With the commencement of the African Continental Free Trade Area (AfCFTA) agreement on January 1, 2021, analysts and stakeholders have expressed optimism of Nigerian banks readiness, saying the financial sector

South Korea’s Hyundai Motor Co said on Friday it was in early, unspecified talks with Apple after a local Korean broadcaster said the pair were discussing an electric car and

Car maker Volvo Cars said on Thursday its sales grew 6% in December, marking a continued sharp recovery from the lows earlier this year in the wake of the pandemic.

US Treasuries suffered their steepest selloff in months and the S&P 500 index made a record high after Democrat victories in two Georgia races handed them narrow control of the

Nigeria’s First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank. This followed the decision by the Chief Executive Officer, Mr.

The IHS Markit Eurozone Services PMI was revised lower to 46.4 in December 2020, down from a preliminary estimate of 47.3 and compared with November’s six-month low of 41.7. Output

General Motors Co’s vehicle sales in China fell 6.2% in 2020, as the U.S. automaker suffered a prolonged sales slowdown in the world’s biggest auto market. GM, China’s second biggest

The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday upheld its December 3, 2020 decision to increase crude oil production output by 500,000 barrels per day for  February and March,

The Chief Executive Officer of First City Monument Bank Limited (FCMB), Mr. Adam Nuru, has voluntarily chosen to proceed on leave as the bank’s board investigate the allegation of paternity

UK Chancellor of Exchequer, Rishi Sunak has announced a new £4.6 billion support package to help businesses hit by the third lockdown. It includes one-off top up grants for retail,

The IHS Markit Egypt PMI declined to 48.2 in December 2020 from 50.9 in November. The latest reading marked the first monthly contraction in the sector in four months, reflecting

The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by US President Donald Trump’s outgoing administration, in a shock

Members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies, including Russia, on Monday failed to reach an agreement on production levels for February, with talks expected to

Shareholders in Peugeot owner PSA have given the green light to the French company’s merger with Fiat Chrysler. The move is one of the last steps towards creating the world’s

The number of mortgage approvals for house purchases in the UK increased to 105,000 in November 2020, the highest level since August 2007 and well above market expectations of 82.5

The IHS Markit Eurozone Manufacturing PMI was revised lower to 55.2 in December 2020, from an initial estimate of 55.5 and compared with November’s final 53.8. The reading pointed to

China’s three biggest telcos saw their shares drop as much as 5% in Hong Kong on Monday, the first trading session since the New York Stock Exchange (NYSE) said it

The Organisation of Petroleum Exporting Countries (OPEC) has projected a daily crude oil demand increase by 5.9 million barrels per day this year, against the 2020 market figures, following the

Equities investors in the Nigerian capital market have every reason to cheer as the value of their investments, measured by the Nigerian Stock Exchange (NSE) capitalisation, went up by N8

Nigeria’s federal government, through the Department of Petroleum Resources (DPR), on Thursday announced that 161 successful companies had been shortlisted to advance to the next and final stage of the