Bond Buyers Stranded in Nigeria Face Prospect of 100% Loss
Foreign investors tempted into buying Nigerian debt paying interest of 13% a year ago are unable to move their cash…
Day: August 14, 2020
$70 Oil Price Required To Sustain Budget
The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per…
Elite Thai Visa Program Aims to Lure Expats Seeking Virus Haven
Thailand’s “pay to stay” visa program for wealthy foreigners is seeing an expansion opportunity, with visions of the country becoming…
Scare As Africa Number Of Coronavirus Cases Exceed 1 Million
There is panic across the continent as the number of confirmed coronavirus cases in Africa has exceeded 1 million with…
New York Gov. Cuomo Says Museums, Bowling Alleys To Reopen In NYC, And Gyms May Be Next
New York Gov. Andrew Cuomo said on Friday that the state will allow museums, aquariums and other cultural centers in…
Nigeria: Unilag VC Crisis SSANU Disowns Branch Chair For Protest Against VC’s Removal
Senior Staff Association of Nigeria Universities, SSANU, has dissociated itself from the solidarity protest by the acting Chairman of the…
Nigeria: Buhari Inaugurates Enugu Airport August 30
The President, Major General Muhammadu Buhari (retd.), will inaugurate the Akanu Ibiam International Airport, Enugu on August 30, 2020, the…
Nigeria Ditches Plastic ID Cards For Digital Copies
Nigeria has decided to move on from the registration and production of plastic identity cards to the more convenient digital…
We Work Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate
The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost…
Nigeria’s Demand For Fancy Wigs Fuels A Global Trade
Hair from everywhere adorns Nigerian heads. The posh prefer Peruvian YANGON “My outfit for the day determines what hair I…
Nigeria: FG Spends N1.57trn On Debt Servicing, N1.61trn On Personnel, Pension
THE Federal Government on Thursday disclosed that it had expended N1.57 trillion on debt servicing and N1.61 trillion on personnel…
Nigeria: President Buhari’s Daughter, Hanan, Set To Wed Special Adviser To Fashola
Hanan, one of the daughters of President Muhammadu Buhari, is set to marry Mohammed Turad, a special adviser to former…
Nigeria: N10bn Withdrawal Business Day Apologises For Fake News Against Osinbajo
Business Day newspaper has apologised to Vice President Yemi Osinbajo after it discovered that it published a fake news against…
Walmart’s Flipkart Eyes Alcohol Delivery Foray With Indian Startup, Letters Show
Walmart’s (WMT.N) e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two…
As UAE Hails Israel Accord, Silence From Saudi Arabia
As media and people in the United Arab Emirates hailed the Gulf state’s deal to normalise relations with Israel as…
Nigeria: Customs Resumes Online Auction
Nigeria Customs Service (NCS) has announced the resumption of electronic auction of seized vehicles that has gone through court condemnation.…
Over 20 Countries Scramble For Russian COVID-19 Vaccine
More than 20 countries are interested in getting Russia’s COVID-19 vaccine, Russian Foreign Ministry spokesperson Maria Zakharova said. Russia maintains…
Treasury Yields Flat Amid Mixed Economic Data
Treasury yields held steady on Friday as investors parsed through new economic data. The yield on the benchmark 10-year Treasury…
FG Assures On Repatriation Of Over 10,000 Stranded Nigerian Girls From Lebanon, Saudi, Others
Federal Government on Friday reiterated its resolve to ensure the repatriation of over 10,000 Nigerian girls who are stranded in…
The U.S. Has Already Invested Billions In Potential Coronavirus Vaccines. Here’s Where The Deals Stand
The U.S. has doled out billions to develop a vaccine against the coronavirus that has infected more than 5.1 million…
China’s economic recovery underwhelms as consumer comeback stays elusive
China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed…
Nigeria: CBN Fails To Account For $11bn, Reps Kick
The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn…
Nigeria Jobless Rate Climbs To Highest In At Least A Decade
Unemployment in Nigeria surged to the highest in at least a decade in the second quarter as the coronavirus pandemic…
Innovation Is Seeing A Major Inflection Point Due To The Pandemic, Early Growth Investor Finds
A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors…
Retailers Launch Coalition To Fight Counterfeits On Amazons
The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp, said on Friday…
Britons Rush Home From France To Beat New Quarantine Rules
Britons rushed to get back from summer holidays in France on Friday after their government said it would soon impose…
Coronavirus Vaccine Developer CureVappmc Raises $213.3 Million In U.S. IPO
CureVac BV said on Friday it raised $213.3 million in its initial public offering in New York, setting the stage…