Slowing U.S. Job Growth, Rising COVID-19 Raise Doubts On The Recovery’s Strength
U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19…
Year: 2020
U.S. Sanctions Branded ‘Clowning Actions’ As Hong Kong Vows It Won’t Be Intimidated
Beijing’s top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and…
‘Bull Everything’ Rally Leaves Investors Wondering What To Own
With assets of all stripes rallying and the S&P 500 Index .SPX approaching fresh records, investors are facing a dilemma:…
Berkshire Takes Big Writedown For Precision Castparts, Operating Profit Falls
Warren Buffett’s Berkshire Hathaway Inc said on Saturday its quarterly operating profit fell 10%, and it took a big writedown…
Nigeria: Retain Service Chiefs, Increase Army Funds
Ebonyi State Governor David Umahi on Friday advised President Muhammadu Buhari to retain the current armed force service chiefs against…
Nigeria: NDDC Pondei Lists Contracts Allegedly Paid Under ‘Duress’ To Get Budget Approval
The Acting Managing Director of the Niger Delta Development Commission (NDDC), Prof. Kemebradikumo Daniel Pondei, weekend, listed some of the…
Wall Street Week Ahead: Bargain-hunters look to U.S. Real Estate Stocks As S&P Nears Records
As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate…
NPA Warns Shipping Firms Over Empty Containers
Failure by shipping firms to provide holding bays for empty containers is responsible for ports’ congestion, operators have said. However,…
World Bank Approves $114 Mln For Nigeria’s COVID-19 Response
The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday.…
Dollar Rises On Renewed U.S.-Sino Tensions, Jobs Data Eyed
The U.S. dollar rebounded whilst other major currencies weakened on Friday after President Donald Trump took steps to ban transactions…
Nigeria: Reps Summon Adeosun, Ahmed, Farouq Over N1.7tn NSIP Fund
The House of Representatives has summoned a former Minister of Finance, Mrs Kemi Adeosun; the incumbent Minister of Finance, Budget…
Fresh $100 Million Investment To Boost Nigeria’s Shipping Sector
Fresh $100 million investment is under way by the West Africa Container Terminal (WACT), to buoy Nigerian terminal handling capacity…
Nigeria: DMO Lifts Suspension On FGN Savings Bond Offer
Four months after it suspended the Federal Government of Nigeria (FGN Savings Bond) offer, the Debt Management Office (DMO) yesterday…
U.S. Govt Advises Citizens Against Travelling To Nigeria
Amidst the worsening security situation across Nigeria, the U.S. government has advised its citizens not to travel to many states in Nigeria…
Travelex Poised For Reboot As Debt Restructuring Is Completed
The transaction is being arranged through a pre-packaged administration sale of certain UK Travelex entities. Travelex, the airport foreign currency…
How Travelers Are Beating Tough Flight Restrictions
Travel curbs and border restrictions are upending lives around the globe, with some people resorting to chartering planes on their…
White Customers, Black Fabrics
The recent outpouring of support for Black-owned businesses has brought attention to fashion labels that work with African prints. The…
Nigerian Crypto Activity Has Been On The Rise Since April
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months. Nigeria, the biggest source of…
Bad Weather Hurts Efforts To Stop Oil Spill Off Mauritius
Bad weather hindered efforts to contain an oil spill from a bulk carrier off the southeastern coast of Mauritius that’s…
$3.121b Loans: China Won’t Take Over Nigeria
The Chinese Embassy in Nigeria on Thursday said its country’s loans were not designed to take over Nigeria or any…
Last call: Governors Roll Back Hours Instead Of Reopenings As Bars Take Blame For Coronavirus Surge
Desy’s is one of the last bars left standing in Morrisville, North Carolina. Owner Desislava Nikolova made her American dream come true…
Virgin Atlantic Files For Bankruptcy Protection
Virgin Atlantic Airways has filed for Chapter 15 bankruptcy protection in New York, the United States, as the global airline…
Buhari Orders Compulsory Use Of Face Masks Nationwide
President Muhammadu Buhari has directed state governments and the Federal Capital Territory (FCT) to enforce the use of face masks…
Saudi Investor Sues Med-View Over Sale Of Asset
Saudi Arabian investor, Abdulmohsen Al-Thunnayan, has filed a suit at the Federal High Court Lagos, challenging the move by Med-View…
Oil Slips To $45 On Demand Concerns, Set For Weekly Rise
Oil dipped to around $45 a barrel on Friday on worries that a demand recovery would slow due to a…
DMO Clarifies China’s Loans To Nigeria; Economic Viability And Revenue Issues Left Out
The attention of the Debt Management Office (DMO), has been drawn to statements and reports credited to several persons on…
Nigeria’s Cocoa Output To Be Tapered By The Spread Of The Fungal Black Pod Disease
Approximately 40% of Nigeria’s cocoa output may be at risk from the spread of the fungal black pod disease which…
South Korea Leads Gains In Mixed Trading Day For Asia Pacific Stocks
Stocks in Asia Pacific were mixed on Thursday as investors continued to monitor tensions between the U.S. and China. South…
Africa Waits As Virus Sets Back ‘Game-Changer’ Trade Pact
Even before the coronavirus pandemic, intra-African trade was set back by border bureaucracy, long delays at frontiers and countless regulations…
Nigerian Govt Extends COVID-19 Lockdown By 4 Weeks
The Nigerian government, on Thursday, extended the second phase of the COVID-19 eased lockdown by another four weeks. This extension…