Amazon returns to trillion-dollar market-cap club as shares soar 8%
Amazon (AMZN) handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and pushing shares above $2,000 apiece. The…
Year: 2020
S&P 500 poised to turn negative for the year as losses hold
The S&P 500 was on track to close in negative territory on the year during Friday’s session. Each of the…
Relax! Coronavirus is Less Dangerous Than the Flu, Says Epidemic Expert
The danger posed the Wuhan coronavirus (2019-nCoV) is not as lethal as media reports would have you believe, according to…
FG targets $150 billion revenue from Zero-oil plan
Through the implementation of the zero-oil plan, which comprises of non-oil commodities, the Federal Government (FG) has disclosed that it…
Telecoms operators fined N2.9 billion over infractions
Four major telecommunication companies in Nigeria have been fined for various actions that contravene the rules and regulations of the…
Enyo, Cars45 partner on auto sales, servicing
One of Nigeria’s fuel retailing companies, Enyo Retail and Supply, has strengthened its partnership with Nigeria’s digital vehicle trading platform,…
Only 18.75% Lagos residents are registered taxpayers — LIRS
Lagos Inland Revenue Service (LIRS) has said that only 4.5 million or 18.75 per cent of the 24 million people…
IGR: 36 States, FCT record N986.29bn in 9months
The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated Revenue (IGR) of N986.29 billion…
Volkswagen offers to buy all of Navistar for $2.9 bn
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does…
Why bank customers abandoned 4.5 million current accounts
Bank customers have said that stringent procedures of commercial banks and charges have made them abandon current accounts. According to…
Amazon earnings beat expectations, shares surge
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market…
NNPC swapped N3.04tn crude for refined products
A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the…
CIBN tasks manufacturers on backward integration for rapid growth
The Chartered Institute of Bankers of Nigeria (CIBN), has said the manufacturing sector has huge potential to become the livewire…
BREXIT: UK To Exit EU Today
The United Kingdom will finally have its Brexit at 11 pm on Friday, with Prime Minister Boris Johnson expected to…
How Nigeria gained $1 billion investments in Auto industry within a year
Nigeria’s automobile industry received a boost with over $1billion investments from renowned auto manufacturers in 2019, thereby lifting capacity to…
Nigeria rakes in $813 million from cashew export
Minister of Agriculture, Sabo Nanono, yesterday, disclosed that the cashew sub-sector generated over $813million between 2015 and 2017. Nanono in…
AfDB approves $22 million loan to boost SMEs operations
The board of the African Development Bank (AfDB) has approved the sum of $22 million as loan to help support…
Senate confirms Kingsley Obiora as CBN deputy governor
The Senate, yesterday, confirmed the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria…
Interest rates left at 0.75% amid signs of rebound for UK economy
The Bank of England has voted to leave interest rates on hold amid early signs of a rebound in the…
Huawei ruling will cost us £500m, says BT
Telecoms group faces big bill for stripping out banned kit from 5G broadband network Limiting the use of Huawei equipment…
Nigerian Fintechs take lead in Africa attracting $122 million fund in 2019
The Financial Technology (Fintech) industry in Nigeria has come to stay, as it took the lead in Africa attracting $122…
Lagos state issues N100bn infrastructure bond
The Lagos state government says it has issued a N100 billion series III bond under its N500 billion bond issuance…
Conoravirus: The Hang Seng Is Down By 5% In Two Days As Yuan Slumps
Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty…
Markets Wrap
U.S. equity futures slid with stocks on Thursday as investors mulled mounting evidence that the coronavirus epidemic is disrupting the…
Coronavirus: Nigeria’s N2.64tn proposed oil revenue under threat
Nigeria is facing double jeopardy of falling oil prices and production decline amid fears that coronavirus, which has its roots…
T-bills interest rates surge, subscription declines
The interest rates on treasury bills witnessed an appreciation at the Primary Market Auction, which took place on Wednesday. Stop…
IPhone 11, A Major Booster of Apple’s $91.8 billion Q1 revenue
It is indeed a blissful 2020 for Apple, an American technology company, as its post an impressive 2020 first-quarter result…
‘N2tn pension fund for infrastructure’ll come via bonds’
The N2tn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds,…
Nigeria’s total debt rises to N26.14 trillion
Nigeria’s total debt stock rose to N26.14 trillion as of the end of September 2019. This is disclosed in the latest…
Union Bank to sell UK subsidiary
Union Bank of Nigeria Plc has entered a share sale and purchase agreement to sell its United Kingdom subsidiary, Union…