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Year: 2020

China Is Pushing Its Currency Into Africa Through Fintech Partnerships 
Local

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 of the Nigerian-based Interswitch Group. Under the partnership,…

byEkeminiSeptember 17, 2020
Bank Of England Warns Of ‘Unusually Uncertain’ Outlook, Reveals Negative Rates Under Consideration –
Local

Bank Of England Warns Of ‘Unusually Uncertain’ Outlook, Reveals Negative Rates Under Consideration –

Markets now pricing in negative rates in the UK sooner, strategist says LONDON – The Bank of England on Thursday…

byEkeminiSeptember 17, 2020
CBN Okays N200b Housing Loan For Low Income Earners 
Business

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). The fund…

byEkeminiSeptember 17, 2020
Ford’s Making Its Electric F-150 A Serious Work Truck In Bid To Set It Apart From Tesla And GM Pickups
Business

Ford’s Making Its Electric F-150 A Serious Work Truck In Bid To Set It Apart From Tesla And GM Pickups

DETROIT – Ford Motor plans to differentiate its upcoming all-electric F-150 from expected pickups by Tesla and General Motors by…

byEkeminiSeptember 17, 2020
Rent The Runway Overhauls Subscription Plan As Pandemic Reshapes Business
Business

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 change what they…

byEkeminiSeptember 17, 2020
Moderna Says It Will Begin Developing A Vaccine For Seasonal Flu
World

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 announcing that we…

byEkeminiSeptember 17, 2020
CBN Goes Tough, Probes Gaming Companies’ Alleged FX Infraction
Local

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 Central Bank of Nigeria…

byEkeminiSeptember 17, 2020
Delta Increases Frequent Flyer-Backed Debt Sale To $9 Billion
Business

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…

byEkeminiSeptember 17, 2020
Amazon Invests In Battery Recycling Firm Started By Former Tesla Executive
Business

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 Materials, a…

byEkeminiSeptember 17, 2020
Why GNC Filed For Bankruptcy Protection Despite Vitamin Sales Boom
Business

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 variety of weight-loss…

byEkeminiSeptember 17, 2020
5 Things To Know Before The Stock Market Opens Thursday
Business

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…

byEkeminiSeptember 17, 2020
Moderna Expects To Know If Its Coronavirus Vaccine Works By November, CEO Says
World

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 November, CEO Stephane…

byEkeminiSeptember 17, 2020
Europe On High Alert As Coronavirus Cases Rise And Targeted Lockdowns Return
World

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…

byEkeminiSeptember 17, 2020
Dow Futures Drop More Than 200 Points After Fed Signals No Rate Hikes Until 2023
Business

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 low over…

byEkeminiSeptember 17, 2020
CDC Director Says Face Masks May Provide More Protection Than Coronavirus Vaccine
World

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 provide better…

byEkeminiSeptember 17, 2020
Apple’s iOS 14 Brings Big Changes To Your iPhone — Here’s How To Get It
Technology

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…

byEkeminiSeptember 17, 2020
FG To Create Crime Proceeds Recovery Agency
Local

FG To Create Crime Proceeds Recovery Agency

The Federal Government has approved the Proceeds of Crime Recovery and Management Agency Bill. Attorney General of the Federation and…

byEkeminiSeptember 17, 2020
OPEC+ Compliance In August Seen At 101% – Two Sources
Business

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 Reuters…

byEkeminiSeptember 17, 2020
African Central Banks May Say They’ve Done What They Can for Now
Africa

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…

byEkeminiSeptember 17, 2020
Customs, Importers Lose N110 Billion In 30 Days — Group 
Local

Customs, Importers Lose N110 Billion In 30 Days — Group 

byEkeminiSeptember 17, 2020
Tax-Free Airport Sales To End In January
Local

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…

byEkeminiSeptember 17, 2020
The Structural Origins Of Rising Inflation
Business

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 month. (Our expectation,…

byEkeminiSeptember 17, 2020
Deregulation: Ideally, Nigerians should be paying N183 per litre for petrol – FG
Local

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 paying about…

byEkeminiSeptember 17, 2020
FG, Lagos State Stop Barge Operations Along Marina Coastline
Business

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, which have desecrated the…

byEkeminiSeptember 17, 2020
Pound Near Two-Month Lows On Brexit Worries; Bank Of England Eyed
Business

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 on…

byEkeminiSeptember 17, 2020
Dollar, Sterling, Euro Batter Naira Again In Parallel Market
Business

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…

byEkeminiSeptember 17, 2020
U.S Reviews Ban On Migrant Visa As Nigeria Meets 90% Requirement
World

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 having…

byEkeminiSeptember 17, 2020
Oil Prices Below $40: What It Means For Nigeria, Local Oil Companies, Banks
Business

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…

byEkeminiSeptember 16, 2020
Debts – FAAN To Quit Servicing Private Airports
Business

Debts – FAAN To Quit Servicing Private Airports

Lagos — The Federal Airports Authority of Nigeria (FAAN) may quit its services for some private aerodrome operators over growing…

byEkeminiSeptember 16, 2020
Yen Hits Two-Week High On Dovish Fed Expectations; Yuan Rallies
Business

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 on the U.S.…

byEkeminiSeptember 16, 2020

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