Cheque Transactions Shrink By 39% As Digital Payments Rise
The volume of cheques cleared by Nigerian banks keep shrinking as bank customers continue to…
Category: Business
The Great Divergence: U.S. COVID-19 Economy Has Delivered Luxury Houses For Some, Evictions For Others
When the temperature dipped near freezing in Columbus, Ohio in mid-October, the children had no…
Netherlands Puts KLM Bailout On Hold After Pilots Reject Wage freeze
The Dutch government on Saturday put on hold its plan to bail out KLM, the…
Exclusive: Amazon Tells India Regulator Its Partner Future Retail Is Misleading Public
Amazon.com Inc AMZN.O has complained to India’s market regulator that its local partner Future Retail…
Ford Sells Struggling Brazil Factory
U.S. automaker Ford Motor Co F.N said on Saturday it had closed the sale of…
Amazon Drops French Black Friday Ad Campaign As Lockdown Starts
Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the…
Review: The 2020 Lamborghini EVO RWD Is The Most Fun For The Least Amount Of Money At A Starting Price Of $208,000
In the age of Zoom meetings, Grub Hub orders, Netflix movies and Amazon shopping, we’re…
MTN Group Makes Final Exit From Jumia, Rakes In $138m
MTN Group has completed its exit from Jumia, a leading e-commerce platform in Africa, selling…
European Stocks Close Mostly Higher As Euro Zone GDP Beats Forecasts
LONDON — European markets closed mostly higher Friday after better-than-expected economic data, despite worries over…
Oil Sinks To Five-Month Low, Posts Worst Week Since April On Demand Concerns
Oil prices fell more than 1% on Friday, extending losses and on track for a…
Asia-Pacific Stocks Drop As Shares Of Apple Suppliers In The Region Fall
SINGAPORE — Stocks in Asia-Pacific were lower on Friday, as shares of Apple suppliers in…
Doordash Partners With Sam’s Club On Same-Day Prescription Deliveries
DoorDash announced Friday it is launching a partnership with Sam’s Club to provide same-day prescription…
Naira Trades N462/$1 At Black Market To End Week Stronger
The Naira ended the week stronger against the Dollar at the parallel market as it…
NNPC: Nigerian Refineries Damaged Beyond Turnaround Maintenance
The Nigerian National Petroleum Corporation (NNPC) yesterday attributed the prolonged neglect of overhauling the refineries…
Private Jet Traffic To The Hamptons And Aspen Is Booming As The Rich Flee Big Cities
The rich are traveling less for business and using private jets more to reach resort…
Cruise Stocks Rise After CDC Lifts No-Sail Order, Clears Industry To Plan Return
Cruise stocks rose Friday after the Centers for Disease Control and Prevention announced it will…
Dow Closes More Than 150 Points Lower As Wall Street Posts Its Worst One-Week Sell-Off Since March
Stocks fell on Friday, led by major tech shares, as Wall Street wrapped up a…
Walmart Returns Firearms, Ammunition To U.S. Store Floors
Walmart said on Friday it has begun returning firearms and ammunitions to the floors of…
Euro Zone GDP Jumps More Than Expected In Third Quarter, October Prices Fall
The euro zone economy rebounded more than expected in the third quarter from its coronavirus-induced…
West African Oil Fortunes Diverge Along With Europe And China
For a glimpse of the growing disparity in the oil market’s recovery, look at crude…
Euro Zone GDP Beats Forecasts For The Third Quarter, But New Lockdowns Threaten Recovery
LONDON — The euro zone economy bounced back in the third quarter as the region…
Illegal Refineries Dismantled As Military Battles Crude Oil Thieves In N’Delta
More illegal refineries operating in the creeks of the Niger Delta have been dismantled as…
CBN Removes Restrictions On Refinancing Of Non-Member Mortgage Lenders By Refinancing Companies
The Central Bank of Nigeria (CBN) has removed the restriction on refinancing of mortgages of…
Air France-KLM Warns Of Bigger Losses Amid Lockdowns
Air France-KLM AIRF.PA unveiled a 1.05 billion-euro (952.19 million pounds) quarterly operating loss and warned…
FOREX-Dollar Stabilises, Euro Near 4-Week Low After ECB’s Announcement
The dollar paused its climb on Friday, while the euro wallowed near its four-week low…
Dangote Delays London Listing, Shores Up Forex Earnings
Aliko Dangote, Africa’s richest person, has again delayed plans to list shares in his cement…
Will Nigerian Airlines Survive?
Chinedu Eze writes on the likely impact of the recent civil unrest in some states…
Dollar Stabilises, Euro Near Four-Week Low After ECB’s Announcement
The dollar paused its climb on Friday, while the euro wallowed near its four-week low…
Nigeria Imported N2.78tn Manufactured Goods In Three Months –NBS
Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April…
Customs Command Generates N15.7b In Nine Months
The Nigeria Customs Service, Kirikiri Lighter Terminal Command, has said that despite the effect of…