CBN, BDCs Reinforce Commitment To Exchange Rate Stability
The attempt to see all Bureaux De Change (BDCs) operators as weakest link in fight against illicit financial flow has…
Month: October 2020
A Record 3 Trillion Euros Is Looking For A Home
Banks rushing to benefit from the European Central Bank’s cheap-loans facility have helped push excess cash in the euro area…
Oil Prices Likely To Continue To Struggle In The Fourth Quarter As Demand Lags
Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains…
Nigeria Accounts For 80% Capital Flight In West Africa
The United Nations Conference on Trade and Development has released a report decrying the illicit financial flows from Africa, saying…
British Pound Is Set To Break Out Stable Range
After weeks of treading water, the pound is gearing up to break out of a tight trading range. The big…
Why Nigeria Must Restructure Or Risk Breakup
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has advised the Federal Government to give…
Raise Your Glass! This Nigerian Company Wants To Change How Locally Made Gin Or ‘Ogogoro’ Is Perceived
Lagos, Nigeria (CNN)Ogogoro is a West African alcoholic drink extracted locally from palm trees often served to guests or consumed…
Chevron Nigeria To Cut 25% Of Workforce As Oil Demand Wobbles
Nigeria’s Chevron unit said it plans to cut 25% of its workforce to become more efficient and reduce operating costs,…
West Africa’s New Currency Could Now Be Delayed By Five Years
The arrival of West Africa’s new flagship common currency, the eco, could now be up to five years away after…
Facebook Rebuts ‘The Social Dilemma,’ A Popular Netflix Documentary
Facebook on Friday offered a rebuttal to the hit Netflix documentary-drama, “The Social Dilemma.” The movie revealed, perhaps for the…
Tesla Delivered 139,300 Vehicles In Q3
Tesla said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles. That sets a new quarterly…
Pelosi Asks Airlines To Pause Furloughs, Vowing Additional Aid, But No Deal Yet
Airline stocks rallied Friday after House Speaker Nancy Pelosi vowed additional aid for the battered sector but an attempt by…
Trump ‘Doing Very Well,’ Has Started Remdesivir Therapy, White House Physician Says
President Donald Trump was taken to Walter Reed Medical Center on Friday “out of an abundance of caution” following his…
Trader Art Cashin On The Sell-Off And What Trump’s Coronavirus Diagnosis Means For Markets
Wall Street veteran Art Cashin on Friday weighed in on the market impact of President Donald Trump’s coronavirus diagnosis, telling…
Ford’s Q3 Vehicle Sales Outperform Industry As Demand Recovers From Coronavirus Lockdowns
Ford said its third-quarter sales were up 27% relative to the previous three months. It also reported its best third…
Hot IPO Snowflake Gets Another Bearish Analyst Rating
Another Wall Street firm said Thursday that one of the year’s biggest IPO pops went too far. Jefferies initiated coverage…
Buhari: It Makes No Sense To Sell Petrol Below Saudi’s N168/Per Litre
President Muhammadu Buhari, on Thursday morning, said it makes no sense for petrol to be cheaper in Nigeria than Saudi…
London Is Global Corruption’s Top Offender
In May 2016, David Cameron raised an uncomfortable topic. At an anti-corruption summit in London, the former British prime minister…
Airbnb Seeks To Raise Roughly $3 Billion In IPO
Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering, people familiar with…
Ailing Economy: So, What About The CBN Interventions?
Falling oil price, weakened naira and the coronavirus pandemic have driven Nigeria’s economy to the precipice, thus forcing the country’s…
Twilio Hits New 52-Week High, Closes Up 13% A Day After Upping Forecast
Shares of cloud communications company Twilio closed up 13% Friday, reaching a new 52-week high and bringing the company’s market…
Coronavirus Vaccine Trial Participants Report Day-Long Exhaustion, Fever And Headaches — But Say It’s Worth It
Luke Hutchison woke up in the middle of the night with chills and a fever after taking the Covid-19 booster…
PPMC May Crash Petrol Price
The Pipeline Products Marketing Company (PPMC) may crash the prices of Premium Motor Spirit (PMS) petrol this month, The Nation…
CBN: Contending With Impossible Trinity And Fifth Columnists
In Nigeria, Inflation and unemployment has been on the increase for over a decade number of years. The Nara remains…
Facebook, Google And Twitter CEOs To Testify Before Congress On Oct. 28
The CEOs of Facebook, Google and Twitter have agreed to testify before the Senate Commerce Committee on Oct. 28. Facebook…
House Passes $2.2 Trillion Democratic Coronavirus Stimulus Bill
The House passed a $2.2 trillion Democratic coronavirus stimulus plan on Thursday night even as Democrats and the Trump administration…
Almost Half Of UK Workers Relying On Loans, Credit Cards Or Overdrafts Since COVID-19
More than 40% of workers are now relying on at least one new loan, credit card or overdraft in order…
Why Fewer Nigerians Are Returning Home’
Reports have indicated that many more Nigerians would have returned to the country since resumption of international flights on September…
Why Is Africa Sending Money To Help Rich Countries Develop?
Research shows illicit money from Africa going to developed countries is a far larger than aid coming from them problem.…
A Major Nigerian Bank Is Expanding To Southern Africa
Access Bank, one of Nigeria’s top-rated financial institutions, has announced that it is set to expand to Southern Africa. The…