IEA Sees Oil Market Stuck Between No Major Slowdown But Stalled Recovery
The global economy is likely not headed for any major slowdown due to COVID-19 but piled-up storage and uncertainty over…
Pound Slides After Johnson Puts No-Deal Brexit Back On Table
Will Covid-19 Fallout Camouflage Cost of No-Deal Brexit? The pound fell after U.K. Prime Minister Boris Johnson ratcheted up the…
Nigeria: We Spent N31b In Four Months Fighting COVID-19 — FG
The Federal Government of Nigeria has disclosed that it “spent N30,540,563,571.09, representing 84% of the N36.3 billion public funds and…
How Fall Guys, A Battle Royale Game With Jelly Beans, Became This Summer’s Mega Hit
Fall Guys: Ultimate Knockout has rapidly become the hottest games of the summer, attracting millions of players within a month…
Ethereum’s 12% Plunge Batters DeFi Tokens
Traders were aware of the risks of investing in DeFi, or decentralized finance, this summer’s money printing bonanza that made…
Oil Skids After Saudi Price Cuts, Demand Optimism Fades
Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the…
Nigeria: NSE To Host Capacity Building Session On Derivatives
The Nigerian Stock Exchange (NSE) has announced to host a virtual training session for prospective derivatives products market participants on…
European Stocks Advance, Looking To Rebound From Last Week’s Losses
European stocks were higher Monday morning as investors monitor progress on various coronavirus vaccines, with markets looking to recover from…
Nigeria: CBN’s Interventions Halt Naira Slide
There are indications that stability is returning to the foreign exchange market as the value of the Naira appreciates in…
China Lands Its First Reusable Spacecraft As State Media Hails It As An ‘Important Breakthrough’
GUANGZHOU, China — China has successfully launched and landed an experimental reusable spacecraft, according to the state-run Xinhua news agency…
Emefiele Rebuilds Investor Confidence, Begins Clearing FX Backlog
Obinna Chima writes about major steps taken by the banking sector regulator to rebuild confidence in Nigeria’s financial market A…
Italy Opens Competition Probe Into Apple, Google And Dropbox’s Cloud Storage Services
Italy’s competition authority announced Monday it’s looking into cloud storage services run by Apple, Dropbox and Google after hearing several…
Africa’s Confirmed COVID-19 Cases Nears 1.3m
The Africa Centres for Disease Control and Prevention (Africa CDC), on Sunday, said the number of coronavirus positive cases has…
Gold Gains As Global Growth Worries Support Demand
Gold edged higher on Monday after weak U.S. data raised concerns over a quick economic rebound from the coronavirus-led slump…
Nigeria: N10.78tr Subsidy, Why FG May Not Reverse New Fuel, Electricity Rates
There were strong indications last night that the Federal Government may not reverse the new fuel pump price regime because…
Payrolls Increase By Nearly 1.4 Million As The Unemployment Rate Tumbles
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued…
Closure Of Hilton Times Square May Be ‘Tip Of The Iceberg’ Of Troubles Facing New York Hotels
This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New…
China’s Driverless Car Upstarts See Robotaxis Scaling Up In 3 Years As Tech Firms Race To Get Ahead
China’s driverless car start-ups expect large-scale commercialization of self-driving taxis in 2023 as the country’s technology giants vie to get…
Nigeria: FG Weakens Power Of EFCC Chairman Creates Director General In New bill
..…Agency’s sec office scrapped, replaced with admin director. A new bill seeking to amend the Economic and Financial Crimes Act…
$9.6b Judgment Debt: Victory In UK Court, A Huge Reliefn
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Friday judgment of a UK Commercial Court suspending…
Dollar Steadies After U.S. Jobs Report, Focus Shifts To ECB Meeting
The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while…
Asia Stocks Mixed; Shares Of SMIC In Hong Kong Plummet As U.S.-China Tech Tensions Rise
SINGAPORE — Asia-Pacific markets were mixed in Monday trade, as investors reacted to rising tech tensions between Washington and Beijing.…
Wineries And Farms Decimated By Coronavirus Are Turning Their Land Into Campsites With Hipcamp
It’s been a devastating year for Alyse Hickman’s small family winery in northern California. Her 15-acre property in the tiny…
Nigeria: CBN Places Ban On Gaming, Sports Betting Company Account
The Central Bank of Nigeria on Friday placed a “Post no debit order” on the account of several gaming and…
Nigerian Vice President Calls For Equitable Vaccine Access By Pauline Bax
Europe should work with African countries to ensure equitable access to an affordable Covid-19 vaccine once it’s available, Nigerian Vice…
Is Britain Ready For A No-Deal Brexit?
As concern about a lack of trade deal heightens, Times writers examine how different sectors could be affected Passports Britons…
CBN Freezes Baba Ijebu, Other Companies’ Bank Accounts As Dollar Scarcity Bites Harder In Nigeria
The move by the apex bank comes months after the Economic and Financial Crimes Commission launched an investigation into the…
Analysts Say These Stocks Are Thriving During The Pandemic And Will Continue To Do Well After
There are a slew of companies that are outperforming through the pandemic and Wall Street analysts said this week that…
European Markets Close Lower As Rebound Runs Out Of Steam; Tech Stocks Lead Losses
European stocks closed lower on Friday as a sell-off in the tech sector continued for a second consecutive trading session.…
Bank Of America Says Sell-Off Has More To Go, But S&P 500 Will Eventually Rebound To 3,630 Preelection
The fast and furious tech equity rout could have further to go in the coming weeks before the market eventually…