Breaking Local Nigeria: Okonjo-Iweala Elected WTO DG October 28, 2020 Ekemini Ngozi Okonjo-Iweala, Nigeria’s nominee for the office of the director-general of the World Trade Organisation, has emerged winner of the highly competitive race. TheCable can report that Okonjo-Iweala was chosen…
Business Yuan’s Rally Under Test After Banks Tweak Daily Reference Rate October 28, 2020 Ekemini The recent strength in China’s currency faces a new hurdle after the nation’s banks abandoned inclusion of a key factor used to calculate the yuan’s daily reference rate. The banks…
Local FG To Build New Airports In Anambra, Benue, Others —Sirika October 28, 2020 Ekemini The Minister of Aviation, Hadi Sirika, said on Tuesday that the Federal Government would construct 10 new airports across the country to boost civil aviation. Sirika stated this when he…
Local Nigerian Govt Announces Payment Of N30,000 To Over 300,000 Artisans October 28, 2020 Ekemini The government says it will grant free registration for 250,000 small businesses. Amidst the rampage across the country by mostly young people, the federal government says the implementation of its…
World USA: New Retirement Bill Has Perks For Seniors, Student Loan Borrowers October 28, 2020 Ekemini A new bipartisan retirement bill has perks for seniors and savers shouldering student debt. The legislation, proposed by House lawmakers on Tuesday, would raise the age at which seniors must…
Business Local Nigeria Receives $26.9bn Foreign Support In Six Years — Minister October 27, 2020 Ekemini The funds came from the UN, EU, USA, China, Japan and others. Clement Agba, the Minister of State for Budget and National Planning, says Nigeria has received $26.94 billion Development…
Local Nigerian Govt Declares Thursday Public Holiday To Mark Islamic Festival October 27, 2020 Ekemini The federal government has declared Thursday, October 29, a public holiday across Nigeria. This was disclosed by the interior minister, Rauf Aregbesola, in a statement by the ministry’s spokesperson, Mohammed…
Business Sterling Rises As Dollar Weakens; Brexit Talks In Focus October 27, 2020 Ekemini Sterling rose 0.4% on Tuesday afternoon on a weak U.S. dollar, while rising hopes of a trade deal between the European Union and Britain helped the currency strengthen against the…
Business Dollar Dips After Previous Gains Amid COVID-19, Election Uncertainty October 27, 2020 Ekemini The U.S. dollar slipped on Tuesday as investors took some profits after the previous session’s gains that also saw a sell-off in equities, while worries about a second coronavirus wave…
Business Morgan Stanley Says It’s Time To Go ‘All-In’ On Emerging Market Currencies October 27, 2020 Ekemini LONDON — It is time for investors to position for a year-end rally in emerging market currencies and sovereign credit, Morgan Stanley analysts have said, citing less time for surprises…
Local Nigerian Govt Announces Committee To Create Jobs As Nationwide Rampage Continues October 27, 2020 Ekemini The National Executive Council (NEC) has set up a committee charged with addressing unemployment and national security in the country. This was part of the council’s resolutions at its meeting…
Business Canadian Dollar Strengthens As Global Risk Aversion Subsides October 27, 2020 Ekemini The Canadian dollar strengthened against its U.S. counterpart on Tuesday as stocks and oil prices rose, with the currency rebounding from a 10-day low the day before when a wave…
Business Investors Blame Government For Slow Capital Market Development October 27, 2020 Ekemini Capital market investors have blamed the government for the slow pace of the development of the nation’s capital market. The experts, who spoke in separate interviews, said the government has…
Business Pound Traders See Gains Before U.S. Vote As Brexit Still Elusive October 27, 2020 Ekemini The pound looks poised for gains ahead of U.S elections, yet whether it can maintain momentum after the vote is still questionable. Option risk reversals show traders are no longer…
Business Local Shippers’ Council Seeks Waiver Of Demurrage For Importers October 27, 2020 Ekemini Following clearing agents outcry against the imposition of demurrage on cargoes that were trapped at the ports during the EndSARS protests, the Shippers Council (NSC), has called on shipping companies…
Technology JPMorgan Creates New Unit For Blockchain Projects, Says The Technology Is Close To Making Money October 27, 2020 Ekemini After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: making money in actual business applications. At JPMorgan Chase, the firm’s…
Technology Alphabet, Facebook And Other Tech Giants Could Benefit From Surprise Ad Rebound In Q3, Analysts Predict October 27, 2020 Ekemini A surprisingly fast recovery for the advertising market could help tech company earnings later this week. Analysts expect Facebook, Twitter, Amazon and Alphabet’s Google, all of which have major advertising…
Technology Shopify Will Partner With TikTok To Woo More Merchants October 27, 2020 Ekemini Canadian e-commerce company Shopify said on Tuesday it will partner with TikTok to help its one million-plus merchants more easily advertise their products on the video-sharing app, as it looks…
World Pfizer’s Late-Stage Coronavirus Vaccine Trial Is Near Complete Enrollment With 42,000 Volunteers October 27, 2020 Ekemini Pfizer’s late-stage coronavirus vaccine trial has enrolled more than 42,000 volunteers, the company announced Tuesday when it released a mixed third-quarter earnings report. It said nearly 36,000 of the volunteers…
Investing SpaceX’s Starlink Satellite Internet Service Is Priced At $99 Per Month, According To E-mail October 27, 2020 Ekemini SpaceX is expanding the beta test of its Starlink satellite internet service, reaching out via email on Monday to people who expressed interest in signing up for the service. Known…
World Coronavirus Antibodies Decline After Infection, Study Finds, Raising Questions About Herd Immunity October 27, 2020 Ekemini LONDON — Antibodies against the coronavirus fall as people recover from the disease, according to the findings of a major U.K. study, potentially dealing a blow to those pushing for…
Business Looks Like A ‘Double Top’ In The S&P 500, Investor Mark Mobius Warns October 27, 2020 Ekemini The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to veteran investor Mark Mobius. A double top is…
World Trump Must Remain The Defendant In Rape Defamation Claim Case Filed By E. Jean Carroll, Judge Rules October 27, 2020 Ekemini A federal judge on Tuesday ruled that President Donald Trump must remain a defendant in a lawsuit where he is accused of defaming the writer E. Jean Carroll after she…
World Millions Poised To Lose Unemployment Benefits In ‘Enormous Cliff’ At Year’s End October 27, 2020 Ekemini Millions of jobless Americans are poised to lose their unemployment benefits at the end of the year without action from Congress to extend temporary aid programs. A federal program paying…
Business Merck Raises Annual Profit Outlook As Keytruda Drives Profit Beat October 27, 2020 Ekemini Merck posted a quarterly profit that beat estimates on Tuesday and raised its adjusted earnings forecast for the full year, as it expects a majority of the blow from the…
Technology AMD To Buy Chip Peer Xilinx For $35 Billion In Data Center Push October 27, 2020 Ekemini Semiconductor designer Advanced Micro Devices on Tuesday said it has agreed to buy Xilinx in a $35 billion all-stock deal that will intensify its battle with Intel in the data…
Technology Amazon Is Hiring 100,000 Seasonal Staff For The Holidays October 27, 2020 Ekemini Amazon said Tuesday it’s hiring 100,000 seasonal employees to assist with increased demand over the holiday season. The employees will help pick, pack and ship customer orders across Amazon’s network…
Business Here Are The New Income Tax Brackets For 2021 October 27, 2020 Ekemini We still have two months left in 2020, but the IRS has already released a breakdown of next year’s marginal income tax rates. Each year, the taxman updates its individual…
Business Home Prices In August See Biggest Gains In More Than Two Years, S&P Case Shiller Says October 27, 2020 Ekemini Strong demand and very limited supply of homes have caused home price gains to accelerate dramatically. Prices beat expectations, rising 5.7% annually in August, up from 4.8% in July, according…
Business Stocks Making The Biggest Moves In The Premarket: Xilinx, Merck, Caterpillar, 3M & More October 27, 2020 Ekemini Xilinx (XLNX) – The chipmaker agreed to be bought by Advanced Micro Devices (AMD) for $35 billion in stock, a deal valued at $143 per share. The deal is expected…
