Business GTB Dollar Spending Limit Hits Record Low — $100 Per Month August 12, 2020 Ekemini Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was contained in a notice sent to customers on Wednesday. This…
Business Gold Slumps Below $1,900 As U.S. Dollar, Yields Rise August 12, 2020 Ekemini Gold dropped more than 2% to break below the key $1,900 per ounce level on Wednesday as a resurgent dollar forced bullion investors to reassess their positions after a record-breaking…
Local Is Nigeria ‘Officially Broke’? Why Prominent Economist’s Warning Needs A Larger View August 12, 2020 Ekemini “Our government is broke. And it’s official.” This was the alarming opening of Dr Obadiah Mailafia’s regular “Scenarios” column in Nigeria’s Vanguard newspaper for 22 June 2020. Titled “When government…
Business Forex Pressure To Hit Operators Earnings’ August 12, 2020 Ekemini Foreign exchange (forex) liquidity pressures are expected to lead to a rise in forex-linked costs to and exert downward pressure on the earnings of telecom operators, a report by FBNQuest…
World State Department Will Evacuate Americans From Cruise Ship, First Death Confirmed In Europe August 12, 2020 Ekemini 8:12 pm: China announces policies to support businesses hit by virus The China Banking and Insurance Regulatory Commission (CBIRC) issued a notice on Saturday urging banks to strengthen loans to…
Local Nigeria: Country That Pardons Terrorists Wants To Kill Man For Blasphemy August 12, 2020 Ekemini President of Omega Fire Ministries Worldwide Apostle Johnson Suleman has reacted to the death sentence handed down to a 22-year-old man by a Kano Upper Shari’a Court on Monday for…
Business U.S. Airline Stocks Ease Off Of Multi-Week Highs As S&P 500 Gives Up Gains August 12, 2020 Ekemini U.S. airline stocks Tuesday hit their highest prices since mid-June, but the rally, led by more customers returning to air travel and hopes for more government aid, cooled along with…
Technology Tesla Announces Five-For-One Stock Split August 12, 2020 Ekemini Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock…
Local Nigeria: Sanwo-Olu heads APC’s 104-man Ondo Campaign Council (Full List) August 12, 2020 Ekemini Governor Babajide Sanwo-olu has been named the chairman of the 104-member All Progressives Congress( APC) National Campaign Council for Ondo State Governorship Election Governor Mai Mala Buni, the Chairman of…
World Scientists Worry Whether Russia’s ‘Sputnik V’ Coronavirus Vaccine Is Safe And Effective August 12, 2020 Ekemini Scientists and public health officials are skeptical about Russian President Vladimir Putin’s claim that the country’s potential vaccine for the coronavirus “works quite effectively,” saying Tuesday that the vaccine still…
World Former FDA Chief Dr. Scott Gottlieb Wary Of Safety Of Russia’s Coronavirus Vaccine: ‘I Wouldn’t Take It’. August 11, 2020 Ekemini Dr. Scott Gottlieb is wary of the safety and effectiveness of a new coronavirus vaccine touted by Russian President Vladimir Putin as the world’s first drug approved to prevent Covid-19.…
Local Nigeria: Crisis In University Of Lagos Takes New Dimension, Governing Council Meeting Moved To Abuja August 11, 2020 Ekemini The University of Lagos has fixed an emergency governing council meeting for August 12, 13 and 14, after it indefinitely postponed the meeting which was earlier scheduled for July 13…
Technology Democrats Concerned By Facebook Oversight Board’s Limited Authority August 11, 2020 Ekemini Three Democratic members of the U.S. House of Representatives on Tuesday urged Facebook Inc to enact the policy recommendations of the company’s oversight board, empowering the independent group of advisers,…
World Biden Campaign Prepares For VP Pick Announcement August 11, 2020 Ekemini The last pieces are in place for the announcement of presumptive Democratic nominee Joe Biden’s vice presidential running mate. Biden has reportedly made his choice and informed top aides about…
Local Nigeria: Lagos Assembly Considers Amendment Of Anti-cultism Law To Include Punishment For Parents Of Cultists August 11, 2020 Ekemini The parents of people found guilty of cultism in Lagos State might be liable for punishment if a bill for a law to provide for the prohibition of unlawful societies…
World Grocery Stores Might Be The Next Big Thing To Move Into Malls August 11, 2020 Ekemini As consumer shopping habits change, America’s shopping malls have anointed many saviors: food halls, movie theaters, gyms. Grocery stores could be next on the list. Simon Property Group, the largest…
Investing World Here’s What Another Round Of Stimulus Checks Will Mean For Your 2021 Taxes August 11, 2020 Ekemini A second round of stimulus checks may be on the way, and the potential payments being discussed in Congress look a lot like those offered via the CARES Act that…
Business Boeing Order Cancellations Outpace New Sales For Sixth Straight Month As Demand Continues To Fall August 11, 2020 Ekemini Boeing customers canceled plans to buy 43 of the manufacturer’s troubled 737 Max planes in July as scrapped orders outpaced sales for a sixth consecutive month, the company said Tuesday.…
Business European Markets Close Sharply Higher As U.S. Stimulus Hopes Outweigh China Tensions August 11, 2020 Ekemini European stocks closed higher Tuesday, as investor hopes for a U.S. stimulus deal outweighed concerns over heightened U.S.-Sino tensions. The pan-European Stoxx 600 closed 1.7% higher, with all sectors and…
Business Big U.S. Companies Form Group To Boost Hiring Of Minorities In New York August 11, 2020 Ekemini Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York. The New York…
Business World Liquidity In China Will Flow To Equities As Beijing Curbs Real Estate Speculation. August 11, 2020 Ekemini “We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Although real estate has been the favored investment…
World China Imposes Sanctions On U.S. Lawmakers Over Hong Kong August 11, 2020 Ekemini China imposed sanctions on 11 U.S. citizens including legislators on Monday in response to the U.S. imposition of sanctions on 11 Hong Kong and Chinese officials accused of curtailing political…
Business Asia Pacific Markets Mostly Up Taking Cues From Wall Street August 11, 2020 Ekemini Asia Pacific markets mostly rose on Tuesday, following gains on Wall Street overnight as investors remain unfazed by China’s retaliatory actions against the United States. But Chinese mainland markets gave…
Business U.S. S&P500 Heads For Record High As Stimulus Bets Lift World Stocks August 11, 2020 Ekemini Futures for the U.S. S&P Global index hit a record high on Tuesday and world stocks rose to new 5-1/2 month peaks, lifted by bets on a U.S. fiscal stimulus…
Business Lucid Makes A Run For Tesla With Luxury EV Sedan With A Record 517 Miles Of Range Per Charge August 11, 2020 Ekemini The first all-electric car from Lucid Motors is expected to set a new industry benchmark — and record — with more than 500 miles of range per charge, easily topping…
World Russia Registers First COVID-19 Vaccine, Putin’s Daughter Inoculated August 11, 2020 Ekemini Russia on Tuesday became the first country in the world to officially register a COVID-19 vaccine and declare it ready for use, despite international skepticism. To underscore its efficacy, President…
Local Nigeria: NBA Splits As New Lawyers Association Emerges August 10, 2020 Ekemini A new form for lawyers to register as members of a new lawyers’ association is in public space, signifying the birth of a new lawyers association. It is called “New…
Local Nigeria: APC Condemns Atiku, PDP For Sponsoring Fake News Against Osinbajo August 10, 2020 Ekemini The All Progressives Congress (APC) has condemned former Vice President Atiku Abubakar and his party, the Peoples Democratic Party (PDP) for sponsoring attacks against Vice President Yemi Osinbajo. The ruling…
World Airline Shares Surge As TSA Numbers Hit Pandemic High, Support For Second Bailout Builds August 10, 2020 Ekemini Airline shares Monday headed for their biggest one-day percentage gains in nearly a month after federal data showed air travel at the highest volume in nearly five months and as…
Business Fed’s Evans Says Vulnerable Workers Affected By Crisis Face Highly Uncertain Future August 10, 2020 Ekemini The economic crisis caused by the coronavirus pandemic is falling hardest on the most vulnerable workers, and policymakers need to coordinate to come up with creative policies to help people…
