Africa Coronavirus: African Economies May Take Three Years To Recover April 2, 2020 Ekemini It may take three years for African economies to recover from the slowdown brought by the Covid-19 pandemic, according to the continent’s finance ministers. Development partners should consider debt relief…
Africa Coronavirus: Half of All Jobs in Africa Are At Risk April 2, 2020 Ekemini Africa may be two to three weeks away from the height of a coronavirus outbreak, but its impact is already wreaking havoc on the production and movement of goods and…
Local Ministry Of Finance Asks Elon Musk For Ventilators On Twitter, And Nigerians Are Not Amused April 2, 2020 Ekemini Nigeria has shown interest in getting at least 100 to 500 free ventilators from Elon Musk, a South African-born American entrepreneur and businessman. Ventilators are life-saving machines that keep patients…
World Emirates To Resume Limited Passenger Flights April 2, 2020 Ekemini Emirates Airline said Thursday it is to resume a limited number of outbound passenger flights from April 6, less than two weeks after its coronavirus-enforced stoppage. “Emirates has received approval…
Investing Dangote And Unilever Are Biggest Losers As Equity Market Loses N104bn April 2, 2020 Ekemini Transactions on the Nigerian equity market on Wednesday commenced the month of April on a downtrend as Unilever Nigeria Plc and Dangote Cement Plc lead other losers to close the…
World US Unemployment Claims Hit Record High April 2, 2020 Ekemini The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb…
Africa Features Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply To Somalia April 2, 2020 Ekemini Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the Somali capital Mogadishu at 3:00am with empty pockets, his money…
Features World Over Half Of Americans Are Postponing Weddings—Till When, Few Know April 2, 2020 Ekemini One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark suit. The bride wore a rockabilly-style black halter dress.…
Banking World US Fed Takes On Role Of World’s Central Bank By Pumping Out Dollars April 2, 2020 Ekemini Unveils new repurchase facility for foreign central banks. Dollar squeeze threatens world economy reeling from virus
Tips World Mask Or No Mask? This Is What The Virus Experts Say April 2, 2020 Ekemini As the Covid-19 pandemic has unfolded, authorities in different places have said different things about whether healthy people should go around wearing face masks to protect themselves. Officials in China,…
Local Trapped by Coronavirus, Nigeria’s Elite Faces Squalid Hospitals April 2, 2020 Ekemini Border closures mean the powerful can’t seek treatment abroad. Nigeria has 75,000 doctors, far below WHO recommendations
Business Local Atedo Peterside Quits NB Board April 2, 2020 Ekemini Mr Atedo Peterside Wednesday resigned from the board of directors of Nigerian Breweries Plc. The company secretary, Mr Uaboi Agbebaku, has informed the Nigeria Stock Exchange of the resignation. “Nigerian…
World FG Begins Distribution Of N20,000 Relief Fund To Poor Nigerians April 1, 2020 Ekemini The Nigeria Government on Wednesday commenced the disbursement of N20,000 Conditional Cash Transfer to poor homes in the country. Speaking at the commencement of the cash transfer at the Kwali…
Banking British Banks Cancel Payment Of Dividends To Shareholders April 1, 2020 Ekemini Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of England requested the move to boost liquidity and help cope…
World EU Agency warns Against Use Of Chloroquine Except In Case Of ‘National Emergency’ April 1, 2020 Ekemini Anti-malarial drugs chloroquine and hydroxychloroquine should only be used to treat COVID-19 in clinical trials or in case of “national emergency”, the European Medicine Agency warned Wednesday. Around the world,…
World Coronavirus: Wimbledon Cancelled For The First Time Since World War II April 1, 2020 Ekemini Wimbledon organisers on Wednesday scrapped the grasscourt Grand Slam for the first time since World War II as the coronavirus wreaks further havoc on the global sporting calendar. The cancellation…
Local Breaking: Nigeria Records 23 New Cases Of Coronavirus April 1, 2020 Ekemini Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The Nigeria Centre for Disease Control made this known on Wednesday…
Local Ikeja electric suspends disconnection activities April 1, 2020 Ekemini Ikeja Electricity Distribution Company(Ikeja Electric) has announced the suspension of all disconnection activities of non-paying customers for the period of two weeks with effect from today. This was disclosed in…
World For The First Time in 44 years, China’s economy may not grow at all April 1, 2020 Ekemini 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 uncertain and growth could be entirely…
Technology Coronavirus: Facebook To Roll Out New Feature That Lets Neighbors Volunteer To Help Each Other April 1, 2020 Ekemini Facebook (FB) is rolling out a new tool that lets its users offer or request help from their neighbors during the coronavirus pandemic. On Tuesday, the social network announced the…
Local Twelve New Cases Of Coronavirus Detected In Nigeria April 1, 2020 Ekemini The Nigeria Centre for Disease Control has announced twelve new cases of Coronavirus in Nigeria. The NCDC in a statement on Twitter said: Twelve new cases of #COVID19 have been…
World Coronavirus Will Push Millions Into Poverty – World Bank April 1, 2020 Ekemini The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific, according to the World Bank. It says “significant economic pain…
Local Coronavirus: US Unemployment To Hit 15% – Goldman Sachs April 1, 2020 Ekemini After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in the United States and Europe as the world sinks…
World China’s ports brace for second hit as virus spread wipes out exports April 1, 2020 Ekemini With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts, factories are restarting and ports are rushing to clear a…
Local NERC suspends electricity tariff increase April 1, 2020 Ekemini The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had on January 4, in its December 2019 Minor Review of…
World China’s Divorce Spike Is A Warning To Rest Of Locked-Down World April 1, 2020 Ekemini 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…
Local Nigerian Naira Black-Market Rate Weakest In Three Years April 1, 2020 Ekemini 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.
Africa Banking Standard Bank Withdraws Guidance Over COVID-19 April 1, 2020 Ekemini Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19) which has forced South Africa into a 21-day lockdown expected to take a toll on…
Business Local MTN Mulls Phased Sale Of Nigerian Stocks To Local Investors April 1, 2020 Ekemini MTN Group has said it would push on with a plan to reduce its majority stake in the wireless carrier’s Nigerian business, though turmoil caused by the COVID-19 may require…
Business World China’s Finance World Opens Up to Foreigners, Sort Off April 1, 2020 Ekemini While the trade war was crimping the flow of goods between the U.S. and China, the Chinese government was opening doors in another arena: Inviting more foreign banks, insurance providers…
