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Day: February 18, 2020

Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him ‘underwhelming’
Technology

Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him ‘underwhelming’

Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates. After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took…

byakintundeFebruary 18, 2020
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says
World

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector to…

byEkeminiFebruary 18, 2020
Nasdaq rises, heads for record close as Apple shares cut losses
World

Nasdaq rises, heads for record close as Apple shares cut losses

The Nasdaq Composite traded slightly higher on Tuesday as gains from Netflix and Google-parent Alphabet offset a drop in Apple shares. The…

byEkeminiFebruary 18, 2020
GM, Fiat Chrysler and Toyota resume auto production in China
TechnologyWorld

GM, Fiat Chrysler and Toyota resume auto production in China

General Motors, Fiat Chrysler and Toyota Motor on Tuesday confirmed that they’ve reopened their factories or are beginning to restart production in China following…

byEkeminiFebruary 18, 2020
Nigeria’s GDP forecast for 2020 to drop – IMF
BusinessLocal

Nigeria’s GDP forecast for 2020 to drop – IMF

The International Monetary Fund (IMF) has reviewed its projected GDP for Nigeria from 2.5% to 2% in 2020. The global lender…

byEkeminiFebruary 18, 2020
CBN’s forex intervention is counter-productive – Manufacturers
Banking

CBN’s forex intervention is counter-productive – Manufacturers

The Manufacturers Association of Nigeria (MAN) has lamented over the low rate that local raw materials are utilized in the manufacturing sector.…

byEkeminiFebruary 18, 2020
Restructuring: HSBC to cut 35,000 jobs in next 3 years
BankingWorld

Restructuring: HSBC to cut 35,000 jobs in next 3 years

Banking giant, Hongkong and Shanghai Banking Corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in the next…

byEkeminiFebruary 18, 2020
Apple shares skid on worries over coronavirus impact
Technology

Apple shares skid on worries over coronavirus impact

Apple shares slumped on Wall Street Tuesday after the US tech giant warned of a bigger-than-anticipated financial hit from the…

byEkeminiFebruary 18, 2020
Inflation rises to 12.13%, highest in 22 months
Local

Inflation rises to 12.13%, highest in 22 months

The National Bureau of Statistics, on Tuesday, released the Consumer Price Index which measures inflation with the index rising from…

byEkeminiFebruary 18, 2020
Japan’s Horrific GDP Spiral Poses Major U.S. Stock Market Threat
World

Japan’s Horrific GDP Spiral Poses Major U.S. Stock Market Threat

The global economic outlook saw another dark storm-cloud brewing on Sunday evening as Japan, the world’s 3rd largest economy, reported…

byEkeminiFebruary 18, 2020February 18, 2020
Markets Wrap
FeaturesWorld

Markets Wrap

The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for the March…

byEkeminiFebruary 18, 2020April 28, 2020
HSBC misses expectations on 2019 pre-tax profit, shares down nearly 3%
World

HSBC misses expectations on 2019 pre-tax profit, shares down nearly 3%

HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European…

byakintundeFebruary 18, 2020
AfDB to support agro-processing zones with $300m
Business

AfDB to support agro-processing zones with $300m

The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with $300m.…

byEkeminiFebruary 18, 2020
Operators project another negative market as investors lose N162bn
Local

Operators project another negative market as investors lose N162bn

CAPITAL market operators  have said that the equities market will record another week of negative returns following sell-off in big capitalised…

byEkeminiFebruary 18, 2020
Keystone Bank partners NCF on tree planting campaign
Banking

Keystone Bank partners NCF on tree planting campaign

KEYSTONE Bank Limited has partnered with the Nigerian Conservation Foundation (NCF) on a tree-planting campaign in Lagos State. The trees…

byEkeminiFebruary 18, 2020
Coca-Cola Beat Earnings, but Shares Have Gone Parabolic
World

Coca-Cola Beat Earnings, but Shares Have Gone Parabolic

The Coca-Cola Company (KO) reported better-then-expected earnings before the opening bell on Jan. 30. The stock has been trading higher…

byEkeminiFebruary 18, 2020
Our tariffs up by 50% April 1 –Ikeja Disco
BusinessLocal

Our tariffs up by 50% April 1 –Ikeja Disco

Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April. The Disco disclosed this…

byEkeminiFebruary 18, 2020
Why telcos retain old SIM users’ records, by ALTON
Local

Why telcos retain old SIM users’ records, by ALTON

Telecommunication operators retain the records of former users of old SIM cards in their archives for legal reasons, the Chairman,…

byEkeminiFebruary 18, 2020

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