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Day: March 31, 2020

US Fed Sets Up Scheme To Meet Booming Foreign Demand For Dollars
BankingWorld

US Fed Sets Up Scheme To Meet Booming Foreign Demand For Dollars

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 economic shutdowns.

byEkeminiMarch 31, 2020
Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus Times.
BankingBusinessWorld

Why Is The US Fed´s Unlimited Money-Printing Scheme Dollar Positive In Coroanvirus Times.

  Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times The Fed’s “buy everything” mode provides firepower…

byEkeminiMarch 31, 2020
Dow Posts Worst Quarterly Drop Since 1987
World

Dow Posts Worst Quarterly Drop Since 1987

Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the…

byEkeminiMarch 31, 2020March 31, 2020
Coronavirus: NCDC Announces Four New Cases In Abuja And Lagos
Local

Coronavirus: NCDC Announces Four New Cases In Abuja And Lagos

The  Nigeria Centre for Disease Control has announced four new cases of coronavirus in Nigeria. According to agency, three of…

byEkeminiMarch 31, 2020
Naira Slumps Further, Dollar Sells for N412
Local

Naira Slumps Further, Dollar Sells for N412

The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary…

byEkeminiMarch 31, 2020March 31, 2020
Huawei warns China will strike back against new U.S. restrictions
TechnologyWorld

Huawei warns China will strike back against new U.S. restrictions

  Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which…

byEkeminiMarch 31, 2020March 31, 2020
Unilever Nigeria records N60.5 billion revenue in 2019
Local

Unilever Nigeria records N60.5 billion revenue in 2019

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.

byEkeminiMarch 31, 2020
‘We Don’t Work, We Don’t Eat’, Informal Workers In Lagos Bemoan Lockdown Of The City
Local

‘We Don’t Work, We Don’t Eat’, Informal Workers In Lagos Bemoan Lockdown Of The City

Many countries in Africa are imposing lockdowns on their citizens as they race to curb the spread of coronavirus. But…

byEkeminiMarch 31, 2020March 31, 2020
Coronavirus: Amazon And Instacart Workers Begin Strike
Business

Coronavirus: Amazon And Instacart Workers Begin Strike

Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike…

byEkeminiMarch 31, 2020
CBN temporarily suspends cheque clearing during Coronavirus lockdown
Local

CBN temporarily suspends cheque clearing during Coronavirus lockdown

The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian…

byEkeminiMarch 31, 2020March 31, 2020
Coronavirus: Messi Says Barcelona Players Will Take 70% Pay Cut
World

Coronavirus: Messi Says Barcelona Players Will Take 70% Pay Cut

Barcelona captain Lionel Messi has announced that all players of the Catalan club will take a 70% pay cut during…

byEkeminiMarch 31, 2020
Nigeria’s Coronavirus Cases Hits 135
Local

Nigeria’s Coronavirus Cases Hits 135

Four new cases of coronavirus have been reported in Nigeria. Of the four, three were recorded in Osun State and…

byEkeminiMarch 31, 2020
Huawei posts 5.6% rise in 2019 profit, but it’s the smallest increase in three years
Business

Huawei posts 5.6% rise in 2019 profit, but it’s the smallest increase in three years

Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a…

byEkeminiMarch 31, 2020
Coronavirus: American Airlines to seek $12bn in government aid
World

Coronavirus: American Airlines to seek $12bn in government aid

American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact…

byEkeminiMarch 31, 2020
As Oil Price Continues To Fall, Experts Believe Further Cut In 2020 Budget Imminent
Local

As Oil Price Continues To Fall, Experts Believe Further Cut In 2020 Budget Imminent

The latest development in the international oil market may have rendered inoperative the recently reviewed oil price benchmark for 2020…

byEkeminiMarch 31, 2020

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