FG slashes budget by N1.5tn, reduces benchmark to $30
The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as…
Month: March 2020
FG Approves Reduction of Petrol Price
he Federal Government has approved the reduction of the pump price of Premium Motor Spirit…
America Looking To Send Cheques To Citizens In Aid Package Worth $250bn
US Treasury Secretary Steven Mnuchin says he supports sending money directly to Americans as part…
Coronavirus: Pound plunges to its lowest level in over 30 years
The pound has fallen to its lowest level against the dollar since 1985, as the…
Europe sets up emergency lifeline worth billions
The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £700bn) package to ease…
‘Nigeria needs strategic coping mechanisms as global recession looms’
Though some initiatives are being undertaken by the Federal Government to mitigate the effect of…
America could lose 1 million jobs in March, former Trump adviser warns
The United States could lose up to 1 million jobs in March because of the…
Apple brings back ‘scissor’ keyboards in latest MacBook Air
Apple Inc (AAPL.O) launched an updated version of its MacBook Air on Wednesday, modifying keyboards…
Boeing leads Wall Street slump as corporate damage grows
Wall Street’s main indexes sank again on Wednesday, as growing signs of coronavirus damage to…
BREAKING: FG Places Travel Ban on China, Italy, and Nine Other Countries
The countries are China, Italy, Iran, South Korea, Spain, Japan, France, Germany, Norway, the United…
Wall Street’s New Virtual Workplace May Outlast the Virus
‘The outbreak has created the urgency to try out new ideas’ In Hong Kong, bankers…
The Only Question on South African Rate Cut May Be ‘How Much?
The debate around South African interest rates has now moved from whether the central bank…
How the Oil Crash Is Hitting Emerging-Market Currencies
Oil’s plunge has stung currencies across emerging markets, and there’s probably worse to come. For…
Inflation Hits 12.20 Percent In February 2020
Nigeria’s headline inflation has recorded yet another rise to 12.20 percent in February, from the…
Reps condemn prepaid cable subscription, calls for ‘pay per view’ subscription plan
The Nigerian House of Representatives has said it would investigate satellite cable television service providers…
Adidas joins Nike in announcing store closures over coronavirus
German sportswear maker Adidas (ADSGn.DE) on Tuesday joined rivals in announcing store closures in response…
Oil drops to $28, as dollar exchanges for N369
The price of Brent crude oil, the international benchmark, further declined on Tuesday, trading around…
Economic council meets Buhari, warns of another recession
The Presidential Advisory Council on Tuesday warned about dire economic consequences for Nigeria if the…
China to expel New York Times, Wall Street Journal and Washington Post reporters
China has announced it will expel journalists from three US media outlets, in a major…
Spain unveils ‘unprecedented’ 200 billion euros coronavirus package
Spain announced a 200 billion euros ($220 billion) package on Tuesday to help companies and…
Indian Contractor With Dangote Shows Symptoms of Corona Virus
An Indian contractor with Dangote with symptoms of Coronavirus has been rushed to the hospital…
CBN grants businesses one-year extension on loan repayment
The Central Bank of Nigeria on Monday announced policy measures to tackle the impact of…
Rivers port set to receive first RoRo vessel
The Nigerian Ports Authority has announced that the Rivers port is set to receive its…
BREAKING: UEFA Postpones Euro 2020
UEFA has postponed the European Championship, due to take place across the continent in June…
Slow global Internet connection imminent over work-from-home policies, streaming demand
With many companies implementing a mandatory work-from-home policy as a precaution against coronavirus, widespread adoption…
India closes Taj Mahal, Pakistan cases spike after quarantine errors
India closed the Taj Mahal, its principal tourist site, and the financial hub of Mumbai…
Nigeria stocks record mid-day gain of N150bn despite Coronavirus fears
Equity investors at the Nigerian Bourse are buying value stocks despite renewed fear of Coronavirus…
FX market opens with dollar trading at N380
The foreign exchange market opened on Tuesday with the dollar trading at between N378 and…
More pain for Nigeria as oil sinks to $29
With the international oil benchmark, Brent crude, falling below the $30 per barrel mark on…
The global coronavirus recession is beginning
As restaurants, shops, airlines and factories shut down around the world, from New York to Paris and Madrid, economists are…