Tech Giants Are The ‘Winners’ Of The Coronavirus Crisis And Should Pay More Tax
Big Tech has to pay a “fair amount” of taxes in Europe, especially as they are the “real winners” of…
Month: September 2020
NAFDAC Warns Against Using Covifor Remidesivir Injection
The National Agency for Food and Drug Administration and Control (NAFDAC) has warned the general public not to use ‘Covifor…
Softbank Identified As The ‘Nasdaq Whale’ That Bought Billions In Stock Options, Betting On Higher Prices For The Biggest Names In Tech
Japan’s SoftBank was reportedly the “Nasdaq whale,” that bought billions of dollars in individual stock options in big tech companies…
Key Coronavirus Forecast Predicts Over 410,000 Total U.S. Deaths By Jan. 1: ‘The Worst Is Yet To Come’
The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into…
Pence Says White House, Congress Have Reached Agreement To Avoid Shutdown Without Adding Coronavirus Relief
The Trump administration and Congress have agreed to pass a bill to avoid a government shutdown without tying funding to…
UK Court Gives Nigeria More Time To Appeal In $10 Billion Disput
A London court on Friday gave Nigeria more time to appeal in a $10 billion arbitration case, although the Commercial…
Second $1,200 Stimulus Checks Are Still On The Table Despite Stalemate. Here’s What We Know
Millions of Americans who are eagerly waiting for a second round of $1,200 stimulus checks may be relieved to know…
Nigeria Sells Dollars To Ease Backlog Trapping Foreign Funds
The Nigerian central bank has started to sell dollars to clear a backlog of demand for the greenback that has…
UK Transport And Warehouse Chiefs Warn Of ‘Severe’ Brexit Border Disruption
Britain’s freight and logistics chiefs are demanding “urgent” talks with the UK government over Brexit border disruption, warning concerns are…
Virgin Atlantic Expands Network
Virgin Atlantic has announced that it would be adding five additional services from September 1, 2020 onwards. The airline said…
FX Turnover Spikes 140% At NAFEX Market As CBN Moves To Clear Backlog Of Demand
FX Turnover at the NAFEX market rose 140% to $92.1 million on Thursday as liquidity poured into the official Investor…
Sterling To Weaken By End-Year Before Regaining Lost Ground
Sterling will lose some of its recent gains against a weaker dollar as year-end approaches, hurt by Brexit uncertainty and…
Customs Rates Border Closure Successful
One year after the nation’s borders with her neighbours were shut under the aegis of a joint military and paramilitary…
CBN Forex Policy: Why Manufacturers Are Protesting
The Central Bank of Nigeria (CBN) has removed third parties or middlemen from its Secondary Market Intervention Sales (SMIS) forex…
Forex: CBN Sold $500m, Speculators Set To Count Losses
Central Bank of Nigeria CBN sold about $500 million to foreign investors on the spot and forward market to gauge…
Nigeria: Ogun, Lagos Seek To Take Over Lagos-Ota-Abeokuta Road From FG
The Ogun State Government has approached the Federal Government to request for authorisation to rehabilitate, reconstruct and commercialise the Lagos-Ota-Abeokuta…
Stock Market Sell-Off: Four Market Analysts Explain The Move
Stocks ended sharply lower Thursday with momentum tech shares including Apple leading the sell-off. Four market experts discuss what could…
Twitter Slaps Warning Labels On Trump Tweets That Suggest Voting Twice
Twitter on Thursday slapped warning labels on several of President Donald Trump’s posts, suggesting the messages violated a policy against…
France Unleashes 100 Bln Euro Stimulus To Revive Economy
The French government detailed on Thursday its 100 billion euro ($118.3 billion) stimulus plan to erase the economic impact of…
Taco Bell Removes Mexican Pizza And Other Items As It Finishes Menu Streamlining
Taco Bell announced a second wave of menu cuts after it concluded a review of its food and beverage offerings.…
Nationwide Curfew Now Midnight To 4 Am
The Presidential Taskforce on COVID-19 (PTF) has relaxed the nationwide curfew to run from midnight (12 am) to 4am. The…
Judge Orders Trump Organization To Court For Fight Over NY Attorney General Subpoenas Eyeing Asset Values
A New York judge has ordered lawyers for President Donald Trump’s company and his son Eric to court later in…
These Tech Stocks Were Extremely ‘Overbought’ Ahead Of The Massive Sell-Off
Thursday’s sell-off chopped the top off the recent rally for the market, hitting the red hot tech sector particularly hard.…
Apple Delays iPhone Change That’s Expected To Make It Harder For Facebook And Other Apps To Target Ads
Apple announced on Thursday that a planned change to the iPhone operating system that could impact how Facebook and other…
Operators To Jack Up Seaport Haulage Rates Over Fuel Price Hike
Haulage operators at the ports have said that cargo owners will bear the brunt of the increment of petrol pump…
Mike Santoli’s Market Notes: What To Make Of Thursday’s Tech Stock Rout
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics.…
Markets Are Facing A Potential ‘Minsky Moment’ Collapse
Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows…
Apple Stock On Pace For Worst Day Since Mid-March
Shares of Apple dropped more than 6% Thursday afternoon, putting its stock on pace for its worst day since March…
Nigeria: External Reserves Fall Below Threshold
Nigeria may be leaning against the wind as its foreign exchange reserves fall below the threshold required by the Central…
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point To Further Devaluation
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is…