World Greece Plans Gradual Relaxation Of Lockdown Measures April 28, 2020 Ekemini Greek Prime Minister Kyriakos Mitsotakis said on Tuesday restrictions on citizens’ movements would be lifted and more shops allowed to reopen from May 4 in a gradual easing of a…
World France Plots Gradual Exit From Lockdown From May 11, But Cafes To Stay Closed April 28, 2020 Ekemini France will begin to ease its coronavirus lockdown from May 11 to avoid an economic meltdown, Prime Minister Edouard Philippe said on Tuesday, but he warned that infections would spiral…
Local BREAKING: 2020 Budget: Senate Approves Buhari’s N850bn Loan Request April 28, 2020 Ekemini The Senate has approved the N850billion loan request of the President, Major General Muhammadu Buhari (retd.), which was read at the plenary on Tuesday. The loan request is to finance…
Local Nigeria: FBN Holdings Shareholders Approve N13.64bn Dividend April 28, 2020 Ekemini Shareholders of the FBN Holdings have approved a total dividend of N13.64bn declared by the company for the financial year ended December 31, 2019. The dividend translated to 38k per…
World Harley-Davidson Cuts Dividend Payout, Suspends Share Buybacks April 28, 2020 Ekemini Harley-Davidson Inc (HOG.N) cut its quarterly dividend to just 2 cents and suspended share buybacks on Tuesday to boost its cash reserves even as it reported a smaller-than-expected decline in…
Local Nigeria: Buhari Seeks N’assembly Approval For N850bn Loan To Fund 2020 Budget April 28, 2020 Ekemini President Muhammadu Buhari has asked the national assembly to approve a loan request of N850 billion to fund the 2020 budget, the Cable reports. The president’s request was contained in…
Local Remote Work Revenue Could Help Microsoft Offset Coronavirus Impacts, Analysts Say April 28, 2020 Ekemini When Microsoft Corp reports earnings on Wednesday, analysts expect some areas of its business to take a hit from the novel coronavirus pandemic, with lower-than-expected sales in areas like advertising…
Business Pepsi Warns Second Quarter Revenue Will Drop April 28, 2020 Ekemini Pepsi warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas, such as restaurants, theaters and stadiums, were forced to…
Local Central Bank Of Nigeria Lifts Suspension On Cheques’ Clearing April 28, 2020 Ekemini The Central Bank of Nigeria has lifted suspension on cheque clearing by the Deposit Money Banks. It stated this in a circular to all the DMBs and Nigeria Inter-Bank Settlement…
Local IMF To Meet On Nigeria’s Emergency Loan Request Today April 28, 2020 Ekemini There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria on Tuesday (today). Although the Minister of Finance, Budget and…
World US Oil Falls Below $11 Per Barrel April 28, 2020 Ekemini US oil nosedived below $11 a barrel on Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles…
Features World Market Wrap April 28, 2020 Ekemini S&P 500 contracts turn higher alongside shares in Europe, Asia. Crude deepens losses after Monday plunge; Treasuries steady. It’s harder to buy equities from a valuation perspective, says Marvin Loh,…
World COVID-19 Global Virus Update April 28, 2020 Ekemini Virus Tracker: Total cases 3 million; deaths pass 211,000. White House strategy envisions tests reaching 2% of public Johnson urges U.K. to stick to lockdown. European nation with fewest virus…
Business Adidas’ First Quarter Profit Falls By 90% April 27, 2020 Ekemini Adidas has said that sales will fall by 40% in the second quarter after the German sportswear giant saw profits drop more than 90% in the first three months of…
Local New York State Cancels Presidential Primary Over Coronavirus Risk April 27, 2020 Ekemini New York state on Monday canceled its presidential primary over concerns voting was an unnecessary risk amid the COVID-19 pandemic, drawing an angry response from the campaign of Bernie Sanders,…
Local BREAKING: President Buhari Extends Lockdown In Lagos, Ogun, FCT Until May 4, Curfew To Begin After That April 27, 2020 Ekemini President Buhari has extended the lockdown in Lagos, Abuja and Ogun state till May 4th He also sad a dusk to dawn curfew will take effect in all three states…
Africa South Africa Seeking $5 Billion From Multilateral Lenders To Fight Virus April 27, 2020 Ekemini South Africa is seeking 95 billion rand ($4.99 billion) from multilateral lenders to help it fight the COVID-19 pandemic, a senior Treasury official said on Sunday. Africa’s most advanced economy…
World U.S Oil Slips Below $15 Per Barrel April 27, 2020 Ekemini US oil prices fell heavily on Monday and slipped below $15 a barrel on renewed storage concerns as the coronavirus throttles demand, even as producers start slashing output to boost…
Business GE’s Coronavirus Troubles Likely To Hit Power Business, Not Just Aviation April 27, 2020 Ekemini Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to help lift profits Several major…
World Healthy Again, British PM Says Too Risky To Relax Lockdown Yet April 27, 2020 Ekemini Prime Minister Boris Johnson returned to work on Monday after recovering from COVID-19 with a warning that it was still too dangerous to relax a stringent lockdown hammering Britain’s economy…
Investing Apple, Amazon, Boeing, Airbus, Federal Reserve – 5 Things You Must Know Monday April 27, 2020 Ekemini Stock futures rise as economies across the globe, including the United States, move tentatively toward reopening; Apple, Amazon and Alphabet highlight a busy earnings week; the Federal Reserve meets; Boeing…
Business Apple To Delay Mass Production Of 2020 Flagship iPhones April 27, 2020 Ekemini Apple Inc is delaying the production ramp-up of its flagship iPhones coming later this year by about a month as the coronavirus pandemic has weakened global consumer demand and disrupted…
Opinion Prepare For A Decade Of Low Stock Market Returns April 27, 2020 Ekemini Elevated valuations historically signal low returns
World Bank of Japan Expands Stimulus As Pandemic Pain Worsens April 27, 2020 Ekemini The Bank of Japan expanded monetary stimulus on Monday and pledged to buy an unlimited amount of bonds to keep borrowing costs low, as the government tries to spend its…
World U.S. Economy Faces Historic Shock With 16% Unemployment Possible April 27, 2020 Ekemini The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate to 16% or higher this…
Features Kanye West Is Now Officially A Billionaire April 26, 2020 Ekemini After months of requests, the hip-hop superstar shared financial records, revealing details about his wildly popular Yeezy sneaker empire — and his fixation on outside validation.
World New York City Needs $7.4 Billion In Federal Aid Amid Coronavirus: Mayor April 26, 2020 Ekemini New York City needs a $7.4 billion in federal aid to offset economic losses from the coronavirus, Mayor Bill de Blasio said on Sunday, urging President Donald Trump to push…
Features Reconsidering Cannabis ‘Teaspoon’ Of Tax Revenue April 26, 2020 Ekemini Cannabis companies would get access to small-business aid under new legislation introduced in the House last week, but whether the pandemic helps or hurts broader legalization efforts is an open…
World Saudi Arabia Cuts $265 Million Deal With China To Fight Virus April 26, 2020 Ekemini Saudi Arabia will pay China 995 million riyals ($264.6 million) to provide coronavirus tests and medical expertise, Abdullah Al-Rabiah, chairman of the Negotiation and Purchase Committee said Sunday, citing a…
World World’s Biggest Wheat Supply Dries Up When Some Want It Most April 26, 2020 Ekemini Russian exhausts grain-export quota two months ahead of plan. Russian ban could benefit rival suppliers like the EU and U.S.
