Foreign Affairs Minister Charges Diplomats To Change Narrative About Nigeria
Minister of Foreign Affairs, Geoffrey Onyema has charged officials of the ministry to change the negative narrative about the country…
Day: May 24, 2021
African Currencies Week Ahead: Kenyan, Ugandan And Zambian Units Seen Under Pressure
NIGERIA – Nigeria’s currency is seen closing range-bound within 408 naira to 412 naira per dollar next week, despite recent…
Pound Steadies Below $1.42, BoE Speakers In Focus
Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes on an…
Africa’s Oil Conference Set To Leave Cape Town For Dubai In 2021
Africa Oil Week, the continent’s annual industry conference, may relocate to Dubai this year from its traditional setting in Cape…
Treasury Yields Dip Slightly To Start The Week
U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at the start of the week.…
John Malone Sees Merged WarnerMedia-Discovery Becoming No. 3 Global Streamer Behind Netflix, Disney+
The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview…
Cramer Is Bullish On Deere Because Of The Big Agricultural Cycle Playing Out
CNBC’s Jim Cramer is bullish on Deere after the company reported strong fiscal second-quarter results last Friday. “Some analysts want to cycle…
Op-ed: Facebook’s Nick Clegg Calls For Bipartisan Approach To Break The Deadlock On Internet Regulation
Around the world, lawmakers are writing the new rules of the internet. In Europe, India, Australia, the UK and elsewhere,…
Fed’s Lael Brainard Pushes Digital Dollar As Central Bank Currency Race Heats Up
Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the…
Here’s How To Get $100,000 In Annual Tax-Free Income During Retirement
t’s a sure bet that no one — regardless of age — enjoys handing over any of their income to…
Bitcoin Rebounds After A Wild Weekend That Took It Below $32,000
The crypto market edged higher Monday after a week of hell during which billions of dollars were wiped off the…
Verizon Offers Free Apple Arcade And Google Play Plus For Select Unlimited Subscribers
Verizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds more bundled content offerings to…
From Driverless Cars To Robotic Warehouses, China Looks To Automation To Solve Population Issues
GUANGZHOU, China — Qin Jiahao has been working at Chinese e-commerce giant JD.com’s logistics operations for around six years. Now a huge amount of his…
There Could Be Another Reason Behind Nvidia’s Stock Split
Nvidia announcing a 4-for-1 stock split on Friday could have some significant ramifications. Just like with Apple a few years ago,…
WarnerMedia Deal Will Hold Back Discovery’s Stock, MoffettNathanson Says In Downgrade
Discovery took a big swing in striking a deal with AT&T to merge with WarnerMedia, but shareholders will have to wait a while…
Wall Street Banks Reveal How To Trade The $60 Trillion ‘Green’ Boom
A number of so-called green and socially-responsible stocks have big potential, according to analysts from three investment banks who picked…
Bernstein Double Upgrades Beyond Meat, Says Buy The Dip On This Reopening Play
It’s time for investors to buy the dip in Beyond Meat to take advantage of a coming rebound, according to Bernstein. The…
Wells Fargo Sees Little Upside For Tesla Shares From Here With Stock Pricing In Big Expectations
Tesla’s stock still looks pricey even after a recent pullback and long-term concerns could limit its upside, according to Wells…
Goldman Starts Coinbase With A Buy Rating And Says The Stock Can Jump More Than 30%
Investors should ride through volatility in the crypto space by buying shares of Coinbase, according to Goldman Sachs. Analyst Will Nance…
Fragile Nigerian GDP Recovery Means Interest Rate Could Stay Put
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Nigeria’s central bank will…
CEE MARKETS-Crown Firms, Other FX Up As Weak Dollar Stays Weak
Central European currencies edged up on Monday, with the Czech crown testing a fresh14-month-and-a-half high against the euro, lifted by…
Pound Pinned Near $1.42, Address By BoE Quartet Awaited
Britain’s pound held in a tight range on Monday, trading just shy of $1.42 as analysts set their eyes on…
Dollar Stuck Near 3-Month Lows, Bitcoin Struggles
The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust…
Econet Founder Strive Masiyiwa Becomes Britain’s First Black Billionaire
Econet founder, Strive Masiyiwa, has been named Britain’s first black billionaire. Masiyiwa, who is based in London, is the only…
Foreign Reserves Down $790m
Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil prices. The foreign reserves stood…
Currency Dealers Warn Against Forex Speculation
The Association of Bureau De Change Operators of Nigeria (ABCON) has attributed the pressure facing the naira at the parallel…
Crypto Recovery Stalls As Miners Eye Exits
Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset…
FX Speculators Walk A Tightrope
Currency speculators, who have in the past week engaged in an aggressive ‘stocking’ of the dollar at a premium in…
Stocks, Bonds, Naira Head South
THERE are indications that last week witnessed bearish sentiments in the trio of stock, fixed income and money markets as…
Banks USSD Debts To Telcos Hit N47 Billion
The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD)…