Developing economies call for global action to contain risks

Volatile capital flows, foreign exchange pressures and higher borrowing costs have buffeted emerging markets as major economies have begun rolling back the very low interest rates that have prevailed since the 2008 global financial crisis. Thus, concern over rising risks to emerging market economies were centre stage at the ongoing yearly meetings of the International […]

Investors chide judiciary for delaying market cases

Dissatisfied by the delay in adjudicating capital market-related cases, investors have stressed the need for the judiciary to give priority to such cases, and stop granting unnecessary orders to perpetrators of fraudulent activities. Stakeholders, who insisted that the issuance of interim orders to operators that violate market rules must be discouraged, also noted that unnecessary […]

Lagos new ICT Park to take N43 billion

• Concessionaire, Computer Village associations pledge collaboration The Concessionaire for the construction of new Lagos Information and Communications Technology (ICT) Park, Bridgeways Global Projects Limited, has revealed that the project would cost about N43 billion and be ready in two and half years from now. Otherwise known as Kantagowa ICT Business Park, which is to […]

Like Apple, Amazon hits $1 trillion valuation Inc. has followed Apple Inc. to become the second U.S. company to reach $1 trillion in market value, reflecting the online retailer’s striking transformation from a profitless bookseller into a disruptive force of commerce. Shares of Amazon climbed 1.9% in midday trading on Tuesday, topping the $2,050.27 needed to push the company’s value above […]

Agribusiness can stem tide of migration in Nigeria, others, says FAO

Creating decent employment opportunities for youth in Africa’s agriculture sector can significantly reduce youth migration from the continent, Food and Agriculture Organisation (FAO) Director-General José Graziano da Silva, has said. According to him, the FAO firmly believes that if youths are provided these opportunities, they will not leave the continent to look for opportunities elsewhere. […]

Blockchain tech and the traditional financial system

A blockchain is a growing list of records, called blocks, but are linked using a set of techniques for secure communications (cryptograhpy) to ward off third parties, sometimes referred to as hackers. The blockchain technology that is readable and widely used by the public is the crypto-currency version. But the assessed capability of the evolving […]

BMW profits dip on investments in e-cars

German high-end carmaker BMW on Thursday reported a dip in quarterly profits after ramping up spending on electric and self-driving cars. But the group confirmed its full-year outlook, saying its focus on future technology would help see it through “challenging times” as global trade tensions mount. The Munich-based group reported net profit of 2.1 billion […]