Local Over 700,000 Americans Lost Their Jobs In March. Here’s How It Played Out Across Sectors April 4, 2020 Ekemini The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful…
World OPEC Meeting Postponed As Saudi Arabia And Russia Point Fingers April 4, 2020 Ekemini OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who…
World Oil Price Increases To $34.91 As Hope For Production Cuts Rises April 4, 2020 Ekemini The international oil benchmark, Brent crude, extended its gains on Friday, climbing to as high as $34.91 a barrel on rising hopes of a new global deal to cut crude…
World Coronavirus: UN Donates Medical Equipment To Nigeria April 4, 2020 Ekemini The United Nations has donated €80,000 (N32.5m) worth of medical equipment and supplies to Nigeria to help in the fight against coronavirus. The materials include diagnostic machines and kits, reagents…
Local Nigeria Records 20 New Cases Of Coronavirus April 3, 2020 Ekemini The Nigeria Centre for Disease Control on Friday night confirmed 20 new cases of coronavirus. “Twenty new cases of #COVID19 have been reported in Nigeria; 11 in Lagos, 3 in…
Local Jeff Bezos to donate $100 million to American food banks April 3, 2020 Ekemini Jeff Bezos is donating $100 million to US food banks to help them feed a growing number of out-of-work Americans who are losing their jobs during the ongoing coronavirus pandemic…
Local Coronavirus: FG To Evacuate Nigerians Abroad April 3, 2020 Ekemini The Ministry of Foreign Affairs has directed all its missions abroad to compile a list of willing Nigerian nationals who wished to come back home. Abike Dabiri-Erewa, the Chairman, Nigerians…
World Coronavirus: Mexico stops brewing Corona beer April 3, 2020 Ekemini Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government…
World US Alcohol Sales Increase As People Stockpile Drinks To Pass Time April 3, 2020 Ekemini The coronavirus pandemic has forced millions of Americans to stay home, and they’re drinking a lot of alcohol to pass time — for now. Alcoholic beverage sales shot up 55%…
World OPEC Calls For Emergency Meeting On Monday April 3, 2020 Ekemini OPEC will meet on Monday with Russia and other oil producers in the hope of agreeing supply cuts and ending a brutal price war. The meeting, called by Saudi Arabia,…
Local Coronavirus: FG Distributes Cash To Anambra, Katsina and Nasarawa Residents April 3, 2020 Ekemini The Federal Government’s conditional cash transfer to the most indigent and vulnerable people across the country entered its second day on Thursday with a simultaneous rollout in Anambra, Katsina and…
Local Nigeria’s Response To Coronavirus Is Remarkable – United Nations April 3, 2020 Ekemini The United Nations has praised Nigeria for it’s handling of the Coronavirus pandemic. Nigeria, Africa’s most populated country with an estimated 200 million inhabitants, currently has 190 cases of COVID-19…
Banking FCMB Group Records N188bn Revenue, Grows Profit to N20.1bn April 3, 2020 Ekemini FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased to N188 billion compared to…
World Economies In Freefall As Coronavirus Cases Exceed 1 Million April 3, 2020 Ekemini Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed on Friday, as death tolls soared in the United States…
World OPEC debates biggest-ever oil cut as Coronavirus destroys demand April 3, 2020 Ekemini OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said after the U.S. president…
Business Local Nigerian Breweries To Raise More Funds Via CP April 3, 2020 Ekemini Barely two months after brewery giant, Nigerian Breweries Plc launched series 5 and 6 Commercial Paper (CP) to raise N45 billion to support its short-term funding needs, the multinational firm…
Local Nigeria Says It Needs Radical Reforms After Oil Plunge April 3, 2020 Ekemini Nigeria is faced with an economic challenge that is unprecedented in its history and will need radical reforms to overcome it, the presidency said. “What we will need to do…
World When Will U.S. Economy Bottom? Economists Hunt For The Right View April 3, 2020 Ekemini Given how fast the situation has developed, judging when that happens in real time will prove challenging for economists who usually depend on monthly, quarterly or yearly trends in data…
Local Google To Publish User Location Data To Help Fight Coronavirus April 3, 2020 Ekemini Google will publish location data from its users around the world from Friday to allow governments to gauge the effectiveness of social distancing measures put in place to combat the…
World Coronavirus: Worldwide Cases Exceed 1 Million April 3, 2020 Ekemini Just in the previous day, there were 6,095 new deaths – nearly double all fatalities in China, where the COVID-19 disease originated. In a list based on officially-reported data, Italy…
Local Nigeria’s Foreign Reserves Drop To $35.51bn April 3, 2020 Ekemini The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn as of March 27, 2020, latest statistics from the Central…
Investing Dangote Leads Gainers As Equity Market Ends On A Positive Note April 3, 2020 Ekemini The Nigerian equity market on Thursday closed on a positive note as Dangote Cement Plc led other gainers to halt the negative sentiment of three consecutive trading days. However, the…
Business World Trump Says 3M ‘Will Have A Big Price To Pay’ Over Face Masks April 3, 2020 Ekemini President Donald Trump slammed 3M Co (MMM.N) in a tweet late on Thursday after earlier announcing he was invoking the Defense Production Act to get the company to produce face…
World Trump’s Push For Huge Deal To Cut Oil Supply Draws Disbelief April 3, 2020 Ekemini He says Saudis, Russia could cut 10 million to 15 million b/d. Reduction of that size could still be too small amid pandemic. Trump Eyes Global Oil Output Cut of…
World Oil Prices Soar By A record 25% After Trump Hints At Production Cuts April 2, 2020 Ekemini Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a record spike in the oil market Thursday. President Donald Trump…
Local Nigeria’s Total Public Debt Increases To N27.4tn – DMO April 2, 2020 Ekemini The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of December 2019, according to latest figures released by the Debt…
Africa African Countries Seek Debt Relief From World Bank April 2, 2020 Ekemini The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion the negative impact of the coronavirus pandemic on the economies…
Features Opinion Money Stuff: Banks Have Too Much Money Now April 2, 2020 Ekemini Reverse bank run Here’s a thing you could do as a bank. You could take deposits: People and companies give you money, and you promise to give it back when…
World The coronavirus won’t end moviegoing, but it could change it April 2, 2020 Ekemini Last year was a good year for the film industry. The global box office brought in over $40 billion worldwide, even though the domestic box office was down. Disney notched…
Local Osun State Government Confirms Six News Cases Of Coronavirus April 2, 2020 Ekemini Osun State Government on Thursday confirmed that six more Ivory Coast returnees tested positive for coronavirus. The development brings the total number of cases in the state to 20. Osun…
