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Cryptocurrency Finance Tech

Bitcoin passes $40,000 for first time

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The price of leading cryptocurrency, Bitcoin, has reached a record $40,000 just hours after it sold for $38,000. The progress began in December 2020 when...
Business Canada Finance Health UK

AfDB appoints directors-general, deputy directors-general in regional offices

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The African Development Bank Group has announced the appointment of directors-general for the East, Central and Southern Africa regions and deputy general for the East,...
Business Health

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

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ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread...
African News Business News US

World Bank predicts extreme poverty and depressed economies in Africa

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The World Bank has called for rapid COVID-19 action, including a faster vaccination process, to limit the damage to global growth in 2021. In its...
Business Finance

Nneka Onyeali-Ikpe assumes office as Fidelity bank chief

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The new Managing Director/CEO of Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021, has assumed office, becoming the 4th...
Business Finance

Nigeria’s debt increases to N32.2 trillion

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Nigeria’s debt stock has risen to N32.223 trillion as at September 2020. The Debt Management Office on Thursday released the third quarter country debt data...
Business Insurance

Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure

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Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant...
Business Finance

Nigerian government borrows over N2 trillion from bond investors in 2020

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Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt...
Business Entertainment Finance

Lagos chamber hints of rising inflationary rate in 2021

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Lagos Chamber of Commerce & Industry The Lagos Chamber of Commerce and Industry (LCCI) says inflation rate will rise in 2021. The chamber made the...
Business Finance

SunTrust Bank boosts SMEs with N23.96 billion loan

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In its commitment to make the growth of the small and medium scale enterprises (SMEs) its primary focus, SunTrust Bank gave out N23.96 billion as...