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…
Year: 2020
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…
CBN Okays N200b Housing Loan For Low Income Earners
The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family…
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…
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,…
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.…
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),…
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…
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…
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…
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…
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…
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…
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…
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…
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…
FG To Create Crime Proceeds Recovery Agency
The Federal Government has approved the Proceeds of Crime Recovery and Management Agency Bill. Attorney…
OPEC+ Compliance In August Seen At 101% – Two Sources
Compliance with oil production cuts in August among OPEC+ members was seen at around 101%,…
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…
Tax-Free Airport Sales To End In January
The UK government is set to end tax-free sales at airports, ports and Eurostar stations…
The Structural Origins Of Rising Inflation
Headline inflation accelerated for the twelfth successive month in August to 13.22% y/y from 12.82%…
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,…
FG, Lagos State Stop Barge Operations Along Marina Coastline
The Federal Government, in conjunction with Lagos State, yesterday ordered the stoppage of all barge…
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…
Dollar, Sterling, Euro Batter Naira Again In Parallel Market
The Naira has lost all its gains of two weeks ago against the US dollar…
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…
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…
Debts – FAAN To Quit Servicing Private Airports
Lagos — The Federal Airports Authority of Nigeria (FAAN) may quit its services for some…
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…