British Airways Calls For Vaccinated People To Travel Without Restrictions
British Airways’s new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative Covid-19 test, as he set out his ideas for a travel restart a month before the UK government finalises its plans. Holidays will not be allowed until May 17 at the earliest, the UK government […]
US Judge Removes China’s Xiaomi From Trump-Era Blacklist
A US judge on Friday ordered Chinese smartphone maker Xiaomi temporarily removed from a government blacklist barring American investment in the company. Six days before Donald Trump left office last year, his administration cemented its trade war legacy against Beijing with a series of announcements targeting Chinese firms including Xiaomi, state oil giant CNOOC, and […]
UK Exports To EU Slump In First Month Of New Brexit Trade Ties
Exports and imports from Britain to the European Union plunged during the first month of the country’s new trade relationship with the bloc, according to data published on Friday with some heavy caveats. Exports of goods to the EU, excluding non-monetary gold and other precious metals, slumped by 40.7% in January, the Office for National […]
Nigerian Payments Company Flutterwave Raises $170m, Now Valued At Over $1bn
The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Flutterwave, African-focused payments company has announced that it has closed a $170 million Series C round, valuing the company over $1 billion. According to Techcrunch, the funding round was led by […]
Nigeria: Pressure Mounts On Government To Save Oil Windfall As Price Rallies At $71
With the sustained rally of crude oil prices, there is pressure on Nigeria’s federal government to save the windfall as analysts and the organised private sector (OPS) predict a surge in revenues that will position Nigeria to attract more Foreign Portfolio Investors (FPIs). The analysts urged the federal government to ensure that the extra revenue […]
Tesla Loses Third of Its Value For The Third Time In A Year
Tesla Inc’s stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically. With investors worried about rising interest rates and dumping high-valuation stocks in recent weeks, Tesla’s market capitalization […]
Nigeria’s Central Bank Chief Lists Benefits of ‘Naira 4 Dollar Scheme’ For Diaspora Remittances
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Saturday highlighted the benefits of the newly introduced “CBN Naira 4 Dollar Scheme,” an initiative aimed at incentivising senders and recipients of international money transfers. Emefiele spoke at a webinar organised by Fidelity Bank Plc, entitled, “The New FX Policy, Implications and Positive Impact on […]
Stocks Tumble As Powell Signals Inflation Is Ahead
US stocks tumbled Thursday after Federal Reserve Chairman Jerome Powell predicted an increase in consumer prices this summer — something investors fear will force interest rates up sooner than expected. Powell, speaking at a conference Thursday, predicted strong job growth and increases in consumer prices as the vaccine rollout allows the economy to reopen fully. […]
Dangote: Nigeria To Save $2.5bn Annually From Petrochemical, Fertiliser Plants
The President of Dangote Group, Alhaji Aliko Dangote, has said that the Nigerian economy will be boosted by over $2.5 billion annually through foreign exchange savings and exports from the group’s petrochemical and fertiliser plants. The figure is a fraction of the over $9 billion estimated to be saved for Nigeria annually from the Dangote […]
Germany Manufacturing PMI Revised Slightly Higher
The IHS Markit/BME Germany Manufacturing PMI was revised slightly higher to 60.7 in February of 2021 from a preliminary reading of 60.6 and compared to 57.1 in January. It remains the highest reading since January of 2018 amid robust demand from abroad. Order book growth reaccelerated to the quickest since last October due to higher […]
