Nigeria: Border Closure Boosts Rice Sufficiency, Manufacturing, Says FG
The Federal Government on Thursday said the closure of Nigeria’s land borders was good for the economy as the country…
Day: October 16, 2020
The Turkish Lira Is Getting Smoked, Will Crash To New Lows Due To ‘Unorthodox’ Policies, Analysts Say
Turkish policies have become too ‘hard-headed’, says professor Turkey’s embattled currency hit another record low on Thursday, touching 7.95 to…
Protesters March On Nigerian Parliament After Army Threatens To Step In
Hundreds of protesters marched to the gates of Nigeria’s parliament on Thursday, hours after the army said it was ready…
Exclusive: OPEC+ Fears Second Virus Wave Could Lead To Oil Surplus In 2021
OPEC and its allies fear a prolonged second wave of the COVID-19 pandemic and a jump in Libyan output could…
Bankrupt Car Rental Firm Hertz Secures $1.65 Billion In Financing, Shares Soar
Bankrupt car rental company Hertz Global Holdings Inc said on Friday it had lined up $1.65 billion in debtor-in-possession financing,…
Brexit Brinkmanship: Johnson Says Prepare For No-Deal, Cancels Trade Talks
Prime Minister Boris Johnson said on Friday it was now time to prepare for a no-trade deal Brexit unless the…
BioMed Valued At $14.6 Billion In Deal For Sale From One Blackstone Fund To Another
Blackstone Real Estate Partners and co-investors have agreed to sell BioMed Realty for $14.6 billion to a group led by…
Morgan Stanley Dares To Share With Bankers’ Pay
Morgan Stanley is making more, and paying more. Logical as that sounds, it’s also rather daring. Handing over big sums…
Sudan Signs Preliminary Deal With GE To Boost Power Provision
The Sudanese government signed a memorandum of understanding with General Electric GE.N on Thursday aimed at increasing power generation by up…
Exclusive: Second Sovereign Downgrade Wave Coming, Major Nations At Risk – S&P Global
Some of the world’s top economies could see their credit ratings cut or put on downgrade warnings in the coming…
Wall Street Bank Trading Boom Does Little To Assuage Concerns About Lending
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that…
Banking Czar, Jim Ovia Acquires $10.5m Apartments, Guest House For His Sons
Jim Ovia perfected the money attitude while his peers cut their first tooth in banking. He was the enthralling magnate,…
Investors Mobilise For Legal Battle As AgroPark, Again, Postpones Payout To 2021
AgroPark, another agri-investment platform, has left investors spoiling for a legal battle after it sent a letter informing them, for…