NSE Shuts Trading Floors, Resorts To Remote Trading Because Of Corona Virus
Following the raging effect of COVID-19 in the country, the Nigerian Stock Exchange will temporarily close its trading floors and…
Day: March 23, 2020
NCDC Confirms 4 New Coronavirus Infections
The Nigeria Centre for Disease Control has announced four new coronavirus infections in the country. The announcement states that Nigeria’s…
Canada Sees More Restrictions Coming As Coronavirus Cases Soar
Many Canadians can expect more restrictions after the number of coronavirus cases in the country jumped significantly. New diagnosed cases spiked…
Johnson Announces Strict New Rules To Curb Coronavirus
Strict new curbs on life in the UK to tackle the spread of coronavirus have been announced by the prime…
Historic Fed Boost Fails To stop Wall Street’s Virus-Driven Sell-Off
Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves…
Amazon Teams Up With Bill Gates-Backed Group To Deliver Coronavirus Test Kits
Amazon.com Inc (AMZN.O) is partnering with a research program funded by Bill Gates to pick up and deliver coronavirus test…
Merkel Tests Negative For Coronavirus
Angela Merkel’s initial test for coronavirus came back negative, a government spokesman said on Monday, adding that the German chancellor…
FIRS Generates N338bn in January
The Federal Inland Revenue Service, FIRS, collected tax revenue of N338.1 billion in January. The figure was slightly above average…
Fed takes emergency action to stave off a depression
The Federal Reserve is signaling it will do whatever it takes to save the coronavirus-ravaged American economy from a depression.…
UBA And Transcorp Postpone AGMs
United Bank for Africa (UBA) and Transcorp have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent…
ABCON Directs BDCs To Comply With N380/$ Official Rate
The Association of Bureaux De Change Operators of Nigeria (ABCON) has directed bureaux de change (BDCs) across the country to…
Coal Is Now the World’s Most Expensive Fossil Fuel
Oil’s epic collapse over the past month means the global crude benchmark is now priced below the most widely traded…
U.S. Futures Reverse Drop, Bonds Up on Fed Pledge
U.S. equity futures reversed a decline and Treasuries extended an advance after the Federal Reserve on Monday announced a massive second…
Banks Adjust Operations, Advice On E-Channels Over Coronavirus Pandemic
Over the weekend, some Nigerian banks worked out plans to prevent exposure of their staff and curb the spread of…
Chloroquine Effective In Treating Covid19 – Chinese Ministry Of Science and Technology
This is based on the results of Clinical Trials which confirms that Chloroquine Phosphate primarily used in the treatment of Malaria has some curative effect on the Covid-19 disease currently ravaging the globe.
BREAKING: NCDC Announces First Coronavirus Death in Nigeria
The Nigeria Centre for Disease Control has confirmed the first coronavirus death in Nigeria. The NCDC via its Twitter handle,…
Walmart ups minimum wage in e-commerce warehouses by $2 as orders surge on virus worries
Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2, following…
Stocks crumble as more nations shut for business to curb virus
Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion…
Stanbic IBTC Declares N75b Profit For 2019
STANBIC IBTC Holdings Plc has declared a profit after tax of N75 billion for the year ended December 31, 2019,…
MTN workers start working from home
MTN Nigeria on Sunday said its employees would start working from home as part of the precautionary measures to stop…
SoftBank to sell up to $41 billion in assets to expand share buyback, cut debt
SoftBank Group Corp (9984.T) said on Monday it is selling up to 4.5 trillion yen ($41 billion) in assets to…
Central banks deploy record sums to break financial logjam, but may need more
Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up,…
McDonald To Close All Restaurants In The UK By End Of Monday
McDonald’s will close all 1,270 of its restaurants in the UK by the end of Monday, as fears over the…
Breaking: Atiku’s Son Tests Positive For Coronavirus
Former Vice-President of Nigeria, Atiku Abubakar has announced that is son has tested positive for coronavirus. The former Presidential candidate…