Nigeria: Unilag Soyombo Resumes As Acting VC Amid Tight Security
Security at the University of Lagos (UNILAG) senate building and council office was heightened on Monday after Omololu Soyombo assumed…
Month: August 2020
Nigeria: Bayelsa And Other Stories
“You know I used to think that this COVID-19 thing is a kind of scientific joke, but now I am…
U.S. States Seek $2.2 Trillion From OxyContin Maker Purdue Pharma: Filings
U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in…
Coronavirus Pandemic Now Driven By Younger Adults: WHO
The World Health Organization (WHO) said on Tuesday it was concerned that the novel coronavirus spread was being driven by…
Robinhood Snags Third Mega-Investment Of The Year, Boosting Valuation To $11.2 Billion
Venture capital investors are betting big on Robinhood during this pandemic-plagued year as people stuck at home, especially younger investors,…
Treasury Secretary Mnuchin says Democrats are unwilling to strike a ‘reasonable’ relief deal
Treasury Secretary Steven Mnuchin on Tuesday criticized top Democrats for what he categorized as stubborn tactics and refusal to discuss…
Walmart Second-Quarter Results Crush Estimates, As E-Commerce Sales Jump 97%
Walmart posted its biggest earnings surprise in 31 years Tuesday as shoppers rushed in to spend their stimulus checks, and…
Tech-Fuelled ‘Everything’s Awesome’ Rally Looks Unstoppable
Today’s $72 trillion question for investors: To buy or not to buy into the global equities rally? Notwithstanding inflated share…
$300 Unemployment Boost May Last For Only For 3 Weeks
A $300-a-week federal boost to unemployment benefits may end shortly after it starts. In some states, recipients may only get…
Detached From Reality? Why U.S. Stocks Just Hit A New High
Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus…
Nigeria: Buhari In Secret Talks With Jonathan
President Muhmmadu Buhari has concluded a closed-door meeting with former President Dr Goodluck Jonathan at the State House, Abuja. Although…
Oil Moves Lower As Suppliers Seek To Hold Promises On Output Cuts
Oil prices slipped on Tuesday, though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost…
U.S. Housing Starts Surge In July In Rare Pandemic Bright Spot
U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is…
Alibaba Shares Hold Up In Face Of Trump Threats
Shares in Chinese online retail giant Alibaba (BABA.N) ground out gains on Monday as profits for smaller peer JD.com buoyed…
UNC Abruptly Halts In-Person Classes After Coronavirus Outbreak On Campus
The University of North Carolina at Chapel Hill announced Monday it is canceling in-person undergraduate classes and shifting them entirely…
Sterling Driven By Dollar Ahead Of New Round Of Brexit Talks
Sterling edged up against the dollar and euro on Monday, with cable mostly driven by a weaker U.S. currency and…
Stocks Making The Biggest Moves After Hours: America’s Car-Mart, Kohl’s, Uber & More
America’s Car-Mart — Shares of America’s Car-Mart jumped nearly 5% in extended trading after the auto financing company reported better-than-expected…
Dollar Squeeze Chokes Nigeria’s Economy With Recession Looming
Nigeria’s foreign-currency shortage is squeezing the life out of Africa’s biggest economy. Banks won’t honor card payments, foreign investors can’t…
Nigeria’s Central Bank To Set Up $39 Bln Infrastructure Firm With Sovereign Fund
Nigeria’s central bank has secured government approval to set up a 15-trillion naira ($39.4 billion) infrastructure development company with the…
SoftBank Builds $1.2 Billion Amazon Stake; Invests In Netflix, Tesla
SoftBank Group Corp (9984.T) has built a stake worth around $1.2 billion in e-commerce firm Amazon (AMZN.O), regulatory filings showed…
S&P 500 Rises To Start The Week, But Comes Up Just Short Of A Record Close
The S&P 500 rose slightly on Monday to start the week, but fell short of a record closing high once…
Companies Need To Step Up’: The Ever-Increasing Demand For Disinfection During The Pandemic
New ways to clean or disinfect buildings, surfaces and clothes are seeing increased demand, according to tech company leaders. Eric…
‘You Can’t Fix Stupid’ — Trump Trade Advisor Peter Navarro Rips Kodak Executives As Dumbest Ever
White House trade advisor Peter Navarro on Monday blasted executives at Eastman Kodak for their handling of a government loan…
President Trump’s Younger Brother, Robert, Has Died
Robert Trump, the younger brother of President Donald Trump, has passed away, the White House said in a statement late…
Families Of Sandy Hook Massacre Victims Say Remington Bankruptcy Intentionally Leaves Them In The Cold
The Remington Arms Co. appears on the verge of being sold off in pieces following its second Chapter 11 bankruptcy…
Amazon Investigated By German Watchdog For Abusing Dominance During Pandemic
Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being…
Nigeria: Dangote Cement Promo Produces New 60 Millionaires
The ongoing Dangote Cement Bag of Goodies Promo season 2 has produced 60 millionaires spread across the nation, thereby cushioning…
Barrick Gold’s Stock Soars After Buffett’s Berkshire Reveals Stake
Barrick Gold’s stock is popping 10% Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold…
Wall Street Set To Kick Off Big Retail Earnings Week On High Note
Wall Street’s main indexes were set to open higher on Monday as retailers prepared to wind down a better-than-feared quarterly…
U.S. Tightens Restrictions On Huawei Access To Technology And Chips
The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its…