Business How Monetary, Fiscal Managers Can Cooperate To Cushion Impact Of Recession September 29, 2020 Ekemini At negative 6.1% gross domestic product (GDP), economic managers have a lot of work to do to save the country from the greatest recession ever. The very high rate of…
Business Sterling Up Over 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit September 29, 2020 Ekemini The British pound rose more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a…
Business Orji: Second Niger Bridge Has Achieved 47% Completion Rate September 29, 2020 Ekemini The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji has disclosed that the ongoing construction of the Second Niger Bridge has achieved a completion rate of…
Business Local Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement September 28, 2020 Ekemini The access, impact and prospects of the intervention funds by the Central Bank of Nigeria (CBN) formed the basis of discussion at a recent webinar organised by the CRC Credit…
Business Local CBN’s Rate Cut Triggers Rush For Equities September 28, 2020 Ekemini Stunned by the decision of the Central Bank of Nigeria (CBN) to cut the benchmark interest rate,bewildered investors dumped fixed-income instruments and rushed to the equities market, pushing equities to…
Business Nigeria’s Main Unions Suspend Planned Strike After Government Talks September 28, 2020 Ekemini Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company, amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favour of new…
Business Our Economy Is In Coma, Needs Urgent Resuscitation – APC Reps Member September 28, 2020 Ekemini Ughelli — The member representing Ughelli North, Ughelli South and Udu federal constituency in the House of Representatives, Hon. Francis Waive has lamented the economic state of the country stressing…
Technology Judge Locks Trump Administration’s Ban On New TikTok Downloads From U.S. App Stores September 28, 2020 Ekemini A judge has temporarily blocked an order from the Trump administration that would have banned TikTok from being downloaded from U.S. app stores. At the end of the day on…
Business OPEC In Trouble As Oil Outlook Worsens September 28, 2020 Ekemini Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire, and some…
Business Dollar Hovers Near Two-Month High Amid Economic, Political Risks September 28, 2020 Ekemini The dollar hovered near a two-month peak against a basket of currencies on Monday as doubts about economic recovery persisted before a barrage of economic data and political developments in…
Local What MPR Cut Means As The Country Enters Recession? September 28, 2020 Ekemini Nigeria unexpectedly cut its Monetary Policy Rate (MPR) by 100 basis points from 12.50% to 11.50% in an attempt to boost the economy by providing cheaper credits. Analysts, who see…
Business Tesla’s $25,000 Electric Car Means Game Over For Gas And Oil September 28, 2020 Ekemini The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day after the much-anticipated event, Tesla shares dropped by nearly 10%. This…
Business Sterling Jumps More Than 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit September 28, 2020 Ekemini The British pound soared more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with the European Union by October or at least avoid a…
World Positive Covid-19 Test Rates Top 25% in some U.S. Midwest States September 28, 2020 Ekemini The number of tests coming back positive for Covid-19 is topping 25% in several states in the U.S. Midwest as cases and hospitalizations also surge in the region, according to…
Business Brexit: EU Citizens In UK Could Be Shut Out Of Vital Services September 28, 2020 Ekemini Thousands of EU nationals could face problems accessing essential services because the government is refusing to issue physical proof of their right to live in the UK. The settlement scheme…
Local Osinbajo: We Will Soon Reopen The Land Borders September 28, 2020 Ekemini In October 2019, President Muhammadu Buhari ordered the closure of land borders to check smuggling goods and arms into the country after a partial closure of the Seme border in…
World Fewer Than 10% Of Americans Show Signs Of Past Coronavirus Infection, Study Finds September 28, 2020 Ekemini Fewer than 1 in 10 Americans showed signs of a prior coronavirus infection as of late July, suggesting that the “vast majority” of the population remains susceptible to the virus,…
Business Assessing Contributions Of Bureau De Change In Foreign Exchange Stability September 28, 2020 Ekemini The Bureaux De Change Operators (BDCS) sector has for decades, remained a critical component of the Nigerian financial market playing pivotal role in exchange rate stability and job creation. The…
Business U.S. Sanctions On Chipmaker SMIC Hit At The Very Heart Of China’s Tech Ambitions September 28, 2020 Ekemini GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move that threatens Beijing’s push to become more self-reliant in one…
Business Local Nigeria’s Growing Inflation Rate September 28, 2020 Ekemini The current rate of inflation in Nigeria, according to the National Bureau of Statistics, rose to 13.22 per cent in August 2020, highest in 29 months, since March 2018. This…
Business Dow Futures Surge More Than 300 Points Following A 4-Week Losing Streak September 28, 2020 Ekemini Stock futures jumped in early trading on Monday following a four-week losing streak on Wall Street. Futures on the Dow Jones Industrial Average pointed to an opening gain of more…
Local NLC Vows To Shut Down Airports, Banks, Others From Monday September 28, 2020 Ekemini The Organised Labour in Lagos State has said all sectors would be shut from Monday. He said airports, banks, and offices would not be allowed to function. Deputy Vice President,…
Business Local FMDQ Turnover Sheds N4.5tn In August September 28, 2020 Ekemini Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced their stakes to the tune of N4.46trillion, representing a 23.8…
Business ECB’s Visco Says Euro’s Strength Is A Worry September 28, 2020 Ekemini A recent strengthening in the euro’s exchange rate is a worry and will warrant a reaction from the European Central Bank if it drags inflation farther away from its goal,…
Business Productions From Ogbele Marginal Field Hit 19m Barrels, 90bscf Of Gas September 28, 2020 Ekemini Ogbele marginal field, located in oil mining lease (OML) 54, in Rivers State, is Nigeria’s first marginal fields to produce oil and gas in 2005. It is also the first…
Business New York Times: Trump Paid No Income Taxes In 10 Of Past 15 Years Beginning In 2000 September 28, 2020 Ekemini Washington (CNN)Donald Trump paid no income taxes whatsoever in 10 of the past 15 years beginning in 2000 because he reported losing significantly more than he made, according to an…
World Coronavirus Live Updates: Positivity Rate Tops 25% In Some Midwest States; Small Businesses Create Succession Plans September 28, 2020 Ekemini New confirmed cases of the coronavirus are rising by at least 5% in more than half of U.S. states, as of Sunday, according to a CNBC analysis of Johns Hopkins…
Technology Amazon Prime Day Set For Oct 13 And 14 After Coronavirus Delayed Original Summer Date September 28, 2020 Ekemini Amazon has finally set a date for this year’s Prime Day after months of coronavirus-related delays. Prime Day will once again run two days this year, with discounts kicking off…
Business Treasury Yields Higher As Investors Monitor Coronavirus, Political Developments September 28, 2020 Ekemini U.S. government debt prices were lower on Monday as investors monitored rising coronavirus cases and political developments. The yield on the benchmark 10-year Treasury note rose to 0.66%, while the…
Technology How Tesla, GM And Others Aim To Fix Electric Vehicle Range Anxiety September 26, 2020 Ekemini The popularity and success of Tesla has proven there is demand for electric cars. Automakers are investing billions into an electric-powered future. Last year, 143 new EV’s launched around the…
