Nigeria’s Standard Organisation vows to expose adulterated lubricant dealers

Nse Anthony-UkoDecember 4, 2018

The Standards Organisation of Nigeria (SON) has stated that it would blacklist and publish the names of erring importers and manufacturers of fake and sub-standard lubricants in the country. Osita Aboloma, director general, SON disclosed that the action would also send a strong warning to unscrupulous individuals to desist from the nefarious trade in fake […]

Global markets surge on China-U.S. trade truce, dollar dips, yuan up

December 4, 2018

A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher. The rally in equities follows an agreement reached between Washington and Beijing at the G20 summit in Argentina on Saturday that […]

CRe Investment to acquire all outstanding shares of CRe Nigeria

November 27, 2018

 Afolabi Oluwaseun The board of directors of Continental Reinsurance Plc (CRe Nigeria) has announced that it has received an offer from CRe African Investment (CRe Investments), to acquire all the outstanding and issued shares of CRe Nigeria. In a bid to consolidate CRe Nigeria’s operations and repositioning it for enhanced competitiveness in the global insurance […]

Exploring the capital market window for universities’ funding

November 27, 2018

Uche Uwaleke The kernel of the current industrial action embarked upon by the Academic Staff Union of Universities is funding of public universities in Nigeria. The university teachers are not happy over the non-implementation of the Memorandum of Action (MOA) signed with the Federal Government with respect to revitalisation of public universities. Owing to increasing […]

Cryptocurrency prices soar as Coinbase explores adding five new assets

July 14, 2018

The cryptocurrency market experienced a slight bump Friday, but five altcoins managed to break away from the pack, bolstered by the announcement that cryptocurrency exchange and brokerage giant Coinbase is “exploring” adding support for them to its several platforms. Earlier Friday, the San Francisco-based Coinbase announced that it is engaging with discussions with banks and […]

Only 8.5% of bitcoin, cryptocurrency traders are female

Joel EneogweMay 14, 2018

A new demographic analysis of people trading in cryptocurrencies has shown that only very few – 8.5 percent – are female, with most having little to no previous experience. The study also showed that many of this 8.5 percent are students or working in sales and marketing roles. The research, conducted by Etoro, a social […]

CME Group ups operations with instant ethereum reference rate, price index

Businessam StaffMay 14, 2018

CME Group, a derivatives exchange operator has upped its operations with the introduction of an ethereum reference rate and a real-time ethereum-dollar index in partnership with UK-based digital asset trading service, Crypto Facilities. The group on Monday said it would make available daily benchmark price in U.S. dollars each 24 hours, as well as the […]

Vietnam’s foreign currency lending skyrockets in 8 months

Businessam StaffSeptember 19, 2017

Vietnam’s lending in foreign currencies grew 11.5 percent in the first eight months of this year, 6.7 fold higher than the same period last year. Meanwhile, lending in Vietnamese dong (VND) grew 11 percent, according to the country’s National Financial Supervision Commission on Tuesday. Local experts attributed the significant growth in foreign currency credit to […]