Coronavirus: African Economies May Take Three Years To Recover
It may take three years for African economies to recover from the slowdown brought by the Covid-19 pandemic, according to…
Month: April 2020
Coronavirus: Half of All Jobs in Africa Are At Risk
Africa may be two to three weeks away from the height of a coronavirus outbreak, but its impact is already wreaking havoc…
Ministry Of Finance Asks Elon Musk For Ventilators On Twitter, And Nigerians Are Not Amused
Nigeria has shown interest in getting at least 100 to 500 free ventilators from Elon Musk, a South African-born American…
Emirates To Resume Limited Passenger Flights
Emirates Airline said Thursday it is to resume a limited number of outbound passenger flights from April 6, less than…
Dangote And Unilever Are Biggest Losers As Equity Market Loses N104bn
Transactions on the Nigerian equity market on Wednesday commenced the month of April on a downtrend as Unilever Nigeria Plc…
US Unemployment Claims Hit Record High
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in…
Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply To Somalia
Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the…
Over Half Of Americans Are Postponing Weddings—Till When, Few Know
One of the last weddings performed in public in Las Vegas was on St. Patrick’s Day. The groom wore a dark…
US Fed Takes On Role Of World’s Central Bank By Pumping Out Dollars
Unveils new repurchase facility for foreign central banks. Dollar squeeze threatens world economy reeling from virus
Mask Or No Mask? This Is What The Virus Experts Say
As the Covid-19 pandemic has unfolded, authorities in different places have said different things about whether healthy people should go around wearing…
Trapped by Coronavirus, Nigeria’s Elite Faces Squalid Hospitals
Border closures mean the powerful can’t seek treatment abroad. Nigeria has 75,000 doctors, far below WHO recommendations
Atedo Peterside Quits NB Board
Mr Atedo Peterside Wednesday resigned from the board of directors of Nigerian Breweries Plc. The company secretary, Mr Uaboi Agbebaku,…
FG Begins Distribution Of N20,000 Relief Fund To Poor Nigerians
The Nigeria Government on Wednesday commenced the disbursement of N20,000 Conditional Cash Transfer to poor homes in the country. Speaking…
British Banks Cancel Payment Of Dividends To Shareholders
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of…
EU Agency warns Against Use Of Chloroquine Except In Case Of ‘National Emergency’
Anti-malarial drugs chloroquine and hydroxychloroquine should only be used to treat COVID-19 in clinical trials or in case of “national…
Coronavirus: Wimbledon Cancelled For The First Time Since World War II
Wimbledon organisers on Wednesday scrapped the grasscourt Grand Slam for the first time since World War II as the coronavirus…
Breaking: Nigeria Records 23 New Cases Of Coronavirus
Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The…
Ikeja electric suspends disconnection activities
Ikeja Electricity Distribution Company(Ikeja Electric) has announced the suspension of all disconnection activities of non-paying customers for the period of two…
For The First Time in 44 years, China’s economy may not grow at all
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…
Coronavirus: Facebook To Roll Out New Feature That Lets Neighbors Volunteer To Help Each Other
Facebook (FB) is rolling out a new tool that lets its users offer or request help from their neighbors during the coronavirus pandemic.…
Twelve New Cases Of Coronavirus Detected In Nigeria
The Nigeria Centre for Disease Control has announced twelve new cases of Coronavirus in Nigeria. The NCDC in a statement…
Coronavirus Will Push Millions Into Poverty – World Bank
The financial impact of coronavirus will stop almost 24 million people from escaping poverty in East Asia and the Pacific,…
Coronavirus: US Unemployment To Hit 15% – Goldman Sachs
After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in…
China’s ports brace for second hit as virus spread wipes out exports
With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts,…
NERC suspends electricity tariff increase
The Nigerian Electricity Regulatory Commission has suspended the proposed increase in electricity tariffs initially slated for Wednesday (today). NERC had…
China’s Divorce Spike Is A Warning To Rest Of Locked-Down World
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 the pandemic began in Wuhan, received 162 reports of domestic violence in February—three times more than the 47 reported during the same month in 2019.
Nigerian Naira Black-Market Rate Weakest In Three Years
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.
Standard Bank Withdraws Guidance Over COVID-19
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19) which has forced South Africa…
MTN Mulls Phased Sale Of Nigerian Stocks To Local Investors
MTN Group has said it would push on with a plan to reduce its majority stake in the wireless carrier’s…
China’s Finance World Opens Up to Foreigners, Sort Off
While the trade war was crimping the flow of goods between the U.S. and China, the Chinese government was opening doors in…