Cargo Haulage Cost Falls By 70% In 1 Month Over Low Import
The cost of cargo haulage from the Lagos ports has dropped by about 70 percent in the last one months,…
Year: 2021
CBN Sets N1m As Application Fee For Payment Service Holding Company Licence
Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday. The guideline requires companies…
BDC’s Damage To Nigeria’s Economy Colossal – Finance Expert
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he described as…
Mixed Reactions Trail CBN’s Hammer On Forex Sales To BDCs
The Central Bank of Nigeria’s (CBN) decision to stop forex sales to Bureau De Change (BDC) operators has continued to…
Wall Street Set To Pull Back After S&P Hits Record High
Wall Street’s main indexes were set to open lower on Wednesday following a record close for the S&P 500, while…
U.S. Crime App Citizen Rolls Out First Paid Tool, Connecting Users To Safety Agents
U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when…
U.S. Private Payrolls Growth Slows In July- ADP
U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials. Private…
Brazil Retailers Hunt For M&A Deals To Compete For E-Commerce Dominance
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions…
New York Times Digital Subscription Growth Slows To Lowest In Three Years
The New York Times Co’s (NYT.N) quarterly digital subscription growth slowed to its lowest in three years as the news cycle cooled…
Facing Calls To Quit, Malaysia’s Prime Minister Says He Will Prove His Legitimacy In Parliament
Malaysia’s embattled Prime Minister Muhyiddin Yassin said Wednesday he will put himself through a vote of confidence when parliament reconvenes…
Factbox: China’s Key Commodities Targeted By Beijing’s Recent Measures
As a key producer, importer and consumer of most of the world’s major commodities, China is uniquely sensitive to sharp…
Tyson Foods, Microsoft Mandate Vaccinations, U.S. Automakers Mask Up
Tyson Foods Inc (TSN.N), Microsoft Corp (MSFT.O) and Detroit’s Big Three automakers joined a growing list of U.S. companies that are changing their…
Toyota, Honda Beat Profit Estimates But Warn Of Extended Chip Crunch
Toyota Motor Corp (7203.T) posted record quarterly earnings and Honda Motor Co (7267.T) raised its annual profit forecast on Wednesday as post-lockdown sales surge,…
Ether Falls 1% Ahead Of Major Upgrade To Ethereum Network
Ether fell about 1% on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the…
Sony Posts Record Q1 Profit On Pandemic Demand For Devices And Content
Sony Corp (6758.T) raised its earnings outlook on Wednesday after a record first-quarter operating profit helped by pandemic stay-at-home demand for PlayStation…
Stocks making the biggest moves premarket: General Motors, CVS Health, Kraft Heinz, Tupperware and others
General Motors (GM) – General Motors missed the consensus estimate of $2.23 per share with an adjusted second-quarter profit of…
General Motors Misses Wall Street Second-Quarter Earnings Expectations, Raises 2021 Guidance
General Motors missed Wall Street’s earnings expectations for the second-quarter despite a strong profit and raising its guidance for the year.…
Elon Musk’s Photos Show SpaceX Rolling Out Its Massive Rocket Booster For Starship
SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital…
CENTRAL BANKS Inflation Pressure To Test Bank Of England’s Patience At Key Meeting, Economists Warn
Economists broadly expect the Bank of England’s Monetary Policy Committee to raise its inflation forecasts on Thursday after two straight months…
Janet Yellen, United State Treasury secretary Says Enacting Biden’s Agenda Key To Keeping America As ‘World’s Pre-Eminent Economic Power’
Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden’s economic agenda is critical to maintaining America’s status as the…
Indian Shares Hit Record Highs As Investors Focus On Earnings And Interest Rate Decision
Indian shares hit a record high on Wednesday as investors remained upbeat in the middle of corporate earnings season and…
ECONOMY Household Debt Jumps By The Most In 14 Years To Nearly $15 Trillion In The Second Quarter
Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge…
Made in China’ Products Are Running Into New Logistics Problems
Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses…
After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators (MNOs) that birthed the revolution…
Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday, helped by talk from their…
Oil Falls A Second Day With Delta’s Spread Threatening Demand
Oil fell for a second day as the spread of the delta coronavirus variant, including in the key market of…
Sterling Gains On Optimism For UK’s COVID-19 Restrictions Outlook
Sterling rose on Tuesday, helped by recent falls in COVID-19 infections in Britain, optimism around Britain’s easing of lockdown restrictions…
UK Inflation Forecast To Hit 3.9% In Early 2022
UK consumer price inflation has been forecast to hit 3.9% next year, a think tank said on Monday. The National…
Moscow Exchange To Extend Bond Trading Hours To Attract Retail Investors
The Moscow Exchange (MOEX) plans to extend the hours during which bonds can be traded from this autumn in a…
Africa’s Most Populous City Is Battling Floods And Rising Seas. It May Soon Be Unlivable, Experts Warn
Lagos, Nigeria (CNN)Cars and houses submerged in water, commuters wading through buses knee-high in floods, and homeowners counting the cost…