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Day: March 6, 2020

Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid coronavirus concerns.
FeaturesTechnologyWorld

Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid coronavirus concerns.

Tech companies have canceled some high-profile conferences, causing an estimated economic loss of $666 million amid coronavirus concerns. Here’s what’s…

byEkeminiMarch 6, 2020
Traders Dust Off Old Disaster Hedge With Virus Fear Escalating
AfricaFeaturesInvestingWorld

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 protection against…

byEkeminiMarch 6, 2020March 6, 2020
South Africa’s rand steady in calm trade after coronavirus slide
Africa

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 after the…

byEkeminiMarch 6, 2020
Gucci cancels fashion cruise due to rising coronavirus concerns
World

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. Newsmen reports that…

byEkeminiMarch 6, 2020
Coronation Merchant Bank declares N5.09bn profit after tax for 2019
BankingLocal

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 ended Dec.…

byEkeminiMarch 6, 2020
Foreign investment inflow reverses trend
BusinessLocal

Foreign investment inflow reverses trend

Foreign Direct Investment (FDI) into Nigeria may have returned to the downward trend after a mild recovery in 2018. The…

byEkeminiMarch 6, 2020
Coronavirus: Fear returns to stock markets
BusinessWorld

Coronavirus: Fear returns to stock markets

Global stock markets have fallen sharply as investors continue to worry about the broader economic effects of the coronavirus. London’s…

byEkeminiMarch 6, 2020
StanChart grows full-year profit by eight per cent
BankingLocal

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 share by…

byEkeminiMarch 6, 2020March 6, 2020
Unity Bank introduces USSD in Nigerian languages
BankingLocalTechnology

Unity Bank introduces USSD in Nigerian languages

Unity Bank Plc has launched an Unstructured Supplementary Service Data, USSD banking in Nigeria’s three major languages – Yoruba, Hausa…

byEkeminiMarch 6, 2020
Stanbic IBTC nets N75b profit in 2019
BankingLocal

Stanbic IBTC nets N75b profit in 2019

Stanbic IBTC Holdings Plc recorded a net profit of N75.04 billion in 2019 as the financial holding company sustained steady…

byEkeminiMarch 6, 2020
Union Bank pays first dividend in 11 years
BankingLocal

Union Bank pays first dividend in 11 years

Union Bank of Nigeria (UBN) Plc on Thursday announced a dividend recommendation of about N7.3 billion for the 2019 business…

byEkeminiMarch 6, 2020
What does Coronavirus outbreak mean for investors?
AfricaBusinessInvestingLocalWorld

What does Coronavirus outbreak mean for investors?

From Wuhan, one of China’s most populous cities, the 2019 novel Coronavirus (2019-nCoV) has now spread to 74 more countries,…

byEkeminiMarch 6, 2020March 6, 2020
US markets in sharp drop amid rollercoaster over coronavirus
BusinessInvestingWorld

US markets in sharp drop amid rollercoaster over coronavirus

US stock markets closed sharply lower again on Thursday as fears about fallout from the virus outbreak sent more shudders…

byEkeminiMarch 6, 2020March 6, 2020
Embattled Twitter chief Dorsey reconsiders Africa move amid coronavirus concerns
TechnologyWorld

Embattled Twitter chief Dorsey reconsiders Africa move amid coronavirus concerns

Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey said on Thursday he is reconsidering a proposed stint in Africa this…

byEkeminiMarch 6, 2020March 6, 2020
OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak
BusinessFeaturesWorld

OPEC seeks big oil cut in crunch talks with Russia amid virus outbreak

OPEC holds crunch talks with its allies on Friday after the group told Russia and others it wanted an additional…

byEkeminiMarch 6, 2020March 6, 2020

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