Nigerian Government Orders Removal Of Trucks From Port Roads
The Federal Government has issued fresh guidelines aimed at stemming the spread of the novel coronavirus. This is coming against…
Month: April 2020
Seven U.S. States Extend Lockdown to May 15 Despite Trump’s Plan To End Shutdown
Seven Northeastern states on Thursday extended a shutdown to contain the coronavirus pandemic until May 15, even as President Donald…
Nigerian Stock Market Sustains Uptrend With A Gain Of N344bn
The Nigerian Stock Exchange on Wednesday maintained its uptrend of gains, extending positive sentiment to five consecutive trading sessions, with…
Trump To Push For Reopening U.S. Economy Despite Concerns From Experts
U.S. President Donald Trump on Thursday plans to announce new guidelines to reopen the economy after a monthlong shutdown over…
Over 20 Million Americans Have Filed For Unemployment Benefits
Millions more Americans likely sought unemployment benefits last week, lifting total filings for claims over the past month above an…
Where Are All The Unused Planes Right Now?
Between a third and half of the global population are in some form of lockdown. City centres, malls, high streets…
Wedding Preparations Resume In Wuhan, China
Peng Jing stifles a laugh as she looks into the eyes of her tuxedo-clad fiancee, Yao Bin, who is in…
Mexico Could Force Businesses To Close If They Violate Coronavirus Rules
Mexico could force the closure of companies in non-essential sectors if they refuse to suspend operations during a state of…
Vatican Planning Spending Cuts As Pandemic Affects Main Source Of Funding
The Vatican was reportedly planning radical spending cuts Wednesday because the coronavirus pandemic has quashed its main source of funding — the Holy See’s fresco-rich museums.
Only a COVID-19 Vaccine Will Allow Return To ‘Normalcy’: UN chief
A COVID-19 vaccine may be the only thing that can bring back “normalcy,” UN Secretary-General Antonio Guterres said Wednesday, hoping…
COVID-19 Global Virus Update
U.S. President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the outbreak is plateauing…
Real Oil Market Is Sinking And OPEC+ Deal Can’t Rescue It
The physical oil market, where millions of barrels of real cargoes are traded each day, needed OPEC+’s historic cuts to global crude production months ago.
Oil Holds Near 18-Year Low As Demand Shock Outweighs Output Cuts
U.S. crude supplies jumped by 19.2 million barrels last week. WTI futures add 0.6% after falling to the lowest since 2002. IEA Sees Record Collapse in Global Oil Demand.
Stocks Rise With U.S. Futures; Dollar Extends Gain
Investors brace for new jobless figures from biggest economy. Oil holds near 18-year low after record slide in U.S. demand.
How The Spread Of Coronavirus Is Testing Africa
Africa has passed the grim milestone of 10,000 reported cases of coronavirus, along with more than 500 deaths, according to…
African Union Boss Condemns Trump For Cutting WHO Funding
The chairperson of the African Union commission, Moussa Faki, has condemned US President Donald Trump’s decision to halt its funding…
Coronavirus: Germany Slowly Eases Lockdown Measures
German Chancellor Angela Merkel has announced plans to slowly ease restrictions brought in to tackle the coronavirus pandemic. Social distancing…
Trump’s National Doral Miami Golf Resort To Cut 560 Jobs
President Donald Trump’s Miami-area golf resort is cutting 560 jobs after it was shut down in response to the coronavirus…
Apple’s New iPhone SE Is Also Its Most Affordable, And Everything Else You Should Know About The Latest iPhone
Apple today announced the second-generation iPhone SE, a powerful new iPhone featuring a 4.7-inch Retina HD display, paired with Touch…
Nigerian Stock Market Index Rises Further By 2.32% Despite Lockdown Extension
Despite government’s decision to extend the lockdown in Lagos, Abuja and Ogun states by additional 14 days, the Nigerian equities…
Coronavirus: Netflix And Amazon Investors Reap Reward Of Lockdown
The past few weeks have brought market turmoil of historical proportions, but investors in Amazon and Netflix are reaping notable…
What To Watch Out For As Netflix Reports Q1 Results
Netflix has been a star performer in the coronavirus pandemic, and investors are looking for signs that the company can…
Procter & Gamble Raises Dividend By 6%
Procter & Gamble Co. said it has raised its quarterly dividend by 6% and moved up its scheduled fiscal third-quarter…
African Countries That Faced Ebola Use Lessons To Fight Coronavirus
African countries previously hit by deadly Ebola outbreaks are using the lessons they learned to fight the coronavirus pandemic, experts say,…
Airbnb Secures New $1 billion Loan On Top Of $1 Billion Bond Deal
Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion…
Oil Falls 4% To $28 As Demand Collapses
Oil fell 4% towards $28 a barrel on Wednesday, pressured by reports of persistent oversupply and collapsing demand due to…
Bank Of America’s Quarterly Profit Reduces By 48.5% As It Prepares For Loan Losses
Bank of America Corp (BAC.N) recorded a 48.5% fall in quarterly profit on Wednesday, as it set aside $3.6 billion…
BREAKING: Nigeria’s Corporate Affairs Commission Headquarters In Abuja On Fire
Days after the office of the Accountant General of the Federation went up in flames, the headquarters of the Corporate…
80,000 Apply For Central Bank Of Nigeria’s Coronavirus Intervention Fund
Three weeks after the Central Bank of Nigeria released the guidelines for the N50bn targeted credit facility, over 80,000 applications…
McDonald Apologizes After Its Store In China Banned Blacks From The Premises
McDonald is in damage control mode after a restaurant in China displayed a sign banning black people from the premises.…