Business Local Nigeria Loses $55 Million Daily To Port Congestion September 2, 2020 Ekemini Widespread congestion at the Nigerian ports is costing the nation about $55 million (about N20.8 billion) per day, going by the latest report by Dynanmar. The Dutch consultancy firm said…
Business Sylva Switches To Gas As Fuel For Official Cars, Urges Others To Follow Suit September 2, 2020 Ekemini The Minister of State for Petroleum Resources, Mr. Timipre Sylva has given up his official vehicles to be remodelled to use gas as fuel instead of petrol. He said the…
Business UK Economy Unlikely To Recover Until 2023 September 2, 2020 Ekemini The UK economy is unlikely to reach its pre-Covid level until early 2023, according to new forecasts. KPMG’s latest quarterly economic outlook forecasts UK GDP will plunge 10.3 per cent…
World Exclusive: Bipartisan Campaign Aims To Reassure U.S. Voters As Trump Questions Election Integrity September 2, 2020 Ekemini At least a dozen groups are planning a large-scale, bipartisan public relations campaign to counter any attempt by President Donald Trump to cast doubt on the integrity of the November…
Investing How Much You’ll Need To Save Per Month To Retire With $1 Million On A $50,000 Salary, Broken Down By Age September 2, 2020 Ekemini Automatically saving a percentage of your salary can be one of the easiest ways to fund your retirement. But figuring out how much your contributions will equal in the future…
World Health Experts Sound The Alarm On A Possible New Coronavirus Wave This Winter September 2, 2020 Ekemini Health experts are concerned about the potential for a new wave of Covid-19 infections over the winter period, identifying several factors that could lead to an increase in the rate…
World Germany Says Russian Dissident Alexei Navalny ‘Without A Doubt’ Poisoned By Novichok Nerve Agent September 2, 2020 Ekemini Germany’s government on Wednesday confirmed via hospital tests that Russian dissident Alexei Navalny was poisoned by a nerve agent belonging to the Novichok group. Toxicology test results from a German…
Business AMC Shares Spike After Top Theater Chain Says 70% Of Locations Will Be Open This Weekend September 2, 2020 Ekemini Shares of AMC, the largest movie theater chain in the U.S., jumped more than 16% in premarket trading Wednesday after the company announced Tuesday that more than 70% of its…
Business Treasury Yields Rise Slightly Amid Mixed Economic Data September 2, 2020 Ekemini Treasury yields climbed slightly on Wednesday after investors digested fresh employment data. The yield on the benchmark 10-year Treasury note rose to 0.6803% while the yield on the 30-year Treasury…
Business Macy’s Plans Rollout Of Smaller Stores Away From Malls September 2, 2020 Ekemini Macy’s is betting malls will make it. But only the best malls. And so it’s looking to grow elsewhere. “We continue to believe that the best malls in the country…
Business DraftKings Shares Surge 13% After Michael Jordan Joins Betting Company As Board Advisor September 2, 2020 Ekemini Shares of DraftKings jumped 13% in premarket trading after the company said Michael Jordan is joining the betting company as a special advisor to the board of directors. Jordan, a…
World Florida Drops Quest For Coronavirus Testing After Lab Reports Backlog Of 75,000 Test Results September 2, 2020 Ekemini Florida Gov. Ron DeSantis is ordering state health agencies to cut ties with Quest Diagnostics, one of the country’s largest labs, after the company failed to report nearly 75,000 coronavirus…
Business Tesla To Sell Up To $5 Billion In Stock Amid Its Incredible Rally September 2, 2020 Ekemini mid Tesla’s incredible rise that has seen shares soar to new highs, the electric auto maker said Tuesday it will sell up to $5 billion in new stock. The additional…
Local AMCON Seeks NASS Support In N5 Trillion Debt Recovery September 2, 2020 Ekemini As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly to support its efforts in recovering the debt of over…
World Fauci Debunks Theories Of Low CDC Coronavirus Death Toll: ‘There Are 180,000-Plus Deaths’ In U.S. September 2, 2020 Ekemini White House coronavirus advisor Dr. Anthony Fauci debunked online theories promoted by President Donald Trump that the Centers for Disease Control and Prevention has changed its guidance for tallying coronavirus…
Business Walmart’s Stock Gets A $24 Billion Boost After Retailer Announces Subscription Service September 2, 2020 Ekemini Walmart+ won’t launch for two weeks, but Wall Street is reacting positively to the retailer’s forthcoming membership program and its perks. Now, investors and industry watchers will wait to see…
Technology Amazon Deletes Job Listings For Analysts To Track ‘Labor Organizing Threats’ Following Public Outcry September 2, 2020 Ekemini Amazon was looking to hire two intelligence analysts charged with tracking “labor organizing threats” inside the company, which drew criticism from activists and news outlets and caused it to take…
World NIH Panel Refutes FDA’s Claims Of The Benefits Of Coronavirus Plasma Treatment September 1, 2020 Ekemini A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent plasma works against the coronavirus, refuting claims made by President…
Investing The U.S. Dollar Could Be In A Decade-Long Decline September 1, 2020 Ekemini The dollar has entered a downward cycle it may not crawl out of for a decade. The dollar has been weakening since spiking in March, and strategists say its downward…
World Federal Health Advisors Predict Four Coronavirus Vaccine Trials Backed By U.S. Could Fail September 1, 2020 Ekemini A top group advising U.S. health officials predicted Tuesday that four late-stage coronavirus vaccine trials backed by the United States could fail to provide positive results. The National Academies of…
Business GM CEO Mary Barra To Meet With Ivanka Trump On Wednesday September 1, 2020 Ekemini DETROIT – General Motors CEO Mary Barra is scheduled to meet Wednesday with White House adviser Ivanka Trump at the automaker’s design and tech center in suburban Detroit. Barra will…
Local Nigerian Independents Tackle Market Volatility September 1, 2020 Ekemini Since the Federal Government of Nigeria enacted its Local Content Law in 2010, several indigenous operators – Atlas Petroleum International and Oranto Petroleum, Shoreline, Aiteo Group, Eroton Exploration & Production…
Local Euro Breaks Through $1.20 As Dollar Sell-Off Gathers Pace September 1, 2020 Ekemini The euro broke through the $1.20 mark for the first time since 2018 on Tuesday and the dollar slipped to a multi-year low as investors bet the Federal Reserve’s policy…
World Virgin Atlantic, Eyeing Approval Of Rescue Deal, Restarts More Routes September 1, 2020 Ekemini Virgin Atlantic will resume flying to Delhi, Tel Aviv, Atlanta, Mumbai and Lagos from London in September as travel restrictions ease, the airline said on Tuesday, as it eyes the…
Business The Oil Price And Production Paradox September 1, 2020 Ekemini 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 that direction the prospect the Democratic Party winning November’s presidential…
Business Local Nigeria Naira Firms 9.7% On Black Market On Plans To Sell FX To Currency Operators September 1, 2020 Ekemini The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar, traders said, citing central bank’s move to resume forex sales…
Investing Here are Tuesday’s biggest analyst calls of the day: Apple, Zoom, Chipotle, Penn National & more September 1, 2020 Ekemini Here are the biggest calls on Wall Street on Tuesday: BTIG upgraded Zoom to buy from neutral BTIG upgraded the business teleconferencing service after its strong second-quarter earnings report and…
Investing Tech Investor Who Got In Early On The Cloud Software Boom Discusses What Happens Next September 1, 2020 Ekemini A View from the Top is a Q&A series exclusively available on CNBC Pro. CNBC reporters will regularly speak with a business leader about decision-making, investing and industry news. The…
Investing Analyst Raves Over Penn Gaming-Barstool, Sees 46% Upside: ‘Don’t Bet Against Portnoy’ September 1, 2020 Ekemini Penn National Gaming’s investment in David Portnoy’s Barstool Sports is nothing short of brilliant, pairing one of the largest online gambling platforms with a devout fanbase and brand, according to…
Technology Samsung’s New $1,999 Folding Phone Launches On Sept. 18 September 1, 2020 Ekemini Samsung on Tuesday announced that its new folding phone launches on Sept. 18 for $1,999. It will be sold by all of the major U.S. carriers including Verizon, AT&T and…
