World Global oil refiners shut down as coronavirus destroys demand March 28, 2020 Ekemini The first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a stone in response to plunging demand as countries worldwide implement…
Investing World Fitch cuts UK credit rating to AA- March 28, 2020 Ekemini Agency says government borrowing levels are set to rise and outlook remains negative for Britain’s sovereign debt score The ratings agency Fitch has cut Britain’s sovereign debt rating to AA-,…
World Wall Street tumbles as U.S. virus cases pass 100,000 March 28, 2020 Ekemini Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country…
Africa Business Africa: $100 Billion Needed. A Fraction Promised March 28, 2020 Ekemini Governments across sub-Saharan Africa have closed borders, canceled flights and told citizens to stay indoors to defeat the coronavirus. They’ve done little to protect their economies. Nigeria has said it…
Africa Investing After More Than 25 Years South Africa Is Now Junk With Moody’s Too March 28, 2020 Ekemini South Africa has lost its Moody’s Investment Services investment-grade credit rating more than 25 years after it was first awarded as it grapples with a nationwide lockdown to curb the…
Business World The Fed Brings The Global Financial System Back From The Abyss March 28, 2020 Ekemini Sitting calmly in front of a bookshelf filled with thick volumes of the “Federal Reserve Bulletin,” Jerome Powell this week set out to offer a simple explanation for the complicated…
Local Nigeria Will Go Into Recession If COVID-19 Continues Beyond Six Months – Finance Minister March 28, 2020 Ekemini The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has warned that Nigeria may go into recession if the coronavirus (COVID-19) pandemic continues for the next couple of…
World Toyota To Make Face Masks In U.S. To Aid Coronavirus Battle March 27, 2020 Ekemini Toyota Motor Corp’s, North American unit said on Friday it would produce face shields, ventilators and respirators, as the death toll from the coronavirus exceeds 1,200 in the United States.…
Technology World Apple Works With White House To Release ‘COVID-19’ App, website March 27, 2020 Ekemini Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal agencies to release an app and website that will direct…
Local Breaking: Davido’s Fiancée, Chioma Tests Positive For Coronavirus March 27, 2020 Ekemini Singer David Adeleke, aka Davido, has said his fiancée, Chioma, has tested positive for coronavirus. The singer disclosed this via his Instagram account on Friday evening. He said, “I came…
Banking Business World ‘Clear We Have Entered Recession’ – IMF Chief March 27, 2020 Ekemini The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that…
World Designer Brand Ralph Lauren To Make Masks And Gowns March 27, 2020 Ekemini Ralph Lauren is to start making medical masks and gowns – the latest designer brand to lend its support to the coronavirus fight. The fashioner designer announced the shift in…
Africa Zimbabwe Returns To Use Of Foreign Currency As Own Currency Crashes March 27, 2020 Ekemini Zimbabwe’s government, which banned use of the dollar nine months ago, has restored the peg its currency had to the greenback due to a scarcity of foreign exchange. The southern…
World Coronavirus: US Asks Foreign Doctors To Apply For Visa March 27, 2020 Ekemini The United States has asked medical professionals seeking to work in America to apply for a work visa at the nearest US Embassy as coronavirus overwhelms and ravages the country…
Business World European Shares Fall As EU Postpones Rescue Plan March 27, 2020 Ekemini The pan-European STOXX 600 index started the day about 2% lower, then fell further to trade down 3.7% at 1210 GMT after the announcement about Johnson’s test. The declines followed…
Business Dangote Loses $2.5bn In One Month But Remains Africa’s Richest Man March 27, 2020 Ekemini Africa’s richest man, Aliko Dangote, saw his total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index. The index, which is a ranking of…
Local Coronavirus: Air France-KLM Evacuates European Nationals From Nigeria March 27, 2020 Ekemini An aircraft operated by Air-France KLM on Thursday arrived at the Murtala Muhammed International Airport, Lagos to evacuate some European nationals from Nigeria. It was gathered that the flight, which…
Local CBN Grants Two-Weeks Market Holidays To Bureau De Change Operators March 27, 2020 Ekemini The Central Bank of Nigeria (CBN) has granted a two-week market holiday to the Bureau De Change (BDC) operators. The President, Association of Bureau De Change Operators (ABCON), Aminu Gwadabe,…
World Coronavirus To Cause Condom Shortage Worldwide March 27, 2020 Ekemini Malaysia’s Karex Bhd (KARE.KL) makes one in every five condoms globally. It has not produced a single condom from its three Malaysian factories in the past 10 days due to…
World Coronavirus: China bars foreign visitors as imported cases rise March 27, 2020 Ekemini China has announced a temporary ban on all foreign visitors, even if they have visas or residence permits. The country is also limiting Chinese and foreign airlines to one flight…
World Russia calls for new enlarged OPEC deal to tackle oil demand collapse March 27, 2020 Ekemini A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also…
Business Coronavirus: Tesco restricts online orders to 80 items each March 27, 2020 Ekemini Supermarket Tesco has said that online shoppers will have their deliveries capped at 80 items from now on. In an email to customers it said that the aim was “to…
World Coronavirus: Prime Minister Boris Johnson Tests Positive March 27, 2020 Ekemini Prime Minister Boris Johnson has tested positive for coronavirus. Mr Johnson said he developed mild symptoms over the past 24 hours, including a temperature and cough. He said he will…
World G20 leaders to inject $5 trillion into global economy in fight against coronavirus March 27, 2020 Ekemini Leaders of the Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and…
World Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode March 26, 2020 Ekemini The U.S. Federal Reserve’s balance sheet rocketed past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds…
Local Nigeria Records 14 New Cases Of Coronavirus March 26, 2020 Ekemini The Nigeria Centre for Disease Control (NCDC) has confirmed 14 new cases of coronavirus in Nigeria. Total number of confirmed cases in country now 65. The NCDC revealed this in…
Business Investing World S&P, Moody’s Cut Credit Grades At Fastest Pace In A Decade March 26, 2020 Ekemini S&P Global Ratings and Moody’s Investors Service are downgrading U.S. companies at the fastest pace in more than a decade as debt-saddled corporations and entire industries struggle with a dramatic…
Business Investing World A Bull Market in Banks and Other Weird Facts of the Stock Bounce March 26, 2020 Ekemini Moves in stock sectors that ordinarily take months and years to play out are happening in days as investors struggle to establish prices in the age of the coronavirus. Beneath…
Breaking Business Investing World Technically Speaking, The Dow Just Rocketed Out Of A Bear Market March 26, 2020 Ekemini As ridiculous as it sounds, the Dow Jones Industrial Average just climbed out of the bear market it entered two weeks ago.
Investing World The Gold Market Is Being Tested Like Never Before March 26, 2020 Ekemini From South Africa’s ultra-deep mine shafts to vaults underneath London, from metals traders in New York skyscrapers to main street sellers of coins: the global gold market is being tested…
