FG Begins Distribution Of N20,000 Relief Fund To Poor Nigerians
The Nigeria Government on Wednesday commenced the disbursement of N20,000 Conditional Cash Transfer to poor homes in the country. Speaking…
Day: April 1, 2020
British Banks Cancel Payment Of Dividends To Shareholders
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of…
EU Agency warns Against Use Of Chloroquine Except In Case Of ‘National Emergency’
Anti-malarial drugs chloroquine and hydroxychloroquine should only be used to treat COVID-19 in clinical trials or in case of “national…
Coronavirus: Wimbledon Cancelled For The First Time Since World War II
Wimbledon organisers on Wednesday scrapped the grasscourt Grand Slam for the first time since World War II as the coronavirus…
Breaking: Nigeria Records 23 New Cases Of Coronavirus
Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The…
Ikeja electric suspends disconnection activities
Ikeja Electricity Distribution Company(Ikeja Electric) has announced the suspension of all disconnection activities of non-paying customers for the period of two…
For The First Time in 44 years, China’s economy may not grow at all
China’s economy is showing some tentative signs of recovery from the devastation caused by the novel coronavirus pandemic but the path ahead remains hugely…
Coronavirus: Facebook To Roll Out New Feature That Lets Neighbors Volunteer To Help Each Other
Facebook (FB) is rolling out a new tool that lets its users offer or request help from their neighbors during the coronavirus pandemic.…
Twelve New Cases Of Coronavirus Detected In Nigeria
The Nigeria Centre for Disease Control has announced twelve new cases of Coronavirus in Nigeria. The NCDC in a statement…
Coronavirus Will Push Millions Into Poverty – World Bank
The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific,…
Coronavirus: US Unemployment To Hit 15% – Goldman Sachs
After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in…
China’s ports brace for second hit as virus spread wipes out exports
With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts,…
NERC suspends electricity tariff increase
The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had…
China’s Divorce Spike Is A Warning To Rest Of Locked-Down World
Chinese media have been filled with reports of conjugal strife. Shanghai-based online publication Sixth Tonereported that police in one county along the Yangtze River in central Hubei province, near where the pandemic began in Wuhan, received 162 reports of domestic violence in February—three times more than the 47 reported during the same month in 2019.
Nigerian Naira Black-Market Rate Weakest In Three Years
The Nigerian currency depreciated to its weakest level since February 2017 in the unofficial black market after the country’s central bank cut supply to dealers.
Standard Bank Withdraws Guidance Over COVID-19
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19) which has forced South Africa…
MTN Mulls Phased Sale Of Nigerian Stocks To Local Investors
MTN Group has said it would push on with a plan to reduce its majority stake in the wireless carrier’s…
China’s Finance World Opens Up to Foreigners, Sort Off
While the trade war was crimping the flow of goods between the U.S. and China, the Chinese government was opening doors in…
Stock market Lost N10bn In March
Activities on the floor of the Nigerian Stock Exchange on Tuesday ended the month of March on the negative rout…
US Fed Goes Global, No V-Shape Recovery, China Worst Over
Trump set to announce 90-day deferral for some tariff payments. Oil’s apocalyptic April set to reverberate for years to come
Breaking: FG Reduces Price Of Petrol To N123.5/Litre.
The Federal Government on Tuesday night announced the reduction in the price of petrol from N125/litre to N123.5/litre. The new…