As Coronavirus Spreads Globally, Countries Begin To Hoard Food
It’s not just grocery shoppers who are hoarding pantry staples. Some governments are moving to secure domestic food supplies during…
Month: March 2020
Here Are The Businesses Exempted From The 14-days Shut Down Of Lagos, Abuja And Ogun State
Nigeria’s President, Muhammadu Buhari on Sunday announced a 14-day shut down of business, economic and social activities in Lagos State,…
How Coronavirus And Oil Price Collapse Destroyed Global Financial Markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply,…
Spain is battling the black marketeers and price-gougers of the coronavirus crisis
Ernesto Ruiz Lopez, a pharmacist in Madrid, says he’s never seen anything like this. He can’t get protective masks, gloves or hand sanitizer…
Buhari’s Full Speech On Coronavirus
Fellow Nigerians, From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared…
Breaking: FG Locks Down Lagos, Ogun And Abuja
The President, Major General Muhammadu Buhari (retd), has announced a total restriction of movement in Abuja, Lagos, and Ogun States starting tomorrow.…
African Development Bank Launches Record Breaking $3bn ‘Fight COVID-19’ Social Bond
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and…
Coronavirus: NNPC, 33 Other Oil Firms Donate ₦11.4bn
The Nigerian National Petroleum Corporation and 33 of its partners in the oil and gas sector have contributed $30 million,…
Virgin Atlantic To Seek For Bailout
Virgin Atlantic is applying for hundreds of millions of pounds in state aid to keep afloat during the coronavirus crisis,…
Breaking: Plane Explosion in Philippines Kills 8
A medical evacuation plane exploded during take-off in the Philippine capital on Sunday, killing all eight passengers and crew, including…
Unknowns Await Emerging Markets After Wildest Moves Since 2008
As most nations brace themselves for a likely surge in coronavirus cases through April, the signals from the developing world…
Qatar Airways To Need Bailout As Cash Runs Out
Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the…
Cristiano Ronaldo And Juventus Squad Gives Up 4 Months Salary In Fight Against Coronavirus
With football on hold across the world, Juventus’ first-team squad and coach Maurizio Sarri have agreed to give up four…
South Africa May Approach IMF Over Virus Impact
South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal with…
S&P Sees Dubai Property Prices Dropping To Levels Seen In 2010
The widening coronavirus pandemic could see Dubai property prices falling to levels last seen 10 years ago, according to S&P Global Ratings.…
Frozen U.K. Home Market Leaves Buyers Wondering Where To Go
With about a quarter of the world in lockdown, the order to stay at home has taken on a new dimension for one of Britain’s favorite pastimes: property. The government effectively froze the housing market last week because of coronavirus, urging transactions and mortgage offers be put on hold.
The Global Oil Market Is Broken, Drowning In Crude Nobody Needs
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies
This Weeks Take On Events In The World Economy And Their Fallout
The scale of global job losses caused by the coronavirus pandemic will become more apparent this week, as some of the world’s biggest economies release labor market data.
Ogun announces closure of borders for two weeks
The Ogun State Government has announced the closure of its borders with all neighbouring states and the international border with…
UK Housing Market Grinds To A Halt As Coronavirus Bites
Coronavirus has disrupted most areas of life — and home buying and selling are no exception. In the United Kingdom, mortgage…
Sanwo-Olu introduces stimulus for residents, targets 200,000 households in first phase
Lagos State Governor, Babajide Sanwo-Olu has unveiled an economic stimulus package for the indigent and the most vulnerable in the…
Nigeria Struggles To Sell Oil Despite Price Cut
Despite the significant reduction in its official selling prices aimed at wooing buyers, Nigeria is still struggling to sell its…
Zukerberg Sold $500m Worth Of Facebook Shares In February
Chief Executive Officer Mark Zuckerberg sold nearly $500 million in the company’s shares in February to fund his philanthropic investment…
Breaking: El-Rufai Tests Positive For Coronavirus
Governor of Kaduna state, Mallam Nasir El-Rufai has tested positive for Coronavirus. The former FCT Minister revealed this on his…
Lyft Advices Drivers To Work For Amazon
Amazon is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and groceries as the…
WeWork Cuts Another 250 Jobs in Further Attempt to Trim Costs
continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public offering…
Coronavirus: Virgin Atlantic to seek bailout in coming days
Virgin Atlantic is expected to ask for a government bailout worth hundreds of millions of pounds in the coming days,…
Dow Records Best Week since 1938 Despite Closing Lower
US stocks finished the session in the red on Friday, but that still managed to post on if it’s best…
Google is donating $800 million to help with the coronavirus crisis
Google is committing to donate more than $800 million to support businesses, organizations and healthcare workers as part of its…
Suspend VAT immediately, Tinubu tells FG
All Progressives Congress stalwart, and former Governor of Lagos State, Bola Tinubu, has asked the Federal Government to stop collection…