Portland Mayor Urges Restraint, Renunciation Of Violence After Fatal Shooting
Officials in Portland, Oregon, said on Sunday they were braced for an escalation of protest-related violence that has convulsed the…
Month: August 2020
Canada To Purchase 76 Million Doses Of Novavax Coronavirus Vaccine
American vaccine developer Novavax announced Monday that it’s reached an agreement in principle with Canada to supply 76 million doses…
Businesses May Not Normalise Till August 2021
Businesses and brands, hoping to return to ‘winning ways’ soon, after the devastating effects of the COVID 19 pandemic, may…
Coronavirus Cases Climb In The Midwest As More States Report Growing Outbreaks
Coronavirus cases in the Midwest are beginning to increase following warnings from top U.S. health officials that the country’s heartland…
External Reserves Reverse Negative Trend, Rises To $35.7bn
The nation’s external reserves, last week, rose (though slightly) for the first time in 12 weeks, to $35.66 billion. Data…
Stocks Making The Biggest Moves Midday: Apple, Tesla, Beyond Meat, Amazon & More
Apple — Shares rallied 3.5% as its long-awaited 4-for-1 stock split took effect. That gain made the tech giant the…
Not A Single Foreigner Invested In Nigerian Bonds In Q2
Not a single foreigner invested in Nigerian bonds in the second quarter of 2020. For the first time in more…
Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of…
Speculators Lose As Naira Sells At N460 On Black Market
Currency speculators are losing as much as N20 with the dollar trading at N460 as at 3:00pm on Monday across…
Scientists See Downsides To Top COVID-19 Vaccines From Russia, China
High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They are based on a common cold virus…
McDonald’s Slams Ex-CEO As ‘Morally Bankrupt’ After He Asks For Dismissal Of Chain’s Lawsuit Against Him
McDonald’s slammed former CEO Steve Easterbrook in a new legal filing on Monday, arguing that he should have to defend…
In Panic, Forex Speculators Prepare To Dump Dollars
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell. Forex speculators are apprehensive…
History Of Apple Stock Splits Says Investors Shouldn’t Rush In To Buy Lower-Priced Shares
Apple is having a great year, and its 4-for-1 stock split on Monday is expected to make the market’s most-valuable…
Carlyle’s David Rubenstein: ‘Still A Little Nervous’ But Market Rally Has ‘Somewhere More To Go’
Carlyle Group co-founder David Rubenstein told CNBC on Monday he is “still a little nervous” about the stock market’s robust…
Dollar Set For Worst August In Five Years
The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift…
TikTok deal to sell U.S. business could be announced as soon as Tuesday
TikTok has chosen a bidder for its U.S., New Zealand and Australian businesses, and it could announce the deal as…
U.S. Treasury Yields Fall Slightly To Start The Week
Treasury yields dipped on Monday morning as traders geared up for the last trading session of the month and looked…
CBN Authorises Payment Service Banks To Sell Forex
The Central Bank of Nigeria (CBN) has authorised Payment Service Banks (PSBs) to sell foreign currencies (forex) realised from inbound…
Second U.S. Shale Boom’s Legacy: Overpriced Deals, Unwanted Assets
Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom,…
Amazon Wins FAA Approval For Prime Air Drone Delivery Fleet
Amazon received federal approval to operate its fleet of Prime Air delivery drones, a milestone that allows it to expand…
California’s Newsom Deploys New Coronavirus Reopening Framework, Most Counties Under Strict Orders
California Gov. Gavin Newsom announced on Friday a new framework for individual counties to reopen, outlining the possibility of non-essential…
Nigeria: Interim Report On Magu False, Says Defence Counsel
Following controversy over the fate of his client, counsel to the suspended Acting Chairman of the Economic and Financial Crimes…
China Warns Czech Senate Speaker Will Pay ‘Heavy Price’ For Taiwan Visit
Czech Senate speaker Milos Vystrcil will “pay a heavy price” for making an official trip to Taiwan and China will…
Nigeria: Tinubu Congratulates Adesina On Re-election As AfDB President
The National Leader of All Progressives Congress, APC, Asiwaju Bola Amhed Tinubu, has felicitated with Nigeria’s former Minister of Agriculture,…
Snowflake CEO Frank Slootman Isn’t Worrying About Hurt Feelings As He Goes For IPO Three-Peat
In an era of founder-led tech companies, Snowflake’s Frank Slootman is a corporate throwback. Slootman, 61, is a professional CEO.…
Buffett Looks To Japan With 5% Stakes In Five Biggest Trading Firms
Berkshire Hathaway Inc (BRKa.N) has bought a 5% stake in each of Japan’s five biggest trading houses, together worth over…
Nigeria: FG Reforms Target World Bank High Ranking
The Federal Government says the Presidential Enabling Business Environment Council (PEBEC) reforms are geared towards enhancing Nigeria’s high ranking in…
Nigerians Chased Into Dubai Desert
Early last week a viral video of Nigerians allegedly chased into the desert of Dubai in the United Arab Emirates,…
Diageo Nigeria Unable To Refinance Loan On Dollar Shortage
Diageo Plc’s Nigeria unit said it’s struggling to refinance a foreign-currency loan and trim costs following a shortage of dollars…
Hurdles Await Foreign Carriers As Flight Resume Sept 5
Foreign airlines jostling for the Nigerian routes might be in for fresh hurdles as the Federal Government has raised the…