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Cryptocurrencies Tumble as Dollar Jumps
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Cryptocurrencies sold off on Wednesday, with the dollar rising after the Federal Reserve minutes signaled downward revisions to economic projections.
Recent dollar weakness had been...
Covid-19 Crisis Erases a Year’s Profit from Downstream Oil, Gas firms
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Downstream oil and gas companies have lost 69 percent in half year profit to the coronavirus pandemic that triggered a lockdown that reduced petrol...
Citigroup Names Samuel-Ogbu as Country Head for Nigeria
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Citigroup Inc. appointed Ireti Samuel-Ogbu as its first female Citibank Nigeria country officer, after 36 years of operating in Africa’s largest economy.
Samuel-Ogbu, who starts on...
Apple Valuation Surges Past $2 Trillion as U.S Tech Rally Blazes On
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Apple Inc, made Wall Street history on Wednesday when its 2020 stock surge pushed the market value past $2 trillion, the first time a...
LASACO Assurance Profits up 5% in H1 on FX Revaluation Gains
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LASACO Assurance Plc a composite Insurer has reported a 5 percent increase in profits for the half year (H1) period from January to June...
Elon Musk Gains $8 Billion Becomes World’s Fourth-Richest Person
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Elon Musk, the serial entrepreneur is now the world’s fourth-richest person after Tesla Inc. shares surged 11 percent on Monday, closing at a record...
Flour Mills cost Optimization Pays Off as Revenues Spike
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Flour Mills of Nigeria Plc sales growth relative to uptick in cost of production validates management success in achieving cost optimization amid the inflationary...
Investment Returns Drive Pension Assets Growth in Past 5 Years
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Growth in managed Pension assets has been increasingly driven by investment returns rather than additional contributions over the last five years, according to Agusto...
Two Veteran Investors Say Buy Bitcoin, Not Gold
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Michael Novogratz a veteran Wall Street fund manager and Dave Portnoy founder of a media empirei, said investors should buy Bitcoin not Gold n...
U.S. Seizes Four Iranian Tankers Shipping Fuel to Venezuela
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The U.S. seized four tankers transporting 1.116 million barrels of Iranian petroleum, bound for Venezuela after help from “foreign partners,” the Justice Department (DOJ) said in...