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FILE PHOTO- Ingots of 99.98 and 99.97 percent pure palladium are seen at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS-Ilya Naymushin-File Photo

Palladium tops $1,500 for first time

Precious metal palladium on Wednesday reached above $1,500 per ounce for the first time in trading thanks to supply deficit worries, according to analysts.

Travel agency reduces local flight fare over election postponement

A travel agency, Travelstart Nigeria, Tuesday announced a discount of 25% on all local flights booked on its platform from 19-21 February 2019.

China central bank announces bill swaps to support banks’ perpetual issuance

PBOC’s Vice Governor, Pan Gongsheng, said on Tuesday that China would provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help boost lending in the economy.

Nine companies get three years tax holiday

The Nigerian Investment Promotion Commission (NIPC) granted approval for Pioneer Status Incentive (PSI) to nine companies with an investment of ₦277.4 billion in the fourth quarter of 2018.

ATM records N39.15trn transactions in Q4 2018

The National Bureau of Statistics (NBS) said Automated Teller Machine (ATM) from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018.

Oil slips away from 2019 highs as US supply undermines OPEC cuts

Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.

Glo felicitates with Muslims on Eid-El-Kabir

Integrated telecommunications company, Globacom, has felicitated with Nigerian Muslims on the celebration of the annual Islamic festival, Eid-El-Kabir.
The European Union (EU) said it co-funded the Abidjan-Lagos Highway Corridor to stimulate investments, strengthen competitiveness of the territories and encourage regional integration for growth and job creation.

EU: Why we co-funded Abidjan-Lagos highway corridor

The European Union (EU) said it co-funded the Abidjan-Lagos Highway Corridor to stimulate investments, strengthen competitiveness of the territories and encourage regional integration for growth and job creation.

Federal government urged to raise VAT to 7 percent

If the country is to reduce unemployment and stimulate economic growth, the federal government has been advised to take bold steps which includes raising the Value Added Tax (VAT).

Zenith Bank’s gross earnings drops to N630.34 billion in 2018

Zenith International Bank Plc on Tuesday became the first bank to announce its 2018 audited result, declaring a drop in gross earnings.

Heritage Bank unveils initiative to support start-ups

Heritage Bank Plc has launched its innovation accelerator programme tagged, “HB LAB”.
Nigerian Stock Exchange NSE

NSE All-Share Index rebounds by 0.67 per cent

The Nigerian Stock Exchange (NSE) market indices rebounded by 0.67 per cent on Tuesday after reacting to polls shift.

SEC shuts firm over illegal management fund operations

The Securities and Exchange Commission’s (SEC) recent onslaught against companies engaged in illegal fund management has claimed its second casualty – Growing Circle, a Lagos-based firm.
Marylin Amobi

Coalition seeks federal government’s action against NBET chief

A coalition of civil society groups has called on the Minister of Power, Works and Housing, Babatunde Fashola, to act on the corruption allegations against the director-general of the Nigerian Bulk Electricity Trading PLC (NBET), Marilyn Amobi, and the alleged victimisation of the whistleblowers at the agency.
euro

Germany emerges country with world’s largest current account surplus in 2018

Germany’s current account surplus shrank but remained by far the world’s largest in 2018 due to strong exports, according to data from the Ifo Institute on Tuesday that is likely to renew criticism of Chancellor Angela Merkel’s fiscal policies.
Nigerian Stock Exchange NSE

Stock investors suffer N196 billion losses amid sell-off

Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the sudden postponement of the general elections.
Nigerian Stock Exchange NSE

Election postponement: Nigeria equity market loses N196 billion in one day

The Nigerian Stock Exchange (NSE) on Monday reacted negatively to sudden election postponement, dropping by N196 billion as predicted by financial experts.

Election postponement: Aero, Arik slash fares to encourage voters

Nigerian carriers, Aero Contractors and Arik Air, have introduced promo fares to help Nigerians who wish to travel to go and vote during the 2019 General Elections.

Recent Stories

This handout photo released by SpaceX on February 21, 2019 shows a Falcon 9 launching the Nusantara Satu satellite to orbit from Space Launch Complex 40 (SLC-40), carrying Israel’s Beresheet spacecraft, at Cape Canaveral Air Force Station, Florida. – A SpaceX rocket took off from Florida’s Cape Canaveral on the night of February 21 carrying Israel’s Beresheet spacecraft, which aims to make history twice: as the first private-sector landing on the Moon, and the first from the Jewish state. The start of the flight went smoothly, with the first stage entry burn completed uneventfully less than three minutes after lift-off. The Moon landing is scheduled for seven weeks’ time, on April 11. (Photo by HO / SPACEX / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY CREDIT “AFP PHOTO / SPACEX”

NASA greenlights SpaceX crew capsule test to ISS

NASA on Friday gave SpaceX the green light to test a new crew capsule by first sending an unmanned craft with a life-sized mannequin to the International Space Station.

Cote d’Ivoire thrash D’Tigers to end perfect FIBA World Cup qualifiers record

Hosts Cote d’Ivoire ended Nigeria’s perfect record in the 2019 FIBA World Cup qualifiers on Friday in Abidjan with a 72-46 points win.

Zinedine Zidane not affected by Chelsea ban

Chelsea’s top managerial target Zinedine Zidane has reportedly not been put off replacing Maurizio Sarri, despite the Premier League club being hit by a transfer ban.
FIFA HQ

FIFA strips Peru of U-17 World Cup hosting rights

Peru will no longer host the Under-17 World Cup in October after being stripped of the tournament by FIFA on Friday over concerns about the infrastructure.

Troops respond swiftly as Boko Haram hit Maiduguri on election day

Nigerian troops under Operation Lafiya Dole responded swiftly in the early hours of Saturday when Boko Haram Terrorists hit Maiduguri, the Borno State capital.