Twitter’s CEO, Jack Dorsey Pledges $1bn For Coronavirus Relief Efforts
Square Inc and Twitter Inc (TWTR.N) chief executive officer Jack Dorsey has said he is pledging $1 billion of his…
Year: 2020
Oil Falls To $32 After OPEC Postpones Meeting
The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output…
Nigeria’s Fed Govt To Suspend Payment Of Interest On Debts Owed By State Governments
The President, Major-General Muhammadu Buhari (retd.), has approved the suspension of the payment of interest on debts owed by state…
No Buyer Has Rejected Nigeria’s Crude, NNPC Says
No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the…
Coronavirus: Robots Replace Japanese Students At Graduation
Spring graduation ceremonies in Japan have been cancelled because of the coronavirus pandemic, but students at one school were able…
WhatsApp Limits Message Forwarding To Curb Spread Of Misinformation
Facebook Inc’s (FB.O) WhatsApp tightened message forwarding limits on Tuesday, restricting users to sharing forwarded content one chat at a…
Scammers Try Selling World’s Tallest Statue As Lockdown Boosts India’s Cyber Crime
Police in India lodged a case this week against an unknown online fraudster who tried selling the world’s largest statue…
Nigerian Economy Will Contract Without Stimulus – Finance Minister
Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put in place…
Nigeria Won’t Seek Eurobond Waiver, Looks To China For Debt Relief
Nigeria won’t seek a suspension of interest payments from its Eurobond holders, but will seek debt relief from China as…
Coronavirus: Sex Workers Forced To Go Digital
Most sex workers meet customers in person. For them, the coronavirus spells economic ruin. “The virus is a disaster for…
Calls For Debt Relief For Developing Economies Intensifies
More than 100 global organisations are calling for debt payments of developing countries to be dropped this year. These countries…
Petrol Subsidy Gone Forever, Says NNPC
The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said…
Fitch Downgrades Nigeria To ‘B’ Negative Outlook
Fitch Ratings has downgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B+, which means the outlook is negative.…
Airbnb Hosts Defy Lockdown Laws With ‘Covid-19 Retreats’
Airbnb hosts advertising properties as coronavirus hideouts are “dangerous and irresponsible”, the government says. Owners have listed homes as being…
Nigeria Records 6 New Cases Of Coronavirus, Total Cases Now 238
The Nigeria Centre for Disease Control announced six new coronavirus cases in Nigeria bringing the total cases in the country…
Coronavirus: UK Car Registration Drops By 40%
New car registrations for March saw a steeper fall than during the financial crisis, according to the motor industry. Data…
‘Africa Cannot And Will Not Be A Testing Ground For Any Vaccine’, WHO Chief Says
The World Health Organization chief angrily slammed recent comments made by scientists suggesting a vaccine for the new coronavirus should…
Buhari Approves Recruitment Of 774,000 Nigerians To Cushion Effect Of Coronavirus
President Muhammadu Buhari on Monday approved the engagement of 774, 000 Nigerians on a Special Public Works programme in the…
Stocks Surge Going Into Close On Easing Virus Toll
Oil slips after forecast for large stockpile gain; Gold rises. Utilities lead S&P higher; Dow gains more than 1,000 points. Equities face an erratic path in the coming months, says JPMorgan’s John Normand.
BREAKING: Boris Johnson Is Moved to Intensive Care With Covid-19 Worsening
Official says U.K. prime minister in case he needs ventilation. Foreign Secretary Dominic Raab to stand in for Johnson
India Shuts Railways As Trains Turn Into Makeshift Hospitals
When Prime Minister Narendra Modi imposed a nationwide lockdown on March 25, Indian Railways took the unprecedented move of suspending…
KFC Tells S.African Landlords It Won’t Pay Rents During Lockdown
KFC-owner Yum! Brands Inc. has told landlords in South Africa that the U.S. firm won’t be paying rent while outlets…
Nigeria To Borrow $6.9 Billion To Counter Coronavirus Spread
State to tap IMF rapid-credit facility, expects funds by May. Minister says talks are underway for two-year debt moratorium
S. Africa’s Economy May Shrink By As Much As 4%, Reserve Bank Says
South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb…
Uganda Slashes Interest Rate To Record Low Of 8% As Coronavirus Bites
Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which…
Equity Market Depreciated By 3.5% Last Week
Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE…
BREAKING: Buhari Orders $150m Withdrawal From NSIA To Augment FAAC Disbursement
President Muhammadu Buhari has ordered that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA). The Minister of…
NCC Clears The Air Over Conspiracy Theory Linking 5G And Coronavirus
The Nigerian Communications Commission, NCC, has released a statement on the conspiracy theory linking the coronavirus disease with 5G telecommunications…
Increased Chip Sales Unlikely To Cushion Samsung’s Virus Hit Quarter Profit
The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from…
Coronavirus: Air Peace Delivers FG’s medical Supplies From Turkey
The Federal Government has taken delivery of medical supplies from Istanbul, Turkey, to fight the coronavirus pandemic. The supplies were…