Air France-KLM Warns Of Bigger Losses Amid Lockdowns
Air France-KLM AIRF.PA unveiled a 1.05 billion-euro (952.19 million pounds) quarterly operating loss and warned of worse to come as…
Year: 2020
FOREX-Dollar Stabilises, Euro Near 4-Week Low After ECB’s Announcement
The dollar paused its climb on Friday, while the euro wallowed near its four-week low against the greenback after the…
Dangote Delays London Listing, Shores Up Forex Earnings
Aliko Dangote, Africa’s richest person, has again delayed plans to list shares in his cement company on the London Stock…
Will Nigerian Airlines Survive?
Chinedu Eze writes on the likely impact of the recent civil unrest in some states on Nigerian carriers which came…
Dollar Stabilises, Euro Near Four-Week Low After ECB’s Announcement
The dollar paused its climb on Friday, while the euro wallowed near its four-week low against the greenback after the…
Nigeria Imported N2.78tn Manufactured Goods In Three Months –NBS
Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures…
Customs Command Generates N15.7b In Nine Months
The Nigeria Customs Service, Kirikiri Lighter Terminal Command, has said that despite the effect of the Covid-19 pandemic and other…
Fed Govt Pledges Support For SIFAX’s New Container Terminal
THE Federal Government has promised to support the vision of the newly-opened container terminal in Lagos by SIFAX Group. SIFAX…
Equities Rally N388b In Three Days
NIGERIAN equities has gained N388 billion so far this week as continuing bargain-hunting amid steady third quarter earnings pushed most…
Rising Against Extortion At Airport
A Nigerian who recently arrived the country from the Nnamdi Azikiwe International Airport, Abuja has petitioned Nigerian Customs Service over…
Sterling Pinned Near $1.29 As Investors Await Fresh Catalysts
Sterling traded in tight ranges on Friday, pinned near the $1.29 mark against the dollar as a lack of news…
Surge In Use Of Algorithms May Hurt Quality Of FX Prices – BIS
The growing use of computer-run algorithms to trade currencies is helping foreign exchange markets function but could undermine the quality…
Nigeria Immigration Warns Officers Against Extortion
The Nigeria Immigration Service (NIS) has warned personnel to avoid extortion and other acts capable of tarnishing its image. The…
Fresh Oil Doom For Nigeria As Lockdowns In Europe Crash Oil Prices
Oil prices crash below $40 as Europe imposes lockdown for virus It was another oil doom for Nigeria Thursday as…
Alphabet Stock Pops 8% As Company Crushes Expectations
Google parent company Alphabet’s stock rose more than 8% in after-hours trading as it crushed expectations for both earnings and…
European Stocks Close Lower As ECB Hints At Further Stimulus; Nokia Down 20%
LONDON — European markets closed slightly lower on Thursday after a choppy trading session, as investors digest new lockdown measures…
Gold Slips To 1-Month Low As Dollar Gains Upper Hand
Gold prices fell to a one-month low on Thursday, extending the previous session’s sharp slide as the dollar remained the…
Oil Falls More Than 3%, On Track For Worst Week Since April
Oil prices fell more than 3% on Thursday, extending the previous day’s sharp decline on the potential impact renewed coronavirus…
Dollar Holds Ground As Rising Covid-19 Cases Boost Safe-Haven Demand
The dollar held gains against a basket of major currencies on Thursday as escalating coronavirus cases in Europe stoked investor…
Apple One Subscription Bundles Launch On Friday Starting At $14.95 A Month
Apple will launch its Apple One subscription bundles on Friday, Apple CEO Tim Cook told CNBC on Thursday. Apple One…
Treasury Yields Jump After Better-Than-Expected Economic Data
Treasury yields climbed on Thursday after economic data pointed to a continuing recovery. The yield on the benchmark 10-year Treasury…
A New Coronavirus Variant Is Seen Spreading Across Europe, Research Says
LONDON — A variant of the coronavirus that is believed to have originated in Spain has spread across Europe and…
Apple Falls As Strong iPad And Mac Sales Fail To Make Up For iPhone Decline
Apple reported fourth-quarter earnings on Thursday that slightly exceeded Wall Street expectations, but the company did not offer investors any…
Netflix Raises Prices On Standard And Premium Plans
Netflix on Thursday raised the prices of its standard and premium plans to $13.99 and $17.99 per month, respectively. Prior…
Amazon Reports Sales Growth Of 37%, Topping Estimates
Amazon reported better-than-expected third-quarter results after the bell on Thursday, including soaring profits and 37% revenue growth. The stock bounced…
Mnuchin Accuses Pelosi Of Pulling A ‘Political Stunt’ As Stimulus Talks Stall
Discussions between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin took on a decidedly less cordial tone Thursday as…
Facebook Reports A Decline In Users In The U.S. And Canada
Facebook stock remained relatively flat on Thursday after the company reported a decrease in users in the U.S. and Canada…
#EndSARS: Lagos Offers Scholarships To Children Of Slain Police Officers
The Lagos government says the children of police officers who died during the #EndSARS crisis in the state will be…
Looting: Police ‘Recover 35 Tractors’ In Adamawa, ‘Arrest 184 Suspects’
Olugbenga Adeyanju, commissioner of police in Adamawa, says 35 tractors have been recovered, while 184 suspects have been arrested over…
Starbucks Earnings Top Estimates As Sales Rebound Quicker Than Expected In U.S., China
Starbucks on Thursday reported that sales in the U.S. and China are recovering from the coronavirus pandemic more quickly than…