Analysis: Fear On The Wild Frontier As Riskier Stock Markets Left Trailing
Frontier stocks have trailed bigger emerging markets in recovering from the coronavirus-induced crash as liquidity has dried up and investors…
Day: November 11, 2020
Nigerian Protests: A Once-In-A-Generation Moment For Change
Last month, the protests that gripped Nigeria for weeks reached a bloody peak. On October 20, security forces opened fire…
CBN Accuses #EndSARS ‘Promoters’ Of Terrorism Financing
The newspaper quotes a written address in support of a motion ex parte filed by the CBN saying the funds…
U.S. Prepares For Worst Four Months Of The Pandemic As It Stares Down The ‘Darkest’ Days Yet
Ohio has had an “unprecedented spike” in Covid-19 hospital admissions. ICU beds in Tulsa, Oklahoma, are full. North Dakota’s hospitals…
What You Need To Know About BioNTech — The European Company Behind Pfizer’s Covid-19 Vaccine
LONDON — Before 2020, Germany’s BioNTech was a relatively little-known biotechnology company. That all changed when Covid-19 arrived. On Monday,…
Georgia Will Recount Presidential Election Ballots By Hand As Biden’s Lead Over Trump Grows
Georgia will conduct a statewide recount of ballots cast in the election between President Donald Trump and President-elect Joe Biden,…
Bernard Arnault Is World’s Second Richest Person, Adding Billions As Market Rallies
Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a net worth of more than…
Pound Hits Two-Month Highs Versus Euro As Vaccine Seen As UK Lifeline
Sterling hit its highest level in more than two months versus the euro on Wednesday as investors were optimistic that…
Dollar Gains Back Strength As Vaccine Optimism Wanes
The U.S. dollar rose on Wednesday as optimism about a potential coronavirus vaccine was offset by worries about how the…
Benefits Of CBN’s Rice Intervention
The thrust of the agricultural policy of the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, especially the…
Fed’s Rosengren Says Next 6 Months Will Be ‘Pretty Choppy’ Despite Vaccine News
LONDON — The next six months will remain turbulent as the global economy keeps grappling with the effects of the…
Russia Says Its Coronavirus Vaccine Is 92% Effective, As Battle To Beat Western Drugmakers Heats Up
Russia said Wednesday its coronavirus vaccine is 92% effective at preventing people from getting Covid-19, based on interim trial results.…
China’s Tech Giants Have Lost More Than $280 Billion In Market Value As Regulatory Concerns Mount
SINGAPORE — Shares of China’s top technology giants were battered on Wednesday as regulatory concerns continue to mount. By the…
Coronavirus Live Updates: EU Agrees To Buy 300 Million Pfizer-BioNTech Doses; Russia Touts Its Own Vaccine Data
The Covid vaccine-powered stock market rally looks to be entering its third day, with the Dow Jones Industrial Average set…
Chipotle To Open Its First Digital-Only Restaurant As Online Orders Soar
Chipotle Mexican Grill will open the doors to its first digital-only restaurant on Saturday. Unlike a traditional Chipotle location, it…
Stocks Making The Biggest Moves Premarket: Alibaba, Lyft, Aurora Cannabis, FuboTV, Tencent Music
Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese…
Covid Vaccine Won’t Be An ‘Instant Stimulus’ To The U.S. Economy, Warns Economist
A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support…
Naira Trades Flat Despite 173.1% Jump In Dollar Demand
There was a sharp rise in the demand for the United States Dollar at the Investors and Exporters (I&E) segment…
‘Loan Defaults Worsened In Third Quarter’
Defaults in unsecured loans to household and small businesses during the third quarter worsened and this is expected to continue…
Don’t Relocate, FG Tells Nigerian Traders In Ghana
The federal government has asked Nigerian traders in Ghana not to relocate but exercise more patience adding that they are…
Nigerians In Canada Flay FG For Freezing #EndSARS Protesters’ Account
A group christened the Coalition of Nigerians in Canada (CONIC) has condemned the Federal Government’s decision to freeze the bank…
CBN To Bear 50 Per Cent Risk Of Agric Loans
The Central Bank of Nigeria (CBN) has agreed to bear 50 per cent credit risk participants of the Accelerated Agriculture…
Rising Hunger, Food Inflation: Need For FG, CBN To Rejig Strategy
In their avowed determination to make Nigeria a self-sufficient entity in food production as a way of increasing food security…
This $1 Made-In-Africa Covid-19 Test Kit Could Revolutionize Testing On The Continent
(CNN)For the first time since the Covid-19 outbreak began, Africa may be poised to reshape rapid testing for the virus…
NNPC Remits N1.8 Trillion Into FAAC In 13 Months
The Nigerian National Petroleum Corporation (NNPC) says it remitted N1.8 trillion into the Federation Account Allocation Committee (FAAC) between August…
‘National Carrier Outdated, Signifies Waste Of Resources’
The Federal Government, through the Minister of Aviation, Senator Hadi Sirika, has again reawakened the hitherto sleeping plan to float…
For FX Contrarians, Much Of Dollar Weakness Has Been Priced In
The dollar’s resilience after falling to a two-year low is surprising forecasters who had predicted that a breakthrough on a…
Oil Hits Two-Month High With Vaccine Hope Offsetting Demand Fear
Oil rose to its highest in more than two months in London on optimism that a potential coronavirus vaccine will…
Nigeria’s Diaspora Remittance Inflow To Drop By $2bn In 2020 – World Bank
IN the just concluded week, the World Bank stated that it expects inflow of diaspora remittance to Nigeria to drop…
Weak Dollar, Growing Risk Appetite Vault Some Of Year’s Lagging Emerging Market ETFs
The weak dollar and booming risk appetite in the wake of the U.S. presidential election is adding a tailwind for…