The Stoppage Of 58 UK-Bound Doctors
The attempt by some doctors to leave for the UK holds lessons for the country The recent prevention of 58…
Month: August 2020
Economy Faces A Bumpy Ride As It Enters Healing Phase
The U.S. economy has entered the third stage of the coronavirus pandemic called the “healing phase,” according to economist Michelle…
Novavax’s Coronavirus Vaccine Generates Promising Immune Response In Early Trial, Data Shows
Novavax’s potential vaccine to prevent Covid-19 generated a promising immune response in an early stage clinical trial, the company said.…
The Fed Is Expected To Make A Major Commitment To Ramping Up Inflation Soon
The Federal Reserve is completing a year-long policy review and is expected to announce the results soon.One big change would…
Equity Markets Could Be Stuck In ‘Fat and Flat’ Range
Mueller-Glissmann highlighted that the key driver of markets in recent months had not been optimism on growth, but rather optimism…
Sterling Heads Lower After Early Gains
Sterling edged lower on Tuesday erasing earlier gains as the U.S. dollar moved briefly higher, while fears of a second…
UK’s ‘Racist’ Visa Screening System Scrapped By Government After Legal Challenge
Campaigners say some nationalities were automatically given a red traffic light risk score due to the system’s algorithm. By Kit…
Africa’s Worst Stock Market Faces More Pain From Bank Earnings
There is no recovery in sight yet for Africa’s worst-performing stock market as investors look to bank earnings this month…
Revival Of Ailing Industries Will Strengthen Currency — Expert
Mr Promise Amahah, an economic expert says revamping ailing industries and economic diversification in the country will help to strengthen…
Experts Seek Solution To Forex Challenge Facing Businesses
Financial experts have said there is a need to address the foreign exchange challenge facing the manufacturing and trade sectors…
Import Restrictions, FX Fluctuations… Why Shoprite May Be Selling Stake In Nigerian Business
Shoprite, Africa’s largest food retailer, told investors on Monday that it is considering a potential sale of ” all or…
Dollar Stumbles As Investors Await U.S. Stimulus Breakthrough
A rebound in the dollar faltered on Tuesday as political wrangling over a U.S. relief plan and the gloomy economic…
CBN’s Emefiele: ‘The Nigerian Situation Is A Challenging One’ Says Analyst
In the second part of our series on the governors running the Central Banks of West Africa, we take a…
Gold Edges Back From Record Peak As Firm U.S. Data Dims Shine
Gold was little changed on Tuesday, hovering below the previous session’s record peak as fears over the pace of economic…
U.S. Government Begins Two Trials Testing Eli Lilly’s Coronavirus Antibody Drug
The trials, called ACTIV-2 and ACTIV-3, will look at U.S. drugmaker Eli Lilly’s experimental treatment known as LY-CoV555, which is…
Ford’s Jim Hackett Is Out As CEO, To Be Succeeded By Jim Farley As Restructuring Plan Fails To Reignite Stock
Ford Motor CEO and President Jim Hackett will unexpectedly retire. Hackett, 65, will be succeeded by his heir apparent, Jim…
Gold’s mega rally faces $2,000 hurdle, but for how long?
Gold’s rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above…
Buhari Orders Payment Of Fees For Stranded NDDC Scholars
The director, Corporate Affairs, NDDC, Mr. Charles Odili has disclosed that scholars of the Commission facing hardship abroad over non-remittance…
The $600 Unemployment Boost Is Gone That Leaves Some With Just $5 A Week
Congress didn’t extend a $600-a-week boost to unemployment benefits, which expired July 31. That leaves aid recipients with their typical…
Uncertainty Over OPEC’s Plan To Raise Supply In August
There is uncertainty over the Organisation of Petroleum Exporting Countries (OPEC) and allies’ plan to return supply to the market…
European Stocks Retreat On Weak Earnings; Diageo Down 6.6%
Investors will continue to monitor U.S. fiscal stimulus talks, with Congressional Democrats and the White House on Monday hinting at…
Ports Economic Regulator And Automation Project
For every maritime stakeholder, the mention of world big ports like Shanghai, China and Singapore rings a bell about their…
Turnover In I&E Forex Window Falls By 6% To $937m In July
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell…
Trump Says Nationwide Lockdown Would ‘Ultimately Inflict More Harm Than It Would Prevent’
President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause…
Sterling’s Rally Runs Out Of Steam As Dollar Strengthens
The pound’s month-long rally came to a halt on Monday, as dollar strength pushed sterling back down towards $1.30, even…
As Pandemic Stretches On, Retail Bankruptcies Approach Highest Number In A Decade
2020 is on track to have the highest number of retail bankruptcies in a decade, according to S&P Global Market…
Foreign Investors Understand Our Economic Times
A declaration by the Federal Government, which suggested the other day that the Nigerian economy is resilient enough with self-sufficient…
UK Told To Stop Sending Foreign Aid To Nigeria After Mass Killing Of Christians
More than half of people (53 percent) want British aid to Nigeria made conditional on measures protecting Christians, a new…
Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country…
Here’s The Nigerian Who Is Buying Shoprite’s Stake
Shoprite, Africa’s largest food retailer, announced on Monday it is considering selling off its majority share in its Nigerian subsidiary.…