Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its…
Czech Billionaire Kellner killed In Alaska Helicopter Crash
The Czech Republic’s richest man, billionaire Petr Kellner, was killed in a helicopter crash in Alaska, his financial group PPF…
Most Nigerian Airports Not Viable, Says Senate Committee
The chairman of Senate committee on aviation, Senator Smart Adeyemi, says most airports in Nigeria are not viable. Adeyemi stated…
Take Advantage Of The N5bn Export Fund –NEPC
The Nigerian Export Promotion Council has called on all exporters and Small and Medium Scale Entrepreneurs to take advantage and…
Investors BlackRock, Vanguard Join Net Zero Effort
Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to…
Nomura Flags $2 Billion Loss, Cancels Bond Issue; Shares Plummet
Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan’s biggest brokerage and…
Telcos Reject Demand By Banks For Sim Swap List
Telecommunication Companies have rejected the demand by Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) to submit lists…
Daily Fuel Consumption Hits 72.72m litres, Marketers Blame Smuggling
Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the…
Federal Government Moves To Revive Oil Fabrication Yard In Lagos
The Federal Government has expressed its readiness to assist in reviving a multimillion-dollar oil fabrication yard in Lagos State stalled…
Euro Set For Biggest Monthly Drop Since Mid-2019 On Economy Fears
The euro languished below $1.18 on Monday as the prospect of tougher coronavirus curbs in France and Germany weighed on…
Treasury Wine Faces 175.6% Duty Rate For Australian Wine Exports To China
Treasury Wine Estates Ltd, the world’s largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6%…
Singapore Wealth Fund Buys 2.5% Stake In Cellnex From Benetton Family
Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from…
France, EU Close To A Deal On Air France Bailout: Minister
France and the European Union are close to a deal on a bailout for Air France, which like other carriers…
Exxon, Chevron Take A Slow Walk On The Path To U.S. Shale Recovery
Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a…
Alibaba-Backed Energy Monster Caught In Legal Dispute Ahead Of U.S. Listing
Energy Monster, China’s biggest mobile device power bank startup backed by Alibaba and SoftBank, is embroiled in an ownership dispute…
Saudi Arabia Seeks To Draw In Foreign Companies
Saudi Arabia has been pushing foreign firms to invest in the kingdom and set up regional headquarters in Riyadh. The…
Banks Warn On Losses After Archegos Capital Stock Unwind
Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by sources…
Nigerian Startups Raise More Money In A Single Month Than Whole Of 2020
In a month tech investors decided to open their investment wallets in an unusual manner, five Nigerian startups have found…
Central Bank Digital Currencies: Challenges And Prospects
We expect central bank digital currencies (CBDC) to gain further momentum. This will likely be driven first and foremost by…
Facebook, Google Suggest Reform
Facebook Chief Executive Mark Zuckerberg has laid out steps to reform a key internet law on Wednesday, saying companies should…
Federal Government Of Nigeria Begs States To Back Actualisation Of 70 Per Cent Broadband Penetration
Minister of Communications and Digital Economy, Dr. Isa Pantami, has appealed to state governments to cooperate with service providers in…
Assembly Okays Sanwo-Olu’s N4.4bn Vehicle Purchase Request
The Lagos State House of Assembly has approved N4.4bn for the procurement of vehicles for official use by ministries, departments…
Reps Summon Customs’ Auditors Over Non-Presentation Of Accounts
The House of Representatives’ Committee on Public Accounts on Thursday summoned the auditors engaged by the Nigeria Customs Service over…
Dominion Voting Systems Sues Fox News For $1.6 Billion Over Election Claims
Dominion Voting Systems Corp filed a $1.6 billion defamation lawsuit against Fox News, accusing the cable news network of falsely…
Citi hires Goldman’s Chief Diversity Officer
Citi Group said on Friday that it hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its…
Afreximbank, NEXIM Sign $50m Fund MoU To Stimulate Local Industries
African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a…
Building Stronger Post COVID-19 GDP Growth With Fiscal, Monetary Buffers
For most analysts, Nigerian economy’s sudden exit from recession in the fourth quarter (Q4) of 2020 came as a surprise, driven…
At Last, FG To Increase Petrol Pump Price
After dillydallying, it is now official that the liability Nigerians fear most, fuel subsidy, is real and active after the…
Bulls Maintain Dominance As Capitalisation Rises By N45 Billion
The bulls maintained dominance on the equity sector of the Nigerian Stock Exchange (NSE) as more blue-chip stocks appreciated, resulting…
Nigeria’s Parliament Could Pass Oil Reform Bill In April -Minister
Nigeria’s parliament may pass the long-delayed Petroleum Industry Bill (PIB) in April, the country’s minister of state for petroleum said…