Coronavirus: Government to pay up to 80% of workers’ wages
The UK government will pay the wages of employees unable to work due to the coronavirus pandemic, in a…
Day: March 20, 2020
Coronavirus: Dow erases Trump presidency gains
The Dow Jones Industrial Average of 30 major American companies fell more than 4.5% on Friday, erasing all the gains…
Coronavirus: South Africa grounds international flights till may
South Africa’s flag carrier on Friday suspended all international and regional flights until the end of May following a travel…
Lagos to shut down clubs and bars to curb spread of coronavirus
In a bid to curb the spread of the novel coronavirus, the Lagos State government has decided to shutter night…
stocks record worst week since the global recession of 2008
US stocks ended Friday’s session lower, although the losses were more contained than they have been in previous weeks. Even…
Bankruptcies about to rise – Bank of America
The market meltdown of the past few weeks is hurting various corners of the financial system. One area in which…
Hyundai to introduce electrics SUV Into Nigeria
Stallion Motors, an auto assembler and franchisee of nine global brands including Hyundai, has announced plans to introduce electric sport…
Coronavirus: Fayemi asks Ekiti civil Servants to work from home
Ekiti State Governor, Dr Kayode Fayemi, on Friday, barred social, political, religious and family gatherings of more than 20 persons…
Petrol price: IPMAN pleads for time
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pleaded for time to enable members exhaust their old stock of…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
The Central Bank of Nigeria has moved the FX sales rate to FPIs to N380.2/$, from N366.7/$, in a move…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
An analyst in Lagos confirmed to BusinessDay that CBN sold the dollar at N380.2 on the I&E window today, Friday.…
Tourists’ departure leaves Madagascar forlorn as coronavirus fears bite
On a pristine island off the northwest coast of Madagascar famous for its orchids and turquoise, turtle-filled waters, residents are…
Egypt to shut all cafes, malls, sports clubs in evenings until March 31
Egypt said on Thursday it would shut all cafes, shopping malls, sports clubs and nightclubs from 7 p.m. until 6…
Coronavirus: Banks advice customers to use digital platforms
Banks in the country have urged their customers to utilise their digital self-service solutions because of the coronavirus affecting different…
Stock market loses N371bn in one day
Transactions on the Nigerian Stock Exchange on Thursday halted the previous day’s gain with a loss of 3.12 per cent.…
NYSC suspends CDS indefinitely
The National Youth Service Corps has suspended its weekly Community Development Service activities indefinitely, according to a statement released on…
Dollar exchanges for N374
On Thursday, the naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of…
Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that…
Coronavirus: Netflix To Reduce Streaming Quality In Europe To Avoid Overload
Netflix will reduce the quality of its streaming in Europe to ease pressure on the internet, the firm said, as…
Apple Limits Online Purchase of iPhones To Two Per Person
Apple Inc (AAPL.O) is limiting customer purchases of iPhones over its online stores in many countries including the United States and China to a maximum of two handsets per person
Oil rises to $28, halting losing streak
The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel as the United…