Coronavirus: NCDC Announces Four New Cases In Abuja And Lagos
The Nigeria Centre for Disease Control has announced four new cases of coronavirus in Nigeria. According to agency, three of…
Year: 2020
Naira Slumps Further, Dollar Sells for N412
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary…
Huawei warns China will strike back against new U.S. restrictions
Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which…
Unilever Nigeria records N60.5 billion revenue in 2019
The audited financial statement shows a turnover of N60.5 billion in the year under review. The figure is a decline compared to N92.89 billion recorded for the corresponding year, 2018.
‘We Don’t Work, We Don’t Eat’, Informal Workers In Lagos Bemoan Lockdown Of The City
Many countries in Africa are imposing lockdowns on their citizens as they race to curb the spread of coronavirus. But…
Coronavirus: Amazon And Instacart Workers Begin Strike
Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike…
CBN temporarily suspends cheque clearing during Coronavirus lockdown
The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian…
Coronavirus: Messi Says Barcelona Players Will Take 70% Pay Cut
Barcelona captain Lionel Messi has announced that all players of the Catalan club will take a 70% pay cut during…
Nigeria’s Coronavirus Cases Hits 135
Four new cases of coronavirus have been reported in Nigeria. Of the four, three were recorded in Osun State and…
Huawei posts 5.6% rise in 2019 profit, but it’s the smallest increase in three years
Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a…
Coronavirus: American Airlines to seek $12bn in government aid
American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact…
As Oil Price Continues To Fall, Experts Believe Further Cut In 2020 Budget Imminent
The latest development in the international oil market may have rendered inoperative the recently reviewed oil price benchmark for 2020…
South Africa’s Rand Hits Record Low As Moody Downgrades The Country’s Rating
The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering slightly Monday. This…
US begin Evacuation Of Citizens From Nigeria
The United States Mission in Nigeria has announced the commencement of evacuation of its citizens from Nigeria. This is happening…
J&J, Moderna sign deals with U.S. to produce huge quantity of possible coronavirus vaccines
There are currently no approved treatments or vaccines specifically for COVID-19, the respiratory disease that has killed more than 35,000…
Autosales Dropped Drastically In March
U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered…
Fidelity Bank To Shut Down Branches In Lagos, Ogun, And Abuja
Fidelity Bank on has announced that it would close all its branches in Lagos, Ogun and the Federal Capital Territory…
Ford, GE to produce 50,000 ventilators in 100 days
Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared…
ATMs, e-Payments Platforms To Be Functional During Lockdown
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, and the Central Bank of Nigeria Governor, Mr Godwin…
Coronavirus: FG grants 3 months moratorium for repayment of all govt funded loans
As part of its efforts to cushion the economic effects of the Coronavirus pandemic, the Federal government has granted a…
COVID-19: Federal Government Prepares Fiscal Stimulus Package
The federal government has drawn up a stimulus package to cushion the impact of the dreaded Corona Virus. Under the…
Hundreds Of Thousands Flee Indian Capital In Mass Exodus
Streets around the Indian capital Delhi have been filled with people walking to reach their villages in neighbouring states. This…
Vincent van Gogh painting stolen from museum in overnight raid
A Dutch museum that is currently closed to prevent the spread of the coronavirus said Monday a painting by Vincent…
Coronavirus: Oil price collapses to lowest level for 18 years
The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus…
Coronavirus: EasyJet grounds entire fleet of planes due to virus
EasyJet has grounded its entire fleet of planes and said it cannot give a date for when they will restart.…
Amazon workers to stage a walkout Monday, demanding closure of Staten Island facility
Amazon employees at the company’s Staten Island, New York, facility plan to walk off the job Monday amid allegations the…
Abbott Launches 5-Minute Coronavirus Test for Use Almost Anywhere
Abbott is unveiling a coronavirus test that can tell if someone is infected in as little as five minutes, and…
As Coronavirus Spreads Globally, Countries Begin To Hoard Food
It’s not just grocery shoppers who are hoarding pantry staples. Some governments are moving to secure domestic food supplies during…
Here Are The Businesses Exempted From The 14-days Shut Down Of Lagos, Abuja And Ogun State
Nigeria’s President, Muhammadu Buhari on Sunday announced a 14-day shut down of business, economic and social activities in Lagos State,…
How Coronavirus And Oil Price Collapse Destroyed Global Financial Markets
How much damage has the coronavirus and the oil price collapse inflicted on global financial markets this year? Put simply,…