New facts have emerged on how Access Bank clandestinely granted N1 billion loan to a going concern, DDSS International Company limited, using a property belonging to another company, MOB Integrated Services, run by Gbolahan Obanikoro, as collateral without the owner’s consent or knowledge. Details of the loan provided by insiders, revealed that the property, owned
With the current National Monetisation Pipeline (NMP) programme ending in March this year, the Centre may announce its next phase with annual asset monetisation goals of Rs 2 lakh crore for the next 4-5 years, to mobilise capital for investments and re-investments. The government had set an ambitious Rs 6 trillion asset recycling target under
CHANCELLOR Rachel Reeves’s Budget will create short-term economic growth at the cost of higher inflation and lower wages, researchers say. An increase in government spending will see growth shoot up to 1.3 per cent in 2025 before falling slightly to 1.2 per cent in 2026, said a think tank report published today. The boost, however, may only
An aerial drone photo taken on Feb. 2, 2024 shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in north China’s Tianjin. (Xinhua/Zhao Zishuo) BEIJING, March 18 (Xinhua) — China’s fixed-asset investment went up 4.2 percent year on year in the first two months of this year, 1.2 percentage points higher
Here are five key things investors need to know to start the trading day: 1. Dow highs The Dow Jones Industrial Average hit a new intraday record and closed at a record high on Monday. The 30-stock index closed up 65.44 points, or 0.16%, after rallying more than 200 points earlier in the day. The S&P 500 and the Nasdaq
Representatives from Central Coast Community Energy (3CE) will be available to answer questions about available rebates for replacement projects with all-electric agricultural equipment under the Ag Electrification Program. Information provided by APCD invites community members to experience multiple types of electric equipment eligible to receive funding under the APCD’s Clean Air Grants for Off-Road Equipment
Photo: shironosov (Getty Images) In This Story The stock market has maintained a bullish trend for some time, rebounding from earlier losses experienced at the beginning of the month. This upward momentum is largely driven by strong economic data, which has bolstered investor confidence in potential interest rate cuts and favorable macroeconomic policies. How will
A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity to date. Here’s what you need to know. What is the price of gold today? The spot
Gold prices are holding near record highs, moving in a tight range as market participants stay cautious ahead of the FOMC minutes released later today. The latter are expected to offer clues about the Federal Reserve’s policies outlook. Traders are also waiting for Fed Chair Powell’s speech at the Jackson Hole Symposium this Friday, which
Crude oil futures continue to point lower due to persistent weak demand from China. In July, China’s crude oil imports from Russia fell by 7.4% year-on-year, driven by sluggish domestic fuel demand and slower economic growth. This marked the lowest level since September 2022, as the ongoing property crisis weighs on the Chinese economy. In