FG Considers Blueprint To Reposition Free Trade Zones
Trade Zones – PUNCH AUGUST 05, 2021 BY Amarachi Orjiude The Federal Government has called on stakeholders in the private…
Day: August 5, 2021
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Tech’s Pandemic Boom Is Coming To An End
The Covid boom times are coming to an end for tech companies. After reporting eye-popping growth throughout 2020 as more…
Iran’s Hardline Cleric Ebrahim Raisi Sworn In As President Amid Slew Of Tensions
Iranian cleric Ebrahim Raisi has been sworn in as the Islamic Republic’s new president against the backdrop of challenging negotiations…
Dr Anthony Fauci Warns More Severe Covid Variant Could Emerge As United State Cases Near 100,000
White House chief medical advisor Dr. Anthony Fauci has warned that a more severe Covid variant could emerge as the…
Biden To Aim For 50% EVs By 2030 With Industry Support
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold…
Target To Pay 100% Of College Tuition And Textbooks In Bid To Attract Workers
Target said Wednesday it will offer new perks to woo workers: a debt-free way to get a college degree and…
Stock Futures Rebound As Investors Await More Jobs Data
Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve…
Jobless Filings match estimates while continuing claims tumble below 3 millio
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, the Labor Department reported Thursday. First-time filings…
States Are Implementing New Educational Standards, Signaling The End Of Common Core
America is preparing for a return to school this fall semester, but curriculums might seem a bit different than they…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment benefits, while…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some…
Tesla Chair Denholm Sells Shares Worth More Than $22 Mln
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options,…
Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair and others
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and saying its Covid-19…
Sterling Steady Above $1.39 Before Bank Of England Meeting
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over the outlook for…
Robinhood Retreats After Monster Rally This Week As Sockholders File To Sell 97.9 Million Shares
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The…
Huawei Cloud Ranked World’s 5th Largest LaaS Provider
Huawei Cloud IaaS revenue surged by 202.8 per cent, placing it in the top five list of cloud IaaS providers…
Google’s New Policy Allows Crypto Ads To Be Run Again
Following the enforcement of Google’s new policy set out in its financial products and services section on Aug. 3, the company…
Koo, India’s Microblogging Platform Begins Move To Register In Nigeria
Indian microblogging app, Koo, has disclosed plan to formally register in Nigeria. The app became popular in June when the…
Twitter ban: Nigerians Lose N150.46bn In Two Months
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on…
Federal Executive Council Approves $11.174bn For Construction Of Lagos-Calabar Coastal Rail
The Federal Executive Council (FEC) has approved $11.174 billion for the construction of a standard-gauge coastal railway from Lagos to…
Privatization: Nigeria Aims To Put 36 State Assets In Private Hands
The Bureau of Public Enterprises (BPE), Nigeria’s privatisation agency, intends to sell 36 state-owned assets in 2021. This is according…
Nigeria’s Foreign Reserve Rises By $79.1 Million In July 2021
Nigeria’s foreign reserve closed the month of July 2021 at $33.4 billion, appreciating marginally by $79.1 million compared to $33.32…
‘Investors To Exploit Opportunities In N100b Infrastructure Fund’
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc has stated that its N100 billion Infrastructure Fund…
Federal Government Of Nigeria Appoints Eight Transaction Advisers For $6.2bn Eurobonds
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its…
Markets Are Set For A Correction And Japan Could Be Among The Hardest Hit, Warns Scandinavian Bank
Stock markets are set to see losses ahead, and Japanese stocks could wind up being the hardest hit, warns SEB’s…
Biden To Push For Electric Vehicles To Make Up 40% Or More Of United State Auto Sales By 2030
President Joe Biden will set a new national target for the adoption of electric vehicles on Thursday, calling for them…
European Markets Inch Higher As Investors Watch Earnings, Bank Of England; Adidas Down 5%
European markets inched cautiously higher on Thursday morningas investors digested more corporate earnings and await a key monetary policy decision…
JAIZ Bank’s Profit Grows By 70%
Jaiz Bank Plc has said its profit after tax rose by 70.1 per cent growth to N1.9bn in the first…
SEC, Issuers Parley To Attract More Listings As Index Rises By 0.03%
The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Securities Issuers Forum (SIF)…