World As Coronavirus Spreads Globally, Countries Begin To Hoard Food March 29, 2020 Ekemini It’s not just grocery shoppers who are hoarding pantry staples. Some governments are moving to secure domestic food supplies during the conoravirus pandemic. Kazakhstan, one of the world’s biggest shippers…
Local Here Are The Businesses Exempted From The 14-days Shut Down Of Lagos, Abuja And Ogun State March 29, 2020 Ekemini Nigeria’s President, Muhammadu Buhari on Sunday announced a 14-day shut down of business, economic and social activities in Lagos State, Ogun State, and Abuja FCT. The President made this pronouncement…
World How Coronavirus And Oil Price Collapse Destroyed Global Financial Markets March 29, 2020 Ekemini How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply, it has probably been the most destructive sell-off since the…
World Spain is battling the black marketeers and price-gougers of the coronavirus crisis March 29, 2020 Ekemini 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 from his regular suppliers, because they won’t…
Local Buhari’s Full Speech On Coronavirus March 29, 2020 Ekemini Fellow Nigerians, From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and…
Local Breaking: FG Locks Down Lagos, Ogun And Abuja March 29, 2020 Ekemini The President, Major General Muhammadu Buhari (retd), has announced a total restriction of movement in Abuja, Lagos, and Ogun States starting tomorrow. The president said the restriction was to curb…
Local African Development Bank Launches Record Breaking $3bn ‘Fight COVID-19’ Social Bond March 29, 2020 Ekemini The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods and…
Local Coronavirus: NNPC, 33 Other Oil Firms Donate ₦11.4bn March 29, 2020 Ekemini The Nigerian National Petroleum Corporation and 33 of its partners in the oil and gas sector have contributed $30 million, about ₦11.4 billion to curb the coronavirus pandemic and reduce…
World Virgin Atlantic To Seek For Bailout March 29, 2020 Ekemini Virgin Atlantic is applying for hundreds of millions of pounds in state aid to keep afloat during the coronavirus crisis, after the chancellor told the stricken aviation sector this week…
World Breaking: Plane Explosion in Philippines Kills 8 March 29, 2020 Ekemini A medical evacuation plane exploded during take-off in the Philippine capital on Sunday, killing all eight passengers and crew, including an American and a Canadian, officials said. The plane, owned…
Banking Business World Unknowns Await Emerging Markets After Wildest Moves Since 2008 March 29, 2020 Ekemini As most nations brace themselves for a likely surge in coronavirus cases through April, the signals from the developing world could hardly be more worrying for investors. Indexes of stocks,…
World Qatar Airways To Need Bailout As Cash Runs Out March 29, 2020 Ekemini Qatar Airways will have to seek government support eventually, Chief Executive Akbar al-Baker told Reuters on Sunday, warning that the Middle East carrier could soon run out of the cash…
World Cristiano Ronaldo And Juventus Squad Gives Up 4 Months Salary In Fight Against Coronavirus March 29, 2020 Ekemini With football on hold across the world, Juventus’ first-team squad and coach Maurizio Sarri have agreed to give up four months’ wages to help the club manage the economic impact…
Africa South Africa May Approach IMF Over Virus Impact March 29, 2020 Ekemini South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal with the fallout from the coronavirus outbreak, Johannesburg’s Sunday Times reported,…
Investing World S&P Sees Dubai Property Prices Dropping To Levels Seen In 2010 March 29, 2020 Ekemini The widening coronavirus pandemic could see Dubai property prices falling to levels last seen 10 years ago, according to S&P Global Ratings. “We believe real estate prices are approaching levels…
Investing World Frozen U.K. Home Market Leaves Buyers Wondering Where To Go March 29, 2020 Ekemini 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…
World The Global Oil Market Is Broken, Drowning In Crude Nobody Needs March 29, 2020 Ekemini The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies
World This Weeks Take On Events In The World Economy And Their Fallout March 29, 2020 Ekemini 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.
Local Ogun announces closure of borders for two weeks March 29, 2020 Ekemini The Ogun State Government has announced the closure of its borders with all neighbouring states and the international border with the Republic of Benin. In a statement signed by Chief…
World UK Housing Market Grinds To A Halt As Coronavirus Bites March 29, 2020 Ekemini Coronavirus has disrupted most areas of life — and home buying and selling are no exception. In the United Kingdom, mortgage providers have announced they will give home buyers who…
Local Sanwo-Olu introduces stimulus for residents, targets 200,000 households in first phase March 29, 2020 Ekemini Lagos State Governor, Babajide Sanwo-Olu has unveiled an economic stimulus package for the indigent and the most vulnerable in the State, following government’s order that residents should stay at home.…
Local Nigeria Struggles To Sell Oil Despite Price Cut March 29, 2020 Ekemini Despite the significant reduction in its official selling prices aimed at wooing buyers, Nigeria is still struggling to sell its crude oil as Indian refiners are cutting back on output…
Investing Zukerberg Sold $500m Worth Of Facebook Shares In February March 29, 2020 Ekemini Chief Executive Officer Mark Zuckerberg sold nearly $500 million in the company’s shares in February to fund his philanthropic investment vehicle, the Chan Zuckerberg Initiative (CZI), regulatory filings showed. The…
Local Breaking: El-Rufai Tests Positive For Coronavirus March 28, 2020 Ekemini Governor of Kaduna state, Mallam Nasir El-Rufai has tested positive for Coronavirus. The former FCT Minister revealed this on his Saturday through the Kaduna State Government Twitter account The statement…
World Lyft Advices Drivers To Work For Amazon March 28, 2020 Ekemini Amazon is teaming up with Lyft Inc. on recruiting the ride-hailing company’s drivers to deliver packages and groceries as the pandemic keeps people indoors. In an email to Lyft drivers…
World WeWork Cuts Another 250 Jobs in Further Attempt to Trim Costs March 28, 2020 Ekemini continued to cut more staff as part of a months-long effort to lower expenses after its failed initial public offering last year, the company said. The New York-based co-working company…
Business Coronavirus: Virgin Atlantic to seek bailout in coming days March 28, 2020 Ekemini Virgin Atlantic is expected to ask for a government bailout worth hundreds of millions of pounds in the coming days, the BBC understands. Requests for state aid are also expected…
World Dow Records Best Week since 1938 Despite Closing Lower March 28, 2020 Ekemini US stocks finished the session in the red on Friday, but that still managed to post on if it’s best week ever. The Dow recorded its best week since June…
World Google is donating $800 million to help with the coronavirus crisis March 28, 2020 Ekemini Google is committing to donate more than $800 million to support businesses, organizations and healthcare workers as part of its coronavirus response — most of it in the form of…
Local Suspend VAT immediately, Tinubu tells FG March 28, 2020 Ekemini All Progressives Congress stalwart, and former Governor of Lagos State, Bola Tinubu, has asked the Federal Government to stop collection of the Value Added Tax immediately. The federal government had…
