Oil Extends Losses As Texas Prepares To Ramp Up Output
Oil prices fell from recent highs for a second day on Friday as Texas energy firms began to prepare for…
Bitcoin Climbs Above $52,000 As Musk Backs Crypto Over Cash
Billionaire Elon Musk defended Tesla Inc.’s $1.5 billion Bitcoin investment on Twitter, calling the cryptocurrency a “less dumb” version of…
Dollar Slips Further After Disappointing Jobs Data, Sterling Shines
The U.S. dollar slipped further on Friday and the euro rebounded after disappointing U.S. data dented optimism for a speedy…
Bitcoin Price Prints New High Above $52.5k, Will BTC/USD Reach $100k?
The Bitcoin price is steady at the time of writing on Feb 19. The world’s most valuable digital asset is now trading…
Port Harcourt Refinery Overhaul To Begin Soon – Report
The Nigerian National Petroleum Corporation (NNPC) is now on track to undertake the complete overhaul of Nigeria’s biggest refinery billed to commence…
Inaccessible Spectrum Cut-Off 950m Africans From Internet
Despite continued progress in the expansion of mobile service and Internet connectivity, 50 per cent of Africans (680 million people)…
Don’t Create Artificial Petrol Scarcity, Nigerian National Petroleum Commission Warns Marketers
The Nigerian National Petroleum Corporation (NNPC) has warned petrol marketers against hoarding Premium Motor Spirit (petrol) in order not to…
Cryptocurrency Ban: A destructive Financial Policy
The news of the Central Bank of Nigeria (CBN) directive on the prohibition of banks/individuals from buying, selling and using…
As Ghost Of Fuel Subsidy Removal Lurks Around
The benefits of the fuel subsidy removal far outweighs the pains associated with the expected rise in petrol pump price…
World Trade Organization: Organise Private Sector Tempers Expectations From Okonjo-Iweala’s Regime
Members of the Organise Private Sector (OPS) have welcomed the announcement of Dr. Ngozi Okonjo-Iweala as the new Director General…
Nigeria’s Best And Worst Performing Sectors In 2020
The recently released GDP report by the National Bureau of Statistics shows that some sectors recorded growth despite a hard…
Experts Rate Economy As Weak Despite Exit From Recession
Nigeria exited recession after the country’s Gross Domestic Product recorded a slight growth of 0.11 per cent in the fourth…
Federal Government Of Nigeria, States, Local Governments Share N640.310 Billion In January 2021
The Federation Accounts Allocation Committee (FAAC) at the end its meeting on Thursday shared N640.310 billion to the three tiers…
Chief Executive Of Japan’s Honda To Step Down, Hand Reins To R&D Chief
Japan’s second-biggest automaker by sales, Honda Motor Co, said on Friday its chief executive, Takahiro Hachigo, would step down and…
UK Court Blocks Release Of HSBC Papers In Huawei CFO Fraud Case
A British judge on Friday blocked the release of internal HSBC documents relating to U.S. fraud allegations against Huawei Chief…
Traders Rush To Supply Fuel To The U.S. As Texas Freeze Bites
Massive refining outages in the U.S. state of Texas due to freezing weather has led to a flurry of fuel…
Bitcoin Steams To New Record And Nears $1 Trillion Market Cap
Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely…
Nigeria’s Economy Rebounds With 0.11% GDP Growth In Q4’20
Nigeria’s economy re-bounded in the fourth quarter of last year (Q4’20) as the nation’s Gross Domestic Product (GDP) grew year-on-year…
United Capital Approves N4.2Bn Dividend For Shareholders
The Board of Directors of United Capital Plc has approved the payment of N4.2 billion as dividend to shareholders for…
Global Stocks Mostly Fall Amid Angst At Inflation Risk
Global stock markets mostly fell Wednesday, with investors worried about high-flying share prices and the potential for inflation to spiral.…
Central Banks Need To Change Gear
It’s time for central banks to prepare financial markets to regain more influence over longer-term interest rates, braking the move…
European Shares Rise On Upbeat Hermes Earnings; Renault Slides
European shares edged higher on Friday as an upbeat earnings report from Hermes boosted confidence in a broader economic recovery,…
UK Retail Sales Slump In New Lockdown, Borrowing Less Than Expected
British retail sales tumbled in January as non-essential shops went back into lockdown, official data showed, but lower-than-expected public borrowing…
Renault Clings To Turnaround After Record $9.7 Billion Loss
Renault said on Friday that margins and sales had begun to recover in the second half of 2020 as it…
Central Bank ‘Punch Bowl’ Still Brimming For Markets
Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors little option but…
After Many Threats, Google Begins Paying For News In Australia
In January, Google threatened to make its search engine unavailable in Australia if the government approved legislation that would force tech companies…
IT Solution Recognised As Key Digital Platform
Omdia, formerly Ovum, one of the world’s leading research and consultancy company, has featured Comviva’s mobiquity Banking Suite as one…
Online Fraud Rising As More Nigerians Fall Victims
Increasing number of Nigerians count their losses as activities of cybercriminals continue to rise year-on-year (Y-o-Y) basis. A report from…
Nigeria Must Pay Close Attention To Rising Interest-To-Revenue Ratio – International Monetary Fund Warns
The high cost of servicing Nigeria’s debt compared to the revenue it generates (interest-to-revenue ratio) is an indicator Africa’s largest…
Federal Government Of Nigeria Seeks $1.2bn Loan To Fund Agriculture
The Federal Government has disclosed plans to borrow $1.2 billion to boost the country’s agricultural sector under what it called…