U.S. Government Begins Two Trials Testing Eli Lilly’s Coronavirus Antibody Drug
The trials, called ACTIV-2 and ACTIV-3, will look at U.S. drugmaker Eli Lilly’s experimental treatment known as LY-CoV555, which is…
Year: 2020
Ford’s Jim Hackett Is Out As CEO, To Be Succeeded By Jim Farley As Restructuring Plan Fails To Reignite Stock
Ford Motor CEO and President Jim Hackett will unexpectedly retire. Hackett, 65, will be succeeded by his heir apparent, Jim…
Gold’s mega rally faces $2,000 hurdle, but for how long?
Gold’s rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above…
Buhari Orders Payment Of Fees For Stranded NDDC Scholars
The director, Corporate Affairs, NDDC, Mr. Charles Odili has disclosed that scholars of the Commission facing hardship abroad over non-remittance…
The $600 Unemployment Boost Is Gone That Leaves Some With Just $5 A Week
Congress didn’t extend a $600-a-week boost to unemployment benefits, which expired July 31. That leaves aid recipients with their typical…
Uncertainty Over OPEC’s Plan To Raise Supply In August
There is uncertainty over the Organisation of Petroleum Exporting Countries (OPEC) and allies’ plan to return supply to the market…
European Stocks Retreat On Weak Earnings; Diageo Down 6.6%
Investors will continue to monitor U.S. fiscal stimulus talks, with Congressional Democrats and the White House on Monday hinting at…
Ports Economic Regulator And Automation Project
For every maritime stakeholder, the mention of world big ports like Shanghai, China and Singapore rings a bell about their…
Turnover In I&E Forex Window Falls By 6% To $937m In July
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell…
Trump Says Nationwide Lockdown Would ‘Ultimately Inflict More Harm Than It Would Prevent’
President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause…
Sterling’s Rally Runs Out Of Steam As Dollar Strengthens
The pound’s month-long rally came to a halt on Monday, as dollar strength pushed sterling back down towards $1.30, even…
As Pandemic Stretches On, Retail Bankruptcies Approach Highest Number In A Decade
2020 is on track to have the highest number of retail bankruptcies in a decade, according to S&P Global Market…
Foreign Investors Understand Our Economic Times
A declaration by the Federal Government, which suggested the other day that the Nigerian economy is resilient enough with self-sufficient…
UK Told To Stop Sending Foreign Aid To Nigeria After Mass Killing Of Christians
More than half of people (53 percent) want British aid to Nigeria made conditional on measures protecting Christians, a new…
Nigeria’s Oil Projects Threatened As IOCs Suffer $27.8bn Loss
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country…
Here’s The Nigerian Who Is Buying Shoprite’s Stake
Shoprite, Africa’s largest food retailer, announced on Monday it is considering selling off its majority share in its Nigerian subsidiary.…
Thai Minister Threatens Facebook With Legal Action Over Restriction Requests
Thailand’s digital minister has threatened legal action against Facebook and accused the social media giant of not complying with government…
U.S. Auto Sales Pandemic Recovery Continues As Toyota Decline Slows
U.S. new vehicle sales in July continued to show signs of recovery from the coronavirus pandemic, as Toyota Motor Corp…
Govs Express Concern Over Nigeria’s Fragile Security, To Meet Buhari
The thirty six state governors Monday expressed concern over the fragile security situation in Nigeria. The governors also resolved to…
Shoprite Lifted By Sales Jump And Potential Nigeria Exit
Shoprite Holdings could become the latest South African retailer to retreat from other African markets after it said on Monday…
Nigeria’s Gross External Reserves: An Historical Perspective
The major objectives of external reserve management in Nigeria are ensuring the preservation of Capital, providing adequate liquidity to meet…
Next Big COVID-19 Treatment May Be Manufactured Antibodies
As the world awaits a COVID-19 vaccine, the next big advance in battling the pandemic could come from a class…
U.S. Manufacturing Activity Near 1-1/2-year High; Construction Spending Extends Drop
U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence…
Checking Rising Incidence Of Unclaimed Dividend In Capital Market
Dividends are the distributable earnings of a company, which are determined by its board of directors. However, when declared, it…
$3.313bn Chinese Loans: Nigeria Pays $461m, Still Owes $3.12bn
Despite paying the sum of $461.89million (about 13.4 per cent ) of the $3.313billion debt (Chinese loans) owed the Peoples…
Nigeria: Eid-El Kabir: Errors Push PoS Failed Payments To 23%
Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS transactions failure rate hit…
Dow Rises 200 Points, Nasdaq Climbs To Record Led By Apple And Microsoft
Stocks rose on Monday, the first trading day of August, as Wall Street tried to build on its four-month winning…
Earnings, Microsoft Boost Wall St. As Investors Await Stimulus
Wall Street’s main indexes rose on Monday as Microsoft’s pursuit of TikTok’s U.S. operations and a clutch of upbeat quarterly…
Treasury Yields Bounce Slightly From Last Week’s Record-Setting Drop
Treasury yields edged higher on Monday following last week’s decline that pushed some of the frond-end rates to record lows.…
Nigeria: With Non-Interest Guidelines, CBN Widens Participation Scope Of Intervention Schemes
For years now and especially since the 2008 global financial meltdown, central banks in many developing and emerging economies, began…