Turkish Lira Up Ahead Of Erdogan’s Expected Gas-Find Unveiling
The lira, which hit a record low of 7.4 against the U.S. dollar this week, began rising along with energy…
Day: August 21, 2020
Changing The Dynamics Of Eastern Ports
Last week, Onne Port in Rivers State made history when it received the biggest container vessel to ever visit the…
Sterling Touches One-And-A-Half-Month High Versus Euro After Strong Data
The British pound rose to a 1-1/2-month high on Friday versus the euro and inched towards an eight-month high against…
208 Nigerians Return In Last Evacuation Flight From U.S
Two hundred and eight Nigerian citizens departed New Jersey for home on Thursday night in the ninth evacuation flight from…
Report Finds $50 Billion Of Cryptocurrency Moved Out Of China Hinting At Capital Flight Against Beijing Rules
Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year,…
Banks Ration Forex As Dollar Scarcity Bites Harder
BANKS and businesses are the worse hit by the continued dollar scarcity in the economy, analysts have said. Nigeria is…
The Euro’s Strength Against The Dollar Might Become Contagious
The euro is becoming the go-to currency for safety and liquidity as we approach the U.S. presidential elections and investors…
Nigeria: Ondo Receives Outline Business Case On Deep Seaport
The Ondo State Government has taken a major step towards actualising the dream of establishing a seaport in the state…
Over 400% Surcharge Increase By Shipping Firms Hurts Nigerian Economy’
The Federal Government has taken a bold step to protest indiscriminate charges by multinational shipping firms, who have continued to…
Foreign Investors Shun South-South As Oil ‘Runs Dry’
Its rich oil and gas resources notwithstanding, foreign direct investment in the South-South has been at a low ebb, for…
Int’l Flight Resumption – Nigeria To Apply Principle Of Reciprocity
As Nigeria prepares to resume international flights, the Minister of Aviation, Hadi Sirika has revealed that the country will apply…
U.S. Existing Home Sales Shoot To Near 14-Year high In July
U.S. home sales rose at a record pace for a second straight month in July and home prices hit a…
Movie Theaters Reopen This Weekend, But It’s Unclear If Audiences Will Return
On Friday, AMC, Regal, Cinemark and Marcus Corp and other major theater chains reopened their doors to the public after…
Struggling Retailers Rush To File For Bankruptcy As Fears Of A Second Wave Of Coronavirus Linger
Over a two-week span in early July, seven retailers, including The Paper Store, Brooks Brothers and Lucky Brand, filed for…
China Tesla Rival Nio Is Up 240% This Year And The Company Is Revamping Plans To Go Global
BEIJING — Once on the brink of bankruptcy, one of China’s largest electric car makers is pressing ahead with plans…
5 Things To Know Before The Stock Market Opens Friday
1. Wall Street under pressure heading into Friday trading U.S. stock futures dropped Friday morning, one day after Wall Street…
As Airbnb Files To Go Public, Traders Break Down Where Expedia, Booking Are Headed
Airbnb has made it official. The company announced this week it has filed to go public after submitting a draft…
U.S. Business Activity Surges To Early 2019 Levels: Markit Flash PMI
U.S. business activity snapped back to the highest since early 2019 this month as companies in both the manufacturing and…
Want To Travel Overseas? This Website Shows Where You’re Allowed To Go During The Pandemic
Travel planning has changed — and not in a good way. In addition to booking a flight and hotel, travelers…
Iron Ore Prices Have Hit Multi-Year Highs As Demand Soars On Infrastructure Investment
Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of…
Nigeria: LASRERA Seeks Synergy With LASAA, CID YABA
The Lagos State Real Estate Regulatory Authority (LASRERA) has solicited for a seamless working relationship with the Lagos State Signage…