaq Debut
Shares of Viant Technology Inc jumped 76% in their market debut on Wednesday, giving the advertising software…
Africa Business Leaders Optimistic Of Swift Economic Recovery In 2021
Business leaders in Africa have expressed the hope that economic prosperity and increase in trading activities…
Securities Dealers Need Intervention Fund, Chartered Institute Of Stockbrokers…
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to create an intervention fund for…