Dow tanks 2,300 in worst day since Black Monday, S&P 500 bear market
It was a historic day on Wall Street. The Dow plunged 10% for its worst day since Black Monday in 1987. The…
Oil price collapse sours $310-million deal for failed shale producer
A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing…
Nigerian shoemakers tap national pride, nostalgia to spur local industry
Two men in grey jumpsuits brush glue onto rubber soles, while factory machines whir in the background. Elsewhere,…
Trump suspends travel from Europe – except the United Kingdom
President Donald Trump announced on Wednesday that all travel from Europe, except for the United Kingdom, will be…
Global stocks plunge after Trump announces coronavirus response package
US stock futures and markets around the world slid late Wednesday night as concerns about the economic fallout from…
One standout number in Amazon’s financial report showcases a positive shift…
Amazon Web Services has been focused on signing up more large business customers in recent years, as it continues…
US stocks surged into the close to end a volatile session on Tuesday.
Sharp mid-day fluctuations came as investors weighed the possible timing of a government stimulus package…
Oil Drop May Force Nigeria to Devalue Naira as Reserves Sink
The plunge in oil prices is piling pressure on Nigeria to devalue the naira as dwindling export revenue depletes…
John Boyega signs Netflix deal to produce West, East African movies
John Boyega, Nigerian-British actor, has signed a multi-year deal with Netflix, US media-services firm, to…
Nigeria spends N1.7 trillion to import fuel in 2019
Nigeria spent N1.713 trillion on the importation of Premium Motor Spirit, also known as petrol, in 2019, according…
Dow rebounds 1,167 points a day after suffering worst plunge since financial…
US stocks surged into the close to end a volatile session on Tuesday.
Sharp mid-day fluctuations came as…
Coronavirus: £130bn wiped off FTSE 100 in minutes
The FTSE 100 has seen more than £130bn wiped from the value of its constituent companies within minutes, in a…
Nnewi: Nigeria’s self-made Industrial hub
Nnewi is not a tier-one city in Africa, and not in Nigeria. Even within Anambra, it is masked by the commercial…
Oil prices plunge below $35, Saudi Arabia triggers price war
Saudi Arabia rattled the already depressed oil market to its foundation early Monday after unilaterally slashing…
Much worse than 2008 Global Financial Crisis?
The breathtaking volatility that has rocked the stock market for two weeks is rippling through other asset classes…
Saudis Plan Big Oil Output Hike, Beginning All-Out Price War
Saudi Arabia plans to increase oil output next month, looking to boost it well above 10 million barrels a day, as…
Aramco Drops Below IPO Price in Blow to Saudi Economic Plan
Saudi Aramco shares dropped below their IPO level for the first time as a looming price war in global crude…
South African President appoints Okonjo-Iweala member SA Economic Advisory Council
Ngozi Okonjo-Iweala, Nigeria’s former minister of finance, was at South Africa’s presidential economic advisory…
Silk roadblock: coronavirus exposes Nigeria’s reliance on China
Yetunde Oluyide has run a gift shop in bustling Lagos for nearly a decade, but with coronavirus curtailing imports…
5 Steps to Making a Profit in Crude Oil Trading
Crude oil trading offers excellent opportunities to profit in nearly all market conditions due to its unique…
No One Wants to Be a Nigerian Stock Trader as Volumes Plunge
Stockbrokers are out of fashion in Nigeria.
Not a single company registered to become a dealer on the West…
The U.S. May Already Be in a Recession
Let’s just say it: The longest economic expansion in U.S. history may already be over, killed by Covid-19.
It…
Tech companies have canceled some high-profile conferences, causing an estimated…
Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid…
Traders Dust Off Old Disaster Hedge With Virus Fear Escalating
When markets are in turmoil, traders turn to their favourite hedges.
They’re going for a classic form of…
South Africa’s rand steady in calm trade after coronavirus slide
South Africa’s rand traded slightly firmer early on Friday, recovering from a sharp dip in the previous session…
Gucci cancels fashion cruise due to rising coronavirus concerns
Fashion house, Gucci, has cancelled its Cruise 2021 show due to the ongoing Corona virus (covid-19) outbreak.…
Coronation Merchant Bank declares N5.09bn profit after tax for 2019
Coronation Merchant Bank Limited on Thursday announced a profit after tax of N5.09 billion for the financial year…
Foreign investment inflow reverses trend
Foreign Direct Investment (FDI) into Nigeria may have returned to the downward trend after a mild recovery in 2018.…
Coronavirus: Fear returns to stock markets
Global stock markets have fallen sharply as investors continue to worry about the broader economic effects of the…
StanChart grows full-year profit by eight per cent
Standard Chartered (StanChart) has grown its full year 2019 profit by eight per cent and improved earnings per…