Banking World US Fed Sets Up Scheme To Meet Booming Foreign Demand For Dollars March 31, 2020 Ekemini Central bank meets global shortage of greenbacks after scramble for safety. Investors and companies have flocked to the safety of US dollars to offset the blow to revenues from widespread…
Banking Business World Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus Times. March 31, 2020 Ekemini Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times The Fed’s “buy everything” mode provides firepower to fiscal stimulus, positive for the economy. Guaranteeing debt makes more…
World Dow Posts Worst Quarterly Drop Since 1987 March 31, 2020 Ekemini Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial…
Local Coronavirus: NCDC Announces Four New Cases In Abuja And Lagos March 31, 2020 Ekemini The Nigeria Centre for Disease Control has announced four new cases of coronavirus in Nigeria. According to agency, three of the cases are in the Federal Capital Territory, Abuja and…
Local Naira Slumps Further, Dollar Sells for N412 March 31, 2020 Ekemini The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary suspension of sale of forex to the Bureau De Change…
Technology World Huawei warns China will strike back against new U.S. restrictions March 31, 2020 Ekemini Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which dealt a blow to its overseas sales in 2019, and predicted…
Local Unilever Nigeria records N60.5 billion revenue in 2019 March 31, 2020 Ekemini The audited financial statement shows a turnover of N60.5 billion in the year under review. The figure is a decline compared to N92.89 billion recorded for the corresponding year, 2018.
Local ‘We Don’t Work, We Don’t Eat’, Informal Workers In Lagos Bemoan Lockdown Of The City March 31, 2020 Ekemini Many countries in Africa are imposing lockdowns on their citizens as they race to curb the spread of coronavirus. But it has further highlighted the wide gulf between rich and…
Business Coronavirus: Amazon And Instacart Workers Begin Strike March 31, 2020 Ekemini Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike organizer Gig Workers Collective, founded earlier this year by Instacart…
Local CBN temporarily suspends cheque clearing during Coronavirus lockdown March 31, 2020 Ekemini The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian Interbank Settlement System (NIBSS) are to suspend the clearing of…
World Coronavirus: Messi Says Barcelona Players Will Take 70% Pay Cut March 31, 2020 Ekemini Barcelona captain Lionel Messi has announced that all players of the Catalan club will take a 70% pay cut during the coronavirus pandemic and shut down to ensure non-playing staff…
Local Nigeria’s Coronavirus Cases Hits 135 March 31, 2020 Ekemini Four new cases of coronavirus have been reported in Nigeria. Of the four, three were recorded in Osun State and one in Ogun State. The Nigeria Centre for Disease Control…
Business Huawei posts 5.6% rise in 2019 profit, but it’s the smallest increase in three years March 31, 2020 Ekemini Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a year earlier. Its carrier business, which includes 5G mobile network…
World Coronavirus: American Airlines to seek $12bn in government aid March 31, 2020 Ekemini American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact of coronavirus. Employees were told in an email this “would…
Local As Oil Price Continues To Fall, Experts Believe Further Cut In 2020 Budget Imminent March 31, 2020 Ekemini The latest development in the international oil market may have rendered inoperative the recently reviewed oil price benchmark for 2020 budget as Nigeria’s premium crude grade, yesterday, crashed to $20.59…
Africa South Africa’s Rand Hits Record Low As Moody Downgrades The Country’s Rating March 30, 2020 Ekemini The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering slightly Monday. This came after the credit rating agency cut South Africa’s rating…
World US begin Evacuation Of Citizens From Nigeria March 30, 2020 Ekemini The United States Mission in Nigeria has announced the commencement of evacuation of its citizens from Nigeria. This is happening after Germany, Israel, and France evacuated their nationals following the…
World J&J, Moderna sign deals with U.S. to produce huge quantity of possible coronavirus vaccines March 30, 2020 Ekemini There are currently no approved treatments or vaccines specifically for COVID-19, the respiratory disease that has killed more than 35,000 people and infected over 745,000 globally in just a few…
Local Autosales Dropped Drastically In March March 30, 2020 Ekemini U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely…
Local Fidelity Bank To Shut Down Branches In Lagos, Ogun, And Abuja March 30, 2020 Ekemini Fidelity Bank on has announced that it would close all its branches in Lagos, Ogun and the Federal Capital Territory for 14 days with effect from Tuesday. The Bank however…
World Ford, GE to produce 50,000 ventilators in 100 days March 30, 2020 Ekemini Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared by the Food and Drug Administration, can meet the needs…
Local ATMs, e-Payments Platforms To Be Functional During Lockdown March 30, 2020 Ekemini The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, and the Central Bank of Nigeria Governor, Mr Godwin Emefiele, have said that the financial sector will continue to…
Local Coronavirus: FG grants 3 months moratorium for repayment of all govt funded loans March 30, 2020 Ekemini As part of its efforts to cushion the economic effects of the Coronavirus pandemic, the Federal government has granted a three month repayment moratorium for all government funded loans. This…
Local COVID-19: Federal Government Prepares Fiscal Stimulus Package March 30, 2020 Ekemini The federal government has drawn up a stimulus package to cushion the impact of the dreaded Corona Virus. Under the stimulus plan, federal government will re-introduce the 2012 corporate tax…
World Hundreds Of Thousands Flee Indian Capital In Mass Exodus March 30, 2020 Ekemini Streets around the Indian capital Delhi have been filled with people walking to reach their villages in neighbouring states. This comes after President Modi announced a complete lockdown of the…
World Vincent van Gogh painting stolen from museum in overnight raid March 30, 2020 Ekemini A Dutch museum that is currently closed to prevent the spread of the coronavirus said Monday a painting by Vincent van Gogh on loan for an exhibition was stolen in…
Local Coronavirus: Oil price collapses to lowest level for 18 years March 30, 2020 Ekemini The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus pandemic. Brent crude fell to $22.58 a barrel at one…
World Coronavirus: EasyJet grounds entire fleet of planes due to virus March 30, 2020 Ekemini EasyJet has grounded its entire fleet of planes and said it cannot give a date for when they will restart. The budget airline said it had made the move due…
World Amazon workers to stage a walkout Monday, demanding closure of Staten Island facility March 30, 2020 Ekemini Amazon employees at the company’s Staten Island, New York, facility plan to walk off the job Monday amid allegations the online retail giant has mishandled its response to the coronavirus…
World Abbott Launches 5-Minute Coronavirus Test for Use Almost Anywhere March 29, 2020 Ekemini Abbott is unveiling a coronavirus test that can tell if someone is infected in as little as five minutes, and is so small and portable it can be used in…
