Business Fresh Oil Doom For Nigeria As Lockdowns In Europe Crash Oil Prices October 30, 2020 Ekemini Oil prices crash below $40 as Europe imposes lockdown for virus It was another oil doom for Nigeria Thursday as oil prices fell 5-percent, with WTI Crude sliding to $35…
Technology Alphabet Stock Pops 8% As Company Crushes Expectations October 29, 2020 Ekemini Google parent company Alphabet’s stock rose more than 8% in after-hours trading as it crushed expectations for both earnings and revenue in its third-quarter earnings results, showing strong growth in…
Business European Stocks Close Lower As ECB Hints At Further Stimulus; Nokia Down 20% October 29, 2020 Ekemini LONDON — European markets closed slightly lower on Thursday after a choppy trading session, as investors digest new lockdown measures in France and Germany and the European Central Bank’s latest…
Business Gold Slips To 1-Month Low As Dollar Gains Upper Hand October 29, 2020 Ekemini Gold prices fell to a one-month low on Thursday, extending the previous session’s sharp slide as the dollar remained the preferred refuge from risks due to mounting COVID-19 cases ahead…
Business Oil Falls More Than 3%, On Track For Worst Week Since April October 29, 2020 Ekemini Oil prices fell more than 3% on Thursday, extending the previous day’s sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand. Brent crude settled 3.76%…
Business Dollar Holds Ground As Rising Covid-19 Cases Boost Safe-Haven Demand October 29, 2020 Ekemini The dollar held gains against a basket of major currencies on Thursday as escalating coronavirus cases in Europe stoked investor fears that fresh lockdowns would further hit the already fragile…
Business Technology Apple One Subscription Bundles Launch On Friday Starting At $14.95 A Month October 29, 2020 Ekemini Apple will launch its Apple One subscription bundles on Friday, Apple CEO Tim Cook told CNBC on Thursday. Apple One lets people pay for Apple’s premium services with one monthly…
Business Treasury Yields Jump After Better-Than-Expected Economic Data October 29, 2020 Ekemini Treasury yields climbed on Thursday after economic data pointed to a continuing recovery. The yield on the benchmark 10-year Treasury note gained 5 basis point to around 0.836%. While the…
World A New Coronavirus Variant Is Seen Spreading Across Europe, Research Says October 29, 2020 Ekemini LONDON — A variant of the coronavirus that is believed to have originated in Spain has spread across Europe and now accounts for most of the new cases reported in…
Technology Apple Falls As Strong iPad And Mac Sales Fail To Make Up For iPhone Decline October 29, 2020 Ekemini Apple reported fourth-quarter earnings on Thursday that slightly exceeded Wall Street expectations, but the company did not offer investors any guidance for the quarter ending in December. iPhone sales were…
Technology Netflix Raises Prices On Standard And Premium Plans October 29, 2020 Ekemini Netflix on Thursday raised the prices of its standard and premium plans to $13.99 and $17.99 per month, respectively. Prior to Thursday, those plans were priced at $12.99 and $15.99,…
Business Technology Amazon Reports Sales Growth Of 37%, Topping Estimates October 29, 2020 Ekemini Amazon reported better-than-expected third-quarter results after the bell on Thursday, including soaring profits and 37% revenue growth. The stock bounced around in extended trading after Amazon provided a wide guidance…
World Mnuchin Accuses Pelosi Of Pulling A ‘Political Stunt’ As Stimulus Talks Stall October 29, 2020 Ekemini Discussions between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin took on a decidedly less cordial tone Thursday as the Trump administration’s top negotiator accused his counterpart of miscasting…
Technology Facebook Reports A Decline In Users In The U.S. And Canada October 29, 2020 Ekemini Facebook stock remained relatively flat on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings. Earnings: $2.71…
Local #EndSARS: Lagos Offers Scholarships To Children Of Slain Police Officers October 29, 2020 Ekemini The Lagos government says the children of police officers who died during the #EndSARS crisis in the state will be offered scholarships up to the university level. Babajide Sanwo-Olu, governor…
Local Looting: Police ‘Recover 35 Tractors’ In Adamawa, ‘Arrest 184 Suspects’ October 29, 2020 Ekemini Olugbenga Adeyanju, commissioner of police in Adamawa, says 35 tractors have been recovered, while 184 suspects have been arrested over the looting of public and private properties across the state.…
Local Starbucks Earnings Top Estimates As Sales Rebound Quicker Than Expected In U.S., China October 29, 2020 Ekemini Starbucks on Thursday reported that sales in the U.S. and China are recovering from the coronavirus pandemic more quickly than expected, helping global same-store sales shrink just 9%. The global…
Breaking Local Lagos Govt Asks Schools To Reopen After Protests October 29, 2020 Ekemini Private and public schools in Lagos State can reopen from Monday, November 2, 2020. The Commissioner for Education, Mrs Folasade Adefisayo, made this known in a statement on Thursday. The…
Local Court Refuses To Issue Warrant For Diezani’s Arrest October 29, 2020 Ekemini A federal high court in Abuja has refused an application by the Economic and Financial Crimes Commission (EFCC) which sought an order of arrest against Diezani Alison-Madueke, former minister of…
Local “Your Demands Are Ridiculous” – FG Tells ASUU October 29, 2020 Ekemini The federal government has described the demands of the Academic Staff Union of Universities (ASUU) as ridiculous and unreasonable. The union had stated that it would only end the strike…
Local #EndSARS: Wike Pledges N20m Compensation To Each Slain Police Officer October 29, 2020 Ekemini Governor Nyesom Wike of Rivers has announced N20 million compensation each to families of soldiers and policemen allegedly killed by members of the proscribed Indigenous Peoples Organization of Biafra (IPOB)…
World Hackers Stole $2.3M From Trump Reelection Fund October 29, 2020 Ekemini Hackers stole $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump in the key battleground state, the party’s chairman told The…
World ECB Signals December Stimulus Likely Amid European Lockdowns October 29, 2020 Ekemini The European Central Bank gave a strong indication that it will likely boost its emergency bond-buying program to stabilize the euro-area economy after governments imposed a spate of new restrictions…
Local Nigeria’s Economy Too Fragile For A Second Lockdown October 29, 2020 Ekemini In a tweet via his official Twitter account on Thursday, the president said the country’s economy is too fragile to bear another round of lockdown. “Looking at the trends in…
Business Dollar Stabilises As Europe’s New Lockdowns Keep Risk Appetite Subdued; ECB In Focus October 29, 2020 Ekemini The dollar edged up slightly on Thursday and riskier currencies remained subdued, with markets worried about Europe’s second wave of coronavirus infections and cautious ahead of the European Central Bank’s…
World Britain Says It Is Doing Everything It Can To Avoid National Lockdown October 29, 2020 Ekemini Britain will do everything it can to avoid ordering a second national COVID-19 lockdown because it believes it will do more harm than good to the country, a minister said…
Business Local CBN Increases Access To Mortgage Financing October 29, 2020 Ekemini The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages with the Mortgage Refinance Company. It said it now permits…
Business Local Nigeria’s Earnings Threatened As Oil Sheds $2.33/Barrel October 29, 2020 Ekemini Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel. The bulk of Nigeria’s foreign exchange earnings comes from the sale of crude oil…
Business Naira Falls To N465/$1 At Black Market, Gains 0.09% At I&E October 29, 2020 Ekemini After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at the black market. However, this movement was a wrong one…
Business Local Wide Gulf Persists Between CBN, BDC Rates For Naira And Dollar October 29, 2020 Ekemini The Nigerian Naira remains battered by US Dollar, Euro, Sterling The Central Bank of Nigeria exchanges N379 to one US dollar, sustaining a wide gulf between its rate and the…
