Nigeria Receives $26.9bn Foreign Support In Six Years — Minister
The funds came from the UN, EU, USA, China, Japan and others. Clement Agba, the Minister of State for Budget…
Day: October 27, 2020
Nigerian Govt Declares Thursday Public Holiday To Mark Islamic Festival
The federal government has declared Thursday, October 29, a public holiday across Nigeria. This was disclosed by the interior minister,…
Sterling Rises As Dollar Weakens; Brexit Talks In Focus
Sterling rose 0.4% on Tuesday afternoon on a weak U.S. dollar, while rising hopes of a trade deal between the…
Dollar Dips After Previous Gains Amid COVID-19, Election Uncertainty
The U.S. dollar slipped on Tuesday as investors took some profits after the previous session’s gains that also saw a…
Morgan Stanley Says It’s Time To Go ‘All-In’ On Emerging Market Currencies
LONDON — It is time for investors to position for a year-end rally in emerging market currencies and sovereign credit, Morgan…
Nigerian Govt Announces Committee To Create Jobs As Nationwide Rampage Continues
The National Executive Council (NEC) has set up a committee charged with addressing unemployment and national security in the country.…
Canadian Dollar Strengthens As Global Risk Aversion Subsides
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as stocks and oil prices rose, with the currency rebounding…
Investors Blame Government For Slow Capital Market Development
Capital market investors have blamed the government for the slow pace of the development of the nation’s capital market. The…
Pound Traders See Gains Before U.S. Vote As Brexit Still Elusive
The pound looks poised for gains ahead of U.S elections, yet whether it can maintain momentum after the vote is…
Shippers’ Council Seeks Waiver Of Demurrage For Importers
Following clearing agents outcry against the imposition of demurrage on cargoes that were trapped at the ports during the EndSARS…
JPMorgan Creates New Unit For Blockchain Projects, Says The Technology Is Close To Making Money
After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: making…
Alphabet, Facebook And Other Tech Giants Could Benefit From Surprise Ad Rebound In Q3, Analysts Predict
A surprisingly fast recovery for the advertising market could help tech company earnings later this week. Analysts expect Facebook, Twitter,…
Shopify Will Partner With TikTok To Woo More Merchants
Canadian e-commerce company Shopify said on Tuesday it will partner with TikTok to help its one million-plus merchants more easily…
Pfizer’s Late-Stage Coronavirus Vaccine Trial Is Near Complete Enrollment With 42,000 Volunteers
Pfizer’s late-stage coronavirus vaccine trial has enrolled more than 42,000 volunteers, the company announced Tuesday when it released a mixed…
SpaceX’s Starlink Satellite Internet Service Is Priced At $99 Per Month, According To E-mail
SpaceX is expanding the beta test of its Starlink satellite internet service, reaching out via email on Monday to people…
Coronavirus Antibodies Decline After Infection, Study Finds, Raising Questions About Herd Immunity
LONDON — Antibodies against the coronavirus fall as people recover from the disease, according to the findings of a major…
Looks Like A ‘Double Top’ In The S&P 500, Investor Mark Mobius Warns
The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors,…
Trump Must Remain The Defendant In Rape Defamation Claim Case Filed By E. Jean Carroll, Judge Rules
A federal judge on Tuesday ruled that President Donald Trump must remain a defendant in a lawsuit where he is…
Millions Poised To Lose Unemployment Benefits In ‘Enormous Cliff’ At Year’s End
Millions of jobless Americans are poised to lose their unemployment benefits at the end of the year without action from…
Merck Raises Annual Profit Outlook As Keytruda Drives Profit Beat
Merck posted a quarterly profit that beat estimates on Tuesday and raised its adjusted earnings forecast for the full year,…
AMD To Buy Chip Peer Xilinx For $35 Billion In Data Center Push
Semiconductor designer Advanced Micro Devices on Tuesday said it has agreed to buy Xilinx in a $35 billion all-stock deal…
Amazon Is Hiring 100,000 Seasonal Staff For The Holidays
Amazon said Tuesday it’s hiring 100,000 seasonal employees to assist with increased demand over the holiday season. The employees will…
Here Are The New Income Tax Brackets For 2021
We still have two months left in 2020, but the IRS has already released a breakdown of next year’s marginal…
Home Prices In August See Biggest Gains In More Than Two Years, S&P Case Shiller Says
Strong demand and very limited supply of homes have caused home price gains to accelerate dramatically. Prices beat expectations, rising…
Stocks Making The Biggest Moves In The Premarket: Xilinx, Merck, Caterpillar, 3M & More
Xilinx (XLNX) – The chipmaker agreed to be bought by Advanced Micro Devices (AMD) for $35 billion in stock, a…
A Lack Of Common Travel Protocols Could Cost The World Trillions Of Dollars, Dubai Airports CEO Says
Countries have not yet come to a consensus on how to safely restart travel amid the coronavirus crisis, and this…
‘Perfect Storm’: How Nigeria’s Peaceful Police Protests Turned Violent
Tears fill Ephraim Osinboyejo’s eyes as he recalls the idealism that drove thousands of Nigerians like him into the streets…
PMI’s, Oil & Naira In Focus
The outlook for Nigeria’s economy has been clouded by uncertainty following weeks of youth protests across the country. Although Residents…
‘Oil Industry Still Suffering Significant Damage from Covid-19’
Nigeria’s wholly indigenous oil company, Oando Energy Resources, has said the oil industry will continue to suffer the fallout of…
‘Petrol Subsidy Removal Can Save Nigeria $1bn Yearly’
The United Kingdom (UK)-backed Facility for Oil Sector Transformation (FOSTER) has estimated that Nigeria could earn up to $1 billion…