DraftKings Stock Jumps After Reporting Third-Quarter Beat, Surge In Users
Shares of sports betting company DraftKings jumped more than 6% Friday after the company reported better-than-expected third quarter results and…
Day: November 13, 2020
Goldman Sachs Says A Divided U.S. Government Could Boost Asian Currencies
India, Southeast Asia economies will ‘benefit more’ from Covid-19 vaccine: Goldman Sachs SINGAPORE — The U.S. elections will likely result…
Nigeria’s Strength Lies In Export Of Services, Says Awolowoź
The Managing Director and Chief Executive Officer, Nigeria Export Promotion Council, Segun Awolowo, says Nigeria has an advantage over other…
Nigeria Case Against JP Morgan Over OPL 245 Oil Deal To Go To Trial
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion (1.29 billion pounds)…
Maritime Can Earn 30 Times More Revenue Than Oil’
The Maritime sector has been identified as a potent force that has the potenial to drive the Federal Government’s economic…
Airlines’ Financial Status, COVID-19 Losses Stir Controversy
The actual financial status of operating local airlines and how much they lost to the COVID-19 pandemic disruption is a…
‘Nigeria Could Face $20b Loss In Export Revenue’
Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue…
Biden’s Win Boosts The Chinese Yuan, But The Trump Effect Will Be More Lasting
The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and after…
Naira Woes Continues, Crashes To N468/$1 At Black Market
Things are beginning to get worse for the Nigerian Naira at the parallel as it further crashed at the segment…
DoorDash Releases Filing To Go Public, Reports $149 Million In Losses On Revenue Of $1.9 Billion Through September
DoorDash, the leading food delivery app in the U.S., filed its IPO prospectus with the Securities and Exchange Commission on…
Nigeria Won’t Relax COVID-19 Rules During Christmas – Official
Mr Aliyu said that Nigeria is currently worried with the rising cases of COVID-19 pandemic across the globe hence the…
Why Nigeria’s Economy Slowed Down – VP Osinbajo
Vice President Yemi Osinbajo has said lack of functional infrastructure had slowed down the country’s economy over the years. Osinbajo,…
Forex Reserves Decline To $35.63bn, Lowest In Two Months
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from…
Oil Falls On COVID-19 Surge But On Track For Weekly Gain
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due…
FG Set To Reopen Kano, Port Harcourt Airports
The Federal Government is set to reopen the Kano and Port Harcourt International Airports three months after it opened the…
NDIC To Insure Non-Bank Deposits Taking Institutions
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for non-bank deposit…
Australia Scraps Plans To Allow Foreign Students Back
Australia will not allow foreign students to return as Canberra prioritises the return of locals stuck overseas, Prime Minister Scott…
CBN’s FX Intervention Rises By 25% To $1.9bn In One Month
The Central Bank of Nigeria (CBN) intervention across Foreign Exchange (FX) market segments increased in October, with total intervention sales…
Stocks Gaining Over N1trn In One Day Triggers NSE Circuit Breaker
Nigerian Stock Exchange (NSE) market-wide circuit breaker kicked on Thursday, November 12, 2020, at 12:55pm, its first time in four…
Canadian Dollar Hits 1-Week Low As Equity Markets Slide
The Canadian dollar fell for the third straight day against the greenback on Thursday, as surging COVID-19 infections weighed on…
Buhari Urges Investors To Take Advantage Of Nigeria’s Resources For Investment
President Muhammadu Buhari Thursday in Abuja urged international community and investors to take advantage of the country’s diversity in human…
Nigeria Has Ratified Africa’s Historic Free Trade Agreement—But Its Land Borders Remain Closed
The largest world’s largest free trade area since the World Trade Organization has taken one step closer to becoming a…
Investment Opportunities In Nigeria – How & Where To Invest Money
Most people don’t employ savings & investing principles to their life. One has to save and invest to grow their…
Dollar Flat, Euro Bumps Higher As Sentiment See-Saws
The dollar held steady on Thursday as investors were cautious over expectations about a COVID-19 vaccine that is unlikely to…
FG Adopts Alternative Dispute Resolution To Attract Investments
The Federal Government is promoting the adoption of Alternative Dispute Resolution (ADR) and creating the necessary infrastructure to enhance the…
High Cost Of Logistics, Bane Of Exporters – Awolowo
The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo has identified the high cost…
Nigeria Probes Protesters Under Terror-Financing Law
Nigeria is investigating prominent participants in recent protests against police brutality for possible violations of a law against financing terrorism.…
Court Urged To Unfreeze Accounts Of Allege #EndSARS Promoters
A Federal High Court in Abuja has been urged to lift the order it made on November 4 this year…
Nigerian Stocks Surge Most Since 2015, Trigger Circuit Breaker
Nigerian stocks surged the most in more than five years on Thursday and triggered a market-wide circuit breaker for the…
Dollar Dips, Euro Bumps Higher As Sentiment See-Saws
The dollar dipped on Thursday as investors appeared to waver between optimism and caution over expectations about a COVID-19 vaccine…