Zenith Bank Receives $200m From Afreximbank To Maintain FX Trade Flows
The African Export-Import Bank (Afreximbank) has disbursed $200 million to Zenith Bank through its pandemic trade impact mitigation facility (PATIMFA).…
Year: 2020
We’ll Convert Your Cars, Generators To Run On Gas, FG Promises Nigerians
The Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government will from October begin converting the cars…
Dollar Resumes Retreat As Equity Market Mood Lifts, Fed In View
The dollar retreated on Monday against major peers as a wave of M&A deals lifted the mood on global equity…
Pfizer Coronavirus Vaccine Could Be Given To Americans Before End Of The Year
Pfizer’s coronavirus vaccine could be distributed to Americans before the end of the year if found to be safe and…
Nvidia’s Arm Takeover Sparks Concern In The UK, Co-Founder Says It’s ‘A Disaster’
LONDON — Arm co-founder Hermann Hauser has said if would be a disaster if U.S. rival Nvidia buys the British…
Big Tech Needs More Time To Work Off Major Excesses, Top Money Manager Jeff Mills Warns
Big tech’s record win streak may just be on hiatus. Bryn Mawr’s Jeff Mills believes the group will regain its…
Chinese Internet Firms Have Less To Lose Than Telcos When It Comes To U.S. Threats
SINGAPORE — China’s internet companies may be more insulated from a fallout between the U.S. and China than telecommunication equipment…
Airports Concession: Labour Tells FG To Experiment With Unviable Airports
Organised labour has mandated the Nigerian government to start its concession experiment with non-viable airports, rather than the country’s four…
2020 Berlin-Lagos Residency For Artists Begins
The impacts of the COVID-19 pandemic on the global cultural scene notwithstanding, a new phase of the residency exchange, initiated…
FOREX-Pound Haunted By Brexit, Yen Looks To Abe Successor Vote
The British pound flirted with a 1-1/2-month low against the dollar on Monday on fears about no-deal Brexit while investors…
Opec To Meet In The Shadow Of A Stalling Oil Market
It was meant to be the week when Opec nations gathered in Baghdad to celebrate the cartel’s six decades as…
Ghana Raises Cocoa Farmers’ Pay By 21% After Premium Surcharge
Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on…
Destructive Wildfires Tear Through U.S. West Coast, Prompt Widespread Evacuations In Oregon
Dozens of major wildfires are burning through the U.S. West Coast, destroying hundreds of homes and wiping out entire neighborhoods…
Microsoft Wants To Take On Amazon In Connecting Satellites To The Cloud
Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network,…
Lagarde Retreats From Currency War, Accepting Deflation As The Euro Spirals Higher
The European Central Bank has dashed hopes of fresh stimulus to buttress the faltering recovery and to restrain the surging…
Nigeria’s Gasoline Price Deregulation Seen Hitting European Refiners
The demand-side impact of Nigeria’s decision to fully deregulate retail gasoline prices this week may be modest in the near…
Forex Ban: Nigerians Should Not Be Punished For CBN’s Failure To Protect Naira – Adamu
A senior lecturer in the Department of Economics, University of Abuja, Dr Ahmed Adamu, has said that the timing of…
Nigeria Issues Travel Protocol For China, America, Europe-Bound Passengers
The Comptroller-General of Nigeria Immigration Service, Muhammad Babandede, has directed that all intending passengers to China are to obtain COVID-19…
Former Central Bank Official: Japan Should Take A Digital Yen Seriously
Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a…
Dr. Scott Gottlieb Blames Early Virus Testing Failures For Making March Lockdown The Only Choice
The lack of widespread coronavirus testing early in the outbreak in the U.S. will be remembered as the nation’s biggest…
European Markets Close Slightly Higher With Brexit Standoff In Focus; Altice Europe Up 24%
European markets closed slightly higher on Friday as investors monitored tense negotiations between the U.K. and the European Union. TICKER…
Fraternities Blamed For Campus Coronavirus Outbreaks As Universities Struggle To Keep Students In Class
Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully…
Facebook Takes Legal Action After Irish Regulator Threatens To Clamp Down On Transatlantic Data Transfers
LONDON — Facebook on Friday launched legal action against Ireland’s data regulator, in an attempt to halt a preliminary order…
JPMorgan Creates New Team To Trade Shares Of Pre-IPO Giants Including SpaceX, Robinhood And Airbnb
JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes in giant, pre-IPO start-ups from SpaceX to…
Joe Biden And Mike Pence Meet And Elbow Bump At 9/11 Memorial At Ground Zero In New York City, Reflecting Coronavirus Concern
Vice President Mike Pence and former Vice President Joe Biden greeted each other with an elbow bump Friday at the…
Samsung’s Latest $2,000 Folding Phone Actually Works This Time
Samsung bets that the future of phones looks a lot like this: You carry a device in your pocket that…
Stocks Making The Biggest Moves Midday: Peloton, Oracle, Nikola, Domino’s & More
Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter.…
Nigeria: Works Ongoing On Baro Port Access Road – Govt
The Ministry of Works and Housing has affirmed that three contractors are currently working on the access road of Baro…
Forex Ban On Food: MAN Warns Of Rising Inflation, Faults FG On Food Sufficiency
The President, Major General Muhammadu Buhari (retd.), on Thursday directed the Governor of the Central Bank of Nigeria, Godwin Emefiele,…
Naira Plunges, Exchanges For N440/$
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales…