Business Tesla Stock Ends At record, As Company’s Valuation Tops $200 Billion June 30, 2020 Ekemini Tesla Inc. TSLA, +6.98% shares ended at a record $1,079.81 on Tuesday, sending the Silicon Valley car maker’s market cap above $200 billion for the first time. That valuation puts…
Business Here Are The Major Brands That Have Pulled Ads From Facebook June 30, 2020 Ekemini Since an advertising boycott of Facebook Inc. was organized in mid-June, a veritable Who’s Who of major brands have either added their names to the #StopHateForProfit campaign or otherwise pulled…
Business Nigerian Fintech Startups May Soon Need Regulatory Approval To Launch New Products June 30, 2020 Ekemini The Central Bank of Nigeria (CBN) has released a new framework for regulatory sandbox operations in Nigeria which seeks to provide regulatory oversight for fintech innovation. The sandbox is a…
Local Don’t Introduce New Tax Reforms, IMF Urges Nigeria June 30, 2020 Ekemini The International Monetary Fund (IMF) yesterday advised Nigeria against implementing new tax measures at this time in order not to exacerbate the adverse impacts of the COVID-19 on the economy.…
World Nigeria, Others Face $44bn Financing Gaps Despite Hefty Loans June 30, 2020 Ekemini Still struggling to deal with the impact of COVID-19 on their economies, the International Monetary Fund (IMF) has said Nigeria and other countries in the Sub-Saharan Africa (SSA) region would…
Local Nigeria’s Corporate Affairs Commission To Issue Incorporation Certificates With Tax Numbers June 30, 2020 Ekemini Certificates of incorporation of companies registered under Part A of the Companies and Allied Matters Act will now be issued with Tax Identification Numbers. According to the Corporate Affairs Commission,…
Africa Shops Of Nigerians In Ghana Will Remain Shut Until They Obey Rules—Ghana Trade Union June 30, 2020 Ekemini e Ghana Union of Traders Association (GUTA) has reacted to claims made by some Nigerian traders who protested at the Nigerian High Commission’s residence in Accra a week ago over…
World Biden To Donors: I’ll Remove Bulk Of Trump Tax Cuts June 30, 2020 Ekemini Presumptive Democratic nominee Joe Biden told potential donors to his campaign that his administration would end most of President Donald Trump’s multitrillion-dollar tax cuts – even though “a lot of…
World Facebook Removes A Network Of Accounts Linked To The Violent ‘Boogaloo’ Movement June 30, 2020 Ekemini Facebook has removed a network of anti-government accounts associated with the fringe “boogaloo” movement after designating the group as a dangerous organization, the company said. The network, which represents a…
World Judge Temporarily Halts Release Of Tell-All Book By Donald Trump’s Niece June 30, 2020 Ekemini A New York judge on Tuesday temporarily blocked Donald Trump’s niece from publishing a tell-all book that offers an unflattering portrait of the U.S. president and his family. Justice Hal…
World Nearly Half The U.S. Population Is Without A Job June 30, 2020 Ekemini Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus. The employment-population…
Africa Tips Sending Money Within Africa: Here Are Reliable Platforms To Use June 30, 2020 Ekemini Although electronic mode of payments is becoming increasingly popular in sub-Saharan Africa, sending money across African countries is still quite challenging. One factor that has contributed to the slow growth…
Business Kweichow Moutai, An ‘Elite’ Alcohol Brand Becomes China’s Most Valuable Company June 30, 2020 Ekemini A drinks maker has become China’s most valuable publicly-listed company, overtaking the country’s biggest bank. Kweichow Moutai is a luxury spirit favoured by Chinese politicians and businesspeople looking to impress.…
Technology Facebook Agrees To Audit Its Hate Speech Controls June 30, 2020 Ekemini Facebook Inc (FB.O) said on Monday it would submit itself to an audit of how it controls hate speech in a bid to appease a growing advertising boycott of the…
World India Bans TikTok As Tensions With China Escalate June 30, 2020 Ekemini India is banning TikTok and several other well-known Chinese apps, saying they pose a “threat to sovereignty and integrity,” in the latest indication of escalating tensions between the two countries.…
Features World Saudi Prince Calls OPEC, Laggard and Nigeria Amid Push For Oil Cuts June 30, 2020 Ekemini Prince Mohammed and Nigerian president spoke on Monday: SPA Nigeria submitted plan to fully implement OPEC deal last week Saudi Arabia, de facto leader of the OPEC cartel, held a…
Technology Google Photos Will No Longer Backup Social Media Folders By Default June 30, 2020 Ekemini Google Photos will no longer backup images and videos saved from folders created and managed by social media apps by default (via Android Police). Previously, Google’s photo backup platform would…
Business EasyJet Plans To Close Bases And Cut Staff June 30, 2020 Ekemini EasyJet has announced that it has begun consultations on plans to close bases at Stansted, Southend and Newcastle. It follows an announcement by the airline that it may need to…
World Coronavirus: UK Economy Hit By Worst Contraction In 41 Years June 30, 2020 Ekemini The UK economy shrank more than first thought between January and March, contracting 2.2% in the joint largest fall since 1979, official figures show. The Office for National Statistics (ONS)…
Africa Killing Of Ethiopian Singer Sparks Protests In Capital City June 30, 2020 Ekemini Youths enraged by the killing of a popular protest singer burned tyres during demonstrations in Ethiopia’s capital on Tuesday, in a display of anger from the prime minister’s own Oromo…
Africa Features Wealthy Africans Shopping For Foreign Passports June 30, 2020 Ekemini A Nigerian passport, says Karo Agono, a Nigerian businessman, raises all sorts of “red flags”. For 15 years international deals made by his finance and property business were held up…
World Iran Issues Arrest Warrant For Trump June 30, 2020 Ekemini Iran has issued an arrest warrant and asked Interpol for help in detaining US President Donald Trump and dozens of others it believes carried out the drone strike that killed…
World Trump Was Briefed On Russian Bounties Earlier Than Thought, Reports Say June 30, 2020 Ekemini President Donald Trump and the White House knew earlier than was previously reported about alleged Russian bounties offered to Afghan militants to kill American service members, according to new reports…
World Canada GDP Likely To Rise 3% In May On Gradual Reopening June 30, 2020 Ekemini Canada’s real GDP is likely to grow 3% in May, bouncing back from a record decline in April, Statistics Canada said in a flash estimate on Friday, as businesses across…
Technology Apple Might Not Include A Charger With The iPhone 12 June 30, 2020 Ekemini Over the weekend, lots of sites reported that Apple analyst Ming-chi Kuo is claiming that the iPhones due to be released later this year won’t have chargers or EarPods in…
World Google Prevents Media Companies From Chipping Away At Its Data Dominance June 30, 2020 Ekemini Alphabet Inc’s (GOOGL.O) Google upended plans by European media companies to block it from harvesting data about their readers and slash some of its dominance in online advertising, seven people…
Breaking World Global COVID-19 Prevention Trial Of Hydroxychloroquine To Resume June 30, 2020 Ekemini A global trial designed to test whether the anti-malaria drugs hydroxychloroquine and chloroquine can prevent infection with COVID-19 is to restart after being approved by British regulators.
Local Fitch Says Nigerian Banks Have A Risk Indicator Of 12.14. Here’s Why June 30, 2020 Ekemini A new report by Fitch Solutions titled “Nigeria: Banking & Financial Services Report Q3 2020” has revealed that the Banking Industry Risk Indicator (BIRI) in Nigeria stands at a score…
Business Amazon’s Brand Value Tops $400 Billion June 30, 2020 Ekemini Amazon has maintained its position as the world’s most valuable brand, increasing its worth by almost a third to $415.9 billion compared to last year, according to a ranking by…
Local Naira gains Against The Dollar At I&E Window, Forex Liquidity Up By 242% June 30, 2020 Ekemini Forex turnover at the Investor and Exporters (I&E) window recorded a huge increase on Monday, June 29, 2020, as it rose by 242%, a significant increase from what was recorded on Friday, June 26, 2020, in…
