Local Nigeria Ditches Plastic ID Cards For Digital Copies August 14, 2020 Ekemini Nigeria has decided to move on from the registration and production of plastic identity cards to the more convenient digital ID Cards, according to Rauf Aregbesola, Nigeria’s minister of interior.…
Business We Work Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate August 14, 2020 Ekemini The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained…
Local Nigeria’s Demand For Fancy Wigs Fuels A Global Trade August 14, 2020 Ekemini Hair from everywhere adorns Nigerian heads. The posh prefer Peruvian YANGON “My outfit for the day determines what hair I will be wearing,” says Olayinka Titilope, a Nigerian wigmaker. She…
Local Nigeria: FG Spends N1.57trn On Debt Servicing, N1.61trn On Personnel, Pension August 14, 2020 Ekemini THE Federal Government on Thursday disclosed that it had expended N1.57 trillion on debt servicing and N1.61 trillion on personnel and pensions in the current year. The Minister of Finance,…
Local Nigeria: President Buhari’s Daughter, Hanan, Set To Wed Special Adviser To Fashola August 14, 2020 Ekemini Hanan, one of the daughters of President Muhammadu Buhari, is set to marry Mohammed Turad, a special adviser to former Lagos State governor and current Minister of Works, Babatunde Fashola.…
Local Nigeria: N10bn Withdrawal Business Day Apologises For Fake News Against Osinbajo August 14, 2020 Ekemini Business Day newspaper has apologised to Vice President Yemi Osinbajo after it discovered that it published a fake news against him in an online publication. The newspaper also said it…
Technology Walmart’s Flipkart Eyes Alcohol Delivery Foray With Indian Startup, Letters Show August 14, 2020 Ekemini Walmart’s (WMT.N) e-commerce platform Flipkart has partnered with a startup backed by spirits giant Diageo to deliver alcohol in two Indian states, according to government letters seen by Reuters, months…
World As UAE Hails Israel Accord, Silence From Saudi Arabia August 14, 2020 Ekemini As media and people in the United Arab Emirates hailed the Gulf state’s deal to normalise relations with Israel as a diplomatic victory that helps the Palestinians, silence reigned in…
Local Nigeria: Customs Resumes Online Auction August 14, 2020 Ekemini Nigeria Customs Service (NCS) has announced the resumption of electronic auction of seized vehicles that has gone through court condemnation. Spokesman for the NCS Joseph Attah who announced the resumption…
World Over 20 Countries Scramble For Russian COVID-19 Vaccine August 14, 2020 Ekemini More than 20 countries are interested in getting Russia’s COVID-19 vaccine, Russian Foreign Ministry spokesperson Maria Zakharova said. Russia maintains “the closest contact with the World Health Organization (WHO) on…
Business Treasury Yields Flat Amid Mixed Economic Data August 14, 2020 Ekemini Treasury yields held steady on Friday as investors parsed through new economic data. The yield on the benchmark 10-year Treasury note was flat at around 0.706% in early trading, while…
Local FG Assures On Repatriation Of Over 10,000 Stranded Nigerian Girls From Lebanon, Saudi, Others August 14, 2020 Ekemini Federal Government on Friday reiterated its resolve to ensure the repatriation of over 10,000 Nigerian girls who are stranded in Lebanon, Saudi Arabia, Oman, and other Middle East countries. The…
World The U.S. Has Already Invested Billions In Potential Coronavirus Vaccines. Here’s Where The Deals Stand August 14, 2020 Ekemini The U.S. has doled out billions to develop a vaccine against the coronavirus that has infected more than 5.1 million people across the country, locking in a minimum of 800…
Business China’s economic recovery underwhelms as consumer comeback stays elusive August 14, 2020 Ekemini China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory…
Business Local Nigeria: CBN Fails To Account For $11bn, Reps Kick August 14, 2020 Ekemini The House of Representatives kicked on Thursday as the Central Bank of Nigeria failed to account for the $11bn withdrawn from the Excess Crude Account for the implementation of the…
Local Nigeria Jobless Rate Climbs To Highest In At Least A Decade August 14, 2020 Ekemini Unemployment in Nigeria surged to the highest in at least a decade in the second quarter as the coronavirus pandemic made it even tougher for output growth in Africa’s largest…
Business Innovation Is Seeing A Major Inflection Point Due To The Pandemic, Early Growth Investor Finds August 14, 2020 Ekemini A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in…
Technology Retailers Launch Coalition To Fight Counterfeits On Amazons August 14, 2020 Ekemini The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp, said on Friday it has joined over a dozen trade groups to form…
Business Britons Rush Home From France To Beat New Quarantine Rules August 14, 2020 Ekemini Britons rushed to get back from summer holidays in France on Friday after their government said it would soon impose a 14-day quarantine on travellers from across the Channel due…
World Coronavirus Vaccine Developer CureVappmc Raises $213.3 Million In U.S. IPO August 14, 2020 Ekemini CureVac BV said on Friday it raised $213.3 million in its initial public offering in New York, setting the stage for the first stock market debut of a company developing…
Business Stocks Making The Biggest Moves After Hours: Lyft, Cisco, Vroom & More August 13, 2020 Ekemini Cisco shares fell more than 6% in after-hours trading despite reporting fiscal fourth-quarter profit and revenues that topped analysts’ expectations. The results, though better than what analysts polled by Refinitiv…
Local Nigeria: We May Slide Into Another Recession, Says Finance Minister August 13, 2020 Ekemini Zainab Ahmed, minister of finance, says unless Nigeria achieves a very strong third quarter 2020 economic performance, the country may slide into recession. Ahmed disclosed this at the opening of…
Business Canadian Dollar Climbs To Six-Month High As Investors Bet On ‘Inflationary Impulse’ August 13, 2020 Ekemini The Canadian dollar climbed on Wednesday to its strongest level in nearly six months against its U.S. counterpart, as the prospect of further economic stimulus bolstered the outlook of commodities…
World Mexico Supports Extending U.S.-Mexico Land Border Restrictions Another Month August 13, 2020 Ekemini Mexico has told the U.S. government that it supports extending restrictions on non-essential travel across their shared land border for an additional month, Mexican Foreign Minister Marcelo Ebrard said on…
Business Stocks Making The Biggest Moves After-Hours: Applied Materials, Baidu & More August 13, 2020 Ekemini Applied Materials — Shares of Applied Materials rose 1.2% in after-hours trading on the back of fiscal third-quarter results that beat analyst expectations. The company reported earnings per share of…
Technology NSA, FBI Expose Russian Intelligence Hacking Tool August 13, 2020 Ekemini The U.S. National Security Agency and Federal Bureau of Investigation have exposed a sophisticated Russian hacking tool, they said on Thursday in a rare public report offering new insight on…
Local Nigeria Seaports Set To Commence 24 Hours Operations August 13, 2020 Ekemini Heads of maritime agencies in Nigeria have agreed to work on modalities for a quick commencement of 24 hours operation at the ports. Director-General of the Nigerian Maritime Administration and…
World As UK Enters Recession, What Does This Mean For Nigeria August 13, 2020 Ekemini It is official, the UK economy has entered a recession for the first time in 11 years. Economic growth during the second quarter was abysmal, plunging 20.4% after a 2.2%…
Business ECB Liquidity Floods Euro Money Market And Distorts Indicators August 13, 2020 Ekemini A key euro zone interbank money-market rate is trading below the European Central Bank’s own official rate for the first time in over five months, a sign of the vast…
Local Nigeria Says Reversing U.S. Visa Ban Will Take ‘Enormous Resources’ August 13, 2020 Ekemini Overturning a U.S. ban on Nigerians seeking immigrant visas will take “enormous resources”, but the nation is making progress, President Muhammadu Buhari said on Thursday. Nigeria was among six countries…
