U.S. Treasury Secretary Yellen: Too Soon To Say If Changes Needed To Address…
U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon to say whether new policies or regulations…
Stock Conversion Allows China’s Wanda To Sell AMC Shares Amid Retail Frenzy
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to…
SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three…
Belgium Eyes Prospects In Nigerian Ports
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by…
Oil Theft: Shell Plans Onshore Exit
Royal Dutch Shell has disclosed possible outright exit from onshore terrain due to persistent challenges associated…
Nigerian Equities Lose N368b Amid Interim Earnings
Nigerian equities traded negative all through the week to close weekend with a net capital depreciation…
Cryptocurrency: Bureaux De Change Operators Back Central Bank Of Nigeria Ban
The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its backing to the Central Bank of…
As Nigeria Taps Into The Huge Methanol Market
Nigeria’s failure to develop its methanol industry over the years, despite an abundance of gas resources,…
Flash Loans Are Providing Instant Cash To Crypto Speculators
Money for nothing. That’s what a fast growing array of financial products dubbed flash loans are promising the…
Britain Will Not Introduce COVID-19 Vaccine Passports
Britain will not introduce COVID-19 vaccine passports, but people will be able to seek proof from their doctor if…
Analysts: Naira To Depreciate To N490/$1 On Parallel Market
Citing the Central Bank of Nigeria’s (CBN) plan to settle February 24 Non-Deliverable Forwards (NDFs) at N412.14 on…
U.S. States Ask FCC To Scrutinize Verizon’s Plan To Buy Tracfone
The attorneys general of 16 U.S. states and the District of Columbia on Friday urged the Federal Communications…
Police Seize $60 Million Of Bitcoin! Now, Where’s The Password?
German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster.…
U.S. To Revoke Terrorist Designation Of Yemen’s Houthis Due To Famine
The United States said on Friday it intends to revoke the terrorist designation for Yemen’s Houthi movement in…
Purchasers Managers Index Hits Six-Month Low As Output Prices Rise – Report
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a…
Nigerian Central Bank Reportedly Ban Banks From Servicing Crypto Clients
The Central Bank of Nigeria (CBN) has reportedly issued circular directing financial institutions against dealing…
Tight Borders After Vaccines Will Have Negative Economic Impacts, Bank Of England…
Ben Broadbent, the Bank of England’s deputy governor of monetary policy, told CNBC that tight borders following the…
Brent Oil Within Sight Of $60 On Expectations For Tight Supply
Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand…
Pound’s ‘Risk-On Imposter’ Behavior Makes Any Rally Vulnerable
The pound is behaving like a “risk-on imposter,” making it vulnerable to a reversal in sentiment.
That’s the…
Naira’s Woes Worsen At I&E, Depreciates To N397.63/$1
The woes of the Naira continued at the Investors and Exporters (I&E) window of the foreign exchange…
Terminals Pave Way As Nigeria Loses $43b To Oil Theft
Nigeria’s persistent crude oil loss has been linked to land terminals, as the Department of Petroleum Resources…
Africa’s Recovery From Covid-19 Will Be Slow
A second wave could play havoc with commerce, public finances and schools
At first glance, sub-Saharan Africa…
Size Of Nigeria’s Economy To Increase As NBS Moves To Rebase GDP
The National Bureau of Statistics says it has begun the national business sample survey (NBSS) as part of efforts…
Euro Optimism Losing Mojo As Strategists Make A Bearish Turn
After surging this year to the highest since 2018 against the dollar, the euro is losing its luster and strategists…
EU Electric And Plug-In Hybrid Car Sales Jump To Over 1 Million In 2020
Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last…
Dollar Strengthens On U.S. Economic Outlook; Euro Dips Below $1.20
The dollar strengthened to two-month highs and the euro dropped below $1.20, as data pointed to an improvement in…
Total Pension Assets Rose To N12.3tn in 2020 – PenCom
Total pension assets under the Contributory Pension Scheme rose by N2.1tn to N12.3tn as of the of the 2020 from…
Which Central Banks Have The Biggest Footprint In FX?
With the dollar turning into a safe haven during the pandemic, risk appetite has become one of the most crucial…
German Watchdog Orders Goldman Sachs To Comply With Money Laundering Rules
Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money…
Again, Senate Summons NDDC Over N6.25bn COVID-19 Palliative Sharing
The Senate Committee on Ethics, Privileges and Public Petitions, on Thursday, issued a fresh summon on the…