Google Relaxes Remote Work Plan, Will Let 20% Of Employees Telecommute
Google on Wednesday said it now expects 20% of its employees to work from home after its offices reopen later this year. The company, which owns extensive Silicon Valley real…
Two Wall Street Firms Say To Buy The Dip In Peloton After Treadmill Recall
Peloton shares were under pressure on Wednesday after announcing a recall, but Wall Street firms Baird and Stifel said the sell-off was an overreaction. The exercise equipment company recalled its…
Moderna Says Covid Booster Shot Generates Promising Immune Response Against Variants Found In South Africa, Brazil
A booster shot of Moderna’s Covid-19 vaccine generated a promising immune response against the B.1.351 and P.1 variants first identified in South Africa and Brazil, respectively, the company announced Wednesday,…
Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle
Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment maker apologized for not voluntarily recalling both its treadmill…
More than 1 million new $1,400 stimulus checks have been sent. Here’s who got a payment
A new set of $1,400 stimulus checks has been sent, bringing the total number of payments issued to approximately 164 million, or about $386 billion. More than 1.1 million payments…
PayPal beats as revenue grows 31% from last year
PayPal shares rose as much as 4% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had expected. Here’s how the company did: Earnings per…
Bank Of England Preview: Will The BoE Taper QE?
GBP 895bln. As such, given the significant improvement in the UK outlook amid a successful vaccination program and gradual easing of lockdown measures, the focus for this meeting will be…
Inflation, Interest Rates, And The CBN’s Quest To Defend The Naira
A higher debt burden has meant more pressure on an already tenuous government revenue-to-debt service ratio in the country. The Chair of the US Federal Reserve Bank (Fed), Jerome Powell,…
Facebook Relaunches WhatsApp Money Transfers In Brazil
Facebook’s (FB.O) WhatsApp messaging service relaunched on Tuesday its transfer money services between individuals in Brazil, after it was blocked by the central bank nearly one year ago, Chief Executive…
Sterling Steady As Markets Eye ‘Super Thursday’ Status Quo
Sterling ticked up against the dollar on Wednesday as a poll showed Scotland’s main pro-independence party was unlikely to win an outright majority in Thursday’s election, undermining its hopes for…
High-Level Visit To Nigeria Signals Strength And Importance To UK-Nigeria Partnership
The UK’s Minister for Africa, James Duddridge MP, visited Nigeria for high-level discussions with senior members of the Government of Nigeria, civil society and business leaders. From:Foreign, Commonwealth & Development…
Hong Kong Citizens Rush To Buy London Houses After UK Government Opens Doors
The number of people from Hong Kong purchasing homes in the capital has shot up since the UK government announced a new visa welcoming residents from the former British colony,…
Nigeria’s Spending Structure Unsustainable, Budget Head Says
Nigeria’s current trend of spending more money on running the government than on building new infrastructure is unsustainable, the country’s top budget oversight official said. Low revenue collection and high…
MBA Forex Is Illegal, We Warned Nigerians – SEC
The Securities and Exchange Commission has said it warned Nigerians against investing in the now troubled MBA Forex scheme. The Port Harcourt Head of Investigation and Enforcement for SEC, Suzzie…
West African Cocoa Giants Report Progress In Deforestation Fight
Cocoa giants Ivory Coast and Ghana reported progress in goals to end deforestation as they prepare for stricter European Union rules on production standards of the chocolate ingredient. Top grower…
Dollar Struggles To Extend Rally, Traders Eye Major Euro Bulwark
The dollar tried to extend a rally on Wednesday as chatter about the possibility of higher U.S. interest rates and a sell-off in tech stocks soured risk sentiment to the…
Nigeria Beams Searchlight On Vessels From India, Brazil, South Africa
To curtail the import of COVID-19 to Nigeria through the seaports, the Federal Government has begun plans to give special attention to vessels from India, Brazil and South Africa. In…
KLT Customs Collects N7.9b Revenue
Kirikiri Lighter Terminal (KLT) Command of Nigeria Customs Service collected a total of N7,968,865,907 as revenue and N55.7million worth of seizures between January and March 2021. Hammi Swomen, Customs Area…
MPC Meeting: The Hawks Likely To Remain In The Minority
Although it left its benchmark rate of 11.50% and other parameters unchanged, the last meeting of the monetary policy committee (MPC) in March was notable for the split verdict. Three…
U.K. To Offer Fast-Track Immigration For Oscar, Nobel Winners
The U.K. announced a fast-track immigration route for people who have won top awards including Nobel Prizes, Oscars and Golden Globes. Changes to Britain’s “global talent” visa program mean those…
Oil Drives Toward $70 As Sagging U.S. Stockpiles Aid Bull Bets
Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand. Brent neared $70 a barrel and West Texas Intermediate…
DMO Opens Two FG Bonds For Subscription
The Debt Management Office (DMO) has announced the opening of two Federal Government (FGN) savings bonds for subscription at N1000 per unit. According to details obtained from DMO’s Website, investors…
Nigeria Loses $8.8tr To Capital Flight
The House of Representatives has urged the Federal Government to develop an effective mechanism and strategy to prevent the persistent occurrence and address the menace of capital flight in Nigeria.…
Expert Says Nigeria’s Economic Recovery Remains Weak
A financial service corporation, EFG Hermes has described Nigeria’s economic recovery process as fragile as the macroeconomy remains complicated and in need of structural reforms. The corporation stated that the…
EMERGING MARKETS-Currencies Drop On U.S. Rate Hike Hints; India Debt Moves Boost Stocks
Most emerging market currencies eased on Wednesday against a stronger dollar as hints of the potential for higher U.S. interest rates weighed on high-yielding assets, while investors eyed continuing rises…
Low Refining In Africa Triggers Spike In Regional Fuel Imports
Low output from refineries in many African countries continues to raise importation of fuel, despite a projection that oil demand in the continent is recovering steadily with demand likely to…
Dogecoin Fulfills ‘Doge Day’ Goal Of 69 Cents Weeks Later, Surpasses Snapchat, GM In Valuation
The joke cryptocurrency Dogecoin (DOGE) touched a fresh all-time high in the early hours of Wednesday, crossing the much sought-after 69 cent mark. What Happened: DOGE touched $0.6953 minutes before…
CBN: South-East Unwilling To Access Credit Facilities
The Central Bank of Nigeria (CBN) has expressed worry over the show of indifference by those in the South-east in accessing several credit facilities made available by the apex bank.…
Nigeria’s Herder-Farmer Conflict Could Escalate If NLTP Fails – ICG
Nigeria’s herder-farmer conflict could escalate to wider violence if federal and state governments fail to implement the National Livestock Transformation Plan (NLTP), the International Crisis Group (ICG) has warned. In…
Federal Government’s Decision To Devalue Naira Huge Mistake – Thompson
AS Nigerians continue to grapple with harsh economic realities, the Chairman and Chief Executive Officer, CEO, Safe water Energy and Environmental Restoration, SWEER Global, Dr Thaddeaus Thompson, Sunday, said Federal…