China Is Pushing Its Currency Into Africa Through Fintech Partnerships
On September 9, UnionPay International announced a partnership with Interswitch East Africa, the regional business…
Yearly Archives
2020
Bank Of England Warns Of ‘Unusually Uncertain’ Outlook, Reveals Negative Rates…
Markets now pricing in negative rates in the UK sooner, strategist says
LONDON - The Bank of England on Thursday…
CBN Okays N200b Housing Loan For Low Income Earners
The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF).…
Ford’s Making Its Electric F-150 A Serious Work Truck In Bid To Set It Apart From…
DETROIT – Ford Motor plans to differentiate its upcoming all-electric F-150 from expected pickups by Tesla and…
Rent The Runway Overhauls Subscription Plan As Pandemic Reshapes Business
Rent the Runway is overhauling its membership plans, doing away with an unlimited rental option, as consumers…
Moderna Says It Will Begin Developing A Vaccine For Seasonal Flu
Biotech firm Moderna said Thursday it will begin developing a vaccine for the influenza season.
“We are…
CBN Goes Tough, Probes Gaming Companies’ Alleged FX Infraction
Following its earlier decision to place the accounts of some gaming companies under post-no-debit (PND), the…
Delta Increases Frequent Flyer-Backed Debt Sale To $9 Billion
Delta Air Lines is raising $9 billion in a massive debt sale backed by its frequent flyer program, the latest large…
Amazon Invests In Battery Recycling Firm Started By Former Tesla Executive
Amazon, one of the largest consumers of batteries in the world, is investing in battery recycling start-up Redwood…
Why GNC Filed For Bankruptcy Protection Despite Vitamin Sales Boom
For decades GNC has been the one-stop shop for vitamins, muscle-building protein powder packs and practically every…
5 Things To Know Before The Stock Market Opens Thursday
1. Wall Street set to drop with tech stocks under continued pressure
People walk past a business that is closing…
Moderna Expects To Know If Its Coronavirus Vaccine Works By November, CEO Says
Moderna should have enough data from its late-stage trial to know whether its coronavirus vaccine works in…
Europe On High Alert As Coronavirus Cases Rise And Targeted Lockdowns Return
There are growing concerns in Europe at what is being seen as an alarming rise in coronavirus cases, with the…
Dow Futures Drop More Than 200 Points After Fed Signals No Rate Hikes Until 2023
U.S. stock futures were lower early Thursday morning as traders digested the Federal Reserve’s pledge to keep rates…
CDC Director Says Face Masks May Provide More Protection Than Coronavirus Vaccine
Face coverings are “the most powerful public health tool” the nation has against the coronavirus and might even…
Apple’s iOS 14 Brings Big Changes To Your iPhone — Here’s How To Get It
Apple just released iOS 14, its big new software update for iPhones. It offers lots of fresh features, like big…
FG To Create Crime Proceeds Recovery Agency
The Federal Government has approved the Proceeds of Crime Recovery and Management Agency Bill.
Attorney General…
OPEC+ Compliance In August Seen At 101% – Two Sources
Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, two OPEC+ sources told…
African Central Banks May Say They’ve Done What They Can for Now
African central banks meeting in the next two weeks may decide that they’ve done all they can for now to shore up…
Tax-Free Airport Sales To End In January
The UK government is set to end tax-free sales at airports, ports and Eurostar stations from 1 January 2021, in…
The Structural Origins Of Rising Inflation
Headline inflation accelerated for the twelfth successive month in August to 13.22% y/y from 12.82% the previous…
Deregulation: Ideally, Nigerians should be paying N183 per litre for petrol – FG
The federal government has not fully deregulated the petroleum sector and should it do so, Nigerians would be…
FG, Lagos State Stop Barge Operations Along Marina Coastline
The Federal Government, in conjunction with Lagos State, yesterday ordered the stoppage of all barge operations,…
Pound Near Two-Month Lows On Brexit Worries; Bank Of England Eyed
The British pound held within striking distance of a two-month low on Wednesday before a Bank of England decision…
Dollar, Sterling, Euro Batter Naira Again In Parallel Market
The Naira has lost all its gains of two weeks ago against the US dollar and other major currencies and has sunk to…
U.S Reviews Ban On Migrant Visa As Nigeria Meets 90% Requirement
The U.S. government has said that it is reevaluating its ban on some categories of Migrant Visas for Nigerians…
Oil Prices Below $40: What It Means For Nigeria, Local Oil Companies, Banks
The price of Brent, the benchmark of Nigeria’s crude oil has fallen to $39 as bearish factors mount and sentiment…
Debts – FAAN To Quit Servicing Private Airports
Lagos — The Federal Airports Authority of Nigeria (FAAN) may quit its services for some private aerodrome operators…
Yen Hits Two-Week High On Dovish Fed Expectations; Yuan Rallies
The Japanese yen inched higher on Wednesday as traders bet an ultra-accommodative U.S. Federal Reserve would weigh…