Stock market loses N371bn in one day
Transactions on the Nigerian Stock Exchange on Thursday halted the previous day’s gain with a loss of 3.12 per cent.…
Year: 2020
NYSC suspends CDS indefinitely
The National Youth Service Corps has suspended its weekly Community Development Service activities indefinitely, according to a statement released on…
Dollar exchanges for N374
On Thursday, the naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of…
Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that…
Coronavirus: Netflix To Reduce Streaming Quality In Europe To Avoid Overload
Netflix will reduce the quality of its streaming in Europe to ease pressure on the internet, the firm said, as…
Apple Limits Online Purchase of iPhones To Two Per Person
Apple Inc (AAPL.O) is limiting customer purchases of iPhones over its online stores in many countries including the United States and China to a maximum of two handsets per person
Oil rises to $28, halting losing streak
The international oil benchmark, Brent crude, halted its losing streak on Thursday, trading around $28 per barrel as the United…
BREAKING: Trump Cancels G7 meeting at Camp David over Coronavirus
President Donald Trump will cancel an in-person meeting of G7 leaders at Camp David in June because of the coronavirus and will instead hold a video-conference instead, the White House said on Thursday.
Two generic drugs being tested in U.S. in race to find coronavirus treatments
U.S. researchers, following the lead of scientists in other countries, have launched studies to see whether widely-available, low-cost generic drugs…
Amazon halts grocery orders to restock amid increasing demand
Amazon.com Inc (AMZN.O) has said it is halting its Prime Pantry delivery service in the United States to restock groceries,…
U.S. jobless claims could top record 1.5 million next week: economists
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday…
Wall Street ends higher to stem coronavirus sellof
U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency…
Uber shares soar after CEO says enough cash to ride out coronavirus crisis
“We are very fortunate to have a strong cash position with about $10 billion of unrestricted cash as of end…
Tesla U.S. vehicle factory to suspend production but insists it has enough liquidity
Tesla Inc (TSLA.O) will suspend production at its California vehicle factory beginning on March 24 to comply with local orders…
Coronavirus to send emerging economies into recession by mid-year: JPMorgan
According to JPMorgan, the impact of the coronavirus is set to push the world’s poorer countries excluding China into recession…
BREAKING: US Approves Chloroquine to treat CoronaVirus
President Trump said in a Thursday press briefing that chloroquine, a drug used to treat malaria and severe arthritis, was…
NY Fed to pump in another $10 billion today
The New York Federal Reserve continues to point a firehose of liquidity at clogged-up financial markets. The NY Fed just…
Coronavirus could leave 25 million jobless – UN
The COVID-19 pandemic will significantly increase global unemployment, leaving up to 25 million more people out of work, and will dramatically slash workers’ incomes, the United Nations said Wednesday.
CBN Approves N100 Billion Loan Support For Health Laboratories
The Central Bank of Nigeria has announced a 100 billion naira loan support for health laboratories in the country. Central…
CBN announces N1.1tn intervention fund to boost economy
The Central Bank of Nigeria on Wednesday announced a N1.1tn intervention fund to support critical sectors of the economy. The…
Nigeria, others may lose over $110b in taxes, revenue as oil Price sinks to $24
As Coronavirus pandemic continues to rage and disrupt international economies, the African Energy Chamber (AEC), as well as other analysts,…
Rolex Shuts Down All Plants As Company Prepare For Worst Year Ever
The Swiss watch industry has survived lickings before, but Rolex, Omega and Cartier now face a combination of economic punches…
Netflix urged to slow down streaming to stop the internet from breaking
The European Union is urging Netflix and other streaming platforms to stop showing video in high definition to prevent the internet…
Facebook has a coronavirus problem. It’s WhatsApp
Governments and medical officials are scrambling to provide the public with accurate and timely information about the novel coronavirus. But…
Airline operators okay ban, seek flight restriction to Lagos, Abuja airports
To complement the ban on flights from 13 countries, airlines operators yesterday urged the Federal Government to immediately restrict other…
Oil price sinks to $24, lowest in 17 years
The price of Brent crude, the international benchmark, tumbled on Wednesday to the lowest level in 17 years as global…
FAAC meeting ends in deadlock over revenue remittances
The Federation Account Allocation Committee meeting which was convened to consider statutory revenue for the month of February ended in…
FG slashes budget by N1.5tn, reduces benchmark to $30
The Federal Government on Wednesday announced a slash in the 2020 budget by N1.5tn as part of measures to respond…
FG Approves Reduction of Petrol Price
he Federal Government has approved the reduction of the pump price of Premium Motor Spirit (PMS). While there are reports…
America Looking To Send Cheques To Citizens In Aid Package Worth $250bn
US Treasury Secretary Steven Mnuchin says he supports sending money directly to Americans as part of a $1tn (£830bn) stimulus…