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International Monetary Fund Backs Central Bank Of Nigeria, Cautions against Cryptocurrency Transactions
BusinessLocal

International Monetary Fund Backs Central Bank Of Nigeria, Cautions against Cryptocurrency Transactions

The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not…

byEkeminiFebruary 18, 2021
FX Market: Central Bank Of Nigeria Intervened With $10.308bn In Six Months
BusinessLocal

FX Market: Central Bank Of Nigeria Intervened With $10.308bn In Six Months

The Central Bank of Nigeria (CBN) sold a total of $10.308 billion in the foreign exchange (FX) market in the…

byEkeminiFebruary 18, 2021February 18, 2021
Federal Government Of Nigeria Targets 500,000 Employees Under Survival Fund Scheme
BusinessLocal

Federal Government Of Nigeria Targets 500,000 Employees Under Survival Fund Scheme

The Federal Government has announced a plan to support over 500,000 employees with a N30,000 one-off grant, noting that the…

byEkeminiFebruary 18, 2021February 18, 2021
Ehingbeti: Experts Urge Goverment On Digital Policy Consistency
BusinessTechnology

Ehingbeti: Experts Urge Goverment On Digital Policy Consistency

Technology experts at the ongoing Lagos State Economic Summit, Ehingbeti, have stressed the need for governments to maintain policy consistency…

byEkeminiFebruary 18, 2021February 18, 2021
Bears Maintain Dominance On NSE, Market Drops Further By N15Bn
BusinessWorld

Bears Maintain Dominance On NSE, Market Drops Further By N15Bn

The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion due to persistent…

byEkeminiFebruary 18, 2021
$3.5bn Loan: Nigeria Not Fully Complying With Terms – International Monetary Fund
BusinessLocal

$3.5bn Loan: Nigeria Not Fully Complying With Terms – International Monetary Fund

International Monetary Fund (IMF) has accused the Federal Government of reneging on some of the conditions it promised to keep…

byEkeminiFebruary 18, 2021
Texas Clamps Down On Out-Of-State Gas Sales Amid Shortages
BusinessWorld

Texas Clamps Down On Out-Of-State Gas Sales Amid Shortages

Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a…

byEkeminiFebruary 18, 2021
Apple lobbies For India Incentives As It Plans IPad Assembly
BusinessTechnologyWorld

Apple lobbies For India Incentives As It Plans IPad Assembly

Apple Inc is angling to participate in a new scheme to boost India’s exports of computer products, part of what…

byEkeminiFebruary 18, 2021
Texas Energy Freeze Stretches To Sixth Day, Raises Mexico’s Ire
BusinessTechnologyWorld

Texas Energy Freeze Stretches To Sixth Day, Raises Mexico’s Ire

Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled with massive…

byEkeminiFebruary 18, 2021
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter Loss
BankingBusinessWorld

Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter Loss

Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to…

byEkeminiFebruary 18, 2021
Barclays Resumes Dividend Payouts As Annual Profit Halves
BusinessInvestingWorld

Barclays Resumes Dividend Payouts As Annual Profit Halves

Barclays has resumed shareholder payouts after a year-long hiatus due to the COVID-19 pandemic, setting expectations other British lenders will…

byEkeminiFebruary 18, 2021
Yuan Hits 2-1/2 Year High On China Inflows
BusinessWorld

Yuan Hits 2-1/2 Year High On China Inflows

(AFP) HONG KONG: Vaccine rollouts and economic recovery expectations drove the reflation trade further in Asia. Japan’s Nikkei 225 index leapt…

byEkeminiFebruary 18, 2021
Nigerian Court Blocks Shell’s Accounts Over Alleged Oil Theft
BusinessLocal

Nigerian Court Blocks Shell’s Accounts Over Alleged Oil Theft

The respondents are the 20 banks where the Shell companies operate accounts in Nigeria The Federal High Court in Lagos…

byEkeminiFebruary 18, 2021
Bitcoin Soars To New High Above $52,000; Sustainability Concerns Rise
BusinessWorld

Bitcoin Soars To New High Above $52,000; Sustainability Concerns Rise

Bitcoin surged to yet another record high on Wednesday, a day after the virtual currency vaulted to the $50,000 hurdle,…

byEkeminiFebruary 18, 2021February 18, 2021
Central Bank Of Nigeria Directs Banks To Open Dollar Account For Remittances
BusinessLocal

Central Bank Of Nigeria Directs Banks To Open Dollar Account For Remittances

The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving…

byEkeminiFebruary 18, 2021
New York Attorney General Sues Amazon Over Covid Shortfalls
TechnologyWorld

New York Attorney General Sues Amazon Over Covid Shortfalls

New York Attorney General Letitia James sued Amazon.com on Tuesday over its handling of worker safety issues around the Covid-19 pandemic at…

byEkeminiFebruary 17, 2021
Marketers Raise Petrol Price To N170, Depots Suffer Shortage
BusinessLocal

Marketers Raise Petrol Price To N170, Depots Suffer Shortage

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent…

byEkeminiFebruary 17, 2021
US Sells $200m In Weapons To Egypt Despite Human Rights Abuses
BusinessTechnologyWorld

US Sells $200m In Weapons To Egypt Despite Human Rights Abuses

The United States approved an arms sale worth nearly $200m to Egypt but vowed to press human rights issues after…

byEkeminiFebruary 17, 2021
Nigeria To Turn Central Bank’s $26 Bln Financing Into 30-Year Loan
BusinessLocal

Nigeria To Turn Central Bank’s $26 Bln Financing Into 30-Year Loan

Nigeria plans to convert 10 trillion naira ($26.3 billion) worth of short-term government financing by the central bank into a…

byEkeminiFebruary 17, 2021
Interswitch Joins Nigeria’s $17Bn E-commerce Market With Quickteller Business
BusinessLocalTechnology

Interswitch Joins Nigeria’s $17Bn E-commerce Market With Quickteller Business

Interswitch-owned Quickteller has become the latest entrant in the Nigerian e-commerce market estimated at $17 billion. The payment unit announced…

byEkeminiFebruary 17, 2021February 17, 2021
U.S. Producer Prices Post Biggest Gain Since 2009
BusinessWorld

U.S. Producer Prices Post Biggest Gain Since 2009

U.S. producer prices increased by the most since 2009 in January as the cost of goods and services surged, suggesting…

byEkeminiFebruary 17, 2021
Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom
InvestingWorld

Walmart Investors Eye Push Into Advertising, Healthcare Following Pandemic Boom

 Walmart Inc’s investors and analysts are likely to look past the retail giant’s slowest same-store sales growth since the start…

byEkeminiFebruary 17, 2021February 17, 2021
A Nigerian Rivers Investment Firm Flees With Depositors’ Funds
BusinessLocal

A Nigerian Rivers Investment Firm Flees With Depositors’ Funds

AN investment company in Igwuruta, Obio/Akpor Local Government Area of Rivers State has left its customers devastated after their office…

byEkeminiFebruary 17, 2021
Nigeria: Declare State Of Emergency On Security, Senate Tells Buhari
BreakingLocal

Nigeria: Declare State Of Emergency On Security, Senate Tells Buhari

The Senate on Wednesday asked the President, Major General Muhammadu Buhari (retd), to declare a state of emergency on security…

byEkeminiFebruary 17, 2021
Nigerian Marketers Raise Petrol Price To N170, Depots Suffer Shortage
AfricaBusinessLocal

Nigerian Marketers Raise Petrol Price To N170, Depots Suffer Shortage

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent…

byEkeminiFebruary 17, 2021February 17, 2021
Federal Government Of Nigeria Subsidises Electricity By N50Bn Monthly, Says Minister
BusinessLocal

Federal Government Of Nigeria Subsidises Electricity By N50Bn Monthly, Says Minister

The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister…

byEkeminiFebruary 17, 2021
Nigeria May Demand For Increased Crude Production From OPEC+ In March
BusinessLocal

Nigeria May Demand For Increased Crude Production From OPEC+ In March

Nigeria may demand increased daily crude oil production from OPEC+ in March when the restriction placed on the country’s production…

byEkeminiFebruary 17, 2021
G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD
BusinessWorld

G10 FX Short-Term Valuation: Most Currencies Have Further To Run Vs USD

Based on our short-term fair value model, EUR, JPY, NZD and AUD are all undervalued vs USD by more than…

byEkeminiFebruary 17, 2021
Experts Caution Federal Government, Central Bank Of Nigeria As Inflation Hits 16.47%
BusinessLocal

Experts Caution Federal Government, Central Bank Of Nigeria As Inflation Hits 16.47%

As Nigeria’s headline inflation jumps to 16.47 per cent from 15.75 per cent, economic experts have implored the federal government…

byEkeminiFebruary 17, 2021
Africa Leads Global Mobile Money Growth With 46 Percent
BankingLocalTechnology

Africa Leads Global Mobile Money Growth With 46 Percent

There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the…

byEkeminiFebruary 17, 2021

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