Bitcoin passes $40,000 for first time
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...
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AfDB appoints directors-general, deputy directors-general in regional offices
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,...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
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...
World Bank predicts extreme poverty and depressed economies in Africa
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...
Nneka Onyeali-Ikpe assumes office as Fidelity bank chief
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...
Nigeria’s debt increases to N32.2 trillion
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...
Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure
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...
Nigerian government borrows over N2 trillion from bond investors in 2020
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...
Lagos chamber hints of rising inflationary rate in 2021
Lagos Chamber of Commerce & Industry The Lagos Chamber of Commerce and Industry (LCCI) says inflation rate will rise in 2021. The chamber made the...
SunTrust Bank boosts SMEs with N23.96 billion loan
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...