NEWS

Only Oprah can make $12 million in an hour with one tweet

You get a loaf. You get a loaf. You get a loaf. Oprah Winfrey’s love for bread made her $12 million in just over an hour on Tuesday. The media mogul and the largest individual stakeholder in Weight Watchers International Inc. tweeted a video at 12:09 p.m. Eastern time professing that she had lost 26 pounds while eating bread every day. Over the next hour, Weight Watchers shares WTW, +19.51% rallied more than 16%. (more…)

by kenneth 0
NEWS

Nigeria’s reserves fall by $92m in 24 hours

It is a new year, but the same old story of falling reserves has refused to go away, with the Nigerian forex stock falling by $91,571,740 in 24 hours. The $91.6 million fall in Nigeria’s reserves is about the biggest decline since the Central Bank of Nigeria (CBN) implemented the use of bank verification number (BVN) in forex trading. According to the latest figures from the CBN, the reserves closed year 2015 at $29,069,779,152 and opened in 2016 at $28,978,207,412, losing approximately $92 million in one trading day. (more…)

by kenneth 0