Kohl’s Shares Rise On Earnings Beat, Retailer Promises Big Gains Ahead In Activewear, Beauty
Kohl’s shares rose more than 5% Tuesday, after Chief Executive Michelle Gass laid out the retailer’s plans to expand in…
Day: November 17, 2020
Amazon Sellers Fined For Price Gouging Hand Sanitizer Amid Coronavirus Pandemic
Three Amazon sellers have been fined by New York Attorney General Letitia James after they were discovered to be price…
Walmart Sees Stockpiling Again As Covid Cases Rise—But This Time It’s Localized
Walmart CEO Doug McMillon said Tuesday that customers are loading up on items such as toilet paper again as coronavirus…
SoftBank CEO Masayoshi Son Says He’s Hoarding Cash To Prepare For ‘Worst Case Scenario’
SoftBank CEO and founder Masayoshi Son said he aggressively sold assets this year to prepare for a “worst case scenario”…
Biden Picks For Senior White House Staff Include Loyalists, Rising Democratic Stars
WASHINGTON – President-elect Joe Biden on Tuesday announced his first slate of senior White House staff, choosing a mix of…
Trump Lawyer Rudy Giuliani Joins Pa. Court Case Seeking To Deny Biden Victory After Other Attorneys Quit
President Donald Trump’s personal lawyer, Rudy Giuliani, on Tuesday was allowed to join a lawsuit seeking to stop Pennsylvania from…
Amazon Jumps Into The Pharmacy Business With Online Prescription Fulfillment, Free Delivery For Prime Members
Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to…
GOP Sen. Rob Portman: I Joined J&J’s Covid Vaccine Trial To Encourage People To Get Vaccinated
Sen. Rob Portman told CNBC on Tuesday that he’s participating in Johnson & Johnson’s Covid-19 vaccine clinical trial, hoping to…
Dollar Nurses Losses Amid Worries About Second Coronavirus Wave, Biden Transition
The dollar nursed losses on Tuesday as a return of coronavirus restrictions in some U.S. states and worries about a…
FG To Make Forex Available To Oil Marketers For Import To Drive Down Petrol Price
The Federal Government has announced plans to make the foreign exchange available to petroleum product marketers, in order to make…
Sterling Edges Higher As Traders Focus On Drawn-Out Brexit Talks
Sterling rose against a broadly weaker dollar and edged higher against the euro on Tuesday as traders awaited news on…
Euro Climbs On Vaccine Optimism, Offshore Yuan Hits Highest Since June 2018
The euro rose against the dollar on Tuesday, helped by optimism over another coronavirus vaccine, while the Chinese yuan hit…
Oil Prices Rise On Possible OPEC+ Supply Action, Vaccine Hopes
Oil prices edged up on Tuesday helped by expectations that OPEC and its allies would tighten supplies next year and…
Nigeria To Hold Summit To Woo Investors
The summit will discuss issues on Nigerians in Ghana and elsewhere, who are facing harsh conditions. Nigeria is billed to…
What African Central Banks May Do This Month With Interest Rates
Following aggressive interest rate cuts when coronavirus restrictions shut down output, African central bankers meeting for the final time this…
Oil Marketers Advises Against ‘Group Fixing’ Of Petrol Price
The Major Oil Marketers Association of Nigeria (MOMAN), an umbrella body of petroleum products marketers in the country, has advised…
Nigeria: Freight Forwarders Seek Reopening Of Borders
Freight forwarders under the aegis of the Association of Nigerian Licensed Customs Agents have tasked the Federal Government to re-open…
Panic As Naira Further Crumbles To N475/$1 After N5 Loss
The scarcity of forex at the parallel market is beginning to take its toll on the value of the Nigerian…
FG Has Final Decision On 5G Deployment, Says NCC
Despite the hue and cry against the deployment of Fifth Generation (5G) technology in the country, the Nigerian Communications Commission…
Nigeria Benefits From Chinese $15bn Investment In Oil, Gas Sector
Nigeria’s energy sector is about to receive a major boost from huge investment decisions from China, which is eyeing key…
Brazil Launches ‘Pix’ Instant Payments System, Whatsapp To Enter ‘Soon’
Brazil’s central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as…
CBN Policies: Coalition Tasks Apex Bank On Advocacy
Coalition of Civil Society has called on the Central Bank of Nigeria (CBN) to engage Nigerians through adequate advocacy, saying…
Tarka: Growing Reserves Necessary To Sustain Nigeria’s Voice At OPEC
re just about to be commissioned as we speak and they are going to meet a lot of needs for…
Naira Plunges To 475 As Dollar Demand Rises
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a…
Sylva: Like Diesel And Kerosene, Nigerians Will Get Used To Petrol Deregulation
Timipre Sylva, the minister of state for petroleum resources, says Nigerians will get used to the deregulation of the pump…
Canadian Dollar Rallies After Positive COVID-19 Vaccine News
The Canadian dollar strengthened against its U.S. counterpart on Monday as positive results from a COVID-19 vaccine trial boosted investor…
Whatsapp To Provide Peer-To-Peer Payments Services In Brazil Soon: Central Bank Chief
Whatsapp, the messaging service of Facebook Inc will soon enter the Brazilian market providing peer-to-peer (P2P) payment services, central bank…
Nigeria: Recent Violence Has Set Lagos Economy Back By Tens Of Billions Of Naira – Sanwo-Olu
Lagos State Governor, Babajide Sanwo-Olu, is concerned about the impact of the destruction of government and private properties on the…
Nigeria Oil & Gas Market – Growth, Trends, And Forecasts (2020 – 2025)
The Nigeria oil and gas market is expected to grow at a CAGR of less than 5% during the forecast…