26 C
Lagos, South Africa and New York
Tuesday, August 4, 2020

Limit your speed on highways to avoid crashes, FRSC urges motorists

By Ige Adekunle Sango-Ota (Ogun), Aug 4, 2020 The Ogun Command of the Federal Road...

30 Nigerians stranded in Lebanon rescued, among 150 awaiting evacuation – NIDCOM

By Maureen Okon Abuja, Aug. 4, 2020 Thirty Nigerians, who were trafficked and left stranded in...

Sagbama LG Chairman’s father regains freedom after 3 months in kidnappers den

Picture showing freed Pa Alale while receiving a sympatheser in his residence in Agbere, Sagbama...

Buhari presides over Security Council meeting

By Ismaila Chafe Abuja, Aug. 4, 2020 President Muhammadu Buhari on Tuesday presided over Security Council...

Woman stopped at German airport with husband’s bones in luggage

Munich (Germany), Aug. 4, 2020 A 74-year-old Armenian woman was stopped at Munich airport...

THIS IS MONEY

Financial planner: Here’s when you should temporarily stop saving for retirement during the pandemic

As the coronavirus spreads across Global economy and the United States, American life has come...

Personal Finance tips to help you survive coronavirus spiked global recession

If you’ve been following the latest financial news, it might look like the U.S.’s longest...

Teaching your kids about personal finance

life can and should be inculcated from a young age. Mandy Porter Talking about money...

8 Easy Ways To Teach Your Kids About Money

It is not easy to teach children and teens about life, let alone money. Most...

The No. 1 job billionaires and multimillionaires held before they got stickinly rich

By Catey Hill And why it’s important for all of us to do that job,...

The Big Read

After the greenback suffers its worst month in a decade on economic concerns, debate about its global role is stirring by Colby Smith in New York and Eva Szalay and Katie Martin in London When coronavirus kicked off a historic economic crash and sent stock markets into freefall in March, investors and companies all over the world rushed in to the...

UBA Provides 200 Million for Nigeria’s Petroleum Industry – Timely Financing for Post COVID...

· Acts as Lead Arranger for $1.5 Billion Facility to Boost Nigerian Oil Production and Government Revenue Lagos, 4th...

First Bank restructured 15% of $4.6 billion loans in H1 – risk officer

ABUJA, Aug 3 - Nigeria’s First Bank had restructured 15% of its 1.759 trillion naira ($4.6 billion) loan book by the end of the...

Seplat Announces Retirement of CEO Austin Avuru

Further to the announcement made on November 18, 2019, Seplat Petroleum Development Company Plc confirms that Mr. Austin Avuru has retired as the CEO...

Flour Mills of Nigeria Plc Reports 184% Growth In After-Tax Profit

Nigeria’s biggest Miller, Flour Mills of Nigeria Plc (referred to as “Flour Mills “or “FMN”), Nigeria’s leading integrated food business and agro-allied Group, today...

COMMODITY

As Global Dollar-Induced Economy wanes, experts point to Gold as safe alternative for investors

As the global economy recession worsen due to the dependence on the green back currency...

‘Palm oil is God’s gift’- Malaysia aims to rebrand controversial crop

Bangkok, July 22, 2020 Malaysia’s government will use the slogan “Palm oil is God’s...

Nigeria Cocoa Output Seen Down 18% over Spread of Fungal Black Pod Disease

Nigeria’s cocoa-industry association cut its output estimate for the 2019-20 season by 18%, citing the...

Ondo govt. distributes 20,000 cocoa seedlings to farmers in Isua-Akoko

By Alaba-Olusola Oke Akure, July 13, 2020 No fewer than 100 cocoa farmers in Isua-Akoko,...

Wheat futures jump but global production estimates shrink

CBOT wheat nears one-month high Corn, soybeans touch one-week lows By Tom Polansek CHICAGO, July 8 ...

RESEARCH & ANALYSIS

Nigeria’s total merchandise trade slumps amid COVID19 pandemic – PFI Capital

Nigeria's total merchandise trade stood at N8.30 trillion in Q1'20 (equivalent to c.23% of nominal...

International Breweries Bullished Rating Maintained Despite Upside in Q2 2020 Results

International Breweries‘ (IB) Q2 2020 results suggest that volumes declined by double-digits y/y, largely because...

Airtel Africa Plc Disappoints Analysts Expectations; despite 11.8% Customer Base Growth

Key highlights Customer base grew by +11.8% to 111.5m. ...

Pandemic-driven disruption will lead to modest recovery in second quarter 2020

The rapid global spread of the coronavirus has led to a deteriorating economic outlook, sharply...

Nigeria’s OPEC+ cut seen spike deeper economic contraction, Fitch warns

Nigeria's adherence to oil production cuts under the OPEC+ agreement will lead to deeper economic...

NAIJA TECH START-UPs

Maiduguri-based female entrepreneur brings affordable hygiene to women in need

When Zainab Lawan Dalorima asked displaced people in Dalori camp what help they need, they...

Why I relocated to northern Nigeria to start tomato jos, Mira Mehta

When Mira Mehta made the decision to relocate to Nigeria in 2014, her father questioned...

Tomato Jos secures Series A round funding of €3.9m

Tomato Jos, an agro-processing company focused on the local production of high-quality tomato paste for...

Covid-19 reporting: Nigerian Analytics Start-up launch free Analytics App to help journalists with data and insight.

Journalists in Nigeria have a reason to smile, as a major weight of in-availability...

Nigerian based electronic health startup closes $10 million funding round from Japanese investors

LAGOS, May 7 - Helium Health, West Africa’s largest electronic medical records provider, on...

CRYPTOCURRENCY

Beijing-Backed Crypto Entrepreneur Eyes Unification of World’s Blockchains

Bloomberg) -- The blockchain world today is thousands of disparate platforms that can’t talk to...

Bitcoin Spikes on Gold Rally as Dollar Slump worsens

Bitcoin surged to the highest in almost a year as the slump in the dollar...

Bitcoin And Cryptocurrency nears global recognition Payment Giants partner

Payments giants Visa, Mastercard and PayPal have had a rocky relationship with bitcoin and cryptocurrencies...

Bitcoin, other Cryptocurrency rally in new resistance after breakout run

Index is approaching level it failed twice this year to breach Relative-strength index suggests crypto market...

Technology coy highlights 4 ways business software providers protect data

By Stellamaris Ashinze Lagos, July 31, 2020 A global technology company, Zoho Corporation on Friday highlighted...

Study shows number of COVID-19 cases in Italy higher than expected

Rome, Aug. 4, 2020 (dpa/Naija247news) A study published on Tuesday in Italy showed that six...

Lack of good COVID-19 Test-Trace System can lead to 2nd wave – UK scientists

London, Aug. 4, 2020 (Sputnik/Naija247news UK scientists have warned that a second wave of coronavirus...

10,000 professionals to participate in 2020 ICPSP COVID-19 virtual conference – Registrar

By Rukayat Adeyemi Lagos, Aug. 3, 2020 (NAN) Acting Registrar, Institute of Corporate and Public Sector...

15 countries purchase Russia’s Avifavir COVID-19 medication – Direct Investment Fund

Moscow, Aug. 3, 2020 Russia says it is delivering its Avifavir medication against COVID-19...

Study finds people can transmit coronavirus to cats, dogs

Greifswald (Germany), Aug. 3, 2020 A study by Italian scientists has found that people...

CURRENCIES

Investors reprice on Naira assets risk, driving yield on OMO bills, domestic bonds

The spread of the COVID-19 disease across the world triggered unanticipated global financial market volatility...

FGN Bond Yields Moves in Mixed Directions across Maturities…

In the just concluded week, the values of FGN bonds traded at the over-the-counter (OTC)...

NIBOR Moderates for All Maturies amid Financial System Liquidity Ease…

In the just concluded week, CBN refinanced N265.95 billion T-bills which matured via the primary market...

Naira Appreciates Against USD at I&E FX Window…

In the just concluded week, Naira appreciated slightly against the USD at the Investors and...

FGN Bond Stop Rates Fall for All Maturities Auctioned amid Demand Pressure…

In the just concluded week, DMO sold FGN bonds worth N177 billion at the primary...

WORLD

How to Prevent the Looming Sovereign-Debt Crisis

From Latin America’s lost decade in the 1980s to the more recent Greek crisis, there are plenty of painful reminders of what happens when countries cannot service their debts. A global debt crisis today would likely push millions of people into unemployment and fuel instability and violence around the world.

Humanist Eid-Kabir Message to Muslims: Tolerate Others So That You Be Tolerated By Leo...

To all Muslims across the country, I send you once again my heartfelt greetings and salutations on behalf of humanists and atheists in Nigeria...

If There’ll Be A Revolution In Nigeria, The Almajiris, Not BBNaija-loving Youth Will Stir...

2020 If Nigeria’s young are timid, tractable and apathetic to economic and political issues affecting their country, blame the anvil on which they are forged....

GLOBAL ENTREPRENUERS

Africa’s biggest humanitarian, Aliko Dangote has assured Nigerians and Africans that the battle against the coronavirus global pandemic will be won through concerted commitment all stakeholders on fight against the scourge that has also hit Nigeria and the continent on several fronts. In a goodwill message released on the occasion of his 63rd birthday on Friday, April 10, the foremost...

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