Uganda Slashes Interest Rate To Record Low Of 8% As Coronavirus Bites
Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which…
Month: April 2020
Equity Market Depreciated By 3.5% Last Week
Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE…
BREAKING: Buhari Orders $150m Withdrawal From NSIA To Augment FAAC Disbursement
President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA). The Minister of…
NCC Clears The Air Over Conspiracy Theory Linking 5G And Coronavirus
The Nigerian Communications Commission, NCC, has released a statement on the conspiracy theory linking the coronavirus disease with 5G telecommunications…
Increased Chip Sales Unlikely To Cushion Samsung’s Virus Hit Quarter Profit
The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from…
Coronavirus: Air Peace Delivers FG’s medical Supplies From Turkey
The Federal Government has taken delivery of medical supplies from Istanbul, Turkey, to fight the coronavirus pandemic. The supplies were…
Dangote Cement to raise N100bn in fresh bond
Dangote Cement Plc has said it is seeking to b up to N100bn from the bond market under its N300bn Debt Issuance Programme
Breaking: Police Arrest Funke Akindele For Hosting House Party During Lockdown
The Lagos State Police Command has arrested Funke Akindele for hosting a party in contravention of the lockdown order in…
India Bans All Exports Of Hydroxychloroquine After Trump Calls It ‘Game Changer’
India banned all exports of hydroxychloroquine, a malaria drug that President Donald Trump has repeatedly touted as a “game changer”…
Coronavirus: Emirates Airline Seeks Billions In Loans
Emirates is seeking to raise billions of dollars from loans after the coronavirus forced the airline to ground its passenger…
Trump Threatens Tariffs On Oil Imports To ‘Protect’ U.S. Energy Workers
“If I have to do tariffs on oil coming from outside or if I have to do something to protect…
How Low Will Oil Price Go And Who Will Blink First?
OPEC has portrayed itself as a source of stability in a chaotic world But the cartel undercut that argument last…
Coronavirus: Cannabis Companies Start Filing For Bankruptcies
The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital…
Nigeria Records 10 New Cases Of Coronavirus
Nigeria has recorded 10 new cases of coronavirus in the Federal Capital Territory, Abuja, Lagos, and Edo States, the Nigeria…
How Coronavirus Could Exacerbate Domestic Violence ‘It’s Not Safe To Leave The House, And It’s Not Safe To Stay In The House.’
Coronavirus is exacerbating a problem that already exists and hasn’t been adequately addressed: Survivors of domestic violence cannot afford to leave the abuse,’ one advocate said.
Nigeria Records Five New Cases Of Coronavirus
Nigeria has five new confirmed cases of coronavirus, according the Nigeria Centre for Disease Control. Three of the cases were…
How To See The World Without Leaving Your House
Airlines around the world have grounded their flights. Countries have shut their borders, and ordered everyone indoors. The age of…
Most people recover from Covid-19 without medical care, making them hard to track
Most people with Covid-19 have mild illness and are able to recover at home without medical care, while severe cases…
No Licence Issued For 5G In Nigeria – Fed Govt
The Minister of Communications and Digital Economy, Isa Pantami, on Saturday said no licence has been issued for 5G in…
Coronavirus: FG seeks NASS approval for N500bn intervention fund
The Federal Government through the Ministry of Finance on Saturday reached out to the National Assembly to intimate it with…
British PM’s Pregnant Fiancee Tests Positive For Coronavirus
Carrie Symonds, the pregnant fiancee of British prime minister Boris Johnson, has also tested positive for coronavirus, according to reports…
Lagos May Extend Lockdown – Sanwo-Olu
The Lagos State Governor, Babajide Sanwo-Olu, has said that the ongoing lockdown in the state may be extended beyond 14…
‘Normal’ Will Look Completely Different When This Is All Over
We are all stuck in the midst of this thing — whether on the front lines of fighting it or…
Coronavirus Sparks War For Masks
As the coronavirus pandemic spreads across Europe and the United States, a global scramble for medical equipment such as respirator…
How Nigerian Companies And Government Can Respond To Covid-19 – McKinsey
There are four critical steps that Nigerian companies could take to ensure business continuity while the government must prioritise five…
Hotel Lobbies Go Quiet As Demand Drops During Coronavirus Pandemic
Travel stops as government impose lockdowns ahead of usually busy Easter weekend
Berkshire Hathaway Cuts Delta, Southwest Stakes With Airlines In Freefall
Berkshire sold nearly 13 million shares in Delta and roughly 2.3 million shares of Southwest, according to regulatory filings Friday. That left Buffett’s company with a $1.32 billion stake in Delta and a $1.57 billion holding of Southwest stock.
Airlines across the U.S. have been pummeled by a steep drop-off in travel as the coronavirus spreads throughout the country. Delta Chief Executive Officer Ed Bastian said Friday in a memo that it expects second-quarter revenue to fall 90%.
Coronavirus: India’s Bailout May Not Be Enough To Save An Already Frail Economy
Mohammad Alam is one of thousands of workers standing in a food queue in India’s capital, Delhi. The factory where…
South Africa’s Ruthlessly Efficient Fight Against Coronavirus
One week into South Africa’s nationwide lockdown to prevent the spread of coronavirus, and it is tempting – dangerously tempting…
NERC orders power firms not to discontinue operations during lockdown
The Nigerian Electricity Regulatory Commission on Friday issued a “Continuity of Service” directive to all operators in the power sector…