Investing Wall Street Caps Best Month In Decades With Broad Sell-off April 30, 2020 Ekemini U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500’s best month in 33 years,…
Local Nigeria: FIRS Waives Interests And Penalties On Outstanding Debts To May 31st April 30, 2020 Ekemini The Federal Inland Revenue Service (FIRS) has announced additional palliative measures to further manage the impact of the Coronavirus disease (COVID-19) on taxpayers. The body said that interest and penalties…
Local Nigeria: BREAKING: We Did Not Approve Fresh 85 Billion Loan For Buhari – Senate April 30, 2020 Ekemini The Nigerian senate has dispelled reports that a fresh N850 billion loan request made by the president was approved during a special plenary session on Tuesday. It will be recalled…
Business American Airlines Posts $2.2 Billion Loss On Pandemic, First Since Bankruptcy Exit April 30, 2020 Ekemini American Airlines (AAL.O) on Thursday posted a $2.2 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a roughly $70 million per day…
Business Twitter Sales Top Estimates, As Asia’s Ad Sales Rebounds After Ease In Lockdown April 30, 2020 Ekemini Twitter Inc (TWTR.N) on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it had accelerated work on tools to attract…
Investing Netflix Just Had A Great Q1. Is The Stock Getting Too Expensive? April 30, 2020 Ekemini The COVID-19 pandemic has altered habits and routines like never before. With strict lockdowns in place all across the world and air travel severely curtailed, most people are stuck at…
World Fauci Says Coronavirus Drug, Remdesivir Is Good ‘First Step’ In Fighting COVID-19 But ‘Not The Total Answer’ April 30, 2020 Ekemini The nation’s top infectious disease expert said the modest results for an experimental drug for the coronavirus is a good “first step” in fighting the outbreak, but cautioned that it’s…
World Coronavirus: US Unemployment Tops 30m April 30, 2020 Ekemini Roughly 30.3 million people have now filed for jobless aid in the six weeks since the coronavirus outbreak began forcing millions of employers to close their doors and slash their…
Business British Airways To Cut 12,000 Jobs April 30, 2020 Ekemini British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to a collapse in business because of the coronavirus pandemic. The airline’s parent company, IAG,…
Business Nigeria: MTN Revenue Rises To N329.2bn April 30, 2020 Ekemini MTN Nigeria reported revenue growth of 16.7 per cent to N329.2bn in the first quarter ended March 31, 2020 compared with N282.1bn in the same period in 2019. The growth,…
World Trump Says China Wants Him To Lose His Bid For Re-election April 30, 2020 Ekemini President Donald Trump said on Wednesday he believes China’s handling of the coronavirus is proof that Beijing “will do anything they can” to make him lose his re-election bid in…
World Trump Asks Saudi Arabia To Cut Oil Or Lose Military Aid April 30, 2020 Ekemini As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi leaders an ultimatum. In an April 2 phone call, Trump…
Technology Clash Of Tech Titans: Zuckerberg Praises Coronavirus Lockdowns; Musk Sees ‘Fascism’ April 30, 2020 Ekemini Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook’s Zuckerberg endorsing the measures…
Local Nigeria: Refineries Recorded N9.6bn Loss In January – NNPC April 30, 2020 Ekemini Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January. The Nigerian National Petroleum Corporation manages the country’s three refineries…
Local Nigeria: Foreign Reserves Drop By $5.09bn In Four Months April 30, 2020 Ekemini The country’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020 to $33.44bn as of April 28, 2020, latest statistics from the Central…
Local Nigeria: Lagos Sanwo-Olu Orders Markets, Restaurants To Open, But Must Adhere To Certain Rules April 29, 2020 Ekemini The Lagos State Governor, Babajide Sanwo-Olu, has directed the reopening of markets on selected days in the state. He spoke during a televised press conference on Wednesday. The Governor’s Chief…
Local Nigerian Banks In Lagos, Ogun And FCT To Open From Monday April 29, 2020 Ekemini The Federal Government says banks will open for commercial operations in Abuja, Lagos and Ogun States beginning Monday, May 4. The National Coordinator of the Presidential Task Force on COVID-19,…
Business Ford Terminates Electric Vehicle Program With Rivian April 29, 2020 Ekemini Ford Motor Company and its luxury segment Lincoln Motor Company have announced the shelving of their plans to build a new electric vehicle (EV) with Michigan-based EV startup Rivian –…
World US Fed Leaves Rates Near Zero, Sees Virus Risks Lingering April 29, 2020 Ekemini The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic…
Local Nigeria: CBN Resumes Dollar Sales For SMEs And School Fees April 29, 2020 Ekemini The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales to parents wishing to pay schools fees and operators of…
World Airlines May Not Recover From Covid-19 Crisis For Five Years, Says Airbus April 29, 2020 Ekemini The planemaker Airbus has warned that the aviation industry could take as long as five years to recover to the levels seen before the coronavirus pandemic, as customers such as…
World US Economy Shrinks 4.8% As Coronavirus Ends Longest Expansion In History April 29, 2020 Ekemini The longest economic expansion in US history officially came to an end on Wednesday when the commerce department announced the economy shrank 4.8% in the first three months of the…
Business Ford Reports A Loss And Drops A Bombshell In Its Outlook April 29, 2020 Ekemini Detroit auto maker and iconic American manufacturer Ford Motor’s first-quarter earnings missed Wall Street estimates. But that actually isn’t the bad news: Results in the second quarter are about to…
Business Boeing To Cut Staff After $641m First-Quarter Loss April 29, 2020 Ekemini Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic. The aerospace giant plans to…
World U.S. GDP In The First Quarter Is Going To Be Bad — And The Damage Is Far From Done April 29, 2020 Ekemini The spring is shaping up to post the biggest contraction in U.S. economic growth since the Great Depression in the 1930s, but the first quarter is also likely to be…
World Much of U.S. Economy Still Plugging Along Despite Coronavirus Pain April 29, 2020 Ekemini Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home. The coronavirus crisis would appear to have put the entire…
Business Boeing Eyes Major Bond Issue To Raise Funds April 29, 2020 Ekemini The preparations reflect Boeing’s confidence that it can tap the capital markets to strengthen its finances, even as the largest U.S. planemaker weighs seeking government aid. Boeing has lined up…
Local IMF Approves $3.4bn For Nigeria’s COVID-19 Fight April 28, 2020 Ekemini The board of the International Monetary Fund (IMF) has approved the sum of $3.4 billion to support Nigeria’s COVID-19 fight. The emergency financial assistance to Nigeria is the highest so…
Local Germany Grants Nigeria N8.9bn Debt Relief April 28, 2020 Ekemini The Republic of Germany said it has granted Nigeria debt relief amounting to N8.9 billion (€22.4 million) on account of the coronavirus pandemic. Also, the German government said it has…
World Trump To Order Meat Processing Plants To Stay Open Amid Coronavirus Outbreaks In Some Plants April 28, 2020 Ekemini President Donald Trump plans to order U.S. meat processing plants facing concerns about coronavirus outbreaks to stay open to protect the country’s food supply, a senior administration official said on…
