Dollar On Course For Worst Month In Decade As Epidemic Hobbles U.S. Economy
The dollar index fell to 92.597, a low last seen in May 2018, and is on course to post its…
Author: Ekemini
Covid-19 Testing Delays Create A Public Health Nightmare As Schools And Workplaces Try To Reopen
Demand for Covid-19 tests far outstrips supply in the U.S. “The wheels have fallen off the wagon,” said Susan Butler-Wu,…
Nigeria: FG Moves To Rescue Trafficked Nigerian Ladies from Lebanon
The Federal Government has begun moves to rescue 30 trafficked Nigerian ladies from Lebanon. The victims had on Friday pleaded…
Kuwait Bans Commercial Flights from 31 Countries Over Covid-19
Kuwait suspended commercial flights from 31 countries on the advice of health authorities, just as the Gulf state re-opened its airport to…
Nigeria: Lagos Worship Centres To Reopen Aug 7
Religious centres in Lagos state will resume activities on August 7, 2020. Babajide Sanwo-Olu, governor of Lagos, announced this at…
Elon Musk Says ‘China Rocks’ While The U.S. Is Full Of ‘Complacency And Entitlement’
Elon Musk lamented the “entitled” and “complacent” character of people in the United States, and lauded the “smart” and “hard…
Goldman Expects New Tech Indexes To Bring China $25 Billion Passive Inflows In Five Years
Mainland China and offshore hub Hong Kong’s latest indexes representing technology companies are likely to attract $25 billion in five…
Nasdaq Surges On Megacap Earnings But U.S. Fiscal Uncertainty Nags
The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but…
U.S. Makes Deal For 100 Million Doses Of Coronavirus Vaccine, Deaths Expected To Rise
Two major drug companies will supply the U.S. government with 100 million doses of an experimental coronavirus vaccine, the Trump…
Nigerians Suffering In Europe
The Founder of Napier Consulting Services, Roy Napier, has lamented the rate of exploitation of young Nigerians who travelled to…
Messy Business: Diaper Firm Struggles Without Dollars
Women in hairnets and masks are sorting through diapers coming off a conveyor belt. But the head of Wemy’s, the…
Banks Squeezed As CBN Shores Up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the…
Italy Struggles To Clinch Deal For Single Broadband Network
The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia (TLIT.MI) and state-controlled utility…
Outlook For U.S. Value Stocks Uncertain With Cloudy Economic Picture
After a rally led by growth companies that has left the S&P 500 index .SPX roughly 4% from setting a…
Investors Raise Cash As U.S. Recovery Wobbles; Options Strategies Profit
Investors are preparing their portfolios for a potentially rocky patch in U.S. stocks, worried that a dramatic rebound in equities…
Global Funds Favour Bonds Over Stocks On Surging Coronavirus Infections
Global funds recommended cutting equity holdings in July to the lowest in four years and suggested keeping bond allocations unchanged…
Dollar Heads For Biggest Monthly Drop In A Decade As Virus Fuels U.S. Economy Fears
The dollar extended its dramatic fall on Friday, putting it on course for its biggest monthly drop in a decade…
Arik Air To Resume Flights To Jos, Benin, 2 Others
Arik Air has resumed services to four additional airports in Nigeria namely; Benin, Jos, Owerri and Asaba. It said this…
AIB Begins Investigation As Two Aircraft Collide At Lagos Airport
The Accident Investigation Bureau says it will investigate a collision involving Middle East Airline and a Turkish plane at the…
Wired Transfers Hit N477/$1 At Black Market
Exchange rate disparity between the parallel and black market remains as high as N85.75 Nigeria’s exchange rate at the NAFEX…
Nigeria: MAN Supports Forex Unification
The Manufacturers Association of Nigeria (MAN) has described the unification of the country’s Foreign Exchange (forex) windows by the Central…
Apapa Gridlock: Customs Agents Petition FG Over 500% Increase In Costs
Some Customs agents in the country have called on the federal government to immediately address the deficiency and high cost…
The Dollar’s Leading Rivals All Have Their Own Drawbacks
A guide to the pros and cons of the euro, gold, crypto, and the other potential replacements for the dollar.…
Starved Of Dollars, Nigerian Businesses Struggle For Survival
As women in hairnets and anti-coronavirus masks sort through folded nappies coming off a conveyor belt, the head of the…
Nigeria: Local Production Suffers Continued Contraction As PMI Hits 44.9%
Purchasing Managers’ Index (PMI) for the manufacturing sector has continued to reflect the sector’s weaknesses as regards production, new orders,…
Nigeria: People Fear They’ve Got Too Much Cash In Their Bank Accounts
Falling interest rates are tempting some Americans to forego safety and pour their savings into assets such as stocks and…
Nigeria: Cautious Optimism As Nations Ease Flight, Tourism Restrictions
More countries are opening up the international airspace for commercial airlines and tourism to resume. Travellers will however find that…
IMF Introduces New Transparency Code For Nigeria, Others
The executive board of the International Monetary Fund has approved the new IMF Central Bank Transparency code. It said in…
Nigeria: The Return of Wharf Rats
Eromosele Abiodun writes on the alarming rate of pilfering at terminals across the nation’s seaports Last week, vehicle importer, David…
Emirates Expands African Connections
Emirates has announced it will resume flights to Nairobi from August 2, 2020, Baghdad and Basra will follow from August…