Nigeria: FG, States Eye N212b Revenue As Naira Heads To N400/$
THE federal, states and local governments are set to earn additional N212 billion revenue this year from the planned unification…
Month: June 2020
Nigeria’s External Reserves Down By $261m
Data published by the Central Bank of Nigeria’s (CBN’s) website showed that Nigeria’s external reserve is now $36.3 billion as…
Google, Apple, Amazon And Tesla Slam Trump’s Immigration Crackdown
Tech leaders have criticized President Donald Trump’s latest immigration crackdown on the visa programs that their companies rely on to…
Google Wants To Stop You From Reusing Passwords
“Passwords are one of the worst things on the internet,” Mark Risher, Google’s senior director for account security, identity, and…
American Airlines Expects To Raise About $2 Billion In Upsized Stock, Notes Offering
American Airlines Group Inc (AAL.O) said on Tuesday it expects to raise about $2 billion through a stock-and-notes offering in…
Novak Djokovic Tests Positive For Covid-19 Amid Adria Tour Fallout
Novak Djokovic, the men’s world No 1 tennis player, has tested positive for Covid-19, the Serbian said in a statement…
Nigeria: Jaiz Bank Shuts Down Ikeja Branch Following COVID-19 Scare
Jaiz Bank Plc, a non-interest bank that is listed on the Nigerian Stock Exchange, said its Ikeja branch has been…
Nigerian Stock Market Extends Losing Streak As Investors Lose N38bn
The nation’s stock market extended its decline on Monday as investors lost N38bn at the end of trading. The market…
Lockdown Relaxed In England As 2m Rule Eased
Pubs, restaurants, hotels and hairdressers can open from 4 July in England, when social distancing rules will be eased. Prime…
Oil Rises After Trump Assurance On China Trade Deal
Oil prices rose on Tuesday in a volatile session after U.S. President Donald Trump soothed jangled nerves over the status…
WHO Says Record Number Of Coronavirus Cases Isn’t Just Because Of More Testing
Coronavirus cases reaching record numbers globally are not just the result of more countries testing, the World Health Organization said…
Virgin Atlantic resumes Lagos-London flights August 24
Virgin Atlantic has announced its intention to resume flights from Lagos to London Heathrow from August 24, 2020 saying the…
German Economy To Shrink By 6.5% This Year Due To Coronavirus
The German economy will shrink by 6.5% this year due to the coronavirus pandemic, the government’s council of economic advisors…
Microsoft Acquires CyberX To Beef Cybersecurity
Microsoft has announced on Monday, that it’s acquiring CyberX, a cybersecurity start-up focused on internet-connected industrial equipment. Just last year, the company acquired Express…
ECOWAS Endorse Okonjo-Iweala As DG Of The World Trade Organization
The West African Regional political and economic block, the Economic Community of West African States (ECOWAS), has announced the backing…
S&P Global Affirms AfDB’s AAA Rating, Projects Stable Outlook
S&P Global. a rating agency, has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank…
Nigeria: Stocks Lose N190bn, Market Cap Falls Below N13tn
The nation’s stock market recorded a loss of N190bn last week as the market capitalisation of equities fell below the…
Coronavirus: Johnson To Announce On Tuesday If Pubs Can Reopen
Boris Johnson is expected to announce on Tuesday if the hospitality sector can reopen on 4 July, and that the…
Here’s Everything Apple Just Announced
Apple announced new software for its iPhones, iPads, Macs, Apple TV and Apple Watch on Monday. It also said future…
Scandal-Hit Firm, Wirecard Says Missing €1.9bn May Not Exist
Scandal-hit payments firm Wirecard has said the €1.9bn (£1.7bn) missing from its accounts simply may not exist. Wirecard’s chief executive…
Patagonia Joins The North Face In Facebook Ad Boycott
Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc (FB.O) and Facebook’s photo-sharing app, Instagram, making it…
Apple Launches Phone-Based Car keys, And Other New Features At Developers Conference
Apple Inc (AAPL.O) on Monday announced a system to let iPhone owners unlock and start cars with their devices at…
All 8 Ivy League Schools Will Not Require Standardized Testing For Admissions Next Year
In 1926, a Princeton University psychology professor named Carl Brigham administered an IQ test, adapted from a military recruitment exam…
Apple Unveils iOS 14, Its Latest iPhone Software, Which Now Includes Widgets
Apple’s developer conference started on Monday afternoon. It’s announcing a bunch of new software and may announce new products. Apple…
Design App Canva Doubles Valuation To $6 Billion And Plans U.S. Expansion To Rival Adobe
Canva has raised $60 million in an investment round that values the Australian design start-up at $6 billion, almost double…
Trump Promises To Announce New Visa Restrictions On Monday
President Donald Trump said on Saturday he would announce new restrictions on visas within a couple of days to block…
TikTok Users, K-pop Fans Say They Helped Sabotage Trump Rally With False Registrations
TikTok users and fans of Korean pop music took partial credit for inflating attendance expectations at a less-than-full arena at…
Google Ends Trial Of Photo Service That Picked And Printed Photos For Users
Google is ending the trial program of a service that sent users algorithm-selected prints from their Google Photos libraries, Droid…
Italy PM Says Budget Deficit Likely To Rise Further Amid Pandemic
Italy’s budget deficit, currently projected to reach 10.4% of domestic output this year, is likely to expand further as the…
Mexican Cartel Chief Threatens Government After Mother’s Detention
One of the most wanted Mexican cartel leaders threatened the government and his arch-foes in highly unusual video messages, including…