Stocks Making The Biggest Moves After Hours: Lyft, Cisco, Vroom & More
Cisco shares fell more than 6% in after-hours trading despite reporting fiscal fourth-quarter profit and revenues that topped analysts’ expectations.…
Day: August 13, 2020
Nigeria: We May Slide Into Another Recession, Says Finance Minister
Zainab Ahmed, minister of finance, says unless Nigeria achieves a very strong third quarter 2020 economic performance, the country may…
Canadian Dollar Climbs To Six-Month High As Investors Bet On ‘Inflationary Impulse’
The Canadian dollar climbed on Wednesday to its strongest level in nearly six months against its U.S. counterpart, as the…
Mexico Supports Extending U.S.-Mexico Land Border Restrictions Another Month
Mexico has told the U.S. government that it supports extending restrictions on non-essential travel across their shared land border for…
Stocks Making The Biggest Moves After-Hours: Applied Materials, Baidu & More
Applied Materials — Shares of Applied Materials rose 1.2% in after-hours trading on the back of fiscal third-quarter results that…
NSA, FBI Expose Russian Intelligence Hacking Tool
The U.S. National Security Agency and Federal Bureau of Investigation have exposed a sophisticated Russian hacking tool, they said on…
Nigeria Seaports Set To Commence 24 Hours Operations
Heads of maritime agencies in Nigeria have agreed to work on modalities for a quick commencement of 24 hours operation…
As UK Enters Recession, What Does This Mean For Nigeria
It is official, the UK economy has entered a recession for the first time in 11 years. Economic growth during…
ECB Liquidity Floods Euro Money Market And Distorts Indicators
A key euro zone interbank money-market rate is trading below the European Central Bank’s own official rate for the first…
Nigeria Says Reversing U.S. Visa Ban Will Take ‘Enormous Resources’
Overturning a U.S. ban on Nigerians seeking immigrant visas will take “enormous resources”, but the nation is making progress, President…
Weekahead-Africa-Fx-Zambian, Kenyan Currencies Seen Under Pressure
LSETF Zambian and Kenyan currencies are seen facing pressure next week as those of Nigeria, Uganda and Tanzania hold steady.…
WHO Says There’s ‘No Evidence’ The Coronavirus Is Being Transmitted By Food
The World Health Organization said Thursday there is “no evidence” the coronavirus is being transmitted through food. Researchers in China…
Nigeria’s Exchange Rate To Be Devalued To N550/$1, As Investors Ignore Cheap Equities
A leading global investment banking firm, Goldman Sachs Group, this week, announced that a significant devaluation of the naira is…
Nigerian Government Announces Feasibility Study Towards The Construction Of A Dry Dock
The Nigerian government has announced the commencement of the feasibility study for the construction of a shipyard in Brass Island,…
U.S. Federal Contract Ban Takes Effect For Companies Using Products From Huawei, O0thers
New regulations took effect on Thursday barring the U.S. government from buying goods or services from any company that uses…
In China, Fears Of Financial Iron Curtain As U.S. Tensions Rise
A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that…
U.S. Hits Fiscal Cliff With Jobs, Economic Recovery In The Balance
The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs…
Dwayne Johnson Crowned Forbes Highest Paid Actor Of 2020
Dwayne Johnson, an American-Canadian movie star better known by his ring name The Rock, has topped Forbes’ annual list of…
Sterling Strengthens Due To Weaker Dollar, Shrugging Off GDP Slump
Sterling rose against the dollar on Thursday, driven by dollar weakness as traders shrugged off Wednesday’s dismal GDP data but…
Most Expensive Car Ever Sold Online Could Fetch More Than $4 million
A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that…
Nigeria: Take Advantage Of N75bn Youth Investment Fund – Buhari
President Muhammadu Buhari in celebration of the International Youth Day, urged Nigerian youths to take advantage of the N75billion investment…
Accuracy Of U.S. Coronavirus Data Thrown Into Question As Decline In Testing Skews Drop In New Cases
For the first time in months, the daily growth of new coronavirus cases in the U.S. has steadily fallen over…
Nigerian Stocks Rise To 8-Week As Oil Prices Gain
Nigerian stocks climbed to an eight-week high on Wednesday lifted by gains in shares of energy companies after global oil…
GM Facility To Continue Building Ventilators After Completing $489.4 Million Government Contract
A former General Motors auto facility in Indiana will continue building critical-care ventilators following the expected completion of a $489.4…
Nigeria: Unilag Crisis Deepens As Council Appoints New Acting VC
Following the removal of Prof Oluwatoyin Ogundipe as vice-chancellor, University of Lagos (UNILAG), the governing council has appointed Prof Omololu…
OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 On Virus Fallout
World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts…
Nigeria Customs Arrests Two Lebanese With $890,000 At Port Harcourt Airport
The suspects were on Wednesday handed over to the Zonal office of the Economic and Financial Crimes Commission for investigation.…
Depression-Like Collapse Is Sparking A Wartime-Type Boom, Market Bull Jim Paulsen Predicts
Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting…
Uber CEO Says Its Service Will Probably Shut Down Temporarily In California If It’s Forced To Classify Drivers As Employees
Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it…
FG Mobilises Flights To Evacuate Nigerians From UAE
The Federal Government, yesterday, said three aircraft had been deployed to evacuate Nigerians from Dubai, United Arabs Emirate (UAE) before…