Investors

Ekiti State Governor, Kayode Fayemi, has commissioned a N5 billion snail farm in the state.

Alibaba Group founder Jack Ma made his first appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from public life and sending shares in the e-commerce giant surging.

U.S. President Donald Trump said on Wednesday he had given a full pardon to a former Google engineer sentenced for stealing a trade secret on self-driving cars months before he briefly headed Uber Technologies Inc’s rival unit.

President Donald Trump, who has repeatedly used his clemency authority as a political tool rather than an act of mercy, issued a final wave of pardons and commutations on his last night in office, delivering relief for a mix of beneficiaries that included former strategist Stephen Bannon, Republican Party and Trump fundraiser Elliott Broidy, and former Detroit Mayor Kwame Kilpatrick, found guilty in 2013 of corruption charges.

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.

According to him, the NSE engaged with the federal government to secure an ”essential service status” for the market as part of its Covid-19 response as well as engaged with the Federal Ministry of Finance, Budget and National Planning to achieve specific capital market incentives in the 2019 and 2020 Finance Acts.

The Federal Government dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion.

An economist, Ms Razia Khan, also Managing Director/Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.

The dollar dropped on Tuesday as investors prepared for U.S. Treasury Secretary nominee Janet Yellen to talk up the need for major fiscal stimulus and commit to a market-determined exchange rate when she testifies later in the day.

Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.

Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially at this time of unprecedented economic hardship.

Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021.

Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy.

The United Nations and Western nations told Russia to immediately free the opposition politician and some countries called for new sanctions. Moscow told them to mind their own business.

Janet Yellen, President-elect Joe Biden’s pick to take over the U.S. Treasury, is expected to affirm the United States’ commitment to market-set currency rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported.

The Ekiti Government, on Sunday said it would leave no stone unturned in 2021 to improve the security situation in the state, stating that the sum of N1.4billion has been set aside in the 2021 Appropriation for the State Security Network codenamed Amotekun Corps.

Nigeria’s leading political economist and Co-convener, National Consultative Forum, Prof. Pat Utomi at the weekend rejected a claim by the President Muhammadu Buhari administration that Nigeria is better than it met it more than five years ago.