Canadian Dollar Leads G10 Peers As U.S. Stimulus Hopes Rise
The Canadian dollar strengthened against its U.S. counterpart and all the other G10 currencies on Tuesday, as oil prices climbed…
Day: February 2, 2021
UK’s Austerity Guru Shows Better Timing As Banker
George Osborne is perhaps best-known for cutting government spending far too quickly as British finance minister from 2010 to 2016.…
Portugal’s Economy Fell 7.6% In 2020, Biggest Drop Since 1936
LISBON, Feb 2 (Reuters) – Portugal’s economy shrank 7.6% last year, its biggest annual slump since 1936, and the government…
GameStop Slides, Silver Spree Stalls As Retail Traders Run Out Of Road
GameStop shares sank on Tuesday and a silver buying spree led by small investors subsided as the Reddit-driven trading frenzy…
Euro Zone Fourth-Quarter GDP Falls Less Than Expected, Another Fall Seen In First Quarter
The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19…
Young, Confident, Digitally Connected – Meet America’s New Day Traders
James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in…
Wall St. Opens Higher Ahead Of Amazon, Alphabet Earnings; Stimulus In Focus
Wall Street’s main indexes opened higher on Tuesday, building on the previous session’s momentum, as investors anticipated strong results from…
Facebook To Prompt Users About Personalised Ads Ahead Apple’s Privacy Changes
Loss of privacy to social media platforms is at the heart of debates today on communication technologies and how these…
Cybercrooks In Virtual ‘Scramble For Africa’
Africa’s mobile fraud losses will continue to rise above last year’s $4billion to peak at a record $5billion by the…
Nigeria’s Low-Interest Rate Creates Opportunities For These Businesses
Among the challenges in Nigeria’s troubled economy lie some opportunities. Access to cheap capital amid low-interest-rate environment is one of…
Nigeria Has $900Bn Dead Capital In Real Estate, Agric-PWC
Nigeria holds as much as $900 billion worth of dead capital locked up in residential real estate and agricultural land,…
Banks’ Non-Performing Loans Rise To N1.5Tn
The non-performing loans in the banking sector rose by N333bn as of the end of the third quarter of 2020…
CBN Cancels Commodity Exchange Privatisation, Invests N50 Billion
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will…
Foreign Reserves May Dip Below $30Bn –Analysts
As the Central Bank of Nigeria(CBN) puts the current level of the nation’s external reserves at $36.39 billion, analysts have…
UBN, Transcorp Top Trades On NSE As Index Drops 0.13%
Union Bank of Nigeria (UBN) Plc, Transcorp and UBA Plc were the most active stocks yesterday as the stock market…
Investors Gain N1.13 Trillion In January, As Equities Record Early Boom
Despite the prevailing economic downturn and the devastating effect of the COVD-19 crisis, the Nigerian stock market sustained eight consecutive…