Business126 Videos

‘Why bill to criminalise estimated billing may not work’

Some stakeholders in the power sector, yesterday, expressed serious worry over a bill at the National Assembly aiming to criminalise estimated billing of electricity consumers by distribution companies, stressing that the proposed law will not work. The industry players, who insisted that the bill was not the right way to go, stated that the sector […]

British Steel to be rescued by Chinese firm in £70m deal

British Steel is set to announce a rescue deal with China’s Jingye Group, which could safeguard up to 4,000 jobs in the UK. Jingye Group has agreed in principle to buy British Steel for £70m. It is understood that the government will help in the form of loan guarantees and other financial support. British Steel […]

Weighting reasons, gains of border closure

No nation across the world has left its borders open for inflow of goods and services. Even in the so-called free economy, mostly practiced in theories and textbooks, there is always a record of inflow and outflow. This means that the goods and services must follow the proper channel within the bounds of a sovereignty. […]

Alibaba sets eyes on $15 bn Hong Kong listing

Chinese online retail titan Alibaba is hoping to raise up to $15 billion in a Hong Kong IPO, a report said Friday, which would be the city’s biggest listing for nine years. The share sale by Asia’s biggest company would also come as Hong Kong authorities battle months of sometimes violent protests that have dented […]

Experts want monitoring of debtors over rising NPL

The rise in bank’s Non-Performing Loan (NPL) ratio due to huge exposure to some sectors, has become a source of worry to financial experts, as they urge financial institutions to adopt proactive risk management measure. For them, a system whereby the behavior of the borrower is monitored closely to ascertain changes that are likely to […]

Nigeria moves 15 spots up on Ease of Doing Business Index

Nigeria has moved up by 15 places to 131 on the World Bank’s Ease of Doing Business ranking. Africa’s most populous country was ranked 146th in the previous year. The report is an annual publication that measures business regulations across 190 countries. In its latest study, World Bank ranked Nigeria in the top 10 economies […]

Pound flat as Johnson’s Brexit bid fails

The pound clawed back earlier losses Wednesday in Asia after Boris Johnson’s failure to push through his Brexit deal fuelled fresh uncertainty, while regional equities ticked lower as investors took a step back after recent gains. With everything quiet on the China-US trade talks, attention was on Westminster where Britain’s prime minister finally got MPs […]

South Africa’s rand flat against a subdued dollar

South Africa’s rand was flat against the dollar on Monday, holding around the gains made in the previous session. The rand stood at 14.770 versus the greenback by 0639 GMT, at par with Friday’s overnight close in New York. “There are no significant data releases today and the rand is holding firm, well below the […]