Dollar Hits One-Year High On Recovery Bets, Yields Lend Support
The dollar hit a one-year high versus the yen and multi-month peaks with other currencies on Wednesday as investors bet…
ByteDance Considers Listing Douyin In New York Or Hong Kong: Sources
ByteDance is in talks about a possible offshore listing of its short video app Douyin, the Chinese version of TikTok,…
Hitachi To Buy U.S. Software Developer GlobalLogic For $9.6 Billion
Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for $9.6 billion, including repayment of debt,…
A Billion Dollars For Every Chip-Maker Who ‘Makes In India’
India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the…
Volvo Cars To Review Various Options Including IPO, Geely Says
China’s Zhejiang Geely Holding Group said on Wednesday its Volvo Cars would explore capital market options including a potential initial…
H&M Slips To Loss, Pledges To Rebuild Trust In China After Backlash
H&M reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in…
Mastercard, Rivals ‘Ran Cartel’ On Cards For The Vulnerable, UK Watchdog Says
-Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of…
13 Nigerian Security Chiefs, Others Stole $400m, Stash Loot In UAE – HEDA
The Human and Environmental Development Agenda has said assets and funds worth more than $400m stolen from Nigeria were stashed…
Customs Propose Ban On Vehicles Above Seven Years
The House of Representatives’ Committee on Customs and Excise has proposed a revenue target of N1.56tn for the Nigeria Customs…
NEXIM, Afreximbank Mobilise $50m Funding For SMEs
The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support…
Reps Summon FIRS Boss, Query Tax Waiver For P&G
The House of Representatives’ Committee on Public Accounts has invited the Chairman of Federal Inland Revenue Service, Mr Muhammad Mami,…
Court Bars Federal Government From Blocking SIM Cards On April NIN Linkage Deadline
A Federal High Court in Lagos State has barred the Federal Government from blocking SIM cards not linked to National…
Tech Start-Up Set To Launch Virtual Meeting Solution
A Nigerian tech start-up firm, New waves Ecosystems Limited, is pitching for a major stake in the multi-billion-dollar global online…
$1.5bn For Port Harcourt Refinery Rehabilitation Outrageous – Reps Caucus
The minority caucus in the House of Representatives has rejected the $1.5bn approval for rehabilitation of the Port Harcourt refinery,…
Federal Government To Meet Resident Doctors To Avoid Looming Strike
The Federal Government is set to meet with the leadership of the National Association of Resident Doctors to avoid the…
Ericsson Opens Lab In Canada To Test New 5G Tech
Ericsson is opening a lab in Ottawa, Canada, to work with customers and partners on new 5G radio access networks…
Daimler To Speed Up Electric Shift As 2021 Starts Strongly
Daimler has got off to a good start in 2021 despite a global shortage of semiconductor chips, and plans to…
Bayer To kick Off Sale Of $2.4 Billion Pest Control Unit This Summer – Sources
German chemicals group Bayer is preparing to kick off the sale of pest control unit Bayer Environmental Science (BES) this…
Australia Marks Quietest Fire Season In A Decade
Australia’s most populous state has closed out its quietest fire season in a decade, its fire service said, as the…
Asian Shares Wobble, Set For Monthly Loss On Bond Rout
Asian stocks were on the backfoot on Wednesday while the safe-haven dollar held near a one-year high as Treasury yields…
Amaechi: We Have Borrowed $2.6bn From China For Lagos-Ibadan Rail
Rotimi Amaechi has confirmed that the Federal Government of Nigeria has borrowed about $2.6billion from China Exim Bank for the…
4 Reasons For Big Moves In Currencies This Week
It will be another busy week for the financial markets with potentially big moves in currencies and equities. On Wednesday, President…
Battered Lira Lures Back Japan Traders Looking For Yields
The Turkish lira’s tumble last week flushed out a number of bullish traders. Some Japan’s retail investors are already starting…
Gen X Emerging From Pandemic With Firmer Grip On America’s Wallet
Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump…
Market Forces Should Determine Gas Prices For Sustained Growth – DPR
The Department of Petroleum Resources, DPR, yesterday, advocated that market forces should be allowed to determine gas prices, so as…
Nigeria Will Continue To Rely On Natural Gas As A Transition Fuel — Sylva
Nigeria will continue to rely on natural gas as a transition fuel for key power generation while pursuing renewable for…
Naira Sells For N409.13/$1 At I&E As Crypto Market Recovers
The Naira opened the week in the positives at the Investors and Exporters (I&) window on Monday, March 29, appreciating…
Oil Drops As Suez Opens, Focus Turns To OPEC+ Output Cuts
Oil prices fell on Tuesday as the Suez Canal opened up after days closed by a grounded supercarrier and focus…
FG, States’ Debt Profile Rise To N32.92trn – NBS
Nigeria’s total public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS)…
CEE MARKETS-Zloty Falls To 11-Year Low, Pressured By Pandemic And Low Interest Rates
The Polish zloty weakened to its lowest level since mid-2009 on Monday, underperforming its peers and adding to recent losses…