Tesla Slashes Model Y SUV Price As Pandemic Weighs On Auto Sector
Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch,…
Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time
Saudi Arabia’s largest telecoms operator Saudi Telecom Co (STC) (7010.SE) said on Sunday it would need another two…
UK Plans To Create ‘Freeports,’ Cut Taxes
British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws…
Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies
Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year,…
Cash-Strapped New Jersey To Borrow Up To $9.9 Billion Under Deal
New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to $9.9 billion from sources…
Trump Dons Masks In Visit To A Military Medical Facility
President Donald Trump, who has avoided wearing a mask in public even as the coronavirus pandemic spread, donned…
Behind the Relentless Stock Rally, Waves of Anxiety Are Building
erves are fraying underneath the stock market’s technology-fueled rally.
Short bets against the biggest equity…
Mandatory Masks, Mickey At A Distance As Walt Disney World Reopens
Mickey waved from a distance and visitors wore colorful face masks with mouse ears on Saturday as Florida’s Walt…
Wall Street Forges a New Deal With Data in Coronavirus Age
Alternative data has been a buzzword on Wall Street for years. Never has demand been greater than during the…
Nigerian Government Clarifies Tax On House Rents, C of O, Others
The Director-General of the Budget Office of the Federation, Ben Akabueze, says tax on rents, Certificate of…
Immigration Stops 58 Nigerian Medical Doctors From Travelling To UK
Operatives of the Nigeria Immigration Service (NIS) at Murtala Muhammed International Airport (MMIA) Ikeja, Lagos,…
Nigeria Misses Revenue Target On Low Oil Prices And Output
Nigeria could only collect about half of its budgeted revenues in the first five months of this year as low oil…
Africa News Update
Ivory Coast Succession | Ivory Coast Prime Minister Amadou Gon Coulibaly died this week, throwing the ruling…
Naira weakens, Oil slips, Stocks flat
As the coronavirus menace dug its vicious talons deeper into Africa’s largest economy, the Central Bank of Nigeria…
Fed Govt Approves Fourth Evacuation Flight for Stranded Nigerians In US
The federal government has approved a fourth evacuation flight for stranded Nigerians in the United States.
A…
Africa Could Have COVID-19 Vaccine In Q1 If Human Trials Work – S.Africa…
Africa could have a COVID-19 vaccine in the first quarter of 2021 if human trials underway in South Africa succeed,…
Nigeria’s Confusing Currency and IMF Loan
Humbled by crashing oil prices and the coronavirus pandemic, Nigeria appears to be heeding the International…
Elon Musk Soars Past Warren Buffett on Billionaires Ranking
Elon Musk is now richer than Warren Buffett.
The fortune of Tesla Inc.’s founder rose $6.1 billion on Friday,…
Dollar, Yen Gain While Risk Currencies Slip As U.S. Coronavirus Anxiety Deepens
The dollar and other safe-haven currencies gained against their riskier peers on Friday after a surge in new…
Nigeria Suspends Anti-Graft Chief -Attorney General’s Office
Nigeria has suspended its anti-corruption chief pending the conclusion of investigations, the attorney general’s…
UK Visa Application Centre In Nigeria To Reopen Soon
The British high commission in Nigeria says work is ongoing to reopen visa application for intending travellers to…
BA Moves Gatwick Flights To Heathrow
British Airways has announced that it would be switching many short-haul flights from its second-biggest base,…
NSC Targets Full Digitalisation Of Nigerian Ports By 2021
The Nigerian Shippers’ Council (NSC) has announced that it is perfecting plans to ensure that cargo clearing…
Manufacturers Association Of Nigeria Commends CBN’s Forex Unification, Seeks…
The Manufacturers Association of Nigeria (MAN) has expressed its support for the recent move by the Central Bank of…
Nigerian National Petroleum Commision Increases Gas Supply As Pipeline Vandalism…
The Nigerian National Petroleum Corporation on Thursday announced an increase of 19.14 per cent in the average…
Nigeria: New Dawn At NPA
Eromosele Abiodun writes on the significance of appointing Akin Ricketts into the board of the Nigerian…
International Energy Agency Raises 2020 Oil Demand Forecast But Warns COVID-19…
The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread…
No Going Back On Petrol Subsidy Removal – Federal Government Of Nigeria
The Minister of State for Petroleum Resources, Timipre Sylva, said on Thursday that the Federal Government had…
Nigeria: ‘Many Factories May Shutdown Over Outstanding Forex Obligations’
With the Central Bank of Nigeria (CBN) adjusting the foreign exchange rates in a move to have a uniform rate for…
Over 33% Of Air Travellers To Avoid Flights Over Infection Risk
At least three in every 10 air travellers have vowed not to fly anytime soon over possible coronavirus…