Business Economy: IMF & World Bank disagree on Nigeria’s growth outlook January 22, 2020 Ekemini On Monday, the International Monetary Fund (IMF) released its Global Economic Outlook where the fund announced it expects global growth to slow in 2020 to 2.9% (World Bank – 2.5%)…
Local Technology Flutterwave raises $35 million to expand operations January 22, 2020 Ekemini Nigerian payment firm, Flutterwave has disclosed its expansion plans to Francophone and northern Africa as it raises a $35 million Series B round. The deal is in partnership with payment…
Local Nigeria among top gainers as UK-Africa summit yields £6.5bn deals, £1.5bn aid January 22, 2020 Ekemini The UK-Africa investment summit which was held in London has yielded business deals of about £6.5 billion with Nigeria among the top gainers, according to the British government. In its…
World Asian stocks recover from losses sparked by the coronavirus outbreak January 22, 2020 Ekemini Stocks in Asia recovered a little ground Wednesday after a new virus originating in China drove markets into the red earlier this week and disrupted plans for the millions of…
Investing Two African fintech firms operating in Nigeria get $3.2 million grant January 21, 2020 Ekemini Again, two financial technology companies in Africa, MFS Africa, and Frontclear, have secured $3.2 million worth of investments from FSD Africa Investments. This latest round of funds means FSD Africa…
Local FG excludes tuition fees, basic food items, others from 7.5% VAT January 21, 2020 Ekemini The Federal Government (FG) has exempted about 20 basic food items and some other transactions/items from the new 7.5% Value Added Tax (VAT), as it’s set to kick off new…
World Paul Tudor Jones says this ‘crazy’ stock market run reminds him a lot of early ’99 January 21, 2020 Ekemini Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the latter stages of the bull market in 1999 that saw a giant surge that ultimately ended…
World Dow pulls back from record highs as U.S. stocks follow Asian shares lower January 21, 2020 Ekemini U.S. stocks fell modestly at the start of trade Tuesday, as investors returned from a holiday and found few reasons to take equities higher following a brisk, record-setting run-up for…
Tips Should Value Investors Buy MetLife (MET) Stock? January 21, 2020 akintunde Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors…
World Hong Kong leads Asian markets lower on credit downgrade and coronavirus fears January 21, 2020 akintunde Hong Kong stocks recorded their worst day in more than five months after renewed concerns about how the city is handling ongoing protests, and as a new virus spreads throughout…
Banking UBS cuts mid-term guidance after missing 2019 targets January 21, 2020 akintunde UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the Swiss bank UBS, -0.45% UBSG, -4.92% , one of the…
World EasyJet 1Q 2020 revenue per seat rose 8.8% January 21, 2020 akintunde Budget airline easyJet PLC on Tuesday said revenue per seat for the first quarter of fiscal 2020 rose, and that capacity growth in the first half would be slower than…
World UK employment hits new record high as Bank weighs rate cut January 21, 2020 akintunde The employment rate in the UK hit a new record high at the end of last year despite the political turmoil over Brexit, official figures show. The official employment rate…
World Hugo Boss sales, profit rose on European growth January 21, 2020 akintunde Hugo Boss AG said Tuesday that sales and operating profit rose in the fourth quarter, buoyed by growing momentum in Europe. The fashion retailer BOSS, +5.75% posted quarterly sales of…
Features World Markets Wrap January 21, 2020 akintunde European stocks dropped alongside U.S. equity futures on Tuesday, tracking broad declines across Asia amid a series of negative developments in Hong Kong and worries about a deadly virus in…
Tips 3 Stocks to Buy and Hold for the Next 50 Years January 21, 2020 akintunde Warren Buffett famously said “Our favorite holding period is forever,” and it’s good advice. Periodically reviewing your stocks is wise, but ultimately we’re looking for companies whose shares we can…
World US Stock Index Futures Decline Amid China Virus Worries January 21, 2020 akintunde U.S. stock index futures indicated a negative start after the long weekend, mirroring a sell-off in global equity markets as concerns over the spread of a SARS-like virus from central…
Business Key Levels for Amazon Stock in the First Half of 2020 January 21, 2020 akintunde Amazon.com, Inc. (AMZN) stock closed 2019 at $1,847.84 and closed Friday, Jan. 17 at $1,864.72, up just 0.9% so far in 2020. The stock is in bull market territory at…
Technology Facebook passes important notice on ‘harmful’ content January 21, 2020 akintunde Following up on the news that Facebook is hiring 1,000 more people in London, Steve Hatch, its vice-president for northern Europe, has been talking to the BBC’s Today programme. Mr…
World China Virus Outbreak Thwarts Most Bullish Stock Market in Years January 21, 2020 akintunde A virus outbreak in China is sending shockwaves through the country’s stock market, denting what had been growing enthusiasm toward shares. Consumer shares were among leading decliners in the FTSE…
World BREAKING: Asian Stocks Fall As New Virus Fears Grow January 21, 2020 akintunde Shares in Asia have fallen as worries grow about a new virus that has so far killed four people, after authorities confirmed it can spread through human contact. China’s Shanghai…
Banking GTBank Reduces “Quick Credit” Interest Rate To 1.33% Monthly January 21, 2020 akintunde Guaranty Trust Bank, Nigeria’s largest bank by market capitalization, has crashed its interest rate for its ‘quick credit’ facility from 1.75% to 1.33% per month. The bank reviewed its rate,…
Technology Electricals Business “Sparked Into Life” January 21, 2020 akintunde Commenting on the latest trading update from Dixons Carphone, Richard Lim, chief executive of Retail Economics, said: “These are solid numbers boosted by the electricals business that sparked into life.…
Technology TalkTalk sells fibre network for £200m January 21, 2020 akintunde TalkTalk has agreed the £200m sale of its FibreNation fibre network business to CityFibre, a company backed by Goldman Sachs. The sale of the business had been delayed last year…
Banking Local Customers Slam GTBank Over Several Hours Of Downtime January 21, 2020 akintunde Nigerian multinational financial institution Guaranty Trust Bank plc also known as GTBank is currently having network issues and customers have taken their frustration to social media, wondering what the problem…
World Business Leaders Demand Substantial Reasons For Brexit From UK Govt January 21, 2020 akintunde The government must urgently publish its negotiating objectives for the next stage of Brexit talks, the Institute of Directors (IoD) has said, as it warned that business needs time to…
World World Economic Forum 2020: Five Things To Look Out For January 21, 2020 akintunde Some of the world’s top business people and politicians – plus a smattering of celebrities – will gather in Davos, Switzerland, for the World Economic Forum (WEF) this week. US…
Local How CBN Can Devalue Naira By 5 – 10 % – Analysts January 21, 2020 akintunde The Central Bank of Nigeria (CBN) could devalue the Naira between 5-10% in 2020, according to analysts at EGM Hermes. Nigeria’s exchange rate between the naira and the United States…
World 70 Nigerian Companies To Participate At The Maiden UK-Africa Summit January 19, 2020 Ekemini As the maiden UK-Africa summit begins on Monday, January 20th, 2020, in London, about 70 Nigerian companies will participate at the event. The Deputy British High Commissioner to Nigeria, Lagos…
