Nigeria Records N5tr Non-Oil Exports
More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year.…
Gas Shortage Knocks Out Several Power Plants
Low pressure on the Escravos-Lagos Pipeline System, ELPS, has left several power plants without gas supply leaving…
China’s Yuan Pulls Back After Officials Warn Against Speculation
The yuan hit a three-year high against the dollar on Monday before falling back following a chorus of warnings from…
Gold Heads For Biggest Monthly Gain Since July On Inflation Bets
Bullion has erased its 2021 losses, and is one of the best-performing metals in May, amid signs of rising…
FX Spot, Forwards, Futures Markets Record $1.252bn Turnover
The foreign exchange (FX) Spot, Forwards and Futures markets on the FMDQ Securities Exchange recorded a total…
Forex Speculators Responsible For Naira Crisis, Says ABCON
Speculators are responsible for the sale of dollars above the exchange rate approved by the Central Bank of Nigeria…
HSBC Is Closing — What Will Happen To Your Checking And Savings Accounts?
British bank HSBC Holdings PLC announced Wednesday that it will sell most of its retail locations across the U.S.,…
Dangote Cement Increases Capacity, Promises More Supply
The Dangote Cement Plc has announced that it has deeply invested in enlightening consumers on the different…
Naira In Best Health Against Dollar, Says Garba Shehu
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, says the naira in its best possible…
With meme stocks on the move again, these are the next Reddit stocks to watch
Meme stocks are grabbing the spotlight once again, and Bank of America said to watch out for a handful of new…
Deutsche Bank believes the copper rally will steam ahead. These stocks will…
Deutsche Bank is bullish on copper based on increasing supply risks, resurgent demand from China and other…
These stocks may win as consumers get back to normal this Memorial Day weekend,…
Consumer retail, apparel and food and beverage companies are well positioned ahead of the holiday weekend,…
WHO says Covid origin investigation is being ‘poisoned by politics’
A top World Health Organization official said Friday that investigations into the origins of Covid-19 are being…
Biden budget would give CDC its biggest funding boost in nearly 20 years
President Joe Biden’s first budget proposal would give the largest funding boost in nearly two decades to the…
Tesla starts using cabin cameras to make sure drivers are paying attention
Tesla has started using cabin cameras in some Model 3 and Model Y vehicles to make sure drivers are paying…
Massive bitcoin mine discovered in UK after police raid suspected cannabis farm
LONDON — An illegal bitcoin mine has been found by police in the U.K. who were looking for a cannabis farm.…
AMC short sellers dealt massive $1.2 billion blow after weeklong stock rally
Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week…
Costco is seeing inflation abound, impacting a slew of consumer products
Don’t tell Costco executives that inflation is low.
The big-box club chain said it’s been seeing…
New bill would ‘open up Big Tech’s hood,’ make companies explain how they decide…
A new federal bill seeks to demystify how social media platforms determine which posts users see, without…
Facebook, Twitter And A Future Of Social That’s Increasingly Audio
When pandemic lockdowns swept the country in Spring 2020, there were concerns that the booming podcast business…
Box CEO Says He’d Consider A Sale Of The Company Amid Feud With Activist Investor…
Box CEO Aaron Levie sat down with CNBC’s Josh Lipton this week to talk about the company’s feud with activist…
Goldman, Roubini and Novogratz explain where they stand on bitcoin and ether
The world appears to be firmly divided into two camps: those who are bullish on cryptocurrencies and those who…
Apple gets rare sell rating as New Street downgrades and predicts nearly 30% stock…
Apple could see a significant decline in sales of its flagship iPhone, and investors should get out before the…
Credit Suisse Scandals Prompt Switzerland To Think Unthinkable: Punish Bankers
Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in…
Canadian Dollar Gains As Investors Cheer Higher Commodity Prices
The Canadian dollar strengthened against its U.S. counterpart on Thursday, moving closer to a recent 6-year high,…
EMERGING MARKETS-Turkey’s Currency Hit All-Time Low; EM Stocks At 1-Month…
Emerging market currencies touched new highs on Friday but a rising dollar ahead of U.S. inflation data tempered…
Turkish Lira Falls To Record As Rising U.S. Yields Add To Woes
The Turkish currency sank to a record low, weighed down by rising U.S. yields and concern that monetary policy…
Dollar Edges Up Ahead Of Inflation Data; Yen Falls
The dollar strengthened further on Friday following its rise from more than four-month lows in recent sessions, as…
China’s Warnings Come In Thick And Fast To Curb Inflation, Yuan
China has dialed up its rhetoric about surging commodity prices and a strong currency with almost daily commentary…
World Bank Approves $700m Loan For Nigeria
The World Bank has approved a $700 million loan for the Nigeria Sustainable Urban and Rural Water Supply,…