Oil Crashes Below $18, The Cheapest Since 9/11
President Donald Trump’s victory lap for convincing Russia and Saudi Arabia to cut production looks awfully premature. US oil prices…
Year: 2020
Cash Is king As U.S. Quarterly Reporting Season Gains Steam
As the U.S. quarterly earnings season picks up steam next week, investors will get an early glimpse of how…
Airbus Furloughs 3,000 French Aerospace Workers
Airbus (AIR.PA) will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday,…
Nigeria’s Oil Hub Quarantines 22 Exxon Mobil Workers: River State Governor
Nigeria’s Rivers State has quarantined 22 Exxon Mobil Corp. employees for violating an order introduced last month restricting movement into…
Rwanda Uses Drones To Help Catch Lockdown Transgressors
Tech-savvy Rwanda is using drones to keep residents of the capital Kigali informed of coronavirus lockdown measures – and help…
Covid 19 Lockdown: Food, Liquor Stores Looted In South Africa
South Africans attacked police officers on the streets of Cape Town on Tuesday as the effects of a Coronavirus inspired…
COVID-19: China Hiding Information, Not Transparent – President Macron
French President, Emmanuel Macron has dismissed the idea that China’s handling of the Coronavirus epidemic was transparent. Macron said there…
Wall Street Climbs On Boeing, Trump’s Reopening Plan
Wall Street bounced on Friday, boosted by a surge in Boeing shares, with President Donald Trump’s plan to reopen the…
Dangote-Led Flood Committee Donates N1.5bn To Further Fight COVID 19 Pandemic
Bothered with the increasing trend and spread of Covid 19 pandemic, the Presidential Flood Relief and Rehabilitation Committee, set up…
BREAKING: Nigeria Gets Debt Relief From China, G-20
China and G-20 countries have agreed to give debt relief to the poorest countries in the world which are classified…
P&G Profit Beats Estimates As Shoppers Stock Up On Diapers And Toilet Rolls
Procter & Gamble Co (PG.N) beat Wall Street expectations for quarterly profit on Friday as consumers stockpiled on everything from…
Arsenal Players Set To Become First In Premier League To Agree Pay Cut
Arsenal players are set to be the first in the Premier League to agree to a pay cut after being…
Jeff Bezos Reveals What The U.S Needs To Do Before Reopening The Economy
The pressure is rising in the U.S. economy. Another 5.245 million Americans filed for unemployment insurance last week. In just four…
Nigerian Banks Recorded N11.44tn Online Transactions in March
Bank customers carried out a total of N11.44tn worth of financial transactions on the Point of Sales and Instant payment…
Don’t Expect Crude Demand Recovery Before July, Says OPEC
The demand for crude oil will not recover till the second half the year, the Organisation of Petroleum Exporting Countries…
China’s First Quarter GDP Shrinks For The First Time
China’s economy contracted for the first time on record in the first quarter as the coronavirus shut down factories and…
Coronavirus Will Likely Kill 300,000 African – UN Agency
The COVID-19 pandemic will likely kill at least 300,000 Africans and risks pushing 29 million into extreme poverty, the U.N.…
22m Americans File For Jobless Claims
After three consecutive weeks of jobless claims in the millions, another 5.245 million Americans filed for unemployment benefits for the…
Africa May Rebound In 2021 But Coronavirus Impact To Endure – IMF
Africa is expected to reverse an economic contraction linked to fallout from the COVID-19 pandemic next year, according to the…
Uber Withdraws Forecast And Will Write Down About $2 Billion
Uber Technologies Inc. withdrew its financial guidance for 2020 and said it will write down about $2 billion in investments…
Nokia Shares Surge On Report Of Takeover Bid
Nokia (NOKIA.HE) declined to comment on Thursday on a media report saying it was working with an investment bank to…
Nasdaq Rises As Amazon And Netflix Surge To Record Highs
The Nasdaq rose in afternoon trading on Thursday as Amazon.com and Netflix surged to record highs, while worries about first-quarter…
Half Of The World Has Asked For A Bailout – IMF
Half of the world’s countries have approached the International Monetary Fund for emergency loans to weather the financial crisis sparked…
Facebook Cancels Large In-person Events Through June 2021
Facebook (FB) is canceling all of its planned physical events with 50 or more people through June 2021 due to…
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…
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…