Local Nigeria: Unilag Soyombo Resumes As Acting VC Amid Tight Security August 18, 2020 Ekemini Security at the University of Lagos (UNILAG) senate building and council office was heightened on Monday after Omololu Soyombo assumed office as acting vice-chancellor (VC). Oluwatoyin Ogundipe, the VC of…
Local Opinion Nigeria: Bayelsa And Other Stories August 18, 2020 Ekemini “You know I used to think that this COVID-19 thing is a kind of scientific joke, but now I am beginning to take it seriously.” “How can you say that?…
Business U.S. States Seek $2.2 Trillion From OxyContin Maker Purdue Pharma: Filings August 18, 2020 Ekemini U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in America’s opioid epidemic, accusing the drugmaker in new filings of…
World Coronavirus Pandemic Now Driven By Younger Adults: WHO August 18, 2020 Ekemini The World Health Organization (WHO) said on Tuesday it was concerned that the novel coronavirus spread was being driven by people in their 20s, 30s and 40s, many of whom…
Business Robinhood Snags Third Mega-Investment Of The Year, Boosting Valuation To $11.2 Billion August 18, 2020 Ekemini Venture capital investors are betting big on Robinhood during this pandemic-plagued year as people stuck at home, especially younger investors, jump into trading a stock market that’s experienced its fastest…
World Treasury Secretary Mnuchin says Democrats are unwilling to strike a ‘reasonable’ relief deal August 18, 2020 Ekemini Treasury Secretary Steven Mnuchin on Tuesday criticized top Democrats for what he categorized as stubborn tactics and refusal to discuss any “reasonable deal” to provide relief to American consumers and…
Business Walmart Second-Quarter Results Crush Estimates, As E-Commerce Sales Jump 97% August 18, 2020 Ekemini Walmart posted its biggest earnings surprise in 31 years Tuesday as shoppers rushed in to spend their stimulus checks, and online sales nearly doubled during the coronavirus pandemic. The discount…
Technology Tech-Fuelled ‘Everything’s Awesome’ Rally Looks Unstoppable August 18, 2020 Ekemini Today’s $72 trillion question for investors: To buy or not to buy into the global equities rally? Notwithstanding inflated share prices, politics and the pandemic, the answer from many is…
World $300 Unemployment Boost May Last For Only For 3 Weeks August 18, 2020 Ekemini A $300-a-week federal boost to unemployment benefits may end shortly after it starts. In some states, recipients may only get three weeks’ worth of payments — if they get it…
Business Detached From Reality? Why U.S. Stocks Just Hit A New High August 18, 2020 Ekemini Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill –…
Local Nigeria: Buhari In Secret Talks With Jonathan August 18, 2020 Ekemini President Muhmmadu Buhari has concluded a closed-door meeting with former President Dr Goodluck Jonathan at the State House, Abuja. Although the details of their discussions were yet to be disclosed…
Business Oil Moves Lower As Suppliers Seek To Hold Promises On Output Cuts August 18, 2020 Ekemini Oil prices slipped on Tuesday, though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a…
Business World U.S. Housing Starts Surge In July In Rare Pandemic Bright Spot August 18, 2020 Ekemini U.S. homebuilding accelerated by the most in nearly four years in July in the latest sign the housing sector is emerging as one of the few areas of strength in…
Technology Alibaba Shares Hold Up In Face Of Trump Threats August 17, 2020 Ekemini Shares in Chinese online retail giant Alibaba (BABA.N) ground out gains on Monday as profits for smaller peer JD.com buoyed expectations for its own results later this week, countering hint…
World UNC Abruptly Halts In-Person Classes After Coronavirus Outbreak On Campus August 17, 2020 Ekemini The University of North Carolina at Chapel Hill announced Monday it is canceling in-person undergraduate classes and shifting them entirely to remote learning after a coronavirus outbreak quickly spread across…
Business Sterling Driven By Dollar Ahead Of New Round Of Brexit Talks August 17, 2020 Ekemini Sterling edged up against the dollar and euro on Monday, with cable mostly driven by a weaker U.S. currency and euro-sterling stuck above the key 90 level ahead of a…
Business World Stocks Making The Biggest Moves After Hours: America’s Car-Mart, Kohl’s, Uber & More August 17, 2020 Ekemini 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 earnings. The company reported earnings per share of $2.83, versus…
Business World Dollar Squeeze Chokes Nigeria’s Economy With Recession Looming August 17, 2020 Ekemini 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 get their money out and manufacturers are unable to import…
Business Local Nigeria’s Central Bank To Set Up $39 Bln Infrastructure Firm With Sovereign Fund August 17, 2020 Ekemini Nigeria’s central bank has secured government approval to set up a 15-trillion naira ($39.4 billion) infrastructure development company with the sovereign wealth fund to invest in the country’s transport network,…
Business SoftBank Builds $1.2 Billion Amazon Stake; Invests In Netflix, Tesla August 17, 2020 Ekemini SoftBank Group Corp (9984.T) has built a stake worth around $1.2 billion in e-commerce firm Amazon (AMZN.O), regulatory filings showed on Monday, as the tech conglomerate expands its investing activities…
Business S&P 500 Rises To Start The Week, But Comes Up Just Short Of A Record Close August 17, 2020 Ekemini The S&P 500 rose slightly on Monday to start the week, but fell short of a record closing high once again amid declining trading volumes and lingering concerns over a…
World Companies Need To Step Up’: The Ever-Increasing Demand For Disinfection During The Pandemic August 17, 2020 Ekemini New ways to clean or disinfect buildings, surfaces and clothes are seeing increased demand, according to tech company leaders. Eric Rondolat, chief executive of lighting company Signify, told CNBC’s “Squawk…
World ‘You Can’t Fix Stupid’ — Trump Trade Advisor Peter Navarro Rips Kodak Executives As Dumbest Ever August 17, 2020 Ekemini White House trade advisor Peter Navarro on Monday blasted executives at Eastman Kodak for their handling of a government loan to produce pharmaceutical ingredients in the United States. “Based on…
World President Trump’s Younger Brother, Robert, Has Died August 17, 2020 Ekemini Robert Trump, the younger brother of President Donald Trump, has passed away, the White House said in a statement late Saturday. “It is with heavy heart I share that my…
World Families Of Sandy Hook Massacre Victims Say Remington Bankruptcy Intentionally Leaves Them In The Cold August 17, 2020 Ekemini The Remington Arms Co. appears on the verge of being sold off in pieces following its second Chapter 11 bankruptcy filing in just over two years. It is an inauspicious…
Technology Amazon Investigated By German Watchdog For Abusing Dominance During Pandemic August 17, 2020 Ekemini Amazon is being investigated by German authorities for allegedly abusing its market position during the coronavirus pandemic. The investigation, being led by the German Federal Cartel Office, is looking at…
Local Nigeria: Dangote Cement Promo Produces New 60 Millionaires August 17, 2020 Ekemini The ongoing Dangote Cement Bag of Goodies Promo season 2 has produced 60 millionaires spread across the nation, thereby cushioning the effects and impact of COVID-19 on businesses and families…
Business Barrick Gold’s Stock Soars After Buffett’s Berkshire Reveals Stake August 17, 2020 Ekemini Barrick Gold’s stock is popping 10% Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock. Berkshire added a $562 million position in Barrick…
Business Wall Street Set To Kick Off Big Retail Earnings Week On High Note August 17, 2020 Ekemini Wall Street’s main indexes were set to open higher on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while investors continued to watch for the S&P…
World U.S. Tightens Restrictions On Huawei Access To Technology And Chips August 17, 2020 Ekemini The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips. The U.S. Commerce Department actions,…
