External Reserves Reverse Negative Trend, Rises To $35.7bn
The nation’s external reserves, last week, rose (though slightly) for the first time in 12 weeks, to $35.66…
Stocks Making The Biggest Moves Midday: Apple, Tesla, Beyond Meat, Amazon &…
Apple — Shares rallied 3.5% as its long-awaited 4-for-1 stock split took effect. That gain made the tech giant the…
Not A Single Foreigner Invested In Nigerian Bonds In Q2
Not a single foreigner invested in Nigerian bonds in the second quarter of 2020.
For the first time in more than…
Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of July…
Speculators Lose As Naira Sells At N460 On Black Market
Currency speculators are losing as much as N20 with the dollar trading at N460 as at 3:00pm on Monday across Lagos…
Scientists See Downsides To Top COVID-19 Vaccines From Russia, China
High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They are based on a…
McDonald’s Slams Ex-CEO As ‘Morally Bankrupt’ After He Asks For Dismissal Of…
McDonald’s slammed former CEO Steve Easterbrook in a new legal filing on Monday, arguing that he should have to…
In Panic, Forex Speculators Prepare To Dump Dollars
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell.
Forex…
History Of Apple Stock Splits Says Investors Shouldn’t Rush In To Buy Lower-Priced…
Apple is having a great year, and its 4-for-1 stock split on Monday is expected to make the market’s most-valuable…
Carlyle’s David Rubenstein: ‘Still A Little Nervous’ But Market Rally Has…
Carlyle Group co-founder David Rubenstein told CNBC on Monday he is “still a little nervous” about the stock…
Dollar Set For Worst August In Five Years
The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift on…
TikTok deal to sell U.S. business could be announced as soon as Tuesday
TikTok has chosen a bidder for its U.S., New Zealand and Australian businesses, and it could announce the deal as…
U.S. Treasury Yields Fall Slightly To Start The Week
Treasury yields dipped on Monday morning as traders geared up for the last trading session of the month and looked…
CBN Authorises Payment Service Banks To Sell Forex
The Central Bank of Nigeria (CBN) has authorised Payment Service Banks (PSBs) to sell foreign currencies (forex)…
Second U.S. Shale Boom’s Legacy: Overpriced Deals, Unwanted Assets
Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S.…
Amazon Wins FAA Approval For Prime Air Drone Delivery Fleet
Amazon received federal approval to operate its fleet of Prime Air delivery drones, a milestone that allows it to…
California’s Newsom Deploys New Coronavirus Reopening Framework, Most Counties…
California Gov. Gavin Newsom announced on Friday a new framework for individual counties to reopen, outlining the…
Nigeria: Interim Report On Magu False, Says Defence Counsel
Following controversy over the fate of his client, counsel to the suspended Acting Chairman of the Economic and…
China Warns Czech Senate Speaker Will Pay ‘Heavy Price’ For Taiwan Visit
Czech Senate speaker Milos Vystrcil will “pay a heavy price” for making an official trip to Taiwan and China will…
Nigeria: Tinubu Congratulates Adesina On Re-election As AfDB President
The National Leader of All Progressives Congress, APC, Asiwaju Bola Amhed Tinubu, has felicitated with Nigeria’s…
Snowflake CEO Frank Slootman Isn’t Worrying About Hurt Feelings As He Goes For IPO…
In an era of founder-led tech companies, Snowflake’s Frank Slootman is a corporate throwback.
Slootman, 61, is a…
Buffett Looks To Japan With 5% Stakes In Five Biggest Trading Firms
Berkshire Hathaway Inc (BRKa.N) has bought a 5% stake in each of Japan’s five biggest trading houses, together…
Nigeria: FG Reforms Target World Bank High Ranking
The Federal Government says the Presidential Enabling Business Environment Council (PEBEC) reforms are geared…
Nigerians Chased Into Dubai Desert
Early last week a viral video of Nigerians allegedly chased into the desert of Dubai in the United Arab Emirates,…
Diageo Nigeria Unable To Refinance Loan On Dollar Shortage
Diageo Plc’s Nigeria unit said it’s struggling to refinance a foreign-currency loan and trim costs following a…
Hurdles Await Foreign Carriers As Flight Resume Sept 5
Foreign airlines jostling for the Nigerian routes might be in for fresh hurdles as the Federal Government has…
Japan, U.S. Defence Chiefs Oppose Bid To Alter Status Of Asian Waters
Japan’s Defence Minister Taro Kono said on Saturday he had agreed with his U.S. counterpart Mark Esper that both…
Syndicate That Specialises In Moving Funds Through SIM Card Arrested
Detectives attached to the Nigeria Police Zone 2 Command Headquarters, Onikan, Lagos State have arrested five…
Apple Suspends Fortnite Maker Epic Games’ App Store Account
Apple on Friday said it suspended Epic Games’ developer account. It follows a temporary restraining order on Monday…
Nigeria: Pilot In The Crashed Bell Helicopter Confirmed As Chika Prudence Ernest
The pilot of the ill-fated Bell 206 helicopter that crashed in Ikeja, Lagos today, has been identified.
He was…