Nigeria: CBN’s Interventions Halt Naira Slide
There are indications that stability is returning to the foreign exchange market as the value of the Naira appreciates in…
Year: 2020
China Lands Its First Reusable Spacecraft As State Media Hails It As An ‘Important Breakthrough’
GUANGZHOU, China — China has successfully launched and landed an experimental reusable spacecraft, according to the state-run Xinhua news agency…
Emefiele Rebuilds Investor Confidence, Begins Clearing FX Backlog
Obinna Chima writes about major steps taken by the banking sector regulator to rebuild confidence in Nigeria’s financial market A…
Italy Opens Competition Probe Into Apple, Google And Dropbox’s Cloud Storage Services
Italy’s competition authority announced Monday it’s looking into cloud storage services run by Apple, Dropbox and Google after hearing several…
Africa’s Confirmed COVID-19 Cases Nears 1.3m
The Africa Centres for Disease Control and Prevention (Africa CDC), on Sunday, said the number of coronavirus positive cases has…
Gold Gains As Global Growth Worries Support Demand
Gold edged higher on Monday after weak U.S. data raised concerns over a quick economic rebound from the coronavirus-led slump…
Nigeria: N10.78tr Subsidy, Why FG May Not Reverse New Fuel, Electricity Rates
There were strong indications last night that the Federal Government may not reverse the new fuel pump price regime because…
Payrolls Increase By Nearly 1.4 Million As The Unemployment Rate Tumbles
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued…
Closure Of Hilton Times Square May Be ‘Tip Of The Iceberg’ Of Troubles Facing New York Hotels
This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New…
China’s Driverless Car Upstarts See Robotaxis Scaling Up In 3 Years As Tech Firms Race To Get Ahead
China’s driverless car start-ups expect large-scale commercialization of self-driving taxis in 2023 as the country’s technology giants vie to get…
Nigeria: FG Weakens Power Of EFCC Chairman Creates Director General In New bill
..…Agency’s sec office scrapped, replaced with admin director. A new bill seeking to amend the Economic and Financial Crimes Act…
$9.6b Judgment Debt: Victory In UK Court, A Huge Reliefn
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Friday judgment of a UK Commercial Court suspending…
Dollar Steadies After U.S. Jobs Report, Focus Shifts To ECB Meeting
The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while…
Asia Stocks Mixed; Shares Of SMIC In Hong Kong Plummet As U.S.-China Tech Tensions Rise
SINGAPORE — Asia-Pacific markets were mixed in Monday trade, as investors reacted to rising tech tensions between Washington and Beijing.…
Wineries And Farms Decimated By Coronavirus Are Turning Their Land Into Campsites With Hipcamp
It’s been a devastating year for Alyse Hickman’s small family winery in northern California. Her 15-acre property in the tiny…
Nigeria: CBN Places Ban On Gaming, Sports Betting Company Account
The Central Bank of Nigeria on Friday placed a “Post no debit order” on the account of several gaming and…
Nigerian Vice President Calls For Equitable Vaccine Access By Pauline Bax
Europe should work with African countries to ensure equitable access to an affordable Covid-19 vaccine once it’s available, Nigerian Vice…
Is Britain Ready For A No-Deal Brexit?
As concern about a lack of trade deal heightens, Times writers examine how different sectors could be affected Passports Britons…
CBN Freezes Baba Ijebu, Other Companies’ Bank Accounts As Dollar Scarcity Bites Harder In Nigeria
The move by the apex bank comes months after the Economic and Financial Crimes Commission launched an investigation into the…
Analysts Say These Stocks Are Thriving During The Pandemic And Will Continue To Do Well After
There are a slew of companies that are outperforming through the pandemic and Wall Street analysts said this week that…
European Markets Close Lower As Rebound Runs Out Of Steam; Tech Stocks Lead Losses
European stocks closed lower on Friday as a sell-off in the tech sector continued for a second consecutive trading session.…
Bank Of America Says Sell-Off Has More To Go, But S&P 500 Will Eventually Rebound To 3,630 Preelection
The fast and furious tech equity rout could have further to go in the coming weeks before the market eventually…
Dollar On Track For Largest Weekly Rise In More Than Two Months
The U.S. dollar consolidated gains on Friday but was set for its biggest weekly rise in 2-1/2 months as an…
Gold Is Flat As Positive U.S. Jobs Data Boosts Dollar
Gold was flat on Friday, reversing course as better-than-expected U.S. employment data bolstered the dollar, putting bullion on course for…
Nigeria:‘I Have No Interest In Politics’ — Sanusi Speaks On Life Beyond 2023
Muhammed Sanusi, former emir of Kano, says he has no plan to run for any political office in the country.…
Despite Recent Weakness, Apple Typically Beats The Market Six Months Following A Stock Split
Apple just suffered its worst day since March on Thursday and was down again on Friday. But history shows the…
Cramer Says He’s Worried By ‘Blowups’ In Some Smaller Stocks During Thursday’s Sell-Off
Big losses in some of the most impactful stocks like Apple and Microsoft on Thursday fueled the worst sell-off for…
Sanwo-Olu Suspends Bamidele Balogun For Imposing 5% Levy On Digital Platforms
Governor Babajide Sanwo-Olu of Lagos State has suspended the Executive Secretary of the Lagos State Film and Video Censors Board,…
Oil Drops Nearly 4% To End The Week Lower, Snapping Four-Week Win Streak
Oil prices fell more than 3% on Friday, headed for their biggest weekly decline since June as concern around a…
Int’l Flight Operations Resume In Lagos, Abuja Postponed
Lagos International Airport appears to be ready to receive passengers on commercial flights from abroad today.This is coming after about…