Oladipupo Ehindero

Statistics obtained from the CBN showed that currency in circulation, which stood at N2.29tn at the end of March, rose to N2.3tn in April. The apex bank said, “Currency in circulation at end-November 2019 rose by 9.9 per cent to N2.2tn,…

Like millions of amateur investors across China, Min Hang has become infatuated with the country’s surging stock market. “There’s no way I can lose,” said the 36-year-old, who works at a technology startup and opened her first trading…

Gold prices could be set to take out their long-standing record as mounting concerns about the global economy fuel gains above $1,800 an ounce. Spot bullion extended its advance into a sixth day as the resurgence of the coronavirus in…

Banks have advised customers to remove their face masks when carrying out transactions through Automated Teller Machines to ensure that their faces are properly recognized. Findings revealed that some banks have installed face detection…

The heat on the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, a Commissioner of Police, increased wednesday as his interrogation by the Justice Ayo Salami-led presidential panel entered the third…

Amid sustained bargain-hunting, the Nigerian Stock Exchange (NSE), extended its winning streak to the second consecutive trading yesterday, as market capitalisation gained additional N94 billion. Specifically, the All Share Index (ASI)…

In June, global food commodity prices rose for the first time since the beginning of the year, driven by a rebound in vegetable oils, sugar, and dairy quotations. However, in the cereals and meat markets, most prices remained under downward…

Zimbabwe’s biggest bank plans to buy several smaller lenders in a consolidation drive to leave the troubled southern African nation with fewer, stronger institutions, according to two people with direct knowledge of the matter. CBZ…

The United Kingdom (UK) has nominated Dr. Liam Fox for the position of the Director General of the World Trade Organization (WTO). According to the timetable announced by the Chair of the General Council, David Walker, the nomination…

PepsiCo, Inc. has announced that its Board of Directors has elected Segun Agbaje, Managing Director and Chief Executive Officer of Guaranty Trust Bank Plc, as an independent member of its Board. In a statement Wednesday, PepsiCo said…

Prestige Assurance is set to raise N6, 817,898,003 through the issuance of 13,635,796,006 shares at N.50 kobo per share. The firm disclosed this at the signing ceremony of the proposed rights issue yesterday. The exercise is part of the…

China has confirmed one case of bubonic plague in northern province Inner Mongolia, according to a statement on the local health authority’s website. The patient is now under treatment at a hospital and is in a stable condition, the…

South African Airways cleared another hurdle needed to ensure the state-owned carrier’s survival when most labor groups agreed to sweetened severance packages for retrenched workers. The National Union of Metalworkers of South Africa and…

The threat of U.S. action to undermine Hong Kong’s longstanding U.S. dollar peg is highly unlikely to become reality given the practical difficulties of pursuing such a path and the damage it would do to the U.S. interests, economists say.…

Information technology guru and founder of West Blue Consulting, Ms. Valentina Mintah, has been elected to the Executive Board of the International Chamber of Commerce (ICC), at the recently held virtual 2020 World Council Meeting of the…

The continued implementation of the Capital Market Master Plan will be one of the major focuses of the new management of the Securities and Exchange Commission (SEC) led by the Director-General, Lamido Yuguda. Yuguda resumed on Monday,…

It’s a sign of South Africa’s fiscal woes: for the first time ever, the country is paying more to borrow in its local currency than Nigeria, rated four steps lower at Moody’s Investors Service. Yields on South African rand bonds have…

The N16 billion maturing Open Market Operation (OMO) bills expected to hit the financial market this week is seen to make no significant impact on the already squeezed inter-bank market liquidity. The liquidity position of the market was…

The board of Vodacom Business Africa (Nigeria) Limited has appointed Valentine Chime as the Managing Director for its operations. Chime, joins the Company from Aruwa Capital, a private equity company investing across West Africa. Prior…

House prices have fallen for the fourth month in a row for the first time since 2010, though at the same time inquiries about new mortgages have surged, according to the Halifax. Average UK house prices fell by 0.1% in June, which was…

Schools in Kenya will reopen in January and not September as planned earlier, with the number of the coronavirus infections in the country continuing to climb. “The school calendar of this year will be considered lost due to Covid-19,”…

The Organisation of Petroleum Exporting Countries (OPEC) has said that refineries in Africa can only meet half of the continent’s total daily demand for refined petroleum products, adding that their existing capacity utilisation is at 60…

The Nigerian Content Development and Monitoring Board (NCDMB) has signed two separate equity investment agreements with Duport Midstream Company for the establishment of an energy park in Egbokor, Edo State and Eraskon Nigeria Limited, for…

The Nigeria Extractive Industry and Transparency Initiative (NEITI) has called for a paradigm shift in the country’s over-dependence on revenues from crude oil sales. With oil price volatility and up to 50 per cent of government revenue…

Social media firms react to sweeping new national security legislation imposed by China ... TikTok is to withdraw from Hong Kong app stores and Zoom will stop complying with city authorities’ data requests as technology companies react…

The House of Representatives (Reps) has resolved to investigate the alleged illegal withdrawal of funds from the Nigerian Liquefied Natural Gas Limited amounting to $1.05bn by the Nigerian National Petroleum Corporation. The resolution…

Diplomatic staff given Range Rovers while ordinary people struggle amid inflation of 785%... The government of Zimbabwe has spent millions of dollars on luxury cars for senior officials despite a deepening economic collapse that has …

The Nigerian Stock Exchange (NSE) has upgraded its Issuers’ Portal (X-Issuer) to enable investors, analysts and other stakeholders evaluate data more accurately and timely. X-Issuer, which was first launched in 2013, is a secure…

When Zimbabwe suspended trading on its stock exchange last week, James Hove was left with no access to the funds he needs to conduct his business. Like many wealthy Zimbabweans, Hove invests in the local stock market. Not for the value, he…

The Office of the Accountant-General of the Federation (OAGF) on Sunday said it denied that it made N173bn payments without proper records. A non-governmental organisation, Human and Environmental Development Agenda, had stated that the…