Walmart To Hire 20,000 Supply Chain Employees As It Ramps Up For The Holidays
Walmart said Wednesday it plans to hire 20,000 employees to help keep merchandise moving ahead of the anticipated holiday shopping rush.…
Category: Business
Google Delays Office Return Until January As COVID-19 Worries Linger
Alphabet Inc-owned (GOOGL.O) Google is extending its voluntary return-to-office policy through January next year, CEO Sundar Pichai said on Tuesday, citing uncertainty…
Dollar At 3-Week Lows As Traders Await Tapering Clues
The dollar was trading near three-week lows against a basket of currencies on Tuesday, as investors looked to U.S. jobs…
Gold Prices Edge Back Towards 1-Month Peak As Dollar, Yields Slip
Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a weaker dollar and a fall…
Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks
Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the…
Stocks Sit Near Record Highs As Jobs Report Looms
A gauge of global equities headed for its seventh consecutive month of gains on Tuesday, but stocks and the dollar…
Euro Zone Inflation Surges To 10-Year-High, In Headache For ECB
Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the European Central Bank’s benign view…
Prosus Doubles Down On India With $4.7 Bln Deal For BillDesk
Prosus NV (PRX.AS) doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making…
Canada’s Economy Posts Surprise Contraction In Q2 Amid Election Campaign
Canada’s economy unexpectedly shrank in the second quarter and likely had far less momentum than had been expected heading into…
Analysis: U.S. Liberals See Dwindling Legal Options To Challenge Voting Curbs
During the bitter legal battles over the 2020 presidential election, conservative U.S. Supreme Court justices signaled an embrace of a…
Biden Administration Aims To Cut Costs For Solar, Wind Projects On Public Land
The Biden administration plans to make federal lands cheaper to access for solar and wind power developers after the clean…
Digital Currency Gains Traction As Central Bank Of Nigeria Appoints Technical Partner
The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partner…
Robinhood Shares Tumble After PayPal News, SEC Scrutiny Of Key Revenue Stream
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that…
Dollar Scarcity Drives Naira Further Down At Black Market
Naira weakened significantly against the U.S. dollar at the black market on Monday, as it touched an all-time low of 527.…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical…
CBN Selects Bitt Inc Digital Currency As Technical Partner For Digital Currency Project
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as the Technical Partner for its…
Foreign Portfolio Investments Drop On Forex Crisis
Foreign portfolio investments (FPIs) in Nigeria have dropped to their lowest level in more than eight years as foreign exchange…
Banks To Promote Adoption Of ENaira As CBN Mulls October 1 Pilot
Nigerian deposit money banks (DMBs) are set to market and promote the adoption of eNaira as a digital version of…
Slumping Asian Currencies Face More Risk From Slowdown In China
Hong Kong’s shopping districts are dotted with money changers advertising their remittance services and conversion rates. There are 1,891 licensed money operators in the city, Hong Kong customs data show.
Tim Cook Receives Over 5 Million Shares Of Apple Stock Worth $750 Million
Apple CEO Tim Cook received more than 5 million shares of Apple stock this week, selling most of the stock for…
Africa Lacks Production Capacity To Meet Local Demand For Oil Palm
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu has stated that Africa lacks…
Emirates Extends Suspension Of Flights From Nigeria Till September 5
Emirates Airlines has extended the suspension of flights from Lagos State and Abuja airports to Dubai till September 5, 2021.…
Dangote’s $2bn Petrochemical Plant To Produce 77 Grades Of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene…
Chinese A.I. firm SenseTime Files For Hong Kong IPO Despite Tech Crackdown And U.S. Blacklist
One of China’s top artificial intelligence firms SenseTime has filed for an initial public offering in Hong Kong. The AI…
6 Years After Selling Stakes In Dangote Flour Mills, Tiger Brands Agrees To Divest From UAC Foods
Tiger Brands, a South African food company, has reached an agreement with UAC of Nigeria Plc (UACN) to sell its…
EU To Discuss Reimposing Covid-Related Travel Curbs On U.S.
The European Union will discuss on Thursday whether to reintroduce travel restrictions on visitors from the U.S. as new coronavirus…
Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat…
Turnover In FMDQ Exchange Drops 56% YoY As Investors Pull N29trn In T-Bills
Investment activities in the Fixed Income and Currencies (FIC) markets suffered a setback to the tune of about N26.97 trillion…
New IMF Allocation’ll Boost Nigeria, Others’ Reserves – AfDB
The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary Fund’s Special Drawing Rights allocation of…
NIPOST To Clamp Down On Unlicensed Courier, Logistics Operators
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST) is set to clamp down on illegal…