OPEC+ Debates Whether To Raise Or Freeze Oil Output As Price Recovers
The market has been expecting the OPEC+ group of producers to ease supply cuts by about 500,000 barrels per day…
Federal Government Approves Establishment Of SIM Swap Centres By Mobile Network Operators
The Ministerial Task Force on the NIN-SIM registration has approved the establishment of SIM Swap Centres by Mobile Network Operators…
Collaboration Necessary To Deliver Digital Payment Services’
Financial experts who participated at the Nigeria Finance virtual forum, which held on Tuesday, have stressed the need for collaboration…
Nigeria Ranks Lowest In Internet Affordability – Report
A global study on the quality of digital wellbeing in 85 countries has ranked Nigeria the lowest country in Internet…
Nigerian Team Builds First-Of-Its-kind Technology For Microsoft
Microsoft Mesh, a new mixed-reality platform powered by Azure – that allows people in different physical locations to join and…
Expert Urges Strengthening Of Core Competence, Strategic Reserves
An energy and logistics expert, Elvis Chukwudi Okonji, has urged players in the energy and logistics industry to deepen their…
Texas Power Grid CEO Is Fired Following Widespread Outages During Winter Storms
Following widespread power outages during a series of winter storms that left many Texas residents in the dark for days, the head…
Nigeria Records N4.9tr Investment Inflows In 5 Yrs
The Nigeria Investment Promotion Commission (NIPC) has said Nigeria’s annual investment inflows averaged $13 billion (about N4.940 trillion) in the…
Fuel Scarcity: Marketers Raise Ex-Depot Price To N163/Litre
Fuel retailers have accused private depots of being responsible for the shortage of Premium Motor Spirit (PMS) popularly called petrol across…
Apple-Supplier Foxconn Flags Strong Start To Year As Lockdowns Spur Electronics Demand
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong…
MTN Records 37.2 Million NIN Enrolment
MTN Nigeria said it has enrolled 37.2 million National Identification Numbers (NINs) for its subscribers in the ongoing exercise of…
The Pains Of Doing Business Online In Africa
With an estimated population of 1.216 billion people, you will agree with me that Africa is a great continent. But,…
Emefiele Rules Out Foreign Investors’ Exclusion From OMO
Foreign portfolio investors (FPIs) will not be barred from participating in the Open Market Operations (OMO) auctions, Central Bank of…
Nigeria Signs Fresh Five-Plug Bilateral Deal On Industrial Growth
Nigeria has signed a $1.4 billion memorandum of understanding (MoU) with Morocco to enhance its industrial capacity and boost the…
Deliveroo To Deliver $7 Billion Dual-Class London Listing
Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and…
Monde Nissin Seeks $1.3 Billion In Philippines’ Biggest Ipo
Philippine food maker Monde Nissin Corp. filed for an initial public offering to raise as much as 63 billion pesos ($1.3…
Federal Government Of Nigeria Denies Allocating Vaccines To Rich Nigerian
The Federal Government of Nigeria has insisted that the AstraZeneca/Oxford COVID-19 vaccines currently in the country have not been allotted…
The Leadership Of Cattle And Foodstuff Dealers Under The Aegis Of Amalgamated Union Of Foodstuff And Cattle Dealers Of Nigeria (AUFCDN) Agreed To End The Blockade Of Supplies To The South.
The leadership of Cattle and Foodstuff dealers under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria…
World’s Biggest Wealth Fund Puts Japan’s Kirin On Watch List Over Myanmar Link
The Norwegian central bank said on Wednesday it had put Japan’s Kirin Holdings Ltd Co on a watch list for…
Lufthansa Weighs More Aircraft Retirements After Record Loss
Lufthansa may permanently ground more planes to emerge leaner from the coronavirus pandemic, the German airline group said on Thursday…
Bond Scares Spook World Shares, Investors Look To Powell
Resurgent worries about rising U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve…
Germany’s Merck KGaA Predicts Earnings Gain In 2021
Germany’s Merck KGaA predicted further earnings gains in 2021 as an effort by the pharma industry to ready treatments and…
Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week
Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their…
Britain Launches New Pandemic Loan Support Scheme
Britain’s finance minister Rishi Sunak on Wednesday launched a new state-backed loan scheme for businesses hit by the COVID-19 pandemic,…
Central Bank Of Nigeria Votes N50b For Commodity Exchange
The Central Bank of Nigeria (CBN) has committed N50 billion into the Nigeria Commodity Exchange (NCX) to boost post-harvest handling…
Oil Extends Gains On Prospect Of OPEC+ Sticking With Supply Cuts
Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing…
Texas Power Grid Operator ERCOT Fires CEO After Deadly Blackouts
Texas’ power grid operator ousted chief executive Bill Magness on Wednesday, as the fallout continues from a deadly blackout last…
UK New Car Sales Slump In February Amid COVID-19 Hit
British new car registrations fell by roughly 36% year-on-year in February, according to preliminary data from an industry body, as…
Nigeria Sovereign Investment Authority, OCP Morocco Seal $1.4bn Deal To Produce Ammonia In Nigeria
The Nigeria Sovereign Investment Authority (NSIA) has sealed a $1.4bn deal with the OCP of Morocco as well as the Akwa…
SMEs Report Rise In Demand As Nigeria PMI Swings Back To Positive
Nigeria’s manufacturing Purchasing Managers’ Index (PMI), a gauge for manufacturing sentiments, moved back into positive territory in February 2021 after…