33 C
Lagos, South Africa and New York
Wednesday, January 20, 2021



Budget Transparency: Bayelsa did not participate in N123.34 bn 2020 grant to states –...

By Nathan Nwakamma Yenagoa, Jan. 15, 2021 The Bayelsa government on Friday said that the current administration did not participate in the 2020 budget transparency...

Don canvasses use of Chinese currency to benchmark Nigeria’s budget

By Fatima Mohammed-Lawal Ilorin, Jan. 11, 2020 Prof. Gafar Ijaiya, the Director of the Ilorin Business School (IBS), University of Ilorin, has advocated the...

ECONOMY

Average price per litre of kerosene dips slightly in December- NBS

By Folasade Akpan Abuja, Jan. 19, 2021 The average price per litre paid by consumers for National Household Kerosene decreased slightly to N352.79 in...

Salami list areas to drive Nigeria’s economy in 2021

By Lydia Ngwakwe Lagos, Jan. 19, 2021 The Chairman, Presidential Economic Advisory Council, Dr Adedoyin Salami, has urged the Federal Government to pay attention...

MADE IN NIGERIA

Access Bank to support international expansion drive with HoldCo – Wigwe

By Chinyere Joel-Nwokeoma Lagos, Jan. 19, 2021 Access Bank Plc said on Tuesday that its transition to Holding Company (Holdco) would offer continent-wide opportunities and...

FirstBank deepens Nigeria’s financial inclusion with largest agent banking network, empowers smes

At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank’s commitment...



ENERGY

IEA Slashes Oil Demand Outlook For 2021

The International Energy Agency cut its crude oil demand recovery outlook for this year by 300,000 bpd to 5.5 million bpd in its latest...

Oil’s supply-led rally peters out as virus cases surge

Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. U.S. oil was down...

COMMODITIES



EMERGING MARKET

Champion Breweries share gains 32.35% on Heineken’s acquisition of controlling stake in Nigeria Breweries

The share price of Champion Breweries’ stocks since the resumption of the market last week increased by 32.35%. Champion Breweries stocks have gained 32.35% since...

Neimeth Pharmaceutical mulls additional N5bn via additional equity

The Board of Directors of Neimeth Pharmaceuticals has revealed plans to raise N5billion in additional equity upon approval by shareholders of the company. The Company...

RESEARCH

Naira Crawling Peg?

Nigerian GDP Better Than Thought

When the World Bank recently published its Global Economics Prospects, we were surprised to see a 4.1% recession estimated for Nigeria in 2020. In...

Nigeria Reports Consumer Food Inflation Spikes Despite Harvest and Land Border Re-opening

Nigeria's headline inflation for December 2020 came in at 15.75%, much higher than analyst expectations and 0.86% above the November figure (14.89%). It is...

INVESTING

World New Coverage

Nigeria News Coverage

Data and internet subscriptions spooked Nigeria’s telecom growth in Q3’2020

Nigerians telecommunications sector was in growth mode in the third quarter of 2020, led by data and internet subscriptions which rose by 23 percent...

Elon Musk’s Starlink satellite internet service gets approved in the UK

Elon Musk's Starlink satellite internet service has been approved by the UK regulator Ofcom. Starlink, from Musk's aerospace company, SpaceX, will compete with the likes...





CRYTO

Crypto investors ‘should be prepared to lose all their money,’ top UK regulator warns

People investing in cryptocurrencies risk losing all their money, according to the U.K.’s Financial Conduct Authority. The...

Cryptocurrency investors loss $200 billion in 24 hours as bitcoin pulls back

Bitcoin and other digital coins tanked on Monday, wiping off some $200 billion from the entire cryptocurrency market. ...

AUTO

China unveils foreign policy focus for 2021

Beijing, Jan. 2, 2021 China has unveiled her foreign policy focus for 2021, Chinese state councillor and foreign minister Wang Yi disclosed in...

China-Africa friendship emerges still stronger from COVID-19 challenge – Foreign minister

Beijing, Jan. 2, 2021 Chinese State Councilor and Foreign Minister Wang Yi said the friendship between China and Africa emerged still stronger from the...



HEALTH & WELLNESS

Eliminating malaria still requires sustained efforts – pediatrician

By Esenvosa Izah Lagos, Jan. 19, 2021 Prof. Olugbenga Mokuolu, a Professor of Pediatrics at University of Ilorin, says elimination of malaria in the...

COVID-19: Nigeria’s oxygen demand may hit 750 cylinders daily – Lagos govt

By Florence Onuegbu Lagos, Jan. 19, 2021 (NAN) The Lagos State Government has projected that before the end of January, the demand for Oxygen by...

CORONAVIRUS

Leicester City lead English Premier League after victory over Chelsea

Leicester (UK), Jan. 20, 2021 Leicester City claimed top spot in the ongoing 2020/2021 English Premier League (EPL) on Tuesday with a 2-0 win...

LeBron James leaves behind Coke for deal with Pepsi

Los Angeles, Jan. 18, 2021 LeBron James is changing teams in the cola wars. The Los Angeles Lakers superstar, a pitchman for Coca-Cola since entering...

CEO CHAT

Moderna CEO says the world will have to live with Coronavirus ‘forever’

Stephane Bancel, CEO of Covid-19 vaccine maker Moderna, warned Wednesday that the virus will be around "forever." Public health officials and infectious disease experts have...

COVID-19: Leadership, Key to Effective Distribution of Vaccines in Nigeria – Aigboje Aig-Imokhuede

As nations around the globe race to provide vaccines for citizens to combat the COVID-19 virus, leadership will be paramount in the effective distribution...

BUSINESS NEWS

POLITICS

Forum lauds Centre for strengthening democracy in Nigeria

By Awayi Kuje Akwanga (Nasarawa State) Jan. 19, 2021 Forum of State Independent Electoral Commission (FOSIECON), has lauded the European Centre for Electoral Support (ECES)...

South West PDP crisis: Stop allowing APC to use you to attack Gov. Makinde,...

By Adeyemi Adeleye Lagos, Jan. 19, 2021 Dr Adetokunbo Pearse, a Chieftain of Peoples Democratic Party (PDP) has urged former Gov. Ayodele Fayose of Ekiti...

GLOBAL ECONOMY

Gloomy outlook hits Citi shares despite quarterly profit beat

(Reuters) - Citigroup Inc reported quarterly profit that beat market expectations on Friday, but a downbeat revenue and expense outlook showed it will take...

China says its economy grew 2.3% in 2020, but consumer spending fell

China reported GDP rose 2.3% last year as the world struggled to contain the coronavirus pandemic. Gross...

DEALS

Return to God for fruitful 2021, Cleric urges Nigerians

By Jessica Onyegbula Abuja, Jan. 1, 2021 The General Overseer, All Christians Fellowship Mission (ACFM), Rev. William Okoye, on Friday, urged Nigerians to pray and...

Pope cancels 2 New Year’s masses due to sciatica

Rome, Dec. 31, 2020 Pope Francis has cancelled two masses scheduled around New Year’s Eve, due to pain in his sciatic nerve, the...

WORLD

AMSP opens COVID-19 vaccines pre-orders for AU member states

By Folasade Akpan/08059110536 Abuja, Jan. 19, 2021 The Africa Medical Supplies Platform (AMSP) on behalf of the Africa Centres for Disease Control and Prevention...

British seafood exporters protest ‘unworkable’ Brexit deal

London, Jan. 18, 2021 Dozens of trucks from British seafood companies staged a protest in London on Monday against the piles of paperwork they...

AFRICA

Tony Elumelu named in Time 100 list of most influential people in the world...

The United Bank for Africa (UBA) and Transcorp Plc Chair is one of three Nigerians on the list, alongside Tomi Adeyemi and Tunji Funsho ...

The Musk Method: Learn from partners then go it alone

By Paul Lienert, Norihiko Shirouzu, Edward Taylor (Reuters) - Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
%d bloggers like this: