Half World’s Worker May See Livelihood Destroyed
Half of the world’s workers are in danger of having their livelihoods destroyed by the coronavirus pandemic, a United Nations…
Year: 2020
Warren Buffett Is Handling The Coronavirus Crisis Like He Mastered The Great Recession
As the coronavirus crisis unfolds, many are asking: Where is Warren Buffett? They want to hear and see more from…
Netflix May Have Edge On Competition As Coronavirus Keeps People Looking For New Shows
While most prominent tech companies are fretting about the effects of the COVID-19 pandemic, Netflix Inc. may become even more…
Nigeria: Fuel Subsidy Will Not Return, FG Assures IMF
The Federal Government has pledged that it will ensure that fuel subsidy, which was recently removed, does not re-emerge. The…
IMF Approves $91 Million Loan To Malawi For COVID-19 Trade Balance Woes
The International Monetary Fund (IMF) has approved a $91 million loan for Malawi to help fund a balance of payments…
Malls And Retail Stores Are Reopening. But Shoppers May Not Come Back
Some malls and retailers are reopening their doors in states easing coronavirus stay-at-home measures. Now comes the hard part: persuading…
Shell Cuts Dividend For First Time Since WWII
Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss –…
BREAKING: Nigeria Records 238 New COVID-19 Cases, Total Now 2,170
Nigeria has recorded 238 new coronavirus cases, bringing the total number of infections in the country to 2,170. The Nigeria…
US FDA Authorizes Emergency Use Of Remdesivir As COVID-19 drug
During a meeting in the Oval Office of the White House with President Donald Trump, Gilead Chief Executive Daniel O’Day…
Rolls-Royce Considering Cutting Up To 15% Of Its Workforce
British aero-engine maker Rolls-Royce Holdings Plc (RR.L) is considering cutting up to 15% of its workforce, a source close to…
Elon Musk Tweet Wipes $14bn Off Tesla’s Value
Tesla’s founder Elon Musk wiped $14bn off the carmaker’s value after tweeting that its share price was too high. The…
Anthony Joshua v Tyson Fury Talks With Interested Venues Begin
Talks are under way over a historic bout for the undisputed heavyweight championship of the world between Anthony Joshua and…
Apple Boosted By Streaming Services Despite Lockdown
Apple saw growth for the first three months of the year, as falling device sales in China were offset by…
Buoyed By Increased Sales During Pandemic, Bezos Says Amazon Is Thinking Big
Amazon sales surged in the first three months of the year, as the coronavirus lockdown boosted demand for the firm’s…
Tesla Stocks Decline After Questions About Company’s Accounting Practices
David Einhorn, a famed short-seller, questioned Elon Musk, the CEO of Tesla Inc. (NASDAQ: TSLA), Thursday on Twitter, about the…
BREAKING: Tiff Macklem Named Next Bank Of Canada Governor
Tiff Macklem has been named the next Bank of Canada governor as the economy grapples with the effects of the…
Coronavirus: Markets Fall As Trump Threatens China Tariffs Over Pandemic
Stocks sank in London on Friday after US president Donald Trump threatened to impose new tariffs on China over its…
Nigerian Government Continues With The Disbursement Of N50bn Covid-19 Fund
NIRSAL Microfinance Bank has commenced the disbursement of the Central Bank of Nigeria N50bn Targeted Credit Facility. The Managing Director,…
Maruti Suzuki, India’s Biggest Carmaker Recorded Zero Sales In April
Maruti Suzuki India Ltd., which produces more than half the cars on India’s roads, recorded no sales in the domestic…
Nigeria: Lagos Directs Reopening Of Government Offices, Establishments
Lagos State Head of Service, Mr. Hakeem Muri-Okunola, has announced the reopening of the State Secretariat, Alausa as well as…
Nigeria: CBN Extends Microfinance Banks Recapitalization Deadline
The Central Bank of Nigeria in consideration of the impact of the COVID-19 pandemic on economic activities has revised the…
Trump Threaten New Tariffs On China In Retaliation For Coronavirus
U.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the…
Oil Price Rises To $25 As US Inventories Drop
Crude oil price is set to end the nightmare of producers as it rose for the second day thursday by…
Nigeria’s Access Bank To Cut Staff Salaries To Avoid Job Losses
Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the…
Wall Street Caps Best Month In Decades With Broad Sell-off
U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the…
Nigeria: FIRS Waives Interests And Penalties On Outstanding Debts To May 31st
The Federal Inland Revenue Service (FIRS) has announced additional palliative measures to further manage the impact of the Coronavirus disease…
Nigeria: BREAKING: We Did Not Approve Fresh 85 Billion Loan For Buhari – Senate
The Nigerian senate has dispelled reports that a fresh N850 billion loan request made by the president was approved during…
American Airlines Posts $2.2 Billion Loss On Pandemic, First Since Bankruptcy Exit
American Airlines (AAL.O) on Thursday posted a $2.2 billion net loss, its first quarterly loss since emerging from bankruptcy in…
Twitter Sales Top Estimates, As Asia’s Ad Sales Rebounds After Ease In Lockdown
Twitter Inc (TWTR.N) on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus…
Netflix Just Had A Great Q1. Is The Stock Getting Too Expensive?
The COVID-19 pandemic has altered habits and routines like never before. With strict lockdowns in place all across the world…