Nigeria Loses $55 Million Daily To Port Congestion
Widespread congestion at the Nigerian ports is costing the nation about $55 million (about N20.8 billion) per day, going by…
Month: September 2020
Sylva Switches To Gas As Fuel For Official Cars, Urges Others To Follow Suit
The Minister of State for Petroleum Resources, Mr. Timipre Sylva has given up his official vehicles to be remodelled to…
UK Economy Unlikely To Recover Until 2023
The UK economy is unlikely to reach its pre-Covid level until early 2023, according to new forecasts. KPMG’s latest quarterly…
Exclusive: Bipartisan Campaign Aims To Reassure U.S. Voters As Trump Questions Election Integrity
At least a dozen groups are planning a large-scale, bipartisan public relations campaign to counter any attempt by President Donald…
How Much You’ll Need To Save Per Month To Retire With $1 Million On A $50,000 Salary, Broken Down By Age
Automatically saving a percentage of your salary can be one of the easiest ways to fund your retirement. But figuring…
Health Experts Sound The Alarm On A Possible New Coronavirus Wave This Winter
Health experts are concerned about the potential for a new wave of Covid-19 infections over the winter period, identifying several…
Germany Says Russian Dissident Alexei Navalny ‘Without A Doubt’ Poisoned By Novichok Nerve Agent
Germany’s government on Wednesday confirmed via hospital tests that Russian dissident Alexei Navalny was poisoned by a nerve agent belonging…
AMC Shares Spike After Top Theater Chain Says 70% Of Locations Will Be Open This Weekend
Shares of AMC, the largest movie theater chain in the U.S., jumped more than 16% in premarket trading Wednesday after…
Treasury Yields Rise Slightly Amid Mixed Economic Data
Treasury yields climbed slightly on Wednesday after investors digested fresh employment data. The yield on the benchmark 10-year Treasury note…
Macy’s Plans Rollout Of Smaller Stores Away From Malls
Macy’s is betting malls will make it. But only the best malls. And so it’s looking to grow elsewhere. “We…
DraftKings Shares Surge 13% After Michael Jordan Joins Betting Company As Board Advisor
Shares of DraftKings jumped 13% in premarket trading after the company said Michael Jordan is joining the betting company as…
Florida Drops Quest For Coronavirus Testing After Lab Reports Backlog Of 75,000 Test Results
Florida Gov. Ron DeSantis is ordering state health agencies to cut ties with Quest Diagnostics, one of the country’s largest labs,…
Tesla To Sell Up To $5 Billion In Stock Amid Its Incredible Rally
mid Tesla’s incredible rise that has seen shares soar to new highs, the electric auto maker said Tuesday it will…
AMCON Seeks NASS Support In N5 Trillion Debt Recovery
As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly…
Fauci Debunks Theories Of Low CDC Coronavirus Death Toll: ‘There Are 180,000-Plus Deaths’ In U.S.
White House coronavirus advisor Dr. Anthony Fauci debunked online theories promoted by President Donald Trump that the Centers for Disease…
Walmart’s Stock Gets A $24 Billion Boost After Retailer Announces Subscription Service
Walmart+ won’t launch for two weeks, but Wall Street is reacting positively to the retailer’s forthcoming membership program and its…
Amazon Deletes Job Listings For Analysts To Track ‘Labor Organizing Threats’ Following Public Outcry
Amazon was looking to hire two intelligence analysts charged with tracking “labor organizing threats” inside the company, which drew criticism…
NIH Panel Refutes FDA’s Claims Of The Benefits Of Coronavirus Plasma Treatment
A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent…
The U.S. Dollar Could Be In A Decade-Long Decline
The dollar has entered a downward cycle it may not crawl out of for a decade. The dollar has been…
Federal Health Advisors Predict Four Coronavirus Vaccine Trials Backed By U.S. Could Fail
A top group advising U.S. health officials predicted Tuesday that four late-stage coronavirus vaccine trials backed by the United States…
GM CEO Mary Barra To Meet With Ivanka Trump On Wednesday
DETROIT – General Motors CEO Mary Barra is scheduled to meet Wednesday with White House adviser Ivanka Trump at the…
Nigerian Independents Tackle Market Volatility
Since the Federal Government of Nigeria enacted its Local Content Law in 2010, several indigenous operators – Atlas Petroleum International…
Euro Breaks Through $1.20 As Dollar Sell-Off Gathers Pace
The euro broke through the $1.20 mark for the first time since 2018 on Tuesday and the dollar slipped to…
Virgin Atlantic, Eyeing Approval Of Rescue Deal, Restarts More Routes
Virgin Atlantic will resume flying to Delhi, Tel Aviv, Atlanta, Mumbai and Lagos from London in September as travel restrictions…
The Oil Price And Production Paradox
Nigeria’s public finances work well when oil prices are above US$50.00/bbl (better still, above US$60.00/bbl). Though prices are trending in…
Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar,…
Here are Tuesday’s biggest analyst calls of the day: Apple, Zoom, Chipotle, Penn National & more
Here are the biggest calls on Wall Street on Tuesday: BTIG upgraded Zoom to buy from neutral BTIG upgraded the…
Tech Investor Who Got In Early On The Cloud Software Boom Discusses What Happens Next
A View from the Top is a Q&A series exclusively available on CNBC Pro. CNBC reporters will regularly speak with…
Analyst Raves Over Penn Gaming-Barstool, Sees 46% Upside: ‘Don’t Bet Against Portnoy’
Penn National Gaming’s investment in David Portnoy’s Barstool Sports is nothing short of brilliant, pairing one of the largest online…
Samsung’s New $1,999 Folding Phone Launches On Sept. 18
Samsung on Tuesday announced that its new folding phone launches on Sept. 18 for $1,999. It will be sold by…