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…
Month: August 2020
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…
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.…
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…