Stocks Sink On New COVID Variant; Dow Has Worst Day Of Year
Stocks closed sharply lower on Wall Street Friday after a coronavirus variant from South Africa appeared to be spreading across the globe. The Dow Jones Industrial Average lost 905 points. The S&P 500 index fell 2.3%, its worst day since February and the Nasdaq composite had its worst drop in two months. Travel and energy […]
Tesla’s Musk Exercises More Options, Sells Shares Worth $1.05bn
Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, U.S. securities filings showed on Tuesday. The world’s richest person had on Nov. 6 tweeted that he would sell 10% of his stock if users of the social media […]
Why Tinubu’s Daughter Shut Down Oyingbo Market – Official
Market executives at the Oyingbo market in Lagos have explained why their market was shut down for two weeks by Folashade Tinubu-Ojo, President-General of the Association of Commodity Market Women and Men of Nigeria. The Oyingbo market is well-known throughout Lagos and abroad for its foodstuff. Following the market’s two-week closure, traders flocked to the […]
China Satisfied With Boeing 737 MAX Changes, Seeks Industry Feedback
China’s aviation regulator has told airlines it is satisfied that design changes Boeing Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies. The Civil Aviation Administration of China (CAAC) invited airlines to give feedback on a proposed […]
Inflation Causing Spike In Cost Of Groceries As Holiday Season Approaches, Food Banks Stretched Thin
Inflation is causing a spike in prices and people are noticing, especially with the holiday season right around the corner. “When I go to Costco or BJ’s I see everything is $3 more,” said Ana Terrero, a Bronx resident. Terrero is now being forced to change her grocery shopping habits. “I’m buying less, if I […]
Biden Visits Baltimore Port Amid Supply Chain, Inflation Woes
President Joe Biden visited Baltimore on Wednesday to tout his infrastructure bill and highlight his administration’s work to ease port delays as the country approaches the holiday season with rising inflation and delivery slowdowns on the horizon. Biden’s visit came five days after Congress passed his $1.2 trillion infrastructure bill that, among myriad investments in […]
Musk Asks Twitter Followers If He Should Sell 10% Of Tesla Stock
Tesla Inc Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock. The world’s richest person had previously said he could face a “massive” tax bill this year as he has to exercise a large number of stock options coming due […]
Nigerian Banks Shut Down 234 Branches, 649 ATMs In 2020— IMF
According to the International Monetary Fund (IMF), Nigerian banks closed 234 branches and 649 Automated Teller Machines (ATMs) in 2020, lowering the country’s Financial Access Score (FAS) to 4.44 in 2020, down from 4.78 in 2019. This was revealed in the IMF’s Financial Access Survey 2021 Trends and Developments, which was published yesterday. The international […]
Barclays CEO Staley Leaves Due To Findings Of Epstein Probe
Barclays (BARC.L) said on Monday that chief executive Jes Staley is to stand down following British regulators’ investigations into his dealings with Jeffrey Epstein. The bank said it was made aware on Friday evening of the preliminary conclusions from the Financial Conduct Authority and the Prudential Regulatory Authority’s investigation into Staley’s characterisation to Barclays of […]
Merchants Have Yet To Leverage On The eNaira App As Downloads Remain At 220,000
The initial euphoria that greeted the launch of the eNaira last Monday appears to have died down, as the number of downloads has decreased in the last five days, rising from around 180,000 on Tuesday to around 220,000 on Sunday. The number of downloads of the eNaira Speed Wallet and the eNaira Merchant Wallet combined […]
