Business CBN, BDCs Reinforce Commitment To Exchange Rate Stability October 5, 2020 Ekemini The attempt to see all Bureaux De Change (BDCs) operators as weakest link in fight against illicit financial flow has been faulted by stakeholders. The BDC sector has for decades,…
Business A Record 3 Trillion Euros Is Looking For A Home October 5, 2020 Ekemini Banks rushing to benefit from the European Central Bank’s cheap-loans facility have helped push excess cash in the euro area economy past 3 trillion euros ($3.5 trillion) for the first…
Business Oil Prices Likely To Continue To Struggle In The Fourth Quarter As Demand Lags October 5, 2020 Ekemini Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains by a deep chill in global travel and a still…
Business Local Nigeria Accounts For 80% Capital Flight In West Africa October 5, 2020 Ekemini The United Nations Conference on Trade and Development has released a report decrying the illicit financial flows from Africa, saying Nigeria accounted for 80 per cent capital flight from West…
Business British Pound Is Set To Break Out Stable Range October 5, 2020 Ekemini After weeks of treading water, the pound is gearing up to break out of a tight trading range. The big question is whether it’ll rise beyond $1.30, or fall below…
Local Why Nigeria Must Restructure Or Risk Breakup October 5, 2020 Ekemini The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has advised the Federal Government to give Nigeria a lasting solution to secession agitations and its economic…
Business Raise Your Glass! This Nigerian Company Wants To Change How Locally Made Gin Or ‘Ogogoro’ Is Perceived October 5, 2020 Ekemini Lagos, Nigeria (CNN)Ogogoro is a West African alcoholic drink extracted locally from palm trees often served to guests or consumed in local bars, and at social events in Nigeria. The…
Business Chevron Nigeria To Cut 25% Of Workforce As Oil Demand Wobbles October 5, 2020 Ekemini Nigeria’s Chevron unit said it plans to cut 25% of its workforce to become more efficient and reduce operating costs, the latest sign demand for global oil is wobbling under…
Business West Africa’s New Currency Could Now Be Delayed By Five Years October 3, 2020 Ekemini The arrival of West Africa’s new flagship common currency, the eco, could now be up to five years away after being derailed by the coronavirus pandemic, Ivorian President Alassane Ouattara…
Technology Facebook Rebuts ‘The Social Dilemma,’ A Popular Netflix Documentary October 3, 2020 Ekemini Facebook on Friday offered a rebuttal to the hit Netflix documentary-drama, “The Social Dilemma.” The movie revealed, perhaps for the first time to some viewers, how social networks use algorithms…
Technology Tesla Delivered 139,300 Vehicles In Q3 October 3, 2020 Ekemini Tesla said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles. That sets a new quarterly record for Tesla. In its previous best, Tesla delivered 112,000…
World Pelosi Asks Airlines To Pause Furloughs, Vowing Additional Aid, But No Deal Yet October 3, 2020 Ekemini Airline stocks rallied Friday after House Speaker Nancy Pelosi vowed additional aid for the battered sector but an attempt by a key Democrat to get legislation approved in the chamber…
World Trump ‘Doing Very Well,’ Has Started Remdesivir Therapy, White House Physician Says October 3, 2020 Ekemini President Donald Trump was taken to Walter Reed Medical Center on Friday “out of an abundance of caution” following his coronavirus diagnosis, the White House said. White House physician Sean…
Investing Trader Art Cashin On The Sell-Off And What Trump’s Coronavirus Diagnosis Means For Markets October 3, 2020 Ekemini Wall Street veteran Art Cashin on Friday weighed in on the market impact of President Donald Trump’s coronavirus diagnosis, telling CNBC that travel and leisure stocks were at the most…
Business Ford’s Q3 Vehicle Sales Outperform Industry As Demand Recovers From Coronavirus Lockdowns October 3, 2020 Ekemini Ford said its third-quarter sales were up 27% relative to the previous three months. It also reported its best third quarter sales of pickups since 2005, according to the company.…
Investing Hot IPO Snowflake Gets Another Bearish Analyst Rating October 3, 2020 Ekemini Another Wall Street firm said Thursday that one of the year’s biggest IPO pops went too far. Jefferies initiated coverage of Snowflake with a hold rating and a price target…
Business Local Buhari: It Makes No Sense To Sell Petrol Below Saudi’s N168/Per Litre October 3, 2020 Ekemini President Muhammadu Buhari, on Thursday morning, said it makes no sense for petrol to be cheaper in Nigeria than Saudi Arabia and some countries in Africa. Addressing Nigerians in his…
Breaking World London Is Global Corruption’s Top Offender October 3, 2020 Ekemini In May 2016, David Cameron raised an uncomfortable topic. At an anti-corruption summit in London, the former British prime minister sat alongside Nigeria’s president and other dignitaries and declared that…
Technology Airbnb Seeks To Raise Roughly $3 Billion In IPO October 3, 2020 Ekemini Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering, people familiar with the matter said on Friday, taking advantage of the unexpectedly…
Business Ailing Economy: So, What About The CBN Interventions? October 3, 2020 Ekemini Falling oil price, weakened naira and the coronavirus pandemic have driven Nigeria’s economy to the precipice, thus forcing the country’s apex bank, Central Bank of Nigeria, to intervene in almost…
Technology Twilio Hits New 52-Week High, Closes Up 13% A Day After Upping Forecast October 3, 2020 Ekemini Shares of cloud communications company Twilio closed up 13% Friday, reaching a new 52-week high and bringing the company’s market capitalization to more than $43 billion. The move comes after…
World Coronavirus Vaccine Trial Participants Report Day-Long Exhaustion, Fever And Headaches — But Say It’s Worth It October 3, 2020 Ekemini Luke Hutchison woke up in the middle of the night with chills and a fever after taking the Covid-19 booster shot in Moderna’s vaccine trial. Another coronavirus vaccine trial participant,…
Technology PPMC May Crash Petrol Price October 3, 2020 Ekemini The Pipeline Products Marketing Company (PPMC) may crash the prices of Premium Motor Spirit (PMS) petrol this month, The Nation learnt at the weekend. Speaking with The Nation on phone,…
Business CBN: Contending With Impossible Trinity And Fifth Columnists October 3, 2020 Ekemini In Nigeria, Inflation and unemployment has been on the increase for over a decade number of years. The Nara remains constantly under pressure, while the Gross Domestic Product growth crawls…
Technology Facebook, Google And Twitter CEOs To Testify Before Congress On Oct. 28 October 3, 2020 Ekemini The CEOs of Facebook, Google and Twitter have agreed to testify before the Senate Commerce Committee on Oct. 28. Facebook CEO Mark Zuckerberg, Google and Alphabet CEO Sundar Pichai and…
World House Passes $2.2 Trillion Democratic Coronavirus Stimulus Bill October 3, 2020 Ekemini The House passed a $2.2 trillion Democratic coronavirus stimulus plan on Thursday night even as Democrats and the Trump administration struggle to strike a relief deal. The chamber approved the…
World Almost Half Of UK Workers Relying On Loans, Credit Cards Or Overdrafts Since COVID-19 October 3, 2020 Ekemini More than 40% of workers are now relying on at least one new loan, credit card or overdraft in order to make ends meet, according to new research. Over a…
World Why Fewer Nigerians Are Returning Home’ October 2, 2020 Ekemini Reports have indicated that many more Nigerians would have returned to the country since resumption of international flights on September 5, 2020 if not for restrictive Covid-19 protocols and high…
Africa Why Is Africa Sending Money To Help Rich Countries Develop? October 2, 2020 Ekemini Research shows illicit money from Africa going to developed countries is a far larger than aid coming from them problem. Every year Africa loses more than $88 billion due to…
Business A Major Nigerian Bank Is Expanding To Southern Africa October 2, 2020 Ekemini Access Bank, one of Nigeria’s top-rated financial institutions, has announced that it is set to expand to Southern Africa. The bank is diversifying on the backs of a restructuring exercise,…
