World Some Countries Don’t Want To Wait For Superpowers’ Vaccines August 26, 2020 Ekemini After Covid-19’s emergence in Buenos Aires led to a strict lockdown in March, Juliana Cassataro and her fellow vaccine researchers grew concerned. The U.S., Europe and China had already revved…
Business World An Economy In Crisis August 26, 2020 Ekemini The crisis is another wake-up call to restructure the economy Even when the numbers are open to broad interpretation, the figures released recently by the National Bureau of Statistics (NBS)…
Local Nigeria: COVID-19 Knocks 15% Off Export Earnings In One Month August 26, 2020 Ekemini Nigeria’s export earnings dropped by nearly $2 billion in one month due to the global coronavirus pandemic, which affected prices of crude oil, according to data from the country’s central…
Business Nordstrom’s Sales Fall 53% As Department Store Chain Suffers Store Closures Amid Pandemic August 26, 2020 Ekemini Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic, and its online business…
Local Chloroquine Kills Coronavirus In Early Stage, Says NAFDAC DG August 26, 2020 Ekemini DIRECTOR-General of the National Agency for Food and Drug Administration and Control (NAFDAC) Prof. Mojisola Adeyeye on Tuesday stated that pieces of evidence from reliable researches and reports showed that…
Business CBN Debits Banks N2.476tr In 3 Months August 25, 2020 Ekemini Between last April and July, the Central Bank of Nigeria(CBN)debited N2.476trillion from the commercial banks as Cash Reserve Requirement (CRR) and as part of measures to strengthen the Naira .…
Business Local 6.1% Shrinking Of Economy: FG Won’t Be Able To Service Rising Debts, Fund Budget –MAN, Others August 25, 2020 Ekemini Key players in the nation’s economy including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry on Monday said the government may not able to service…
Local How Nigeria’s Cocoa Revenue Can Hit $1.1b In Five Years’ August 25, 2020 Ekemini If Nigeria deploys measures to increase yield, land area under cultivation, quality of cocoa beans through new techniques in fermentation and sustainable farming, embrace organic certification, and target new markets,…
Local Nigeria: FG Targets Creation Of 12m Jobs With National Gas Expansion Programme August 25, 2020 Ekemini Chief Timipre Sylva, Minister of State for Petroleum Resources says the implementation of the National Gas Expansion Programme (NGEP) will create 12 million direct and indirect jobs across the country.…
Business Canadian Dollar Lags G10 Peers As Bets Mount Against The Currency August 25, 2020 Ekemini The Canadian dollar weakened against its U.S. counterpart and all the other G10 currencies on Monday, as recent data showed that speculators have added to bearish bets on the loonie…
Business P2P Cryptocurrency Exchanges In Africa Pivot: Nigeria And Kenya The Target Markets August 25, 2020 Ekemini Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of…
Business Oil Steadies And Fuels Gain With Storm Laura Menacing U.S. Gulf August 25, 2020 Ekemini Oil traded near $42.50 a barrel as Laura was predicted to become a major hurricane, menacing crude production and refineries in the U.S. Gulf of Mexico close on the heels…
Business Domestic And Foreign Portfolio Participation In Equity Trading August 25, 2020 Ekemini On a monthly basis, The Nigerian Stock Exchange polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. As at 31 July 2020, total transactions…
Local Nigeria: Emefiele To Host CEOs Of Multinational Companies Over Export Market August 25, 2020 Ekemini Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has hinted on plans to meet with the Chief Executives of multinational companies in Nigeria, to discuss the revamp…
Investing Cryptocurrency Words You Will Meet As A New Investor August 25, 2020 Ekemini The cryptocurrency market is buzzing as prices continue to hold in the green territory and investors keep hopes alive for a rerun of 2017 all-time high. As of Tuesday, morning…
Local Nigeria May Slip Into Recession In Q3 August 25, 2020 Ekemini Minister of State for Budget and National Planning, Prince Clem Ikanade Agba says Nigeria may experience another negative growth in the third quarter of the year 2020. Agba stated this…
Africa Africa Is Declared Free Of Wild Polio By Certification Committee August 25, 2020 Ekemini Africa was declared free of wild polio on Tuesday by the independent Africa Regional Certification Commission (ARCC) for Polio Eradication. Certification of the milestone, announced during a World Health Organization…
Local Nigeria: Buhari Unveils Agenda For Next Three Years August 25, 2020 Ekemini The President, Major General Muhammadu Buhari (retd.), on Tuesday, listed nine areas his regime would prioritise during his remaining years in office. He listed those priority areas to include improvement…
Business Euro Up On German IFO, Dollar Slips On Successful U.S.-China Phone Call August 25, 2020 Ekemini The euro rose nearly 0.5% on Tuesday on better-than-expected German economic data, while the U.S. dollar fell after the United States and China both hailed a phone call between their…
Local Nigeria: FG Unveils Plan To Concession 5 International Airports, Reduces Quarantine To 8 Days August 25, 2020 Ekemini Plan by the federal government to concession the five international airports in the country was unveiled Monday by the Minister of Aviation, Senator Hadi Sirika. The minister, who made the…
Local No Infrastructure For COVID-19 Testing At Airports – NCAA August 25, 2020 Ekemini The Nigerian Civil Aviation Authority on Monday declared that there was no infrastructure to conduct COVID-19 tests on thousands of passengers who would use the airports once international flights resume…
Local Nigeria: Stop Sending Children To Schools In Northern Cyprus, NIDCOM Warns Parents August 25, 2020 Ekemini The Nigerians in Diaspora Commission has warned Nigerian parents against sending their children to universities in Northern Cyprus over the incessant and mysterious killing of Nigerians. Chairman/CEO of the commission,…
World Court Freezes 65 Accounts Over Alleged Forex Manipulation August 25, 2020 Ekemini A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to freeze all transactions in 65 bank accounts linked with 12 firms and a man suspected…
World Belarus Jails Two Opposition Leaders; Teachers Head Rally Of Thousands August 25, 2020 Ekemini Despite most major opposition figures being in jail or exile, Lukashenko has so far failed to put down protests against his 26-year-old rule, more than two weeks after an election…
Business Technology Stocks Making The Biggest Moves In The Premarket: Hormel, Medtronic, Best Buy, Exxon & More August 25, 2020 Ekemini Hormel (HRL) – The food producer reported quarterly earnings of 37 cents per share, 3 cents a share above estimates. Revenue came in slightly above forecasts. Hormel said its retail…
Business U.S. China Reaffirm Commitment To Phase 1 Trade Deal In Phone Call August 25, 2020 Ekemini Top U.S. and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a…
Business Gas and Nuclear Industries Fight To The End For ‘Green’ EU Investment Label August 25, 2020 Ekemini The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules defining which investments are sustainable, fearing that exclusion from a new “green” list could…
Business As Uncertainty Threatens U.S. Growth, Fed Seeks More Firepower August 25, 2020 Ekemini A year ago, Federal Reserve Chair Jerome Powell warned fellow central bankers of the significant risks posed by trade policy uncertainty, and the lack of precedents for monetary policy in…
Business Best Buy Says Online Sales In U.S. Surged 242% in Second Quarter, But Shares Slide As Gains May Be Short-Lived August 25, 2020 Ekemini Best Buy on Tuesday reported strong second-quarter sales growth, helped by its biggest quarterly increase in online sales ever, as customers bought computers, kitchen appliances and other tech to help…
World Kremlin Defies Calls To Probe Navalny Illness, Says Poisoning Not Yet Certain August 25, 2020 Ekemini The Kremlin said on Tuesday it saw no need for now to investigate the circumstances leading up to opposition politician Alexei Navalny’s grave illness and that a German clinic’s initial…
