Over 700,000 Americans Lost Their Jobs In March. Here’s How It Played Out Across Sectors
The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic…
Month: April 2020
OPEC Meeting Postponed As Saudi Arabia And Russia Point Fingers
OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as…
Oil Price Increases To $34.91 As Hope For Production Cuts Rises
The international oil benchmark, Brent crude, extended its gains on Friday, climbing to as high as $34.91 a barrel on…
Coronavirus: UN Donates Medical Equipment To Nigeria
The United Nations has donated €80,000 (N32.5m) worth of medical equipment and supplies to Nigeria to help in the fight…
Nigeria Records 20 New Cases Of Coronavirus
The Nigeria Centre for Disease Control on Friday night confirmed 20 new cases of coronavirus. “Twenty new cases of #COVID19…
Jeff Bezos to donate $100 million to American food banks
Jeff Bezos is donating $100 million to US food banks to help them feed a growing number of out-of-work Americans…
Coronavirus: FG To Evacuate Nigerians Abroad
The Ministry of Foreign Affairs has directed all its missions abroad to compile a list of willing Nigerian nationals who…
Coronavirus: Mexico stops brewing Corona beer
Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries…
US Alcohol Sales Increase As People Stockpile Drinks To Pass Time
The coronavirus pandemic has forced millions of Americans to stay home, and they’re drinking a lot of alcohol to pass…
OPEC Calls For Emergency Meeting On Monday
OPEC will meet on Monday with Russia and other oil producers in the hope of agreeing supply cuts and ending…
Coronavirus: FG Distributes Cash To Anambra, Katsina and Nasarawa Residents
The Federal Government’s conditional cash transfer to the most indigent and vulnerable people across the country entered its second day…
Nigeria’s Response To Coronavirus Is Remarkable – United Nations
The United Nations has praised Nigeria for it’s handling of the Coronavirus pandemic. Nigeria, Africa’s most populated country with an…
FCMB Group Records N188bn Revenue, Grows Profit to N20.1bn
FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that…
Economies In Freefall As Coronavirus Cases Exceed 1 Million
Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities, a Reuters tally showed…
OPEC debates biggest-ever oil cut as Coronavirus destroys demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of…
Nigerian Breweries To Raise More Funds Via CP
Barely two months after brewery giant, Nigerian Breweries Plc launched series 5 and 6 Commercial Paper (CP) to raise N45 billion to…
Nigeria Says It Needs Radical Reforms After Oil Plunge
Nigeria is faced with an economic challenge that is unprecedented in its history and will need radical reforms to overcome…
When Will U.S. Economy Bottom? Economists Hunt For The Right View
Given how fast the situation has developed, judging when that happens in real time will prove challenging for economists…
Google To Publish User Location Data To Help Fight Coronavirus
Google will publish location data from its users around the world from Friday to allow governments to gauge the effectiveness…
Coronavirus: Worldwide Cases Exceed 1 Million
Just in the previous day, there were 6,095 new deaths – nearly double all fatalities in China, where the COVID-19…
Nigeria’s Foreign Reserves Drop To $35.51bn
The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn…
Dangote Leads Gainers As Equity Market Ends On A Positive Note
The Nigerian equity market on Thursday closed on a positive note as Dangote Cement Plc led other gainers to halt…
Trump Says 3M ‘Will Have A Big Price To Pay’ Over Face Masks
President Donald Trump slammed 3M Co (MMM.N) in a tweet late on Thursday after earlier announcing he was invoking the…
Trump’s Push For Huge Deal To Cut Oil Supply Draws Disbelief
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 10 Million Barrels a Day
Oil Prices Soar By A record 25% After Trump Hints At Production Cuts
Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a…
Nigeria’s Total Public Debt Increases To N27.4tn – DMO
The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of…
African Countries Seek Debt Relief From World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to cushion…
Money Stuff: Banks Have Too Much Money Now
Reverse bank run Here’s a thing you could do as a bank. You could take deposits: People and companies give…
The coronavirus won’t end moviegoing, but it could change it
Last year was a good year for the film industry. The global box office brought in over $40 billion worldwide,…
Osun State Government Confirms Six News Cases Of Coronavirus
Osun State Government on Thursday confirmed that six more Ivory Coast returnees tested positive for coronavirus. The development brings the…