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Lagos, South Africa and New York
Thursday, January 28, 2021

2021 budget: Nasarawa earmarks N35.4bn for Education

By Sunday John Lafia, Jan. 21, 2020 The Nasarawa State Government has earmarked N35. 4 billion to the education sector, representing 30 percent of the...

Ekiti battles insecurity in 2021 budget, sets aside N1.4bn for Amotekun

by Ariwodola Idowu Ado Ekiti, Jan. 17, 2021, The Ekiti Government, on Sunday said it was not taking anything to chance in 2021 addressing...

ECONOMY

Improved crude oil prices shoot Nigeria’s external reserve to 36.23bn

By Kadiri Abdulrahman Abuja, Jan. 27, 2021 The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion...

CBN disburses N554bn to 2m farmers to boost food security

By Kadiri Abdulrahman Abuja, Jan 27, 2021 The CBN says it has disbursed N554.61 billion to 2, 849,490 farmers to boost food security under its...

MADE IN NIGERIA

Zenith Bank Had Effective Tax Rate of Just 10% in Q3, 2020

Zenith Bank, one of Nigeria’s largest and most profitable bank had an effective tax rate of just 10 percent in the nine – months...

UBA Board Approves its 2020 Audited Results and Payment of Final Dividend; Awaits CBN...

Please refer to the announcement dated January 12, 2021 which notified the Nigerian Stock Exchange and the investing public of the Board Meeting of...



ENERGY

Oil & gas will still supply over 50% of world energy needs by 2045...

Abuja, Jan. 27, 2021 The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector...

Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables...

Rating agency S&P has warned 13 oil and gas companies, including the some of the world’s biggest, that it may downgrade them within weeks...

COMMODITIES



EMERGING MARKET

Local Equities Market Index Rises by 0.83% amid Sustained Bullish Activity

As NIBOR Falls for most Tenor Buckets amid Renewed Liquidity Ease... The domestic bourse sustained its northward movement as its All Share Index (ASI) advanced...

RESEARCH

Collective Investment Schemes General Rules and Regulations in Nigeria Released by SEC

The RULE on GENERAL RULES FOR COLLECTIVE INVESTMENT SCHEMES in Nigeria New Rules and Sundry Amendments as at January 21, 2021 (PDF) General Rules for Collective...

Norrenberger Nigeria Outlook 2021: Seizing the New Reality

Introduction The economic and social disruption caused by the pandemic and its adverse effects on the global economy are still very evident. The pandemic triggered...

INVESTING

World New Coverage

Nigerian tech startups raked in $120.6m from investors in 2020 – Reports

Nigerian tech startups raked in $120.6m from investors in 2020 Now the Nigerian Startup Funding Report says Intelligence by Techpoint reached out to featured...

Facebook starts rolling out Facebook News to UK users and paying publishers for content

Facebook announced it will start rolling out its Facebook News product in the U.K. on Tuesday. Facebook News is a dedicated section within the Facebook...





CRYPTO

Bitcoin heads for worst weekly loss in months

SINGAPORE - Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy...

World’s second-biggest cryptocurrency, Ether hits $1,439 on an all-time high

Ether rallied to an intraday high of $1,439 Tuesday, just shy of the $1,448 record it hit in early 2018. It comes after a blistering...

AUTO

The Big Question: Can Nigeria Be Saved?

A Q&A with John Campbell, former U.S. ambassador to Nigeria, on the existential challenges facing Africa’s biggest economy.

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...



HEALTH & WELLNESS

Global COVID-19 cases surpass 100 million as nations tackle vaccine shortages

Reuters) - Global coronavirus cases surpassed 100 million on Wednesday, according to a Reuters tally, as countries around the world struggle with new virus...

CDC Group Targets $1 Billion of African Investments in 2021

By Roxanne Henderson Funds earmarked for infrastructure, climate projects, finance U.K.’s CDC partnering with Vodafone for Ethiopia telecom bid CDC Group is planning about $1 billion in...

CORONAVIRUS

Title-holders Morocco reach 2020 CHAN quarter-finals after spanking Uganda

Douala (Cameroon), Jan. 27, 2021 Title-holders Morocco reached the quarter-finals of the 2020 African Nations Championship (CHAN) after beating Uganda 5-2 in Douala...

CHAN: Rwanda beat Togo to seal quarter-final berth

Limbe (Cameroon), Jan. 26, 2021 The Amavubi of Rwanda on Tuesday stormed into the quarter-finals of the on-going 2020 African Nations Championship (CHAN)...

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

PDP tasks new service chiefs on security

By Emmanuel Oloniruha Abuja, Jan. 26, 2021 The Peoples Democratic Party (PDP) on Tuesday, advised the new service chiefs to brace up to the challenges...

APC rallies support for new service chiefs

By Emmanuel Mogbede Abuja, Jan. 26,2021 The All Progressives Congress (APC) has urged the public to support the newly appointed Service Chiefs to perform their...

GLOBAL ECONOMY

Stop hoarding COVID-19 vaccines, South Africa’s Ramaphosa tells rich nations

By Alexander Winning JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa on Tuesday urged wealthy countries not to hoard surplus COVID-19 vaccine supplies, adding his...

DAVOS 2021: EU president unveils plans to spot and tackle future pandemics

The EU has unveiled new preparations for future pandemics, proposing a public-private scheme to spot potential diseases and manufacture vaccines at scale. European Commission president...

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

9 people die after cyclone hits Africa’s east coast

Maputo, Jan. 25, 2021 At least nine people were reported killed after tropical cyclone Eloise hit Africa’s east coast at the weekend with wind...

Mauritius to sign Protocol to African Charter on Human and People’s Rights

Port-Louis, Jan. 23, 2021 (PANA/NAN) The Mauritian government is set to sign the Protocol to the African Charter on Human and People’s Rights on...

AFRICA

Nigeria’s richest home grown entrepreneurs bullishly plough money back into Africa’s biggest economy

Home-grown entrepreneurs’ confidence contrasts with caution of overseas investors

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 ...
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