Nigerian Government Begins Payments to 500,000 N-Power Beneficiaries
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has said that the 500,000 N-Power enrollees across the…
Month: April 2020
Coronavirus: A Million Face Masks Distributed Across Africa
A first delivery of medical supplies from the World Health Organization (WHO) has left a new regional distribution hub in…
Will Coronavirus End The Handshake?
The United States has become the hardest-hit country in the global Covid-19 pandemic, with more than 550,000 confirmed cases and 22,000 deaths. People…
Newcastle United Takeover Deal Worth £300m Close
A Newcastle United takeover has taken a step closer after new documents show that owner Mike Ashley has entered into…
Nigeria Records 19 New Cases Of Coronavirus
Nigeria has recorded Nineteen new cases of #COVID-19. Of the 19 new confirmed coronavirus cases, 14 were recorded in Lagos,…
IMF Grants Debt Relief For 19 African Nations
The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six…
IMF: Global Economy To Contrast By 3% This Year, The Worst Since The Great Depression
The global economy will contract by 3% this year as countries around the world shrink at the fastest pace in…
Coronavirus: UK Economy ‘Could Shrink By Record 35%’ By June
The UK’s independent tax and spending watchdog has warned the coronavirus pandemic could see the economy shrink by a record…
Ten U.S. States Developing ‘Reopening’ Plans Account For 38% Of U.S. Economy
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible…
Nigeria’s Debt Service To Revenue Ratio Rises To 48%
The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial…
EU Gives Nigeria €50m Grant To Fight Coronavirus
The European Union has given Nigeria a grant of €50 million to fight Covid-19, President Muhammadu Buhari’s spokesman Femi Adesina…
JPMorgan Warns Of ‘Fairly Severe Recession,’ Expects Billions In Loan Losses
JPMorgan Chase (JPM), the largest U.S. bank by assets, kicked off earnings season for the big banks on Tuesday by…
Nigeria To Earn $10.61bn For Rest Of The Year After Cut In Crude Production
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members…
Here Is How You Can Access CBN’s N50bn COVID-19 Intervention Fund
The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for…
Stocks, U.S. Futures Gain Before Earnings Kick Off
Stocks advanced on Tuesday along with U.S. index futures at the outset of one of the most uncertain earnings seasons on…
Gold’s Powerful Rally Brings $1,800 Into View
Holdings in SPDR Gold Shares top 1,000 tons amid rising demand. Futures on Comex keep wide premium over spot prices in London. Gold could retest 2011’s high, says Hans Goetti, founder and CEO at HG Research.
Apple Shipped 2.5 Million iPhones In China In March Following Virus Slump: Government Data
Apple Inc (AAPL.O) shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst…
Trump Says Plan To Re-Open Shuttered U.S. Economy To Be Completed Soon
President Donald Trump said on Monday that his administration was close to completing a plan to re-open the U.S. economy,…
Asia Shares Hit One-Month High On Chinese Trade Data, Easing Pandemic Worries
Asian equities extended gains on Tuesday after China’s trade data came in better than expected and as some nations tried…
Exxon Raises $9.5 Billion To Load Up On Cash Ahile Debt Market Still Open To New Deals
Exxon Mobil Corp on Monday raised $9.5 billion in new debt, with the largest U.S. oil producer seeking to bolster…
Getting A Coronavirus Test In Wuhan, China: Fast, Cheap And Easy
Coronavirus tests can be difficult to come by in many countries including in hard-hit parts of the United States and…
New York, California And Other States Plan For Reopening As Coronavirus Crisis Eases
Ten U.S. governors on the east and west coasts banded together on Monday in two regional pacts to coordinate gradual…
UK Prime Minister, Boris Johnson Tests Negative For Coronavirus
UK Prime Minister, Boris Johnson has tested negative for coronavirus before being discharged from hospital on Sunday, a government spokesman…
Coronavirus: Amazon To Add 75,000 More Jobs
Amazon.com Inc said on Monday it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery…
BREAKING: Nigeria’s President Extends Lockdown in FCT, Lagos, Ogun By 14 Days
Nigerian President, Muhammadu Buhari, has extended the coronavirus (COVID-19) lockdownin the federal capital territory, Lagos and Ogun States by 14…
Ford expects $600 million first-quarter loss due to coronavirus
Ford Motor Co (F.N) said on Monday it expects to post a pre-tax loss of about $600 million for the…
Petrol Price Could Further Drop By N8/litre –Marketers
The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil…
Nigerian Stock Market Halts Four Weeks Downtrend
Transactions on the floor of the Nigerian Stock Exchange closed last week on the positive with the equity market recording…
Why The Next 4 Weeks Could Be Lethal For The Stock Market
The approaching earnings season is going to plain old suck, no thanks to the coronavirus. Just take a gander at…
China Has Been Stockpiling Oil For Years. Low Prices Give It Reason To Buy More
Oil is cheaper right now than it has been in years. That’s great news for China — the world’s second…