White Customers, Black Fabrics
The recent outpouring of support for Black-owned businesses has brought attention to fashion labels that work with African prints. The…
Month: August 2020
Nigerian Crypto Activity Has Been On The Rise Since April
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months. Nigeria, the biggest source of…
Bad Weather Hurts Efforts To Stop Oil Spill Off Mauritius
Bad weather hindered efforts to contain an oil spill from a bulk carrier off the southeastern coast of Mauritius that’s…
$3.121b Loans: China Won’t Take Over Nigeria
The Chinese Embassy in Nigeria on Thursday said its country’s loans were not designed to take over Nigeria or any…
Last call: Governors Roll Back Hours Instead Of Reopenings As Bars Take Blame For Coronavirus Surge
Desy’s is one of the last bars left standing in Morrisville, North Carolina. Owner Desislava Nikolova made her American dream come true…
Virgin Atlantic Files For Bankruptcy Protection
Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection in New York, the United States, as the global airline…
Buhari Orders Compulsory Use Of Face Masks Nationwide
President Muhammadu Buhari has directed state governments and the Federal Capital Territory (FCT) to enforce the use of face masks…
Saudi Investor Sues Med-View Over Sale Of Asset
Saudi Arabian investor, Abdulmohsen Al-Thunnayan, has filed a suit at the Federal High Court Lagos, challenging the move by Med-View…
Oil Slips To $45 On Demand Concerns, Set For Weekly Rise
Oil dipped to around $45 a barrel on Friday on worries that a demand recovery would slow due to a…
DMO Clarifies China’s Loans To Nigeria; Economic Viability And Revenue Issues Left Out
The attention of the Debt Management Office (DMO), has been drawn to statements and reports credited to several persons on…
Nigeria’s Cocoa Output To Be Tapered By The Spread Of The Fungal Black Pod Disease
Approximately 40% of Nigeria’s cocoa output may be at risk from the spread of the fungal black pod disease which…
South Korea Leads Gains In Mixed Trading Day For Asia Pacific Stocks
Stocks in Asia Pacific were mixed on Thursday as investors continued to monitor tensions between the U.S. and China. South…
Africa Waits As Virus Sets Back ‘Game-Changer’ Trade Pact
Even before the coronavirus pandemic, intra-African trade was set back by border bureaucracy, long delays at frontiers and countless regulations…
Nigerian Govt Extends COVID-19 Lockdown By 4 Weeks
The Nigerian government, on Thursday, extended the second phase of the COVID-19 eased lockdown by another four weeks. This extension…
UK Puts Belgium, Andorra And Bahamas On Quarantine List
The announcement comes after Prime Minister Boris Johnson warned there are “signs of a second wave” of COVID-19 brewing in…
FG Asks Airlines To Get Ready For Resumption Of International Flights
The federal government had banned international flights in March as parts of measures to check the spread of COVID-19. But…
Global Investment Banks To Be Exempted From Turkey’s Lira Limits
Turkish authorities are working on a plan to exempt global investment banks from some restrictions on swapping foreign exchange for…
Bezos sells more than $3 billion in Amazon shares
Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to…
UK Advises Britons In Nigeria Against Travelling To Kaduna, Other States
THE United Kingdom (UK) has issued a travel advisory to its citizens in Nigeria against travelling to Kaduna and some…
Pound At Five-Month High As Central Bank Strikes A Less Gloomy Note
Sterling strengthened to a new five-month high against the dollar and headed for the $1.32 mark after the Bank of…
ISIS, Al Qaeda Penetrating Northwest, Aiming To Expand Into South, US Warns Nigeria
United States has warned that ISIS and al-Qaida are penetrating Northwest and looking to expand further south into the littoral…
Africa’s Skies Are Badly Polluted
GORéE ISLAND, a former slave-trading hub, is so close to Dakar, Senegal’s capital, that hundreds of amateurs swim out to…
OPEC Braces For Dwindling Demand
The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in the…
Gold Barrels Past $2,000 With Stage Set To Rally Further
Gold advanced to a fresh record beyond $2,000 an ounce as investors assessed increased geopolitical risks and the prospect for…
U.S. SEC fines World Acceptance Corp $21.7 million for Mexican bribes
The U.S. Securities and Exchange Commission announced Thursday that it had fined World Acceptance Corp, a consumer loan company, $21.7…
Trump’s Lender Deutsche Bank Subpoenaed By NYC Prosecutors, Hands Over Documents
Prosecutors in New York have subpoenaed President Donald Trump’s financial records from his longtime lender Deutsche Bank in a criminal…
Bank Of England Governor Says Negative Rates Are ‘In The Toolbox,’ But There Are No Plans To Cut Below Zero
Andrew Bailey, governor of the Bank of England, poses for a photograph on his first day in the post at…
The Ballooning Money Supply May Be The Key To Unlocking Inflation In The U.S.
With the Federal Reserve and Congress pushing stimulus efforts to new heights, some investors are keeping a close eye on…
Trump To Sign Executive Order Requiring U.S. To Buy ‘Essential’ Drugs From American Companies
President Donald Trump will sign an executive order requiring the U.S. government to buy “essential” drugs from American companies, White…
Oil Prices Struggle To Hold Five-Month High Amid Pandemic Worries
Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand…