Business Weekahead-Africa-Fx-Zambian, Kenyan Currencies Seen Under Pressure August 13, 2020 Ekemini LSETF Zambian and Kenyan currencies are seen facing pressure next week as those of Nigeria, Uganda and Tanzania hold steady. ZAMBIA The kwacha is expected to remain under pressure against…
World WHO Says There’s ‘No Evidence’ The Coronavirus Is Being Transmitted By Food August 13, 2020 Ekemini The World Health Organization said Thursday there is “no evidence” the coronavirus is being transmitted through food. Researchers in China are studying the issue, and the international agency is tracking…
Business Nigeria’s Exchange Rate To Be Devalued To N550/$1, As Investors Ignore Cheap Equities August 13, 2020 Ekemini A leading global investment banking firm, Goldman Sachs Group, this week, announced that a significant devaluation of the naira is expected within the next 12 to 18 months. This is…
Local Nigerian Government Announces Feasibility Study Towards The Construction Of A Dry Dock August 13, 2020 Ekemini The Nigerian government has announced the commencement of the feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, in the Niger Delta region to maintain and…
Technology U.S. Federal Contract Ban Takes Effect For Companies Using Products From Huawei, O0thers August 13, 2020 Ekemini New regulations took effect on Thursday barring the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei Technologies, Hikvision and…
Business In China, Fears Of Financial Iron Curtain As U.S. Tensions Rise August 13, 2020 Ekemini A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global…
Business U.S. Hits Fiscal Cliff With Jobs, Economic Recovery In The Balance August 13, 2020 Ekemini The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may…
Features Dwayne Johnson Crowned Forbes Highest Paid Actor Of 2020 August 13, 2020 Ekemini Dwayne Johnson, an American-Canadian movie star better known by his ring name The Rock, has topped Forbes’ annual list of highest-paid Hollywood actors for the second year in a row.…
Business Sterling Strengthens Due To Weaker Dollar, Shrugging Off GDP Slump August 13, 2020 Ekemini Sterling rose against the dollar on Thursday, driven by dollar weakness as traders shrugged off Wednesday’s dismal GDP data but remained cautious about the longer-term economic outlook for Britain. FILE…
Business Most Expensive Car Ever Sold Online Could Fetch More Than $4 million August 13, 2020 Ekemini A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that it could sell for more than $4 million. The sale…
Local Nigeria: Take Advantage Of N75bn Youth Investment Fund – Buhari August 13, 2020 Ekemini President Muhammadu Buhari in celebration of the International Youth Day, urged Nigerian youths to take advantage of the N75billion investment fund. This was disclosed on his official Twitter page @MBuhari.…
World Accuracy Of U.S. Coronavirus Data Thrown Into Question As Decline In Testing Skews Drop In New Cases August 13, 2020 Ekemini For the first time in months, the daily growth of new coronavirus cases in the U.S. has steadily fallen over the past two weeks, giving some hope to U.S. officials…
Business Local Nigerian Stocks Rise To 8-Week As Oil Prices Gain August 13, 2020 Ekemini Nigerian stocks climbed to an eight-week high on Wednesday lifted by gains in shares of energy companies after global oil prices rallied. Recovering after two days of losses, the main…
World GM Facility To Continue Building Ventilators After Completing $489.4 Million Government Contract August 13, 2020 Ekemini A former General Motors auto facility in Indiana will continue building critical-care ventilators following the expected completion of a $489.4 million government contract this month for 30,000 of the devices…
Local Nigeria: Unilag Crisis Deepens As Council Appoints New Acting VC August 13, 2020 Ekemini Following the removal of Prof Oluwatoyin Ogundipe as vice-chancellor, University of Lagos (UNILAG), the governing council has appointed Prof Omololu Soyombo as acting vice-chancellor. A statement on Wednesday by the…
Business OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 On Virus Fallout August 13, 2020 Ekemini World oil demand will fall more steeply in 2020 than previously forecast due to the coronavirus and there are doubts about next year’s recovery, OPEC forecast on Wednesday, potentially making…
Breaking Local Nigeria Customs Arrests Two Lebanese With $890,000 At Port Harcourt Airport August 13, 2020 Ekemini The suspects were on Wednesday handed over to the Zonal office of the Economic and Financial Crimes Commission for investigation. The Nigeria Customs Service has arrested two Lebanese, Dina Jihad…
Business Depression-Like Collapse Is Sparking A Wartime-Type Boom, Market Bull Jim Paulsen Predicts August 13, 2020 Ekemini Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. “It forced companies to…
Technology Uber CEO Says Its Service Will Probably Shut Down Temporarily In California If It’s Forced To Classify Drivers As Employees August 13, 2020 Ekemini Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi…
Local FG Mobilises Flights To Evacuate Nigerians From UAE August 13, 2020 Ekemini The Federal Government, yesterday, said three aircraft had been deployed to evacuate Nigerians from Dubai, United Arabs Emirate (UAE) before the window closes this month-end. Chairman, Nigerians in Diaspora Commission…
World Russia Says Vaccine Could Be In Use By November And Has Been Developed Over Six Years August 13, 2020 Ekemini Russia has effectively been working on its coronavirus vaccine for the past six years, according to the head of the country’s sovereign wealth fund, with a rollout expected before the…
World Coronavirus Live Updates: Singapore Reports Lowest Daily New Cases In Months August 12, 2020 Ekemini Chart of daily new coronavirus cases in the U.S. with data through August 11, 2020. The following data was compiled by Johns Hopkins University: Global cases: More than 20.3 million…
Technology Sumner Redstone, Billionaire Media Tycoon, Dead At Age 97 August 12, 2020 Ekemini Sumner Redstone, the media mogul who built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS and Viacom and later became the center of a jilted lover’s lawsuit…
Business Futures Jump As Higher Oil Prices Boost Energy Stocks August 12, 2020 Ekemini U.S. stock index futures rose on Wednesday following a pullback on Wall Street in the previous session, as resilient fuel demand drove up oil prices, while investors remained on edge…
World Winter Is Coming: Why America’s Window Of Opportunity To Beat Back Covid-19 Is Closing August 12, 2020 Ekemini The good news: The United States has a window of opportunity to beat back Covid-19 before things get much, much worse. The bad news: That window is rapidly closing. And…
World Where Kamala Harris Stands On Coronavirus Masks, Stimulus Checks And Other Pandemic Spending August 12, 2020 Ekemini Joe Biden’s pick of California Sen. Kamala Harris as his running mate brings him a powerful ally in the fight against the coronavirus if the two win the 2020 presidential…
World SoftBank-Backed Plenty To Supply 430 Albertsons Stores In California August 12, 2020 Ekemini Vertical farming company Plenty, an ag-tech unicorn backed by SoftBank, announced Wednesday a partnership with Albertsons, marking the company’s first major retail deal. Under the multiyear agreement, Plenty will provide…
Local Nigeria: UNILAG Governing Council Sacks Vice Chancellor August 12, 2020 Ekemini The Vice Chancellor of University of Lagos (UNILAG), Professor Olawatoyin Ogundipe, has been sacked by the governing council of the institution. His removal was announced during a meeting of the…
Business U.S. Consumer Prices Push Higher; High Unemployment Likely To Keep Lid On Inflation August 12, 2020 Ekemini U.S. consumer prices rose more than expected in July, with a measure of underlying inflation increasing by the most in 29-1/2 years amid broad gains in the costs of goods…
Technology Exclusive: U.S. ban on TikTok could cut it off from app stores, advertisers – White House document August 12, 2020 Ekemini President Donald Trump’s executive order banning China’s TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White…
