Shoprite Lifted By Sales Jump And Potential Nigeria Exit
Shoprite Holdings could become the latest South African retailer to retreat from other African markets after it…
Nigeria’s Gross External Reserves: An Historical Perspective
The major objectives of external reserve management in Nigeria are ensuring the preservation of Capital, providing…
Next Big COVID-19 Treatment May Be Manufactured Antibodies
As the world awaits a COVID-19 vaccine, the next big advance in battling the pandemic could come from a class of…
U.S. Manufacturing Activity Near 1-1/2-year High; Construction Spending Extends…
U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased…
Checking Rising Incidence Of Unclaimed Dividend In Capital Market
Dividends are the distributable earnings of a company, which are determined by its board of directors. However,…
$3.313bn Chinese Loans: Nigeria Pays $461m, Still Owes $3.12bn
Despite paying the sum of $461.89million (about 13.4 per cent ) of the $3.313billion debt (Chinese loans) owed…
Nigeria: Eid-El Kabir: Errors Push PoS Failed Payments To 23%
Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS…
Dow Rises 200 Points, Nasdaq Climbs To Record Led By Apple And Microsoft
Stocks rose on Monday, the first trading day of August, as Wall Street tried to build on its four-month winning…
Earnings, Microsoft Boost Wall St. As Investors Await Stimulus
Wall Street’s main indexes rose on Monday as Microsoft’s pursuit of TikTok’s U.S. operations and a clutch of upbeat…
Treasury Yields Bounce Slightly From Last Week’s Record-Setting Drop
Treasury yields edged higher on Monday following last week’s decline that pushed some of the frond-end rates to…
Nigeria: With Non-Interest Guidelines, CBN Widens Participation Scope Of…
For years now and especially since the 2008 global financial meltdown, central banks in many developing and…
Oil Steady As Virus Fears Counter Positive Factory Data
Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as…
Bitcoin Surpasses $12,000 Then Tumbles In Wild Weekend Action
Bitcoin reminded investors of both its promise and peril in trading this weekend.
The world’s largest…
Nigeria: BoI Increases Support For MSMEs To N53bn
In demonstration of its commitment to the development of micro, small and medium scale enterprises (MSMEs) in the…
Nigeria: Govt Moves To Reduce Oil Production Cost To $10
The Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas…
Concerns Mount Over Loan Agreement Clause Waiving Nigeria’s Sovereignty Immunity
Concerns mounted at the weekend over the rising trend of government officials signing loan agreements with a clause…
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…