Kenya Airways Resumes International Passenger Flights
Kenya Airways has announced that it has resumed international passenger services following the easing of movement…
No Stolen Nigerian Crude Oil In China
The Nigerian National Petroleum Corporation (NNPC) has clarified that it did not lose 48 million barrels…
Shoprite Begins Moves To Leave Nigeria
South African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation…
Forex Scarcity Takes Toll On Manufacturing Sector
The liquidity crisis in the foreign exchange (forex) market is becoming increasingly unbearable as many businesses…
Banks Implement New CBN Guidelines On Debt Recovery
Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global…
U.S. Consumer Spending Rises For Second Straight Month, Income Drops Further
U.S. consumer spending increased for a second straight month in June.
Consumer spending rose 5.6% last…
Oil Gains Nearly 1%, Posts Third Straight Month Of Gains
Oil prices rose on Friday and finished the month higher, benefiting from news that U.S. oil output cuts in May…
Here’s What Happened To The Stock Market On Friday
Dow Jones Industrial Average rises 114 points
The Dow Jones Industrial Average rose 114.67 points, or 0.44%,…
Dollar On Course For Worst Month In Decade As Epidemic Hobbles U.S. Economy
The dollar index fell to 92.597, a low last seen in May 2018, and is on course to post its steepest…
Covid-19 Testing Delays Create A Public Health Nightmare As Schools And Workplaces…
Demand for Covid-19 tests far outstrips supply in the U.S.
“The wheels have fallen off the wagon,”…
Nigeria: FG Moves To Rescue Trafficked Nigerian Ladies from Lebanon
The Federal Government has begun moves to rescue 30 trafficked Nigerian ladies from Lebanon.
The victims had on…
Kuwait Bans Commercial Flights from 31 Countries Over Covid-19
Kuwait suspended commercial flights from 31 countries on the advice of health authorities, just as the Gulf state …
Nigeria: Lagos Worship Centres To Reopen Aug 7
Religious centres in Lagos state will resume activities on August 7, 2020.
Babajide Sanwo-Olu, governor of…
Elon Musk Says ‘China Rocks’ While The U.S. Is Full Of ‘Complacency And…
Elon Musk lamented the “entitled” and “complacent” character of people in the United States, and lauded…
Goldman Expects New Tech Indexes To Bring China $25 Billion Passive Inflows In…
Mainland China and offshore hub Hong Kong’s latest indexes representing technology companies are likely to attract…
Nasdaq Surges On Megacap Earnings But U.S. Fiscal Uncertainty Nags
The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but…
U.S. Makes Deal For 100 Million Doses Of Coronavirus Vaccine, Deaths Expected To…
Two major drug companies will supply the U.S. government with 100 million doses of an experimental coronavirus…
Nigerians Suffering In Europe
The Founder of Napier Consulting Services, Roy Napier, has lamented the rate of exploitation of young Nigerians who…
Messy Business: Diaper Firm Struggles Without Dollars
Women in hairnets and masks are sorting through diapers coming off a conveyor belt.
But the head of Wemy's, the…
Banks Squeezed As CBN Shores Up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the central…
Italy Struggles To Clinch Deal For Single Broadband Network
The Italian government needs more time to broker a deal between former phone monopoly Telecom Italia (TLIT.MI) and…
Outlook For U.S. Value Stocks Uncertain With Cloudy Economic Picture
After a rally led by growth companies that has left the S&P 500 index .SPX roughly 4% from setting a new record…
Investors Raise Cash As U.S. Recovery Wobbles; Options Strategies Profit
Investors are preparing their portfolios for a potentially rocky patch in U.S. stocks, worried that a dramatic…
Global Funds Favour Bonds Over Stocks On Surging Coronavirus Infections
Global funds recommended cutting equity holdings in July to the lowest in four years and suggested keeping bond…
Dollar Heads For Biggest Monthly Drop In A Decade As Virus Fuels U.S. Economy…
The dollar extended its dramatic fall on Friday, putting it on course for its biggest monthly drop in a decade as…
Arik Air To Resume Flights To Jos, Benin, 2 Others
Arik Air has resumed services to four additional airports in Nigeria namely; Benin, Jos, Owerri and Asaba.
It…
AIB Begins Investigation As Two Aircraft Collide At Lagos Airport
The Accident Investigation Bureau says it will investigate a collision involving Middle East Airline and a Turkish…
Wired Transfers Hit N477/$1 At Black Market
Exchange rate disparity between the parallel and black market remains as high as N85.75
Nigeria's exchange rate…
Nigeria: MAN Supports Forex Unification
The Manufacturers Association of Nigeria (MAN) has described the unification of the country’s Foreign Exchange…
Apapa Gridlock: Customs Agents Petition FG Over 500% Increase In Costs
Some Customs agents in the country have called on the federal government to immediately address the deficiency and…