Investing Nigerian Stock Market Extends Decline, Loses N162bn April 24, 2020 Ekemini Activities on the Nigerian Stock Exchange on Thursday closed southwards, extending previous negative sentiment to three consecutive trading sessions, following sell-off recorded by some stocks. However, the market breadth closed…
Business MTN Group To Reduce Stake In Nigeria April 24, 2020 Ekemini MTN Group Ltd will push on with the plan to reduce its majority stake in the wireless carrier’s business, it was learnt on Thursday. But the turmoil caused by the…
World Bezos, Musk Among Billionaires Gaining Net Worth In Pandemic April 24, 2020 Ekemini The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc (TSLA.OA) chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to…
World Russia Cuts Key Interest Rate As Coronavirus And Oil Price Plunge Take Hold April 24, 2020 Ekemini The Central Bank of Russia (CBR) on Friday cut its key interest rate by 50 basis points to 5.5%. The move comes as the spread of the coronavirus pandemic and…
World Oil Prices Rise, Capping Week Of Historic Turmoil Over Coronavirus April 24, 2020 Ekemini Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move to cut output and the United States approved another package…
World Coronavirus Stockpiling Drives Best Nestle Sales Growth In Years April 24, 2020 Ekemini Swiss food giant Nestle (NESN.S) reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled everything from Purina pet food to Nescafe coffee to frozen…
Features World U.S. Aid Bill Passed; Duterte Extends Lockdown April 24, 2020 Ekemini The U.S. House of Representatives overwhelmingly passed a $484 billion coronavirus aid package, replenishing funding to aid small businesses and provide support for hospitals and virus testing. U.S. infections rose…
Features World Asian Stocks Slip; Crude Oil Pushes Higher April 24, 2020 Ekemini S&P 500 Index pares rally as virus-drug test disappoints. 10-year Treasury yield holds at 0.6%; Crude climbs in New York
World Why I Suspended Green Cards — Trump April 24, 2020 Ekemini U.S. President Donald Trump has defended his new executive order that temporarily suspends immigrant visas. Addressing newsmen on Wednesday evening at the White House, Trump said he took the decision…
Africa South Africa To Ease Virus Lockdown In Bid To Revive Economy April 24, 2020 Ekemini South Africa’s government will begin easing a lockdown that has devastated the economy from next month, and assess the levels of restrictions that need to remain in place in towns…
Features Tips This Is What It Takes To Be In The 1% Around The World April 24, 2020 Ekemini The “top 1%” is the symbol of wealth and power thanks to a protest movement. Since Occupy Wall Street popularized the term almost a decade ago, inequality has surged, and…
Features World Why Is Harvard Getting $9 Million In Stimulus Money When It Has A $40 Billion Endowment? April 24, 2020 Ekemini Harvard is under attack for the $9 million in stimulus money it’s getting from the federal government. “America’s Richest University Grabs Nearly $9 Million In Taxpayer Aid,” blasted a Huffington…
Local Nigeria: GTBank Releases Q1 2020 Unaudited Results, Reports Profit Before Tax Of ₦58.2Billion April 24, 2020 Ekemini Guaranty Trust Bank plc has released its unaudited financial results for the period ended March 31, 2020, to the Nigerian and London Stock Exchanges. A review of the results shows…
Local Nigeria: Nestlé Donates N700 Million Towards Coronavirus Response April 24, 2020 Ekemini In line with its company’s policy to improve livelihoods in its communities, Nestlé Nigeria has contributed over N700 million to support the COVID-19 response efforts in Nigeria. The donation includes…
World UK Economy Crumbling Under Coronavirus Strain As Questions Mount Over Lockdown Exit April 23, 2020 Ekemini The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is soaring to the highest levels in peacetime history, increasing pressure on the government…
Banking Investing World Venture Firm Benchmark Raises New Fund Without Early Uber Investor: Source April 23, 2020 Ekemini The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent…
Technology World Flaw In iPhone, iPads May Have Allowed Hackers To Steal Data For Years April 23, 2020 Ekemini Apple Inc (AAPL.O) is planning to fix a flaw that a security firm said may have left more than half a billion iPhones vulnerable to hackers. The bug, which also…
Features World Trump Signs Immigration Order Curbing Green Cards April 23, 2020 Ekemini President Donald Trump on Wednesday signed an order to temporarily block some foreigners from permanent residence in the United States, saying he was doing so in order to protect American…
World China To Donate More Money To The WHO April 23, 2020 Ekemini China is to donate an additional $30 million to the World Health Organization (WHO) to support efforts to combat the coronavirus, China’s Foreign Ministry spokeswoman Hua Chunying said on Thursday.
Africa ECOWAS Appoints Buhari To Coordinate Fight Against COVID-19 In Africa Sub-region April 23, 2020 Ekemini Member countries of the Economic Community of West African States (ECOWAS) have appointed Nigeria President Muhammadu Buhari as the coordinator of the sub-regions’ response to coronavirus. Nigeria’s presidential spokesman Femi…
Business Gap Stops Paying Rents, Warns It Might Not Have Enough Cash For Operations April 23, 2020 Ekemini Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut because of the coronavirus pandemic. The apparel retailer said in…
Local Nigerian Telcos Battle Congestion, Suspend Porting, Seek Spectrum Sharing April 23, 2020 Ekemini Telecommunication operators are struggling to keep up with the rise in voice and data traffic that has led to congestion on all the networks. Some of the operators who spoke…
Business Investing World Why A ‘Return To Normal’ Could Mean Disaster For The Stock Market April 23, 2020 Ekemini It’s hard to deny, although some do, that the stock market, pre-coronavirus, was pushing the limits of what it means to be in a bubble. Of course, bubbles come and…
Business Target’s Shares Tumble As Retailer Says First-Quarter Profits Will Be Hurt By Higher Costs April 23, 2020 Ekemini CEO Brian Cornell said Thursday the retailer has benefited from a surge in online shopping, but warned it will have lower profits this quarter due to higher costs. The news…
World Apple Aims To Sell Macs With Its Own Chips Starting In 2021 April 23, 2020 Ekemini Apple Inc. is planning to start selling Mac computers with its own main processors by next year, relying on designs that helped popularize the iPhone and iPad, according to people…
Local Oil Crash May Warrant Production Halt In Nigeria – NNPC April 23, 2020 Ekemini Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in production, the Nigerian National Petroleum Corporation has declared. On Tuesday,…
World Saudi Arabia May Re-route Tankers If U.S. Imposes Crude Import Ban April 23, 2020 Ekemini Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom,…
World Record U.S Jobless Claims Wipe Out Post-Great Recession Employment Gains April 23, 2020 Ekemini A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in U.S. history were wiped…
World Pandemic Throws Asia’s Services Firms, Factories Into Deeper Decline April 23, 2020 Ekemini The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on the region’s service sector firms, surveys showed on Thursday. The…
World Facebook Rolls Out Messenger Kids To 70 New Countries April 22, 2020 Ekemini Facebook on Wednesday rolled out its Messenger Kids application to 70 new countries, saying it can help children deal with the challenges of distance learning and isolation during the virus…
