Nigeria: Jubilant worshippers return to Lagos mosques
Muslim worshippers attend Friday prayers inside a mosque, after houses of worship reopened in Nigeria’s commercial capital Lagos, amid concerns…
Month: August 2020
U.S. Intelligence Report On Trump-Biden Election Meddling Reveals Who Russia, China And Iran Want To Win
Russia is trying to “undermine” presumptive Democratic nominee Joe Biden’s candidacy, while China and Iran are against President Donald Trump’s…
Take Me To Court’– Nwaoboshi Tackles NDDC Over N2.5bn Refund Request
Peter Nwaoboshi, chairman of the senate committee on the Niger Delta Development Commission (NDDC), has dismissed a letter by the…
Nigeria: Power Should Move To Southern Nigeria In 2023
The governor of Kaduna State, Nasir El-Rufai, has said that Nigeria’s next president in 2023 should emerge from the southern…
Huawei To Stop Making Flagship Chipsets As U.S. Pressure Bites
Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as…
U.S. Earnings Recovery May Be Faster Than In Previous Crises
U.S. companies’ profit growth forecasts for the next five years are still intact, according to Refinitiv data, suggesting that the…
Trump Threatens Executive Action If No Deal Is Reached In Coronavirus Stimulus Talks
After coronavirus aid talks between Democratic leaders and the Trump administration ground to a halt Friday, President Donald Trump threatened…
Dollar Gains, Stocks Ebb After Labor Report
The dollar bounced off two-year lows and a gauge of global equity markets stopped marching toward a record high on…
Zillow CEO: Real Estate Market Is Beginning ‘Great Reshuffling’ As People Seek More Space At Home
The U.S. real estate market is beginning to show signs of a “great reshuffling,” as people relocate to homes with…
Nigeria: Gov Bala Defends Appointment Of SA On Unmarried Women
Bauchi State Governor Mohammed Bala has defended the appointment of Balaraba Ibrahim as a Special Assistant on unmarried women affairs.…
Buffett Buys Back Record $5.1 Billion In Berkshire Stock As Coronavirus Hits Operating Earnings
Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as…
Gold’s Record Breaking Rally Sputters On Dollar Bounce-Back
Gold slumped over 2% on Friday, snapping its record-breaking rally, after a decent U.S. jobs report boosted the dollar, but…
Oil Slips On Demand Concerns, But Posts A Gain For The Week
Oil prices fell more than 1% on Friday, limiting their weekly gain due to concerns the global recovery could falter…
Coronavirus Punishes Warren Buffett As Berkshire Hathaway Takes Big Writedown
Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown for its Precision Castparts aircraft and industrial parts business, as…
Slowing U.S. Job Growth, Rising COVID-19 Raise Doubts On The Recovery’s Strength
U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19…
U.S. Sanctions Branded ‘Clowning Actions’ As Hong Kong Vows It Won’t Be Intimidated
Beijing’s top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and…
‘Bull Everything’ Rally Leaves Investors Wondering What To Own
With assets of all stripes rallying and the S&P 500 Index .SPX approaching fresh records, investors are facing a dilemma:…
Berkshire Takes Big Writedown For Precision Castparts, Operating Profit Falls
Warren Buffett’s Berkshire Hathaway Inc said on Saturday its quarterly operating profit fell 10%, and it took a big writedown…
Nigeria: Retain Service Chiefs, Increase Army Funds
Ebonyi State Governor David Umahi on Friday advised President Muhammadu Buhari to retain the current armed force service chiefs against…
Nigeria: NDDC Pondei Lists Contracts Allegedly Paid Under ‘Duress’ To Get Budget Approval
The Acting Managing Director of the Niger Delta Development Commission (NDDC), Prof. Kemebradikumo Daniel Pondei, weekend, listed some of the…
Wall Street Week Ahead: Bargain-hunters look to U.S. Real Estate Stocks As S&P Nears Records
As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate…
NPA Warns Shipping Firms Over Empty Containers
Failure by shipping firms to provide holding bays for empty containers is responsible for ports’ congestion, operators have said. However,…
World Bank Approves $114 Mln For Nigeria’s COVID-19 Response
The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday.…
Dollar Rises On Renewed U.S.-Sino Tensions, Jobs Data Eyed
The U.S. dollar rebounded whilst other major currencies weakened on Friday after President Donald Trump took steps to ban transactions…
Nigeria: Reps Summon Adeosun, Ahmed, Farouq Over N1.7tn NSIP Fund
The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent Minister of Finance, Budget…
Fresh $100 Million Investment To Boost Nigeria’s Shipping Sector
Fresh $100 million investment is under way by the West Africa Container Terminal (WACT), to buoy Nigerian terminal handling capacity…
Nigeria: DMO Lifts Suspension On FGN Savings Bond Offer
Four months after it suspended the Federal Government of Nigeria (FGN Savings Bond) offer, the Debt Management Office (DMO) yesterday…
U.S. Govt Advises Citizens Against Travelling To Nigeria
Amidst the worsening security situation across Nigeria, the U.S. government has advised its citizens not to travel to many states in Nigeria…
Travelex Poised For Reboot As Debt Restructuring Is Completed
The transaction is being arranged through a pre-packaged administration sale of certain UK Travelex entities. Travelex, the airport foreign currency…
How Travelers Are Beating Tough Flight Restrictions
Travel curbs and border restrictions are upending lives around the globe, with some people resorting to chartering planes on their…