How Monetary, Fiscal Managers Can Cooperate To Cushion Impact Of Recession
At negative 6.1% gross domestic product (GDP), economic managers have a lot of work to do to save the country…
Month: September 2020
Sterling Up Over 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit
The British pound rose more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with…
Orji: Second Niger Bridge Has Achieved 47% Completion Rate
The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji has disclosed that the ongoing construction of…
Popoola Wants Role For Credit Bureau In CBN’s Intervention Fund Disbursement
The access, impact and prospects of the intervention funds by the Central Bank of Nigeria (CBN) formed the basis of…
CBN’s Rate Cut Triggers Rush For Equities
Stunned by the decision of the Central Bank of Nigeria (CBN) to cut the benchmark interest rate,bewildered investors dumped fixed-income…
Nigeria’s Main Unions Suspend Planned Strike After Government Talks
Nigeria’s long-awaited oil reform bill would privatise the Nigerian National Petroleum Company, amend changes to deepwater royalties made late last…
Our Economy Is In Coma, Needs Urgent Resuscitation – APC Reps Member
Ughelli — The member representing Ughelli North, Ughelli South and Udu federal constituency in the House of Representatives, Hon. Francis…
Judge Locks Trump Administration’s Ban On New TikTok Downloads From U.S. App Stores
A judge has temporarily blocked an order from the Trump administration that would have banned TikTok from being downloaded from…
OPEC In Trouble As Oil Outlook Worsens
Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow…
Dollar Hovers Near Two-Month High Amid Economic, Political Risks
The dollar hovered near a two-month peak against a basket of currencies on Monday as doubts about economic recovery persisted…
What MPR Cut Means As The Country Enters Recession?
Nigeria unexpectedly cut its Monetary Policy Rate (MPR) by 100 basis points from 12.50% to 11.50% in an attempt to…
Tesla’s $25,000 Electric Car Means Game Over For Gas And Oil
The monumental Tesla Battery Day last week clearly wasn’t as monumental for some as they had expected. The day after…
Sterling Jumps More Than 1% As Traders See Hope Of Avoiding Cliff-Edge Brexit
The British pound soared more than 1% on Monday on hopes that Britain could secure a Brexit trade deal with…
Positive Covid-19 Test Rates Top 25% in some U.S. Midwest States
The number of tests coming back positive for Covid-19 is topping 25% in several states in the U.S. Midwest as…
Brexit: EU Citizens In UK Could Be Shut Out Of Vital Services
Thousands of EU nationals could face problems accessing essential services because the government is refusing to issue physical proof of…
Osinbajo: We Will Soon Reopen The Land Borders
In October 2019, President Muhammadu Buhari ordered the closure of land borders to check smuggling goods and arms into the…
Fewer Than 10% Of Americans Show Signs Of Past Coronavirus Infection, Study Finds
Fewer than 1 in 10 Americans showed signs of a prior coronavirus infection as of late July, suggesting that the…
Assessing Contributions Of Bureau De Change In Foreign Exchange Stability
The Bureaux De Change Operators (BDCS) sector has for decades, remained a critical component of the Nigerian financial market playing…
U.S. Sanctions On Chipmaker SMIC Hit At The Very Heart Of China’s Tech Ambitions
GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move…
Nigeria’s Growing Inflation Rate
The current rate of inflation in Nigeria, according to the National Bureau of Statistics, rose to 13.22 per cent in…
Dow Futures Surge More Than 300 Points Following A 4-Week Losing Streak
Stock futures jumped in early trading on Monday following a four-week losing streak on Wall Street. Futures on the Dow…
NLC Vows To Shut Down Airports, Banks, Others From Monday
The Organised Labour in Lagos State has said all sectors would be shut from Monday. He said airports, banks, and…
FMDQ Turnover Sheds N4.5tn In August
Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced…
ECB’s Visco Says Euro’s Strength Is A Worry
A recent strengthening in the euro’s exchange rate is a worry and will warrant a reaction from the European Central…
Productions From Ogbele Marginal Field Hit 19m Barrels, 90bscf Of Gas
Ogbele marginal field, located in oil mining lease (OML) 54, in Rivers State, is Nigeria’s first marginal fields to produce…
New York Times: Trump Paid No Income Taxes In 10 Of Past 15 Years Beginning In 2000
Washington (CNN)Donald Trump paid no income taxes whatsoever in 10 of the past 15 years beginning in 2000 because he…
Coronavirus Live Updates: Positivity Rate Tops 25% In Some Midwest States; Small Businesses Create Succession Plans
New confirmed cases of the coronavirus are rising by at least 5% in more than half of U.S. states, as…
Amazon Prime Day Set For Oct 13 And 14 After Coronavirus Delayed Original Summer Date
Amazon has finally set a date for this year’s Prime Day after months of coronavirus-related delays. Prime Day will once…
Treasury Yields Higher As Investors Monitor Coronavirus, Political Developments
U.S. government debt prices were lower on Monday as investors monitored rising coronavirus cases and political developments. The yield on…
How Tesla, GM And Others Aim To Fix Electric Vehicle Range Anxiety
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,…