LVMH Orders 40 Million Masks From China For France
LVMH (LVMH.PA), the world’s biggest luxury goods group, is ordering 40 million health masks from…
Month: March 2020
Boeing Suspends Dividend Payment
Boeing Co (BA.N) will cancel CEO pay, suspend its dividend and extend a pause on…
Breaking: Nigeria Announces 10 New Coronavirus Cases
The Minister of Health, Dr Osagie Ehanire, who disclosed this on Saturday on his tweeter…
Coronavirus Deaths In Italy Overtake China As Economic Damage Mounts
The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus…
Coronavirus: Nigeria’s Aviation Industry To Lose N160bn, 22,200 Jobs
The disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s…
Emirates Airline Suspends Flights To Nigeria, New York, France, Germany
Emirates, one of the world’s biggest international airlines, is suspending all flights to Nigeria, France,…
BREAKING: FG shuts Lagos, Abuja airports Monday
The Federal Government says the Murtala Muhammed International Airport, Lagos; and Nnamdi Azikwe International Airport,…
Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC’s de facto leader and most influential member, decided at its latest…
CBN rolls out new forex regulations
As the battle to save the Naira from a free fall ensues, the Central Bank…
Fashion Labels Turn to Making Face Masks to Fill Health Care Shortages
New York fashion designers are offering to produce masks and gowns to help fill the…
New York City Has One-Third of U.S. Virus Cases, Mayor Says
New York City now has roughly a third of all confirmed cases of Covid-19 in…
Yes, Young People Are Falling Seriously Ill from Covid-19
In the U.S., 705 of first 2,500 cases range in age from 20 to 44. We’re tracking…
Bank of England cancels stress tests for UK’s biggest lenders
The Bank of England will postpone all non-critical supervisory work in the City and review…
Why the U.K. and U.S. Have Been Slow to Lock Down the Coronavirus Threat
On Friday evening, hours after a London hospitaldeclared they had run out of intensive care beds,…
South Africa Regulator to Crack Down on Price Gouging in Disaster
South Africa’s Competition Commission will prioritize complaints about rising prices for essential products to ensure…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast…
Why CBN ‘Technically’ devalued the naira
Yesterday, we reported that the Central Bank technically devalued the naira to exchange to the…
Business activities fall as PMI drops to 57.3– CBN
The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers’ Index in…
Coronavirus: Government to pay up to 80% of workers’ wages
The UK government will pay the wages of employees unable to work due to…
Coronavirus: Dow erases Trump presidency gains
The Dow Jones Industrial Average of 30 major American companies fell more than 4.5% on…
Coronavirus: South Africa grounds international flights till may
South Africa’s flag carrier on Friday suspended all international and regional flights until the end…
Lagos to shut down clubs and bars to curb spread of coronavirus
In a bid to curb the spread of the novel coronavirus, the Lagos State government…
stocks record worst week since the global recession of 2008
US stocks ended Friday’s session lower, although the losses were more contained than they have…
Bankruptcies about to rise – Bank of America
The market meltdown of the past few weeks is hurting various corners of the financial…
Hyundai to introduce electrics SUV Into Nigeria
Stallion Motors, an auto assembler and franchisee of nine global brands including Hyundai, has announced…
Coronavirus: Fayemi asks Ekiti civil Servants to work from home
Ekiti State Governor, Dr Kayode Fayemi, on Friday, barred social, political, religious and family gatherings…
Petrol price: IPMAN pleads for time
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pleaded for time to enable members…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
The Central Bank of Nigeria has moved the FX sales rate to FPIs to N380.2/$,…
CBN technically devalues Naira: To now sell dollars to foreign investors at N380/$
An analyst in Lagos confirmed to BusinessDay that CBN sold the dollar at N380.2 on…