World Here’s Why New Cases Of The Coronavirus Are Down Across Most Of The U.S. August 25, 2020 Ekemini In late June, White House coronavirus advisor Dr. Anthony Fauci warned members of Congress that the U.S. might report more than 100,000 daily new cases of the virus “if this…
Business Local AMCON Seizes Jabfal Enterprises’ Assets Over N440m Debt August 25, 2020 Ekemini Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Joshua Abiodun Faleye, the chief promoter of Jabfal Enterprises Limited over N440 million debt. The agency’s action followed…
Local Nigeria: FAAN Explains Benefits Of Airport Concession August 24, 2020 Ekemini The Managing Director of the Federal Airport Authority of Nigeria, Capt. Hamisu Yadudu, has said airports concession would reduce the bureaucracy involved in public procurement. He revealed that a Service…
Business Naira Crashes 108% Against CFA August 24, 2020 Ekemini The naira has fallen by 108 per cent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the…
Business World Powell Set To Deliver ‘Profoundly Consequential’ Speech, Changing How The Fed Views Inflation August 24, 2020 Ekemini History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down…
Business Steady Oil Price Belies Weakening Physical Market August 24, 2020 Ekemini The oil price is holding steady close to $45 a barrel, but prices further forward and in the physical market are showing new signs of weakness mainly due to a…
Local Nigeria To Become Africa’s Largest Avocado Producer By 2030 — Obasanjo August 24, 2020 Ekemini Former President, Chief Olusegun Obasanjo on Monday disclosed that Nigeria could be the largest producer of the Avocado crop by 2030 with the enthusiasm of the country’s farmers. Obasanjo made…
World Cash Machine Hackers Are Getting Better At Stealing Your Money August 24, 2020 Ekemini In the decade since the hacker Barnaby Jack famously made an ATM spit out cash onstage during the 2010 Black Hat security conference in Las Vegas, so-called jackpotting has become…
Business Dollar Holds Steady As Investors Await Powell For Catalysts August 24, 2020 Ekemini The dollar steadied against major currencies on Monday as traders looked to the Federal Reserve’s annual Jackson Hole retreat for guidance on the outlook for U.S. monetary policy. FILE PHOTO:…
Local Nigeria: FG Begins Evacuation Of Stranded Nigerians In China August 24, 2020 Ekemini The Federal Government on Monday began the evacuation of Nigerians who have been stranded in China due to COVID-19 restrictions. In a statement from the Nigerian Embassy in Beijing, China,…
World Scientists Doubt Convalescent Plasma Touted By Trump Is A ‘Breakthrough’ Coronavirus Treatment August 24, 2020 Ekemini Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an…
Local Nigeria: FG Gyrating, Scared After I Threw CAMA Bomb Last Sunday – Oyedepo August 24, 2020 Ekemini Presiding Bishop, Living Faith Church Worldwide, Bishop David Oyedepo on Sunday said the Federal Government and others were gyrating and scared after he threw a bomb exposing the evil of…
Local Nigeria: Update Prof. Ogunsola Named Unilag’s Acting VC August 24, 2020 Ekemini Prof. Folasade Ogunsola has been elected as the Acting Vice Chancellor of the University of Lagos, UNILAG. She was elected among 167 professors at the Senate meeting, who voted to…
Business Exclusive: Foxconn, Other Asian Firms Consider Mexico Factories As China Risks Grow August 24, 2020 Ekemini Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic…
Business Hong Kong Buyers Rush For UK Properties After Security Law August 24, 2020 Ekemini Hong Konger Winnie Tong aims to move to Britain with her family in two years, but is stalling on plans to buy a house there after prices jumped almost 15%…
World Corruption In Purchase Of Virus Protective Equipments Is Murder – WHO Chief August 24, 2020 Ekemini The World Health Organization (WHO) has described corruption in the procurement of Covid-19 personal protective equipment (PPEs) as unacceptable and likened it to murder. Director-General Tedros Adhanom Ghebreyesus answered questions…
Business 20 Strategists Predict The U.S. Presidential Election — And How Stocks Will React August 24, 2020 Ekemini A majority of stock market strategists polled by CNBC expect Democratic candidate Joe Biden to win the U.S. presidential race — but they’re significantly split on what the election would…
Business Hedge Funds In Long Haul To Tackle Lack Of Black Money Managers August 24, 2020 Ekemini When the death of George Floyd forced companies to reflect on why there were so few Black people in their senior ranks, top banks and private equity firms pledged to…
Investing This Top Performing Fund That Thrives On Disruption Is Having Its Best Year Ever, Up 42% August 24, 2020 Ekemini One technology fund is having its best year ever thanks to big positions in the companies befitting the most from the coronavirus era. The Touchstone Sands Capital Select Growth Fund…
Business Battle-Scarred Creditors Call For Reforms From LatAm Default Duo August 24, 2020 Ekemini As serial defaulters Argentina and Ecuador near the finishing line on their latest sovereign debt overhauls, foreign creditors are nervy about investing again without macroeconomic reforms and International Monetary Fund…
Business S&P 500, Nasdaq At All-Time Highs On COVID-19 Treatment Hopes August 24, 2020 Ekemini The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients. The…
Technology Tesco To Create 16,000 More Permanent Jobs In Online Boom August 24, 2020 Ekemini Britain’s largest supermarket Tesco on Monday said it will create an additional 16,000 permanent jobs to support the exceptional growth in its online business and may even increase the number…
Business Safe Bet? Sovereign Funds Rethink Once-Reliable Real Estate August 24, 2020 Ekemini The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable. With prime office blocks lying empty around the world, hotels half-vacant and retailers struggling to stay afloat,…
Investing Wall Street’s Top Analysts See Bigger Gains For Stocks Like Lowe’s and Nvidia August 24, 2020 Ekemini Stocks have delivered very impressive gains recently. Indeed, indexes are circling record levels, boosted by strong second quarter earning reports and reopening optimism. That’s despite economic decline and rising jobless…
Business These Areas Of The Cyclical Trade Are Set To Outperform, $114 Billion Money Manager August 24, 2020 Ekemini Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue. With stocks closing at all-time highs after a record-making week, the narrow leadership from…
Business Technology Exclusive: ByteDance Investors Seek To Use Stakes To Finance TikTok Bid August 24, 2020 Ekemini ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok, according to people familiar with…
Business Rio Tinto Cuts CEO, Executives’ Bonuses After Caves Blast Review August 24, 2020 Ekemini Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of…
Business Technology Zoom Video, Up 330% This Year, Could Have More Room To Run August 24, 2020 Ekemini One of the hottest stay-at-home stocks could be set for more upside, said Todd Gordon, managing director at Ascent Wealth Partners. Videoconferencing stock Zoom Video has already rallied nearly 330%…
World Indian Carrier IndiGo Does Not Expect To Be Profitable Until 2022 August 24, 2020 Ekemini Indian low-cost carrier IndiGo does not expect to be profitable in the next 18 months, according to the CEO of InterGlobe Aviation, which operates the airline. At the moment, the…
World Trump Reportedly Considers Fast Tracking AstraZeneca Vaccine Before Election August 24, 2020 Ekemini The Trump administration is considering fast tracking an experimental coronavirus vaccine developed in the U.K. for use in the United States ahead of the nation’s upcoming presidential election, according to…
