GTB Dollar Spending Limit Hits Record Low — $100 Per Month
Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was…
Month: August 2020
Gold Slumps Below $1,900 As U.S. Dollar, Yields Rise
Gold dropped more than 2% to break below the key $1,900 per ounce level on Wednesday as a resurgent dollar…
Is Nigeria ‘Officially Broke’? Why Prominent Economist’s Warning Needs A Larger View
“Our government is broke. And it’s official.” This was the alarming opening of Dr Obadiah Mailafia’s regular “Scenarios” column in…
Forex Pressure To Hit Operators Earnings’
Foreign exchange (forex) liquidity pressures are expected to lead to a rise in forex-linked costs to and exert downward pressure…
State Department Will Evacuate Americans From Cruise Ship, First Death Confirmed In Europe
8:12 pm: China announces policies to support businesses hit by virus The China Banking and Insurance Regulatory Commission (CBIRC) issued…
Nigeria: Country That Pardons Terrorists Wants To Kill Man For Blasphemy
President of Omega Fire Ministries Worldwide Apostle Johnson Suleman has reacted to the death sentence handed down to a 22-year-old…
U.S. Airline Stocks Ease Off Of Multi-Week Highs As S&P 500 Gives Up Gains
U.S. airline stocks Tuesday hit their highest prices since mid-June, but the rally, led by more customers returning to air…
Tesla Announces Five-For-One Stock Split
Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose…
Nigeria: Sanwo-Olu heads APC’s 104-man Ondo Campaign Council (Full List)
Governor Babajide Sanwo-olu has been named the chairman of the 104-member All Progressives Congress( APC) National Campaign Council for Ondo…
Scientists Worry Whether Russia’s ‘Sputnik V’ Coronavirus Vaccine Is Safe And Effective
Scientists and public health officials are skeptical about Russian President Vladimir Putin’s claim that the country’s potential vaccine for the…
Former FDA Chief Dr. Scott Gottlieb Wary Of Safety Of Russia’s Coronavirus Vaccine: ‘I Wouldn’t Take It’.
Dr. Scott Gottlieb is wary of the safety and effectiveness of a new coronavirus vaccine touted by Russian President Vladimir…
Nigeria: Crisis In University Of Lagos Takes New Dimension, Governing Council Meeting Moved To Abuja
The University of Lagos has fixed an emergency governing council meeting for August 12, 13 and 14, after it indefinitely…
Democrats Concerned By Facebook Oversight Board’s Limited Authority
Three Democratic members of the U.S. House of Representatives on Tuesday urged Facebook Inc to enact the policy recommendations of…
Biden Campaign Prepares For VP Pick Announcement
The last pieces are in place for the announcement of presumptive Democratic nominee Joe Biden’s vice presidential running mate. Biden…
Nigeria: Lagos Assembly Considers Amendment Of Anti-cultism Law To Include Punishment For Parents Of Cultists
The parents of people found guilty of cultism in Lagos State might be liable for punishment if a bill for…
Grocery Stores Might Be The Next Big Thing To Move Into Malls
As consumer shopping habits change, America’s shopping malls have anointed many saviors: food halls, movie theaters, gyms. Grocery stores could…
Here’s What Another Round Of Stimulus Checks Will Mean For Your 2021 Taxes
A second round of stimulus checks may be on the way, and the potential payments being discussed in Congress look…
Boeing Order Cancellations Outpace New Sales For Sixth Straight Month As Demand Continues To Fall
Boeing customers canceled plans to buy 43 of the manufacturer’s troubled 737 Max planes in July as scrapped orders outpaced…
European Markets Close Sharply Higher As U.S. Stimulus Hopes Outweigh China Tensions
European stocks closed higher Tuesday, as investor hopes for a U.S. stimulus deal outweighed concerns over heightened U.S.-Sino tensions. The…
Big U.S. Companies Form Group To Boost Hiring Of Minorities In New York
Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of…
Liquidity In China Will Flow To Equities As Beijing Curbs Real Estate Speculation.
“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 choice of the general public, the Chinese government is now cracking down on it to prevent speculation, said Zhang. In July, the city of Shenzhen announced fresh restrictions on home purchases to curb sharp price rises and stamp out speculation.
China Imposes Sanctions On U.S. Lawmakers Over Hong Kong
China imposed sanctions on 11 U.S. citizens including legislators on Monday in response to the U.S. imposition of sanctions on…
Asia Pacific Markets Mostly Up Taking Cues From Wall Street
Asia Pacific markets mostly rose on Tuesday, following gains on Wall Street overnight as investors remain unfazed by China’s retaliatory…
U.S. S&P500 Heads For Record High As Stimulus Bets Lift World Stocks
Futures for the U.S. S&P Global index hit a record high on Tuesday and world stocks rose to new 5-1/2…
Lucid Makes A Run For Tesla With Luxury EV Sedan With A Record 517 Miles Of Range Per Charge
The first all-electric car from Lucid Motors is expected to set a new industry benchmark — and record — with…
Russia Registers First COVID-19 Vaccine, Putin’s Daughter Inoculated
Russia on Tuesday became the first country in the world to officially register a COVID-19 vaccine and declare it ready…
Nigeria: NBA Splits As New Lawyers Association Emerges
A new form for lawyers to register as members of a new lawyers’ association is in public space, signifying the…
Nigeria: APC Condemns Atiku, PDP For Sponsoring Fake News Against Osinbajo
The All Progressives Congress (APC) has condemned former Vice President Atiku Abubakar and his party, the Peoples Democratic Party (PDP)…
Airline Shares Surge As TSA Numbers Hit Pandemic High, Support For Second Bailout Builds
Airline shares Monday headed for their biggest one-day percentage gains in nearly a month after federal data showed air travel…
Fed’s Evans Says Vulnerable Workers Affected By Crisis Face Highly Uncertain Future
The economic crisis caused by the coronavirus pandemic is falling hardest on the most vulnerable workers, and policymakers need to…