Dollar Set For Worst August In Five Years
The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift…
Year: 2020
TikTok deal to sell U.S. business could be announced as soon as Tuesday
TikTok has chosen a bidder for its U.S., New Zealand and Australian businesses, and it could announce the deal as…
U.S. Treasury Yields Fall Slightly To Start The Week
Treasury yields dipped on Monday morning as traders geared up for the last trading session of the month and looked…
CBN Authorises Payment Service Banks To Sell Forex
The Central Bank of Nigeria (CBN) has authorised Payment Service Banks (PSBs) to sell foreign currencies (forex) realised from inbound…
Second U.S. Shale Boom’s Legacy: Overpriced Deals, Unwanted Assets
Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom,…
Amazon Wins FAA Approval For Prime Air Drone Delivery Fleet
Amazon received federal approval to operate its fleet of Prime Air delivery drones, a milestone that allows it to expand…
California’s Newsom Deploys New Coronavirus Reopening Framework, Most Counties Under Strict Orders
California Gov. Gavin Newsom announced on Friday a new framework for individual counties to reopen, outlining the possibility of non-essential…
Nigeria: Interim Report On Magu False, Says Defence Counsel
Following controversy over the fate of his client, counsel to the suspended Acting Chairman of the Economic and Financial Crimes…
China Warns Czech Senate Speaker Will Pay ‘Heavy Price’ For Taiwan Visit
Czech Senate speaker Milos Vystrcil will “pay a heavy price” for making an official trip to Taiwan and China will…
Nigeria: Tinubu Congratulates Adesina On Re-election As AfDB President
The National Leader of All Progressives Congress, APC, Asiwaju Bola Amhed Tinubu, has felicitated with Nigeria’s former Minister of Agriculture,…
Snowflake CEO Frank Slootman Isn’t Worrying About Hurt Feelings As He Goes For IPO Three-Peat
In an era of founder-led tech companies, Snowflake’s Frank Slootman is a corporate throwback. Slootman, 61, is a professional CEO.…
Buffett Looks To Japan With 5% Stakes In Five Biggest Trading Firms
Berkshire Hathaway Inc (BRKa.N) has bought a 5% stake in each of Japan’s five biggest trading houses, together worth over…
Nigeria: FG Reforms Target World Bank High Ranking
The Federal Government says the Presidential Enabling Business Environment Council (PEBEC) reforms are geared towards enhancing Nigeria’s high ranking in…
Nigerians Chased Into Dubai Desert
Early last week a viral video of Nigerians allegedly chased into the desert of Dubai in the United Arab Emirates,…
Diageo Nigeria Unable To Refinance Loan On Dollar Shortage
Diageo Plc’s Nigeria unit said it’s struggling to refinance a foreign-currency loan and trim costs following a shortage of dollars…
Hurdles Await Foreign Carriers As Flight Resume Sept 5
Foreign airlines jostling for the Nigerian routes might be in for fresh hurdles as the Federal Government has raised the…
Japan, U.S. Defence Chiefs Oppose Bid To Alter Status Of Asian Waters
Japan’s Defence Minister Taro Kono said on Saturday he had agreed with his U.S. counterpart Mark Esper that both countries…
Syndicate That Specialises In Moving Funds Through SIM Card Arrested
Detectives attached to the Nigeria Police Zone 2 Command Headquarters, Onikan, Lagos State have arrested five suspects for allegedly moving…
Apple Suspends Fortnite Maker Epic Games’ App Store Account
Apple on Friday said it suspended Epic Games’ developer account. It follows a temporary restraining order on Monday evening, in…
Nigeria: Pilot In The Crashed Bell Helicopter Confirmed As Chika Prudence Ernest
The pilot of the ill-fated Bell 206 helicopter that crashed in Ikeja, Lagos today, has been identified. He was Chika…
Chadwick Boseman: Black Panther Star Dies Of Cancer Aged 43
US actor Chadwick Boseman, best known for his role in Black Panther, has died of cancer, his family say. The…
U.S. Tech Stocks Are Now Worth More Than The Entire European Stock Market
The dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is…
Nigeria: Why FG Shifted Resumption Of International Flights By One Week
The Federal Government has shifted the opening date of international flights in the country by a week due to logistics…
Pretzel-Maker Utz Readies For Market Debut After Gaining Share During The Pandemic
Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start…
Preparing For New Normal
Globally, airports are presumed to be the point of contact and spread of the coronavirus pandemic. This is because people…
Qatar Airways Refunds $1.2bn To Customers
Qatar Airways said it has paid out over $1.2 billion in refunds to almost 600,000 passengers since March. This, it…
Nigeria Naira Eases 1.3% After Plans To Sell FX To Currency Operators
The Nigerian naira eased 1.3% against the U.S. dollar on the official market on Friday, a day after the central…
Apple Rejects Facebook App That Tells Users That Apple Takes 30% Cut Of In-App Purchases
Apple rejected one of Facebook’s new app updates, according to Reuters. The app tried to inform users that Apple collects…
MGM Resorts Lays Off 18,000 Previously Furloughed Employees
MGM Resorts International said Friday it is sending separation letters to 18,000 previously furloughed employees throughout the United States, making…
TikTok Interim CEO: We Already Have Synergies With Walmart In E-Commerce
Though many saw Walmart as an unusual potential buyer for TikTok, the social media app’s interim CEO Vanessa Pappas said…