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…
Author: Ekemini
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…
Fauci Says Coronavirus Drug, Remdesivir Is Good ‘First Step’ In Fighting COVID-19 But ‘Not The Total Answer’
The nation’s top infectious disease expert said the modest results for an experimental drug for the coronavirus is a good “first step”…
Coronavirus: US Unemployment Tops 30m
Roughly 30.3 million people have now filed for jobless aid in the six weeks since the coronavirus outbreak began forcing…
British Airways To Cut 12,000 Jobs
British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to a collapse in business…
Nigeria: MTN Revenue Rises To N329.2bn
MTN Nigeria reported revenue growth of 16.7 per cent to N329.2bn in the first quarter ended March 31, 2020 compared…
Trump Says China Wants Him To Lose His Bid For Re-election
President Donald Trump said on Wednesday he believes China’s handling of the coronavirus is proof that Beijing “will do anything…
Trump Asks Saudi Arabia To Cut Oil Or Lose Military Aid
As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi…
Clash Of Tech Titans: Zuckerberg Praises Coronavirus Lockdowns; Musk Sees ‘Fascism’
Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of…
Nigeria: Refineries Recorded N9.6bn Loss In January – NNPC
Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January.…
Nigeria: Foreign Reserves Drop By $5.09bn In Four Months
The country’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020 to $33.44bn…
Nigeria: Lagos Sanwo-Olu Orders Markets, Restaurants To Open, But Must Adhere To Certain Rules
The Lagos State Governor, Babajide Sanwo-Olu, has directed the reopening of markets on selected days in the state. He spoke…
Nigerian Banks In Lagos, Ogun And FCT To Open From Monday
The Federal Government says banks will open for commercial operations in Abuja, Lagos and Ogun States beginning Monday, May 4.…
Ford Terminates Electric Vehicle Program With Rivian
Ford Motor Company and its luxury segment Lincoln Motor Company have announced the shelving of their plans to build a new…
US Fed Leaves Rates Near Zero, Sees Virus Risks Lingering
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to…