Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
The U.S. Federal Reserve’s balance sheet rocketed past $5 trillion in assets for the first time this week as it…
Day: March 26, 2020
Nigeria Records 14 New Cases Of Coronavirus
The Nigeria Centre for Disease Control (NCDC) has confirmed 14 new cases of coronavirus in Nigeria. Total number of confirmed…
S&P, Moody’s Cut Credit Grades At Fastest Pace In A Decade
S&P Global Ratings and Moody’s Investors Service are downgrading U.S. companies at the fastest pace in more than a decade…
A Bull Market in Banks and Other Weird Facts of the Stock Bounce
Moves in stock sectors that ordinarily take months and years to play out are happening in days as investors struggle…
Technically Speaking, The Dow Just Rocketed Out Of A Bear Market
As ridiculous as it sounds, the Dow Jones Industrial Average just climbed out of the bear market it entered two weeks ago.
The Gold Market Is Being Tested Like Never Before
From South Africa’s ultra-deep mine shafts to vaults underneath London, from metals traders in New York skyscrapers to main street…
Coronavirus: UK Death Toll Jumps To More Than 100 In Largest Single Day Rise
The number of people to have died across the UK after contracting the Covid-19 coronavirus has increased to 104, health officials have confirmed. A…
Oil Price May Fall To $10 A Barrel As World Runs Out Of Storage Space
The world may soon run out of space to store its extra oil as Saudi Arabia prepares to increase its…
Coronavirus: IMF, World Bank Suspend Debt Payments By Nigeria, Others
The International Monetary Fund and World Bank on Wednesday announced a hold on debt payments from Nigeria and other sub-Saharan Africa…
Coronavirus: UBA Donates 5bn To Fight The Epidemic
United Bank for Africa Plc (UBA) has donated over N5bn ($14 million) through the UBA Foundation, to catalyse a comprehensive…
Breaking: US charges Venezuela’s President, Maduro with narco-terrorism
The US has charged Venezuela’s President Nicolás Maduro and other senior officials in the country with drug trafficking crimes. The…
NNPC spent N218.18bn on ailing refineries in 2019
Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The…
Coronavirus: A Record 3.28million Americans File For Unemployment Benefits
A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to…
Coronavirus: Kenya Bans The Importation Of Second-hand Clothes
Kenya has banned the importation of second-hand clothes, popularly known as “mitumba”, as a way of limiting the spread of…
Czech breweries turn to bottles and cans as pubs close
Czech breweries — including Pilsner Urquell and Budejovicky Budvar — have stopped refilling kegs and started storing their beer in…
Drugmakers Mylan And Pfizer Delay Merger Due To Coronovirus Outbreak
Drugmaker Mylan NV’s (MYL.O) merger with Pfizer Inc’s (PFE.N) off-patent branded drug unit, Upjohn, will now close in the second…
Trump Wants To Reopen The American Economy By Easter
The president, who is concerned about the economic repercussions of an extended shutdown of nonessential business, said in a television…
Lagos State To Disinfect Bus stops, Motor Parks And Public Spaces
The Lagos State Government has commenced the disinfection of public spaces, like motor parks, bus stops, in a bid to…
FG To Ban Inter-state Travel
The Federal Government has announced plans to ban inter-state travel and also close down motor parks as part of measures…
Worldwide Smartphone Sales Dropped 14% in February
Global smartphone sales tumbled 14% in February as the coronavirus spread in China and overseas, Counterpoint Research said on Thursday,…
Airbnb holds meeting with bankers to extend $1 billion debt facility
Airbnb Inc on Wednesday held a phone meeting with bankers to discuss extending an existing $1 billion debt facility as…
NCDC Announces Two New Cases Of Coronavirus: one in Lagos and one in Osun
NCDC has confirmed two new cases of COVID-19 in Nigeria: one in Lagos and one in Osun. According to NCDC,…
US markets close higher after emergency economy relief package
US markets gained again as Donald Trump and the Senate agreed a massive economic relief package worth more than $1.8…
The Worst Isn’t Over For China’s Economy
China’s economy was devastated by the novel coronavirus outbreak in the first two months of the year, according to data published Monday,…
Instagram Advises Users To Stay At Home
For years, Instagram has been synonymous with travel and experiences. Its users fill their feeds with carefully filtered and cropped…
Budget: FG slashes oil benchmark from $57 to $30 per barrel
The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57…
Asian markets tread cautiously ahead of U.S. stimulus, jobs
Senate leaders hope to vote on the plan later on Wednesday in Washington, but it still faces criticism. The bill…