Nigeria: Lagos Sanwo-Olu Orders Markets, Restaurants To Open, But Must Adhere To Certain Rules
The Lagos State Governor, Babajide Sanwo-Olu, has directed the reopening of markets on selected days in the state. He spoke…
Day: April 29, 2020
Nigerian Banks In Lagos, Ogun And FCT To Open From Monday
The Federal Government says banks will open for commercial operations in Abuja, Lagos and Ogun States beginning Monday, May 4.…
Ford Terminates Electric Vehicle Program With Rivian
Ford Motor Company and its luxury segment Lincoln Motor Company have announced the shelving of their plans to build a new…
US Fed Leaves Rates Near Zero, Sees Virus Risks Lingering
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to…
Nigeria: CBN Resumes Dollar Sales For SMEs And School Fees
The Central Bank of Nigeria (CBN) has resumed the sale of foreign exchange to all commercial banks for onward sales…
Airlines May Not Recover From Covid-19 Crisis For Five Years, Says Airbus
The planemaker Airbus has warned that the aviation industry could take as long as five years to recover to the…
US Economy Shrinks 4.8% As Coronavirus Ends Longest Expansion In History
The longest economic expansion in US history officially came to an end on Wednesday when the commerce department announced the…
Ford Reports A Loss And Drops A Bombshell In Its Outlook
Detroit auto maker and iconic American manufacturer Ford Motor’s first-quarter earnings missed Wall Street estimates. But that actually isn’t the…
Boeing To Cut Staff After $641m First-Quarter Loss
Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline…
U.S. GDP In The First Quarter Is Going To Be Bad — And The Damage Is Far From Done
The spring is shaping up to post the biggest contraction in U.S. economic growth since the Great Depression in the…
Much of U.S. Economy Still Plugging Along Despite Coronavirus Pain
Garbage haulers still collect trash. Cops are on the beat. Couriers deliver food and packages. Insurance agents work from home.…
Boeing Eyes Major Bond Issue To Raise Funds
The preparations reflect Boeing’s confidence that it can tap the capital markets to strengthen its finances, even as the largest…