One standout number in Amazon’s financial report showcases a positive shift in its growing cloud business
Amazon Web Services has been focused on signing up more large business customers in recent years, as it continues to…
Category: Features
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…
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 prices and promising to…
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 — and…
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 African…
Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid coronavirus concerns.
Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid coronavirus concerns. Here’s what’s…
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 protection against…
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 principles and…
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…
Tax compliance in Nigeria laborious – Taxaide boss
The Chief Executive Officer Taxaide, Bidemi Olumide, has said that the process of collecting, computing and paying tax in Nigeria is…
NCC empowers students, others
No fewer than 60,000 administrators, students, academics and teachers have been sponsored and trained in various digital and Information Communication…
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 weekend since the yuletide period,…
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 various strategies the…
Markets Wrap
The Japanese yen pared its earlier decline after Apple Inc.’s announcement that it would miss revenue guidance for the March…
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 equities market,…
Leveraging capital market potential to accelerate growth
Capital market, globally, is one of the most important platforms for financial deals, particularly, in raising capital for economic activities…
Markets Wrap
U.S. equity futures jumped with European stocks after a brutal sell-off in Chinese equities halted on Tuesday and as investors…
Markets Wrap
U.S. equity futures slid with stocks on Thursday as investors mulled mounting evidence that the coronavirus epidemic is disrupting the…
Markets Wrap
European stocks dropped alongside U.S. equity futures on Tuesday, tracking broad declines across Asia amid a series of negative developments…