Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him…
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates.
After Gates said he bought…
Daily Archives
February 18, 2020
US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed…
The Dallas Federal Reserve, which has the Permian basin in its economic region, expects the oil and gas sector…
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…
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…
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…
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…
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…
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…
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…
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…
Markets Wrap
The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for…
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…
AfDB to support agro-processing zones with $300m
The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones…
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…
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…
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…
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 in…
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…