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S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on…
How Coronavirus Could Exacerbate Domestic Violence ‘It’s Not Safe To Leave…
Coronavirus is exacerbating a problem that already exists and hasn’t been adequately addressed: Survivors of…
Money Stuff: Banks Have Too Much Money Now
Reverse bank run
Here’s a thing you could do as a bank. You could take deposits: People and companies give you…
Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply…
Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the…
Over Half Of Americans Are Postponing Weddings—Till When, Few Know
One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark suit.…
Oil Price May Fall To $10 A Barrel As World Runs Out Of Storage Space
The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its fossil fuel…
Another 11% Swing in the Dow Average Shows Value Still a Mystery
As Wall Street celebrates the Dow Jones Industrial Average’s biggest surge in nine decades, spare a thought for…
Recoveries At 100,000; Wuhan To Lift Lockdown
China plans to lift lockdown measures in Wuhan, the city subjected to a mass quarantine since the start of the…
The Countries Hit Hardest By The Oil Price War
The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past…
How Sham Trades Tricked Germany Out Of Billions
Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the…
The Audacity of the British Treasury… UK Property Market
Yesterday, the United Kingdom’s Chancellor, Rishi Sunak, whilst delivering the government’s budget plans announced…
Dow tanks 2,300 in worst day since Black Monday, S&P 500 bear market
It was a historic day on Wall Street. The Dow plunged 10% for its worst day since Black Monday in 1987. The…
Nigerian shoemakers tap national pride, nostalgia to spur local industry
Two men in grey jumpsuits brush glue onto rubber soles, while factory machines whir in the background. Elsewhere,…
One standout number in Amazon’s financial report showcases a positive shift…
Amazon Web Services has been focused on signing up more large business customers in recent years, as it continues…
Nnewi: Nigeria’s self-made Industrial hub
Nnewi is not a tier-one city in Africa, and not in Nigeria. Even within Anambra, it is masked by the commercial…
Oil prices plunge below $35, Saudi Arabia triggers price war
Saudi Arabia rattled the already depressed oil market to its foundation early Monday after unilaterally slashing…
Much worse than 2008 Global Financial Crisis?
The breathtaking volatility that has rocked the stock market for two weeks is rippling through other asset classes…
No One Wants to Be a Nigerian Stock Trader as Volumes Plunge
Stockbrokers are out of fashion in Nigeria.
Not a single company registered to become a dealer on the West…
Tech companies have canceled some high-profile conferences, causing an estimated…
Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid…
Traders Dust Off Old Disaster Hedge With Virus Fear Escalating
When markets are in turmoil, traders turn to their favourite hedges.
They’re going for a classic form of…
OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional…
FX intervention pressure mounts on Brazil central bank to sell dollar reserves
Brazil’s currency is weakening so quickly the central bank may soon be forced to set aside its free-market…
How Economic Crisis forced 42 Lagos SMEs to shut down
At least 42 Small and Medium Enterprises in Lagos have been forced to shut down due to huge losses resulting from…
Tax compliance in Nigeria laborious – Taxaide boss
The Chief Executive Officer Taxaide, Bidemi Olumide, has said that the process of collecting, computing and paying…
NCC empowers students, others
No fewer than 60,000 administrators, students, academics and teachers have been sponsored and trained in various…
Filmhouse, Silverbird, others generate over N79.8 million on Valentine’s weekend
Valentine’s Day drove revenue of cinema houses across Nigeria over the weekend, making it the highest-grossing…
Experts allay fear of naira devaluation in 2020
Experts in the financial system have allayed fears of possible devaluation of the Naira this year, considering…
Markets Wrap
The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for…
Pressure on equities defy earning season, index slumps by 2.69 per centp
Despite improved numbers in 2019 full year result churned out by quoted companies, sentiments remained weak in the…