Refineries: Reps Probe $1.5bn Planned Rehabilitation, Past Repairs
The House of Representative has resolved to investigate the fresh $1.5bn recently approved by the Federal Executive Council to rehabilitate…
Infrastructure Bill Could Fuel Stocks, But Investors Temper Enthusiasm
A U.S. government plan to upgrade the nation’s infrastructure could further fuel the stock market’s rally, but skepticism about a…
Oil Falls As Demand Concerns Trump Suez Canal Disruptions
Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug…
Westpac Could Lead Australian Exit From New Zealand Banking
Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the other…
Asian Stocks Trip On China Tech Woes, Some Cyclical Shares Bought
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they…
In 2020 The Ultra-Rich Got Richer. Now They’re Bracing For The Backlash
In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II,…
Asian Shares Wobble In Volatile Trade As China Tech Selloff Weighs
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they…
Chinese Tech Stocks Fall As U.S. SEC Begins Rollout Of Law Aimed At Delisting
Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would…
COLUMN-Central Banks Left Flat-Footed By Flexible Fed: Mike Dolan
This time it is probably different – or at least for monetary policymakers and markets trying to track them. Fuzzier…
Tesla Now Accepts Bitcoin As Payment For Cars, Musk Says
Having stunned the market with its audacious bet on Bitcoin earlier this year, Tesla Inc. will now start accepting the world’s largest electronic currency…
Insecurity Worsens Nigeria’s Inflation – CBN Boss, Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country’s rising inflation was due to…
NDLEA Lagos Airport Command Seizes 979.667kg Drugs In Three Months, Convicts 12
Between January 2021 and March 2021, the National Drug Law and Enforcement Agency (NDLEA), Murtala Muhammed Airport Command said it…
Cash Is King For Emerging Nations Facing Spike In Funding Costs
Cash is king may well be the mantra for emerging markets this year. With the relentless increase in Treasury yields…
NPA Suspends Export Receipts At Lagos Ports, Clamps Down Illegal Jetty Operators
Nigerian Ports Authority (NPA) has announced two weeks suspension of export receipts at Lagos seaports and all satellite truck parks, with…
Warnings As Crypto, Digital Yuan Fraudsters Run Wild In China
Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices…
Oil Resumes Advance Alongside Broader Market Rally
Oil resumed gains alongside a broader market rally and after a weekly U.S. inventory report showed signs of an uptick…
Tugs Work To Free Giant Container Ship Stranded In Suez Canal
The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one…
Sterling Dips As UK Vaccination Drive Faces Bump In The Road
Sterling fell on Wednesday after the European Union raised the prospect of blocking COVID-19 vaccine shipments to countries, such as…
Yuan Going Global: China Tests Its Digital Currency On E-Commerce Platforms
As part of a push to internationalize the yuan, China has been testing its digital currency on trading platforms around…
Bank Of Canada Sees More Investor Activity, Flipping In Housing -Deputy Governor
The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing markets…
Nigeria Will Receive 84 Million Doses Of AstraZeneca Vaccine This Year –Osinbajo
Vice-President Yemi Osinbajo on Tuesday said Nigeria would receive 84 million doses of Oxford AstraZeneca vaccine this year. Nigeria had…
Naira 4 Dollar: Nigerians In Diaspora Remit $40 Million In One Week
The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according…
Nigeria Obtains $1 Billion Loan To Support MSMEs— Minister
The facility has a long-term tenor, alongside moratorium benefits. The Bank of Industry (BoI), under the supervision of the Ministry of…
Massachusetts Court Reverses Order Requiring Facebook To Disclose App Records In Privacy Probe
The top court in Massachusetts on Wednesday reversed an order requiring Facebook Inc to turn over to state Attorney General…
Financials lift S&P 500, Dow; Powell, Yellen On Deck
The S&P 500 and the Dow rose on Wednesday as economy-linked financial and energy stocks gained amid another day of…
Court Orders Extension Of The Nigerian Identification Number (NIN) Registration By Two Months
Justice Maureen Onyetenu of the Federal High Court sitting in Lagos has ordered the extension of the deadline for National…
Suez Canal Blocked By Traffic Jam After Massive Container Ship Runs Aground
A large container ship remains stuck in Egypt’s Suez Canal, blocking other vessels from moving in both directions and sparking…
US Stocks Set For A Rebound
There has been a surge in air travel with this year’s spring break, but a recovery in flights by business travelers…
China May Just Have Doomed Its Trade Deal With Europe
China and the European Union rang in the new year by striking a major investment deal intended to strengthen their…
Futures Rise Ahead Of March Business Surveys; Intel Shines
U.S. stock index futures rose on Wednesday as Intel’s shares surged on plans to expand advanced chip making capacity, while…